Queensland
Warning / Australia : tropical cyclone Yasi on the heels of the floods
On the heels of widespread flooding in eastern Australia, the state of Queensland today is evacuating residents as a giant typhoon barrels across the...
Federal Treasurer Wayne Swan has flagged changes to the insurance industry
Federal Treasurer Wayne Swan has flagged changes to the insurance industry in the wake of Queensland's devastating floods.
Mr Swan says there appear to be...
Australia : Insurance Council of Australia updated the number of claims
Suncorp, IAG and QBE gave a lesson in remaining cool in a crisis, reassuring the public and the markets that they could pay out...
Australia : flood may be costliest in Australian history
The Queensland floods may cost insurers and reinsurers worldwide as much as $6 billion in what might be Australia’s costliest disaster in history.
Insured losses...
Australia : reasonable protection for non-life insurance companies against the floods
Fitch Ratings has commented today that catastrophe reinsurance offers reasonable protection to Australia's major non-life insurance companies against floods in Queensland and Northern New...
Australia : IAG update on claims experience
Insurance Australia Group Limited (IAG) today provided an update on its claims experience arising from the extreme weather conditions which are affecting so many...
FITCH: Reinsurance protects Australian insurers against floods
Fitch Ratings has commented today that catastrophe reinsurance offers reasonable protection to Australia's major non-life insurance companies against floods in Queensland and Northern New...
Flood insurance embargo from most Queensland companies
Most insurers have stopped offering flood insurance policies to centres in south-east Qld facing the prospect of inundation.
Insurance companies have stopped offering flood policies...
Flood insurance : definitions and exclusions (Australia)
Consumer groups have called for a common definition of floods in insurance policies as Queensland residents face the prospect of not being covered for...
Flood insurance : fine print is considered unfair
People whose insurance companies knock back their claims for flood damage are being advised to challenge the ‘‘unfair’’ fine print in their contracts.
A lawyer...
Australia floods : early market estimates put losses at about $1 billion for the insurance sector
Suncorp shares slumped 3 per cent, or 26c, to $8.35, knocking $330m from its value, QBE shares lost 38c, or $380m in value, to...
Australian floods : report
One of Queensland's biggest natural disasters is unfolding in the city of Rockhampton, with isolated outbreaks of looting as police force residents to abandon...
