NSW floods claims top 7,000

NSW floods claims jump 20%, clean up and recovery expected to be long-term

Insurers have received more than 6,000 claims relating to the Mid North Coast and Hunter region floods as of Wednesday, according to the Insurance Council of Australia.

Philippines’ insurance penetration grows to 1.89% in Q1 2025: IC

The Insurance Commission attributed the improvement to the faster premium growth, with the non-life NWP rising 19.3% to US$365m, mostly supported by the motor and fire lines.

Australian competition watchdog clears IAG’s RACQ acquisition

ACCC said Suncorp, Allianz and QBE, and newer entrants such as Youi, Auto & General, and Hollard will continue to compete in Queensland.

‘One-in-500-year’: ICA declares NSW flooding a significant event

Event may be escalated to an insurance catastrophe if there is a significant increase in claim numbers or complexity, the Insurance Council of Australia (ICA) says.