All the headlines from our Australia Topic Page, ordered by recency.
Jul 21 2020 // The industry loss footprint for the January 2020 Australian hailstorms, which occurred Jan. 19-21, 2020, are estimated at A$1.8 billion (US$1.3 billion), according to PERILS, the independent Zurich-based organization that...
Jul 15 2020 // More than 200,000 Brazilian people and groups will next week kick off a 5 billion-pound ($6.3 billion) lawsuit against Anglo-Australian miner BHP in Britain over a 2015 dam failure that led to Brazil’s worst...
Jul 7 2020 // The insurance industry’s loss footprint for the Australian bushfires of 2019/2020 is estimated at A$1.9 billion (US$1.3 billion), according to PERILS, the independent Zurich-based organization providing industry-wide...
Jun 30 2020 // SYDNEY – Australia will spend A$1.35 billion ($926.1 million) over the next 10 years to boost its cyber security defenses, Prime Minister Scott Morrison said on Tuesday, as Canberra seeks to combat a wave of attacks.The...
Jun 19 2020 // Australia’s government, health and education services and various industries are being targeted by sophisticated state-based cyber attacks, Prime Minister Scott Morrison said Friday.Morrison said that while the...
Jun 18 2020 // Economic growth can be boosted, jobs can be saved or even created and greenhouse gas emissions can be cut if we take advantage of the worldwide changes that have occurred as we hunkered down in response to the COVID-19...
Jun 12 2020 // Global insurance companies linked to Adani’s Carmichael coal mine in Australia are distancing themselves from the controversial development, as pressure mounts on financial institutions to cut their ties to the...
Jun 9 2020 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of CA Insurance Brokers in Australia.Terms of the transaction were not disclosed. Founded in 2002 by Andrew Howard, CA...
May 28 2020 // The cost of insurance claims from four natural catastrophes during Australia’s 2019-2020 summer has passed A$5.19 billion (US$3.44 billion), said the Insurance Council of Australia (ICA).Thousands of new claims and...
May 27 2020 // A coronavirus cluster was detected Tuesday on a freight ship berthed in the Australian west coast port of Fremantle, raising questions about why local authorities weren’t alerted to the danger.Six of 48 crew members...
May 27 2020 // Tens of thousands of homes and businesses lost power, buildings were battered and trees were uprooted as a vast stretch of the west Australian coast was whipped by a severe storm on Monday for the second straight day.No...
May 26 2020 // Canopius announced the appointment of Craig Elliott as casualty underwriter for the region, effective May 4, 2020.He reports to Claudio Saita, head of Australia & Pacific, and is based in the company’s Sydney...
May 22 2020 // The Australian government is tightening regulatory scrutiny of wealthy litigation funders, clamping down on the industry following a surge in costly class action lawsuits.Treasurer Josh Frydenberg said on Friday that...
May 6 2020 // An explosion halted production on Wednesday at a coal mine run by Anglo American in Australia’s northeastern state of Queensland, injuring five people just months after a review of the industry called for better...
Apr 28 2020 // PERILS AG, the independent Zurich-based company that provides industry-wide catastrophe insurance data, has released its Industry Exposure Database 2020.The database contains up-to-date information about property sums...
Apr 15 2020 // The owners of AmGeneral Insurance Bhd., Malaysia’s second-biggest auto insurer, have restarted a sale process and are seeking as much as $1 billion for the company, people with knowledge of the matter said.Kuala...
Apr 14 2020 // Australia’s Westpac Banking Corp said it expects a A$900 million ($578 million) fine over accusations it enabled millions of illegal payments including between known child sex offenders, the first time it has put a...
Apr 8 2020 // Australian insurer IAG announced that Peter Harmer, managing director and chief executive officer, plans to retire by the end of 2020.A flexible nine-month period of transition has been agreed with Harmer to ensure a...
Apr 7 2020 // Australia’s prudential regulator on Tuesday asked banks and insurers to consider deferring dividend payouts or use buffers like dividend reinvestment plans until the impact of the coronavirus pandemic is better...
Apr 6 2020 // Berkshire Hathaway Specialty Insurance (BHSI) announced that it has launched Professional First Technology Liability Insurance policies in Australia and New Zealand. Both policies offer broad, customizable professional...