All the headlines from our Australia Topic Page, ordered by recency.
Jan 19 2011 // Insured losses from the recent flooding in Australia could top $6 billion, and earnings estimates for Bermudan reinsurers are at risk as a result, Barclays Capital said Tuesday.Barclays analyst Jay Gelb cited early...
Jan 18 2011 // Floods that ravaged Australia’s northeast and swamped a major city could be the country’s most expensive natural disaster ever, the government said Monday.Flooding inundated new areas in the south Monday, where...
Jan 14 2011 // Australia’s third-largest city started cleaning up stinking mud and debris on Friday after some of the country’s worst floods on record, but in a sign of the task ahead, it could take six months to pump flood...
Jan 12 2011 // Massive floods shut down the centre of Australia’s third-largest city, sent thousands fleeing from their homes and sparked panic buying of food on Wednesday as rescuers searched for 43 people missing in...
Jan 12 2011 // The devastating floods in Queensland state that forced evacuation in Brisbane, Australia’s third-largest city, are expected to be a near $1 billion event for insurers, though reinsurance is seen covering more than...
Jan 11 2011 // Australia’s mining industry has borne the brunt of the economic impact from massive floods in Queensland state, but agriculture, construction, transport, tourism and retail have also been hit.Following is a list of...
Jan 11 2011 // Authorities urged thousands of residents to leave the outskirts of Australia’s third largest city on Tuesday as others sandbagged homes and stockpiled food in anticipation of rising floodwaters and further heavy...
Jan 10 2011 // Residents in Australia’s third largest city, Brisbane, sandbagged their homes against rising waters on Monday as torrential rain worsened floods that have paralyzed the coal industry in the northeast and now threaten...
Jan 7 2011 // Australia’s flood-stricken coal industry may be disrupted for months after key rail and road links were washed away, while some infrastructure could take years to repair, authorities said on Friday.The floods have...
Jan 7 2011 // Bermuda-based Omega Insurance Holdings Limited, which is also a leading LLoyd’s insurer, has issued a revised estimate of the losses it expects to incur from claims related to the earthquake, which struck New Zealand...
Jan 5 2011 // Swiss Re has obtained another $170 million in protection through the Successor X Ltd. catastrophe bond program, covering Australia earthquake, North Atlantic hurricane and California earthquake risks.“The combination...
Jan 5 2011 // Australia’s record floods are causing catastrophic damage to infrastructure in the state of Queensland and have forced 75 percent of its coal mines, which fuel Asia’s steel mills, to grind to a halt,...
Jan 4 2011 // Military flights rushed Monday to restock an Australian city before it is cut off by floodwaters that have turned a huge swath of the Outback into a lake, while police confirmed two more deaths in the crisis.Drenching rain...
Dec 30 2010 // The military flew out a town’s entire population of 300 people by helicopter Wednesday in eastern Australia where waters continued to rise after days of drenching rain.A total of 1,000 people were evacuated from the...
Dec 29 2010 // Heavy rains and flooding in Australia’s key coal-producing Queensland state have impacted mining operations and brought parts of the coal infrastructure, including rail and ports, to a standstill, operators said on...
Dec 28 2010 // Japan’s Dai-ichi Life Insurance Co said it would buy the shares it does not already own in Tower Australia Group Ltd for 99.6 billion yen ($1.2 billion) as it seeks expansion overseas.Japan’s No.2 life insurer...
Dec 15 2010 // Droughts and deluges in Australia, snow in Europe and cold snaps in the United States are pushing up prices of a range of commodities from sugar to heating oil and soybeans.Australia typically ranks as second in the league...
Nov 8 2010 // Australia’s Qantas Airways has grounded its A380 fleet for at least another three days as it investigates oil leaks as a possible cause of the explosion which tore apart one of the super jumbo’s engines last...
Nov 4 2010 // Qantas Airways suspended flights of its Airbus A380 fleet on Thursday after engine failure triggered an emergency landing in Singapore, one of the most serious incidents for the world’s largest passenger plane in...
Oct 28 2010 // Insurance Australia Group Limited (IAG) Managing Director and CEO, Mike Wilkins has advised the Group’s shareholders that, after the completion of the first quarter of its fiscal year, IAG was on track to meet its...