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Key Highlights: * Draft update to the Motor Vehicle Insurance and Repair Industry Code of Conduct expected to be released in early 2025. * Drafted by MST Lawyers in response [...]

Key Highlights: * The Insurance Council of Australia (ICA) welcomes the second tranche of advice reforms announced by Assistant Treasurer Stephen Jones. * The reforms aim to enable more Australians [...]

Key Highlights: * Insurance industry made 17 recommendations to improve outcomes for consumers in strata complexes. * Cost of strata insurance rising due to inflationary pressures, reinsurance costs, and extreme [...]

Key Highlights: * Queensland is the most extreme weather-exposed state in Australia with 75% of homes in cyclonic wind regions. * Around 310,000 Queensland properties are at risk of flooding [...]

Key Highlights: * Insurance Council of Australia (ICA) urges Broken Hill residents and small businesses affected by power outage to contact their insurer to discuss potential claims * Insurers have [...]

Key Highlights: * Peak bodies from UK, Canada, Australia, and New Zealand urge Commonwealth leaders to address extreme weather impact on national resilience. * Global Insurance Protection Gap Forum held [...]

ENPNewswire-October 21, 2024--Commonwealth insurance peaks collaborate on global insurance protection gap (C)2024 ENPublishing - http://www.enpublishing.co.uk Release date- 20102024 - The peak bodies representing personal and business insurers in the United [...]

Key Highlights: * A report by the Insurance Council of Australia suggests an eight per cent reduction in insurance premiums for Queenslanders if the next State Government removes stamp duty [...]

Canberra: Federal Court of Australia has issued the following judgment on (20 September 2024): FEDERAL COURT OF AUSTRALIA Cody Gemtec Retail Pty Ltd v Underwriting Members of Syndicate 2003 at [...]

Key Highlights: * Nick Hawkins thanked the Board for their support during his tenure. * Steve Johnston expressed confidence in leading the Board alongside fellow members and ICA CEO Andrew [...]

Key Highlights: * More than 10,000 claims were made totaling $369 million. * Fourth round of community consultations will be held in Cairns and Port Douglas. * Insurer representatives will [...]

Key Highlights: *Insurance Council of Australia (ICA) and insurers are supporting customers in south-east Queensland after severe storms. * Fourth round of community consultations in Upper Coomera, Jimboomba, and Tamborine [...]

ENPNewswire-August 28, 2024--Fourth round of community consultations for insurance customers in Far North Queensland image (C)2024 ENPublishing - http://www.enpublishing.co.uk Release date- 28082024 - The Insurance Council of Australia (ICA) and [...]

ENPNewswire-August 28, 2024--ICA-Fourth round of community consultations for insurance customers in south-east Queensland image (C)2024 ENPublishing - http://www.enpublishing.co.uk Release date- 28082024 - The Insurance Council of Australia (ICA) and insurers [...]

Key Highlights: * The Standard aims to provide clarity and consistency for customers when expert reports are needed for claims. * Expert Reports are typically generated after on-site inspections by [...]

ENPNewswire-August 9, 2024--ICA-Insurers welcome towing bill reform in Western Australia image (C)2024 ENPublishing - http://www.enpublishing.co.uk Release date- 08082024 - The Insurance Council of Australia (ICA) congratulates the Western Australian Government [...]

ENPNewswire-August 9, 2024--Fire and Rescue NSW reignites historic partnership with Insurance Council of Australia to safeguard communities image (C)2024 ENPublishing - http://www.enpublishing.co.uk Release date- 09082024 - Fire and Rescue NSW [...]

bushfires, insurance, insurance premiums, ANZ, IAG, Lisa Whyte, Alan Wang, Insurance Council of Australia, policy, cost of living Insurance; Bushfires Halls Gap resident Lisa Whyte was shocked to receive an [...]

Key Highlights: * The Insurance Council of Australia welcomed the decision to include building resilience as a specific objective of the Australian Building Codes Board from 2025. * Strengthening the [...]

The Insurance Council of Australia (ICA) supports strengthening the General Insurance Code of Practice in areas like financial hardship and claims handling. The Code was first introduced in 1994 to [...]

Insurers and the Insurance Council of Australia are conducting a third round of consultations in south-east Queensland to assist customers impacted by severe storms. Key Highlights: *Insured damages from the [...]

New data from the Insurance Council of Australia reveals that New South Wales insurance customers face a significant financial burden due to the Emergency Services Levy (ESL), with an average [...]

The Insurance Council of Australia and insurers will assist Far North Queensland communities affected by Ex-Tropical Cyclone Jasper, resulting in 9,885 claims and $354 million in insured losses. Key Highlight: [...]

The Insurance Council of Australia (ICA) has announced the appointment of Andrew Gill as the executive officer of its newly established counter fraud and scams unit. Gill brings a robust [...]

The MVIRI Code Administration Committee is actively reviewing the MVIRI Code of Conduct following Dr Michael Schaper's recommendations. The committee aims to enhance independence, improve governance, and engage stakeholders by [...]

The Insurance Council of Australia (ICA) welcomes the release of the first consultation paper for the review of the 2020 General Insurance Code of Practice. The Code aims to ensure [...]

ENPNewswire-April 11, 2024--ICA declares weekend storm a 'Significant Event' image (C)2024 ENPublishing - http://www.enpublishing.co.uk Release date- 10042024 - The Insurance Council of Australia (ICA) has today declared last weekend's severe [...]

Insurance Council of Australia declared the recent storm in New South Wales a Significant Event, with 11,527 claims received. Insurers activated response processes, and losses from summer catastrophes reached close [...]

Insurance Council of Australia and insurers are conducting community consultations in south-east Queensland following the Christmas and New Year storms. 18,000 new claims were filed, totaling insured losses of $968 [...]

The Insurance Council of Australia (ICA) welcomes the Federal Government's regulatory transparency initiative, modeled after the UK's approach. The initiative aims to reduce compliance burden, provide clarity for policymakers, and [...]

Insurers and the ICA will conduct consultations in Far North Queensland post-Tropical Cyclone Jasper, with over 9,300 claims received, including property, motor, and commercial claims. The consultations aim to assist [...]

The 2022 floods had a devastating impact on Australians, resulting in loss of lives and damage to communities. Insurance Australia Group (IAG) Managing Director and CEO, Nick Hawkins, along with [...]

The Insurance Council of Australia (ICA) has called for a $250 million annual fund in the next Federal Budget to buy back and raise homes exposed to extreme flood risk. [...]

The cost of claims from ex-Tropical Cyclone Jasper and the Christmas and New Year storms has exceeded $743 million. Ex-TC Jasper impacted regions from Cape York Peninsula to Townsville, while [...]

ENPNewswire-January 16, 2024--ICA-Insurers supporting customers in far north Queensland image (C)2024 ENPublishing - http://www.enpublishing.co.uk Release date- 11012024 - The Insurance Council of Australia (ICA) and insurers will be in far [...]

The Insurance Council of Australia (ICA) and insurers will be providing additional support for customers in far north Queensland following Tropical Cyclone Jasper. In-person consultations will be held in Port [...]

ENPNewswire-January 4, 2024--ICA-Catastrophe Declaration extended to include New Year storms image (C)2024 ENPublishing - http://www.enpublishing.co.uk Release date- 03012024 - The Insurance Council of Australia (ICA) has today extended its Insurance [...]

The Insurance Council of Australia has extended its Insurance Catastrophe declaration for the recent storms, rain, and flooding. Almost 38,000 insurance claims have been lodged following the weather that has [...]

ENPNewswire-January 3, 2024--ICA-Insurers warn cyclone and flood impacted communities to beware of 'disaster chasers' image (C)2024 ENPublishing - http://www.enpublishing.co.uk Release date- 02012024 - The Insurance Council of Australia (ICA) is [...]

ENPNewswire-January 2, 2024--ICA-Insurance catastrophe declared for Christmas Storms image (C)2024 ENPublishing - http://www.enpublishing.co.uk Release date- 29122023 - The Insurance Council of Australia (ICA) has today escalated its response to severe [...]

Byline: Peter Hannam Economics correspondent A repeat of Australia's worst disasters such as Cyclone Tracy and Sydney's giant hailstorm in 1999 would hit the economy much harder now, given increased [...]

Insurance claims filed after the severe thunderstorms, convective weather and hail that struck eastern parts of Australia over the Christmas period, resulting in flooding and property damage, have soared and [...]

IAG, including brands NRMA Insurance, CGU, and WFI, is providing support to customers affected by severe storms on the east coast. The storms have caused significant damage to properties and [...]

The Insurance Council of Australia has declared an Insurance Catastrophe due to severe storms impacting Queensland, New South Wales, and Victoria. Claims from affected policyholders will be given priority, and [...]

The Insurance Council of Australia has declared a 'Significant Event' for regions impacted by severe storms in Queensland, New South Wales, and Victoria. Insurers have received over 7,500 claims related [...]

Canberra: The Australian Competition and Consumer Commission (ACCC) has issued the following news release: ASIC has outlined practical steps to take for communities affected by flooding in Far North Queensland [...]

The Insurance Council of Australia has declared ex-tropical cyclone Jasper an Insurance Catastrophe, prioritizing claims for affected policyholders in Far North Queensland. More than 3,800 claims have already been lodged, [...]

IAG, whose brands include NRMA Insurance, CGU and WFI, is supporting customers who have been impacted by Ex-Tropical Cyclone Jasper and the subsequent major floods in Far North Queensland. Original [...]

The Insurance Council of Australia has declared a 'significant event' for regions of Far North Queensland impacted by severe weather and flooding caused by Tropical Cyclone Jasper. The ICA has [...]