News
Insurance brokers in apartment sector reported to watchdog
18+ hour, 53+ min ago (87+ words) AFR Two insurance brokers have been reported to the Australian Securities and Investments Commission this year for failing to disclose conflicts of interest including profit-sharing arrangements with strata managers, following a review by the industry’s independent watchdog. The Insurance Brokers…...
Could housing reform fuel another rent surge?
1+ week, 5+ day ago (70+ words) AFR Reduced investor demand for established properties also means less future supply of rental properties. The prospect of sustained falls in house prices has precipitated alarm in much of the media and financial commentary. This should not be surprising given…...
APRA warns climate change to double insurance premiums by 2050
3+ mon, 2+ week ago (177+ words) By 2050, one in four Australian houses will be uninsured, as rising premiums from climate change make it unaffordable, creating problems for lenders. The annual bill for cleaning up natural disasters caused by climate change will more than double over the…...
‘Wicked problem’: Finding solutions for the looming insurance crisis
9+ mon, 2+ day ago (206+ words) The UK’s Flood Re scheme, which helped four-out-of-five homes with previous flood claims reduce the cost of premiums by more than 50 per cent, is on the radar. Gift 5 articles to anyone you choose each month when you subscribe. Financial Services…...
Home buyer insurance costs to rise under Labor’s deposit guarantee
10+ mon, 2+ week ago (220+ words) House prices will increase and private mortgage insurance costs rise due to the government guarantee on home loan defaults, warns a new economic report. Gift 5 articles to anyone you choose each month when you subscribe. House prices will jump temporarily…...
Insurers and communities brace for decades-long climate crisis
11+ mon, 3+ week ago (219+ words) It is imperative new buildings are made using practices and materials that are purpose-built to withstand an increasingly unforgiving climate. Gift 5 articles to anyone you choose each month when you subscribe. The insurance sector is preparing for a highly volatile…...