Reviews, disaster responses dent ICA result
28 April 2025
The Insurance Council of Australia recorded an operating loss of $1.94 million last year as responses to reviews and late 2023 catastrophes added to expenses...
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Opportunity for ACT to act on insurance access: ICA
28 April 2025
The Insurance Council of Australia has outlined “immediate actions” the ACT government can take to help address rising insurance costs, particularly for small businesses and not-for-profit organisations...
NZ severe storms added to Perils database
28 April 2025
Catastrophe data specialist Perils has added severe convective storms in New Zealand, Japan and Europe to its industry exposure database...
Errol crosses WA coastline as tropical low
28 April 2025
Cyclone Errol, which reached category 4 strength before Easter, crossed the WA Kimberley coastline as a tropical low in a sparsely populated region...
One in three Kiwis changed insurers in last five years: ICNZ
28 April 2025
An Insurance Council of New Zealand survey has revealed that 20% of residents switched insurers in the past two years...
Automotive group suggests smash repair code improvements
28 April 2025
The Federal Chamber of Automotive Industries has delivered a list of recommendations as part of its response to the proposed review of the Motor Vehicle Insurance and Repair Industry Code of Conduct...
Labor home loan plan threatens to kill off LMI market: ICA
14 April 2025
A Labor election pledge to guarantee low-deposit loans for all first home buyers could make the lenders’ mortgage insurance market unviable and expose taxpayers to billions of dollars in losses in a housing downturn, the Insurance Council of Australia warns...
Home maintenance checks ‘off the agenda’
14 April 2025
Allianz says 84% of Australian homeowners do not perform home maintenance checks often enough, even as damage from burst pipes cost $864 million in the past two years...
‘X-ray for the earth’ to unlock supervolcano secrets
14 April 2025
Researchers are using radar technology to examine the seismic history of New Zealand’s only “supervolcano”...
Cyclone expected to steer clear of WA coast
14 April 2025
A tropical low that is forecast to reach cyclone strength off the WA coastline is expected to remain offshore and travel west as it intensifies...
Jet ski safety record ‘belies disappointing headlines’
14 April 2025
Most jet ski riders are “committed to safety” and follow guidelines and responsible boating practices, Club Marine says...
ICA nears deal to donate cars for firefighter training
14 April 2025
The Insurance Council of Australia and Fire and Rescue NSW are discussing a partnership in which insurers would provide wrecked vehicles to help with emergency worker training...
Insurer code committee reports ‘signs of improvement’
07 April 2025
The General Insurance Code Governance Committee says a fall in the number of breaches of key obligations suggests “signs of improvement” in compliance frameworks...
Data blind spots ‘hamper resilience efforts’
07 April 2025
Insurers, communities and policymakers will be “flying blind” without greater climate data and modelling, particularly at a granular level, experts warn...
Alfred losses at $1 billion as industry eyes fresh Queensland floods
07 April 2025
More than 95,000 claims have been lodged following Ex-Tropical Cyclone Alfred, with the loss total nearing $1 billion, according to the latest Insurance Council of Australia figures...
NSW urged to push through strata commission ban
07 April 2025
Strata owner and consumer groups have urged the NSW government to press ahead with the removal of strata manager insurance commissions...
‘Way of life for millions:’ strata value hits $1.4 trillion
07 April 2025
The insured value of strata properties in Australia has reached an estimated $1.4 trillion, an industry report says...
ICA welcomes Coalition plan on red tape, tradie recruitment
07 April 2025
Insurers have backed Coalition plans to ease regulatory costs, invest in apprenticeships and change the prudential regulator’s capital settings for loans backed by lenders’ mortgage insurance...
ICA calls for ‘clear commitment’ on risk reduction as election date set
31 March 2025
Prime Minister Anthony Albanese has called a federal election for May 3, and the Insurance Council of Australia says it is focused on advocating for “meaningful investment in mitigation”...
Half-year intermediated premium climbs
31 March 2025
General insurance intermediaries issued premium invoices totalling $22.3 billion in the six months to December, the Australian Prudential Regulation Authority says...