Tropical Cyclone Alfred has left a lasting mark on one of Australia's most popular tourism regions, with extensive sand erosion, damaged beach accessways, and coastal infrastructure destruction along the Gold Coast.
The majority of Australians have paid out-of-pocket for desexing procedures for pet dogs and cats, forking out A$289 ($182) on average, according to a new study by Compare the Market, a price comparison platform.
Insurers in Australia had received more than 44,000 claims till 12 March following ex-tropical cyclone Alfred as reported by the Insurance Council of Australia (ICA).
ASIC is suing the trustee of Australia's largest superannuation fund, AustralianSuper, over delayed processing of nearly 7,000 death benefit claims, according to proceedings filed in the Federal Court.
JBA Risk Management has launched a new comprehensive Australian inland flood model to meet increasing demand from the insurance and risk markets for better flood insights.
Analysis by Money.com.au reveals that private health insurance benefits in Australia have fallen to their lowest level since the Australian Prudential Regulation Authority (APRA) began publishing annual industry reports in 2008.
The Australian Prudential Regulation Authority (APRA) has released eight major proposals to strengthen its prudential governance framework for financial institutions that include banks, insurers and superannuation trustees. This represents the first significant update to APRA's governance standards in more than a decade.
An Australian code administration committee (CAC) has unveiled its updated motor vehicle insurance and repair industry code (draft) for public consultation before it is formally adopted. Businesses, individuals and organisations have been invited to have their say via the public consultation route that began on 5 March 2025 and will run for a period of eight weeks until 29 April 2025.
Australia's largest P&C insurers should be well placed to manage claims stemming from tropical cyclone Alfred. The path and strength of the cyclone is uncertain, but similar events in the past suggest insured losses of more than AUD 2bn ($1.265bn).
According to a new survey by Compare the Market, 23% of Australian motorists, or approximately one-in-four, have been forced to delay or stop essential car maintenance due to cost-of-living pressures.