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In a recent ABC interview with David Iliffe, Australian Prime Minister Anthony Albanese hinted at the creation of a new cyclone industry recovery and resilience program and a potential new standing reserve body to assist in disaster response alongside the ADF and other emergency services.
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Heading into 2024, the home insurance market in Australia is undergoing some exciting changes. This year brings a blend of technological innovation and a stronger focus on climate resilience, reshaping the way Australians protect their homes.
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In a landmark move, the New South Wales government, led by Premier Chris Minns, has announced a major shift in how emergency services will be funded, promising to replace the levy on home insurance with a wider, state-wide contribution method.
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Two-thirds of Aussies are impacted by natural disasters, according to recent analysis from professional services firm, KPMG.
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In a recent ruling, the Australian Financial Complaints Authority (AFCA) has sided with an insurance company in denying a lost property claim, basing its ruling on the claimant's refusal to submit phone records to the insurer.
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We’re unfortunately seeing the extreme danger of Aussie bushfires again.
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The cost of home insurance is on the rise and Australians in natural-disaster-prone areas are facing the brunt of the pressure, even resorting to canning their policies altogether.
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Cost of living pressures are catching up to Australian homeowners. Roy Morgan reports that customers are becoming more likely to avoid loyalty tax by shopping around instead of automatically renewing their home insurance policy.
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With the news of bushfires in the Northern Territory town of Tennant Creek, Aussies might be feeling anxious about what’s in store this summer. Especially after fires hit other areas around the globe, including Hawaii, Canada, Algeria and Greece.
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There’s a general distrust of home insurance. After all, “Isn’t it better to save your money for a rainy day instead of spending it on a policy?”
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