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Showing 1 - 8 of 8 results for "Insurance Council of Australia"

Canberra targets natural disaster insurance gap

ROSE MARY PETRASS  |  WEDNESDAY, 13 MAR 2024  |  NEWS
... sea". Currently, the only natural hazard definition that is standardised is the word "flood". The Insurance Council of Australia (ICA) said it welcomed the announcement. "There is more to be done to improve consumer understanding of policies, and standardised ...

Climate risk or opportunity for insurance sector

ROSE MARY PETRASS  |  THURSDAY, 5 OCT 2023  |  NEWS
... society at large - less so transition risk, which nevertheless is a major risk factor. In fact, the Insurance Council of Australia's Climate Change Roadmap, which states that Australia is "on the frontline" of physical climate risk. Insurance Council ...

Social license or social-washing - weighing the value of public statements on the Voice

ROSE MARY PETRASS  |  THURSDAY, 10 AUG 2023  |  NEWS
... Indigenous-owned and managed consultancy that advises corporates including CommBank, Woolworths, and the Insurance Council of Australia. He says corporates that have made public statements on the Voice "understand that establishing structures that engage ...

Climate resilience needed to dodge $442b VIC loss by 2100

ROSE MARY PETRASS  |  MONDAY, 31 JUL 2023  |  NEWS
... be about $40 billion by 2040. Without action, it will grow ten times by 2100. This comes as the Insurance Council of Australia (ICA) this month put out a report outlining recommendations for federal and state governments to invest in resilience against ...

Insured losses from natural catastrophes $150 billion in 2022

ROSE MARY PETRASS  |  THURSDAY, 30 MAR 2023  |  NEWS
... France, winter storms in Europe, and droughts in Europe, China, and the Americas. Data from the Insurance Council of Australia indicates that the 2022 storms and floods that impacted South-East Queensland and coastal New South Wales were Australia's ...

Climate change to bring more frequent, intense weather: IAG

RACHEL ALEMBAKIS  |  FRIDAY, 18 SEP 2020  |  NEWS
... what's are we talking about when we have a degree or two more of global warming? " According to the Insurance Council of Australia, insurers have already paid more than $3.85 billion in claims to date for four of these major weather events alone ...

APRA calls for stress-testing of climate change risks in regulated entities

RACHEL ALEMBAKIS  |  FRIDAY, 17 FEB 2017  |  NEWS
... shocks" from climate risk. Sarah Barker, special counsel, Minter Ellison Lawyers Speaking to the Insurance Council of Australia Annual Forum in Sydney, Geoff Summerhayes, executive board member, spoke of APRA's evolving view on climate risks as part ...

Good Shepherd Microfinance, Suncorp pilot microinsurance

RACHEL ALEMBAKIS  |  WEDNESDAY, 7 JAN 2015  |  NEWS
... products tailored for people on lower incomes. "We have had significant conversations with the Insurance Council of Australia," Mooney said. "They want to use this as an opportunity to learn, for all insurers, about the co-creation of a new product for ...
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