All the headlines from our Australia Topic Page, ordered by recency.
Aug 17 2022 // Australia’s mounting extreme weather events threaten to make home insurance premiums unaffordable for an estimated 1 million households.On average, Australians living in high-risk areas like northern Queensland pay...
Jul 25 2022 // Australia is on high alert for foot-and-mouth disease in its cattle herds after traces of the virus were found on imported animal products. The disease is already ripping through Indonesia, and is creeping ever closer to...
Jul 18 2022 // Australia & New Zealand Banking Group Ltd. agreed to buy Suncorp Group Ltd.’s banking operations for A$4.9 billion ($3.3 billion) as it seeks to gain an edge over larger rivals by expanding in the country’s...
Jul 5 2022 // MELBOURNE — Torrential rain is lashing Australia’s southeast coast, forcing thousands of people from their homes because of the danger of floods and landslides in a region battered by major flooding four times...
Jun 29 2022 // A landmark inquiry into Australia’s mining sector has uncovered dozens of shocking cases of sexual harassment and abuse of women workers at companies including BHP Group and Rio Tinto Group.The Western Australia...
Jun 16 2022 // BMS, the London-based independent specialist insurance and reinsurance broker, announced the acquisition of SRG Group, the Australian corporate retail broker with operations in Perth and Queensland.Founded in 2005, SRG is...
Jun 6 2022 // SYDNEY – An Australian court on Monday ordered Google to pay a former lawmaker A$715,000 ($515,000), saying its refusal to remove a YouTuber’s “relentless, racist, vilificatory, abusive and defamatory”...
Jun 3 2022 // The risk of foot-and-mouth disease reaching Australian shores has escalated as an outbreak sweeps through cattle herds in Indonesia.More than 20,000 animals have been infected by foot-and-mouth disease across 16 provinces,...
May 10 2022 // Australia’s AUB Group has entered into a binding agreement to purchase UK insurance broker Tysers for A$880 million (US$615.2 million) from private equity firm Odyssey Investment Partners.AUB Group recently raised...
May 6 2022 // The storms and floods that hit South-East Queensland and coastal New South Wales in February and March are likely to be Australia’s costliest floods on record, according to the Insurance Council of Australia...
Apr 22 2022 // An Australian court ordered Westpac Banking Corp. to pay A$113 million ($82.92 million) in penalties for multiple compliance failures across its businesses, after hearing the last of the six cases filed against it by the...
Apr 21 2022 // Initial insurance losses for the Eastern Australia floods are estimated at A$3.99 billion (US$2.97 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance...
Apr 8 2022 // Australia should force companies to report potential human rights abuses as part of a review of its modern slavery disclosure rules, according to an analyst at a A$16 billion ($12 billion) fund manager who helped draft the...
Apr 5 2022 // The majority of gross losses from recent devastating flooding in Australia likely will be borne by reinsurers with limited impact on primary insurers’ balance sheets, according to an AM Best report.The flooding...
Mar 30 2022 // Heavy rains deluged Australia’s east coast on Wednesday, submerging entire towns, while thousands of people fled their homes for the second time within weeks after fast-moving flood waters burst river banks and broke...
Mar 25 2022 // Greenlight Re Innovations (GRI), part of Greenlight Capital Re Ltd., announced an investment in AuditCover Australia Pty Ltd., a tax audit insurtech.The amount of the investment was not disclosed. AuditCover is an...
Mar 15 2022 // An Australian court on Tuesday overturned a groundbreaking ruling from last year that required the country’s environment minister to consider harm to children from climate change as part of the approval process for a...
Mar 14 2022 // Australia and the Netherlands started legal proceedings against Russia over the downing of Malaysia Airlines Flight MH17, more than seven years after the deadly crash.The move, at the International Civil Aviation...
Mar 9 2022 // Australia’s Prime Minister Scott Morrison conceded that a changing climate is making the country a more difficult place to live as he declared recent destructive flooding on the east coast a national...
Mar 4 2022 // Property and auto insurers in Australia have received 60,163 claims related to the ongoing disastrous flooding in South-East Queensland and New South Wales. Based on previous flood events, the Insurance Council of...