Insurance fund for flood-prone areas: legal advocates
Advocates say a fund to help people in flood-prone areas afford insurance premiums should be considered as a parliamentary inquiry looks at insurer practices.
insurance
Households waiting on building insurance settlement
There was an unprecedented number of domestic building insurance claims after the collapse of builders like Porter Davis with more than 1000 claims not settled.
Hefty fine for RACQ after misleading discounts
Insurer RACQ has been hit with a $10 million penalty in the Federal Court after potentially misleading customers about price discounts.
Insurance Council warns higher prices ‘baked in’
The Insurance Council of Australia chief says households and businesses are feeling the squeeze, with more people forced to forego or reduce insurance coverage.
Past due date: no solution to midwifery insurance gap
A gap in professional indemnity insurance for endorsed midwives has still not been fixed, a month after the Health Department was advised of the issue.
Widespread floods exposed insurance industry failings
A review of the response by insurers into the widespread and catastrophic flooding on the nation's east coast has found multiple weaknesses in the industry.
Call to build homes to defy climate, save $4b a year
As floods, cyclones and bushfires become more ferocious, costs to home-owners could double by 2050 without changes to the construction code, an analysis shows.
Melbourne road named Australia’s most dangerous
A Melbourne road has come out on top of a list of Australia's most dangerous crash hotspots for the sixth year running.
construction and property
economy, business and finance
environmental issue
insurance
politics
real estate
Insurers demand action on risks to stay above water
The financial hit from catastrophes may have dropped over the past 12 months but insurance premiums keep rising, an industry report shows.
IAG reports ‘solid year’ as net profit jumps
Insurance giant IAG says it made $832 million in 2022/23, up from $347 million the year before, as it works to become a stronger and more resilient company.
construction and property
economy, business and finance
environmental issue
global warming
insurance
politics
real estate
Home insurance out of reach as climate disasters surge
The biggest rise in premiums in 20 years has raised concerns households may forego insurance and be even harder hit when the next disaster strikes.
Insurance costs, claims under microscope after floods
Insurance affordability and the handling of claims after devastating floods in several states in 2022 will be examined in a parliamentary hearing.
A forever home ruined by floods and insurance battles
A federal parliamentary inquiry will examine insurance companies' handling of claims after historic floods ravaged most states and territories in 2022.
Insurers to face federal inquiry over floods response
A federal parliamentary inquiry will examine insurance companies' handling of claims after major floods ravaged most states and territories in 2022.
Insurance providers fined $13.5m for misrepresentations
Three insurers found to have misrepresented life, funeral and accidental injury coverage have been fined $13.5 million, with ex-boss Russell Howden also fined.
One in three to get slice of $815m in insurer payouts
More than 5.6 million Australians could be eligible for a payout after insurers were found to have unnecessarily complex pricing promises and practices.
AMP and MLC fined millions for historic violations
AMP Group will pay $24 million and MLC has agreed to $10 million in fines after systems failures led to breaches in customer trust.
Dodgy funeral company banked on Centrepay for payments
The Save Sorry Business Coalition is lobbying the federal government to do more in the budget to help Indigenous people ripped off by an unscrupulous company.
Porter Davis owners stuck in never ending nightmare
Families impacted by the collapse of builder Porter Davis have staged a protest calling for state and federal governments to intervene to help them.
Near-finished Porter Davis homes will be completed
Porter Davis liquidators have been working to find solutions for staff and clients since the home building company collapsed a week ago.
Premier backs call to not bail out beleaguered builder
Authorities are probing whether one of Australia's largest home builders illegally took deposits from customers before securing their insurance policies.
Queensland considers third-party car insurance reform
Queensland is looking at a shake-up of the state's compulsory third-party car insurance scheme amid concerns over premium competition and insurer profitability.
Long wait for insurance compounds disaster trauma
A new report into the mental health burden of disasters across Australia shows adequate insurance coverage is central to recovery.
Spongiest city no match for deadly ‘atmospheric river’
Extensive flood devastation in Australia and New Zealand is calling into question the design of cities that should keep millions of residents out of harm's way.
Banks to pay $126m over dodgy insurance
A class action has been settled with three of Australia's big banks, with customers sold consumer protection insurance to share in $126 million.
Qld floods bill tops $7.7 billion: report
Deloitte estimates the total cost of the southeast Queensland floods, which impacted half a million people and 18,000 homes and business, to be $7.7 billion.
Help on way after funeral insurer collapse
The Albanese government has announced around $4 million in relief for families impacted by the collapse of insurer ACBF-Youpla.
Teen cyclone survivor confronts bank boss
A school boy cyclone survivor has challenged a bank boss to do more on climate change, interrupting an elite business summit to call out "ridiculous" lending.
One in 25 properties ‘uninsurable by 2030’
A new report warns 521,000 properties could be uninsurable by the end of this decade due to climate change risks.
Alert system forms part of Qld flood probe
A review of the flood disaster that killed 13 people in southeast Queensland will include effectiveness of emergency alerts and agency co-operation.
Assessors, techies, bankers join mud army
Insurers say it's too soon to put a price on the floods as initial claims near $2 billion and assessors, techies and bankers muck in alongside communities.