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Insurance Council of Australia

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25.01.2022 Insurance bill for season of natural disasters climbs over $5.19 billion. Read more: bit.ly/3ev0Ter

24.01.2022 The Insurance Council of Australia supports the Minderoo Foundation Fire and Flood Resilience Blueprint. The blueprint is the first of its kind. It brings together public and private sector experts to collaborate on improving Australia’s natural disaster and extreme weather resilience. The data-driven approach and the focus on actionable change aligns with the ICA’s Climate Change Action Committee’s goal of maintaining an insurable Australia in the face of a changing climate. https://www.minderoo.org/fire-and-flood-resilience/ #Resilience2025 #insurance #mitigation #resilience #CCAC #ICA #minderoo

23.01.2022 The Insurance Council of Australia welcomes the announcement made today by the Australian Government to provide funding for natural hazards research over the next decade. The ICA believes that the current Bushfire and Natural Hazards Cooperative Research Centre (BNHCRC) is a world’s-best example of cross-sector collaboration working toward delivering user-driven research. This research has benefitted all Australians who live in areas that are exposed to bushfires and other na...tural hazards. Australians realise the importance of natural disaster research, as it is the research findings that arm our emergency services, planners, builders, developers and communities with the information they need to continue to improve resilience, response and recovery to future natural disasters. The ICA has worked closely with the BNHCRC and looks forward to working with government and other agencies to transition to a new research centre for natural hazard resilience and disaster risk reduction. Statement attributable to Karl Sullivan, Head of Risk & Operations.

23.01.2022 Following recent engagements via the GasFields Commission working group (which includes landholder, gas industry and government groups) convened to discuss the ...landholder liability insurance issue, the Commission is pleased to share this joint media statement prepared by the Insurance Council of Australia, APPEA - Our Natural Advantage, National Farmers' Federation, Queensland Farmers' Federation, AgForce Queensland and Cotton Australia: https://bit.ly/Insurance-Update-2 The #GasFieldsCommission along with all key stakeholder groups will continue to work together and support APPEA and the ICA on this important and shared objective, to resolve this issue in a timely manner to provide comfort and greater certainty to landholders, insurers and the onshore gas industry. #GFCQ #Gas #TheFacts #Farming #Insurance #OnshoreGasIndustry #Sustainable #Coexistence

22.01.2022 The Bureau has confirmed that a La Niña has formed in the tropical Pacific, with climate models suggesting it's likely to remain until at least the end of 2020.... La Niña typically brings: A wetter-than-average spring and summer to northern and eastern Australia; Cooler-than-average days and warmer-than-average nights; Increased tropical cyclone numbers; An earlier start to the monsoon and wet season; Average fire risk; and Less intense but more prolonged heatwaves across southern Australia. But every La Niña event is different. Once La Niña develops it usually finishes the following autumn, but some events have lasted 2 or 3 years. Rainfall can also vary considerably. During the last big event of 2010-2012 rainfall was above average across most of Australia (we saw Category 5 tropical cyclone Yasi devastate far north Queensland communities during this period), whereas rainfall during the La Niña event of 2008-2009 was much more patchy. Read more in our Climate Driver Update: http://ow.ly/ktf650BDUny

22.01.2022 $3.85 billion already paid in natural disaster claims as insurers overcome pandemic upheaval, according to industry data released today by the ICA: bit.ly/34CdaML

21.01.2022 LIVE- COVID-19 update from Australian Government Deputy Chief Medical Officer, Professor Paul Kelly

21.01.2022 Insurance Council fast-tracks new Code of Practice vulnerability and hardship provisions in response to the unparalleled impact of COVID-19. Read more: bit.ly/2WCz64H

20.01.2022 Today’s election commitment by the Palaszczuk Government of $42.5 million towards building the East Bundaberg Flood Levee is positive news for the local community and when completed is likely to reduce the cost of insurance premiums. The levee plan is testament to the hard work done by the Bundaberg Regional Council in developing the mitigation proposal. bit.ly/3iXCC2C

19.01.2022 More information: https://bit.ly/38dOcCS

18.01.2022 The Insurance Council of Australia has cancelled its 2020 Annual Dinner, scheduled for May 7. This difficult decision was made in consultation with ICA Board members. It follows concerns expressed by many delegates about risks associated with attending large public events during the COVID-19 crisis. As the event organiser, the ICA has a responsibility to consider the health of its staff, guests and speakers at its events.

16.01.2022 The Insurance Council of Australia is urging building owners and managers to continue fire protection safety checks and maintenance for commercial, industrial and residential buildings during #COVID19 Read: bit.ly/2JNFEav

11.01.2022 The Insurance Council of Australia looks forward to working closely with Commissioner Shane Fitzsimmons and the newly formed Resilience NSW agency to help communities reduce their vulnerability and bounce back faster when disasters occur. More: bit.ly/2JILtpJ

11.01.2022 The ICA is a proud Future Homes Supporting Partner. We look forward to playing our part in sustainable transformation of the housing market to focus on health and resilience to assist with the transition to a low-carbon economy. Watch: https://spark.adobe.com/video/NwURZQswUyCnp Green Building Council of Australia #green #futurehomes #GBCA #environment #sustainability #sustainable #insuranceindustry #CCAC

11.01.2022 The ICA has declared a Catastrophe for yesterday's Halloween hailstorms in SE Queensland. Media release: bit.ly/35RHMZp Insurers are standing by to handle queries and claims from hail-affected customers. Contact your insurer before you authorise any building works or repairs to make sure it will be covered and take photos of damage to help the assessor.

10.01.2022 The Insurance Council of Australia welcomes general insurance being considered as an essential service during the COVID-19 crisis. This means insurers can continue to work hard to provide services and support to Australians. Read here: https://bit.ly/3amkPih

09.01.2022 What is insurance fraud and why is it important to combat it in Australia? Read more about how the ICA and insurers are actively tackling this criminal activity through the Insurance Fraud Bureau of Australia (IFBA). #insurance #insurancefraud

09.01.2022 Warning: Disaster chasers are already doorknocking homes in SE Queensland after Saturday's storms. They may offer cash repairs, or ask you to sign a contract an...d claim your insurer will pay for everything. Speak to your insurer before you authorise any work. You could be left with poor or no repairs and a massive hole in your bank account as well as your roof. bit.ly/2SVLyeQ See more

09.01.2022 New worksite guidelines ensure builders can continue repairs and rebuilds for insurance customers amid #COVID19. Read more: https://bit.ly/3ayMsoq

09.01.2022 The Insurance Council is pleased to announce Veronique Ingram has been appointed independent chair of the General Insurance Code of Practice's Code Governance Committee. Her term starts on July 1. https://bit.ly/newCodechair

08.01.2022 The Insurance Council of Australia has declared yesterday's hailstorms a catastrophe, with insured losses estimated at $60 million. It said as of 2pm today, i...nsurers had received more than 5000 claims. "About 60 per cent of claims are for damage to motor vehicles, and 40 per cent for damage to houses mainly to roofs, skylights and solar panels, and interior damage to a significant proportion of homes." ICA chief executive officer Andrew Hall said the catastrophe declaration meant insurers would prioritise claims from the hardest-hit suburbs, like Springfield, Rosewood, Greenbank and Boronia Heights.

07.01.2022 Insurance Council launches business interruption test case in NSW Supreme Court: bit.ly/ICABIcase

06.01.2022 The Insurance Council has prepared a handy guide to #insurance during COVID-19. https://lnkd.in/fh672hH

04.01.2022 Insurers set up project to probe coastal erosion threats: bit.ly/3hb2lVg

01.01.2022 The Insurance Council of Australia has cancelled its 2020 Annual Forum. This difficult decision was made in consultation with ICA Board members. It follows concerns expressed by many delegates about risks associated with attending large public events during the COVID-19 crisis. As the event organiser, the ICA has a responsibility to consider the health of its staff, guests and speakers at its events. The ICA will fully refund all tickets and will contact guests shortly with further information. It will investigate options to reschedule the Forum once more is known about COVID-19.

01.01.2022 The new 2020 General Insurance Code of Practice includes provisions for customers experiencing vulnerability. Insurers are focused on ensuring they are ready to help all customers, including those who are experiencing financial hardship, vulnerability and family violence during the COVID-19 pandemic. Visit your insurer’s website for details.... Visit the Code website to learn more about the General Insurance Code of Practice http://codeofpractice.com.au/