Townsville braces for king tide flood as losses pass $1 billion
18 March 2019
A king tide could cause further flooding in Townsville tomorrow as the north Queensland city struggles to recover from last month’s devastating rainfall…
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FNQ faces heavy rain as Cyclone Trevor gathers pace
18 March 2019
Cyclone Trevor is forecast to bring heavy rainfall and potential flash flooding across Far North Queensland over the next few days…
ICA hits back at ‘scaremongering’ climate risk analysis
18 March 2019
A climate research group’s suggestion that many homes may become too risky to insure because of climate change has been criticised by the Insurance Council of Australia as “scaremongering”…
In Insurance News magazine this month
18 March 2019
Yet another government agency’s report on insurance in northern Australia comes under the Insurance News microscope, with the devastating Townsville floods demonstrating one inescapable truth – the north is far more prone to natural catastrophes than the southern regions, and that’s why property cover costs more…
Climate Index confirms extreme heat on the rise
18 March 2019
The frequency of hot days in recent winters and springs has exceeded historical levels, according to the Actuaries Institute’s Climate Index…
NMVTRC cheers Queensland’s return
18 March 2019
Queensland’s decision to rejoin the National Motor Vehicle Theft Reduction Council has been welcomed by CEO Geoff Hughes and industry stakeholders…
Queensland reacts to spike in vehicle thefts
18 March 2019
Motor vehicle theft numbers in Queensland were 48% higher last year than four years ago…
Lloyd’s ‘open for business’ despite capacity crackdown
11 March 2019
Lloyd’s says it is “open for business” in Australia, despite market concerns that securing capacity is becoming a challenge…
Intermediary premium climbs past $11 billion
11 March 2019
Insurance intermediaries placed $11.5 billion of premium in the December half, new Australian Prudential Regulation Authority data shows…
Victorian fires added to growing catastrophe list
11 March 2019
Bushfires in southeast Victoria over the past week have destroyed at least 31 houses and damaged another 70 structures…
Clamour grows for building industry royal commission
11 March 2019
A building industry reform group has written to Prime Minister Scott Morrison urging a royal commission to restore public trust in Australia’s “broken’ construction sector…
PI ‘crisis’ as insurers retreat from cladding risk
11 March 2019
Insurers are pulling back from exclusion-free professional indemnity cover for building surveyors and fire engineers, sparking fears the construction industry could “grind to a halt”…
Canberra told to ‘scale up’ climate change preparations
11 March 2019
The Federal Government has been urged to overhaul its disaster resilience strategy as climate change causes a rise in “concurrent extreme weather events and events that follow in closer succession”…
Data breach reports soar under new laws
11 March 2019
More than 800 data breaches were reported last year following introduction of the Notifiable Data Breaches scheme…
More M&A ahead as insurers focus on core ops
11 March 2019
The insurance industry may see further consolidation this year, law firm Clyde & Co says…
Higher rates drive industry profit
04 March 2019
General insurers and reinsurers achieved a combined 6.2% rise in underwriting profit to $3.5 billion last year, Australian Prudential Regulation Authority data shows…
Homes lost as Victoria tackles spate of fires
04 March 2019
New bushfire dangers emerged today in parts of southeast Victoria…
BOM predicts dry, hot autumn
04 March 2019
Australia can expect a drier-than-average autumn, worsening a drought that is already devastating farmers and country areas…
NRMA Insurance denies ‘game-playing’ on flood, rainwater
04 March 2019
NRMA Insurance has rejected criticism of a home cover policy change that groups flood, rainwater run-off and storm surge…
ICA says ‘hasten slowly’ on Hayne reforms
04 March 2019
Insurance Council of Australia CEO Rob Whelan has warned against rushing to implement Hayne royal commission proposals as the industry faces pressure to respond more quickly to consumer issues…