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Industry premium climbs towards $144 billion

Mon, 23 Jun 2025 04:49:14 GMT

Direct written premium in the Australian general insurance industry is projected to top $144 billion by 2029, according to GlobalData...

New Zealanders conflicted on risk pricing in climate crisis

Mon, 23 Jun 2025 04:49:02 GMT

IAG says New Zealanders hold a “conflicting set of expectations” on insurers’ obligation to cover locations facing higher risk of natural disasters...

Lawyer service helps hundreds of flood victims as demand surges

Mon, 23 Jun 2025 04:48:47 GMT

Legal Aid NSW says lawyers from its disaster response service have seen more than 500 clients since May 19 in relation to floods in the Mid North Coast, Hunter and Greater Sydney areas...

Hungry roos drive up car crash numbers

Mon, 23 Jun 2025 04:48:33 GMT

Vehicle crashes with kangaroos have increased over the past two years as low rainfall forces the marsupials to seek food outside their usual habitats, SA motoring club RAA says...

Brooksight warns on rise in staged motor claims

Mon, 23 Jun 2025 04:48:11 GMT

Brooksight Investigations is holding specialised training for its national team amid a rise in staged motor accidents designed to defraud insurers...

Insurance Council returns to hail-damaged town

Mon, 23 Jun 2025 04:47:48 GMT

The Insurance Council of Australia will revisit the west Victorian town of Casterton next month to hold two consultation days concerning last October’s hailstorm...

Perils cuts Alfred loss estimate

Mon, 16 Jun 2025 04:38:48 GMT

Catastrophe data group Perils has lowered its loss estimate for Cyclone Alfred by 12% to $2.25 billion, partly reflecting the volume of food spoilage claims...

Willis guides clients on ransom payment rule

Mon, 16 Jun 2025 04:38:36 GMT

New disclosure laws increase the potential for regulatory liability associated with ransomware incidents, Willis is warning clients...

AFCA sides with claimants in crack quarrel

Mon, 16 Jun 2025 04:38:22 GMT

Homeowners who sought a payout for wall crack damage have won a claim dispute after the complaints authority rejected their insurer’s applied exclusions...

In Insurance News magazine this month

Mon, 16 Jun 2025 04:37:53 GMT

Cyclone Alfred failed to live up to the worst-case scenario – but it was still a significant loss event and a warning shot that can’t be ignored...

MTAA forum invites smash repair code feedback

Mon, 16 Jun 2025 02:30:59 GMT

The Motor Trades Association of Australia will hold an online forum for industry members to provide input on its forthcoming insurance repairs code of conduct revamp...

Industry makes $1 billion profit as pressure remains on householders

Mon, 02 Jun 2025 05:00:26 GMT

The industry made a net profit after tax of $1.11 billion in the March quarter, with insurers contributing $990 million and reinsurers $123 million, according to the latest Australian Prudential Regulation Authority data...

NSW flood claims pass 8700 with recovery under way

Mon, 02 Jun 2025 05:00:06 GMT

The number of NSW flood claims lodged has climbed to 8726, the Insurance Council of Australia said this afternoon...

‘Prolonged drought’ poses fire risk in Victoria, SA

Mon, 02 Jun 2025 03:59:28 GMT

Parts of west, central and southeast Victoria and the southern coast of SA are expected to have increased bushfire risk over winter...

ICA wants regulator backing for common definitions

Mon, 02 Jun 2025 03:38:17 GMT

The Insurance Council of Australia will this year seek regulatory approval for standard policy definitions of home maintenance and wear and tear, as it also moves ahead with a revamp of the industry code of practice...

Risk officers on alert over cybersecurity, conduct

Mon, 02 Jun 2025 03:38:08 GMT

Asia-Pacific chief risk officers rank cybersecurity as their top concern, while conduct and operational resilience are also among their leading worries...

NZ insurers suffer reputation hit amid cost crises

Mon, 02 Jun 2025 03:37:48 GMT

A survey has revealed growing mistrust of insurers in New Zealand as consumers continue to flag affordability concerns...

NSW flood claims escalate as recovery begins

Mon, 26 May 2025 04:59:25 GMT

Insurers have received more than 4100 claims, with numbers rising quickly, following the severe flooding across the NSW Mid North Coast, Hunter and Greater Sydney regions...

‘Hard pill to swallow’: premium disparity maps out Sydney flood threat

Mon, 26 May 2025 04:36:25 GMT

Residents in the Hawkesbury region face the highest average home insurance premiums across Sydney’s 24 local government areas, at $7033 a year, analysis by Finity reveals...

Staffing, cyber threats keep insurance SMEs up at night

Mon, 26 May 2025 04:22:06 GMT

Small business owners in the insurance and finance sector are more worried about cyberattacks and staff turnover and shortages than a year ago, a survey has found...