An inquiry into disaster funding and mitigation has revealed the full scope of the investigation, and the industry is getting ready to participate.
The ICA has released new estimates for the damage caused by Cyclone Ita, as assessors start entering the affected areas.
An insurance company is “well poised” for telematics but stresses there are still issues to be resolved.
In an exclusive interview with Insurance Business, Wesfarmers MD Richard Goyder sheds more light on the company’s exit from the insurance industry.
Industry pundits have come out in support of the Arthur J. Gallagher Wesfarmers deal, arguing it helps "stabilise" the local industry and leaves Wesfarmers ahead after a century in the insurance business.
A community insurance network has endorsed calls for a national approach to natural disaster resilience, arguing it will improve the public’s understanding of insurance and discourage insurers from paying claims when they do not have to.
Wesfarmers has sold its broking and premium funding businesses to an intermediary heavyweight.
An insurer is undertaking a strata building resilience project which will see it revisit pricing, and could possibly lead to premium reductions of 25%.
The ACCC has given IAG its seal of approval to buy Wesfarmers’ underwriting business but there are still questions as to how the operation will be integrated.
The insurers say ACCC’s green light is a “milestone” but must wait for other authorities to also give their seal of approval - and one is stalling.