Insurers hail Labor government’s climate and resilience plans as flood damage bill tops $4.3 billion
The peak body for insurance providers has welcomed the creation of an environment 'super' department as flood damages continue to climb.
Months after the Lismore flood, small businesses are still waiting for the power to turn back on
Business owners in Lismore, NSW say a sluggish response from insurers and the government, coupled with a lack of trade, have effectively stalled the flood recovery effort.
Morrison dials up flood support for SMEs as insurance industry heads for “market failure”
Prime Minister Scott Morrison has confirmed he will increase the minimum disaster payments for Queensland and NSW businesses by $10,000 this week.
Kogan adds insurance to growing portfolio with QBE deal
Australian e-commerce retailer Kogan has branched into insurance through a new long-term agreement with QBE Insurance.
“There are 10 towns that could be another Lismore in the next few years”: Insurance experts on how SMEs can protect their business
The government is spending 3% on mitigation and 97% on cleanup after natural disasters, according to Andrew Hall, chief executive of the Insurance Council of Australia.
Beware the “disaster chasers”: Four ways to avoid scams amid the flood crisis
Sympathetic Australians contributing money to the flood crisis have been warned to watch out for scammers setting up fake donation sites or posing as flood victims, as financial scam reports continue to rise.
Australia’s insurance gap keeps growing. Here’s how to end the vicious cycle
Unfortunately, many victims of the Queensland and NSW floods will find that they are either not insured or underinsured against this sort of catastrophe.
After the floods will come underinsurance: What can we do?
Rising insurance premiums are creating a crisis of underinsurance in Australia, and the recent flooding is making that more evident.
‘Insurance catastrophe’ declared as PM warns insurers to deal fairly
Insurance companies and banks have been put on notice by Prime Minister Scott Morrison, as the deadly storm cell pummels the east coast, wreaking havoc on homes and businesses.
Bruce Billson says amusement sector could stay shut due to insurance crisis
The small business ombudsman said the amusement sector faced a ‘clear and present danger’ as a result of businesses being unable to get insurance cover.
Small businesses lose business interruption test case but press on with appeal
Small businesses are pressing ahead with a legal appeal in a bid to compel insurers to pay out pandemic-related losses, after the Federal Court ruled in favour of six insurance companies on Friday.
More costs on the cards for SMEs as COVID-related workers’ comp claims spike
An uptick in workers’ compensation claims related to COVID-19 could lead to a spike in WorkCover premiums.
