Australia Braces for Worsening Bushfires as National Park Burns December 23, 2024 By Amy Bainbridge Fire restrictions are in place across the Australian state of Victoria as one of its most popular national parks burns...
Australia Faces Increased Risk From Bushfires Ahead of El Niño Summer December 4, 2023 By Renju Jose and Cordelia Hsu Australia faces an increased risk of bushfires during the approaching summer, authorities warned on Thursday, with the El Niño weather...
Australia’s Extreme Climate Risks Threaten to Make Home Insurance Unaffordable August 17, 2022 By Swati Pandey Australia’s mounting extreme weather events threaten to make home insurance premiums unaffordable for an estimated 1 million households. On average,...
Australia’s Weather Bureau Declares La Niña for 2nd Consecutive Year November 23, 2021 Australia’s weather bureau said on Tuesday a La Niña weather phenomenon had developed in the Pacific Ocean for the second...
Australia Bushfire Funding ‘Welcome’ but Insurance Tax Rise ‘Unsustainable’: ICA May 21, 2021 The Insurance Council of Australia (ICA) welcomed the budget announcement from the state of Victoria of funding of A$517 million...
Australian Insurers Declare Catastrophe for Perth Hills Bushfires February 5, 2021 The Insurance Council of Australia (ICA) has declared a catastrophe for the Perth Hills bushfires which continue to burn north-east...
Final Insured Losses for Australian Bushfires of 2019/2020 Estimated at A$1.866B January 6, 2021 Insured losses for the Australian bushfires of 2019/2020 rose to A$1.866 billion (US$1.441 billion), according to estimates issued by PERILS,...
Insured Losses for 2019/2020 Australia Bushfires Estimated at A$1.9B (US$1.3B): PERILS July 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...
Australia’s 4 Summer Natural Disasters Cost Insurers More Than US$3.44 Billion 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...
After Australia’s 2019 Floods, Insurers Begin to Bail, Banks Keep Lending March 16, 2020 By Swati Pandey, Carolyn Cohn and Simon Jessop Only a year after losing their homes to floods in parts of Australia’s north eastern coast of Queensland, people are...