09 December 2019
A Suncorp customer has failed in his bid to have his damaged TV replaced with a similar top-of-the-range model or be compensated $2300, the amount that he paid 11 years ago for the item...
09 December 2019
The NSW and Queensland spring bushfires caught everyone by surprise, and now the states – and insurers – are bracing for a summer like no other Australia has ever experienced. In the December/January edition of Insurance News magazine our editorial team talks to victims, firefighters and scientists to understand the causes and the consequences as we prepare for a fiery summer...
09 December 2019
The deployment of high definition cameras in NSW to catch drivers illegally using mobile phones has the backing of the insurance industry...
09 December 2019
New Zealand’s Earthquake Commission will provide funding of $NZ1 million for 16 research projects that could help reduce the impact of natural disasters...
09 December 2019
Drive through assessment stations have been set up and specialists brought in from Australia to help with repairs after thousands of vehicles and other property in the South Island city of Timaru were pummelled by oversized hailstones on November 20...
02 December 2019
The industry’s underwriting profit fell by more than half to $1.9 billion in the year to September as costs from the Sydney hailstorm and Townsville flood last summer severely dented earnings...
02 December 2019
Flood engineers hired by the operators of the Wivenhoe and Somerset dams failed to follow guidelines, which ultimately contributed to the severity of the 2011 Brisbane floods, the NSW Supreme Court ruled last Friday...
02 December 2019
Summer is likely to start off hot and dry, with much of eastern Australia gripped by the same climate influences that gave us a warmer and drier than average spring, the Bureau of Meteorology predicts...
02 December 2019
Global law firm Clyde & Co today flagged parametric insurance as a key risk management tool that could help protect the Great Barrier Reef from long-term climate change effects...
02 December 2019
Swimming pool owners are being urged to check their liability insurance before they take advantage of a new sharing economy app called Swimply which is being dubbed the “Airbnb of swimming pools”...
02 December 2019
NRMA Insurance has settled a case lodged by a child sex offender who successfully claimed the insurer “discriminated” against him when it refused him insurance because of his criminal record...
02 December 2019
CommInsure has no grounds to decline a claim from a complainant who did not disclose her partner and co-policyholder has a criminal record, the Australian Financial Complaints Authority has ruled...
02 December 2019
Lloyd’s must contribute equally to a $1.025 million injury payout that Allianz made to a road worker who was hit by a car when he was on duty...
02 December 2019
Insurers in Australia and globally are under pressure to more clearly define whether so-called “silent cyber” risks fall under traditional property and casualty policies, according to Aon...
02 December 2019
Victoria’s construction industry wants the state Government to suspend prosecuting builders for installing flammable cladding in a bid to encourage voluntary reporting of affected properties...
02 December 2019
Australia’s small-and-medium enterprises, including insurers, are losing out on sizable untapped revenue from cross-border trade due to poor confidence in managing exchange rates, a new survey finds...
25 November 2019
The Queensland Government has called for more information and broader consultation on the proposed cyclone reinsurance pool to be explored by the Federal Treasury and the insurance industry...
25 November 2019
The Federal Government should consider setting up a cyber reinsurance pool to “improve confidence” in the market, according to Risk Frontiers...
25 November 2019
Insured losses from the NSW and Queensland bushfire catastrophe have increased to $165 million from 1525 claims lodged with insurers, according to the Insurance Council of Australia..
25 November 2019
Insured losses from last week’s Sunshine Coast hailstorm have climbed to at least $120 million from more than 15,800 claims, according to the Insurance Council of Australia...