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Australian insurers are well-capitalized and should be able to withstand losses from the 2019/2020 bushfire season, aided by strong capital positions and support from reinsurance partners, said AM ...
The Insurance Council of Australia (ICA) has declared a catastrophe for damage caused by hailstorms that struck eastern Melbourne, the Australian Capital Territory and parts of New South Wales on ...
Australian wildfires that have razed thousands of homes and blackened an area about the size of England may also create the nation's first climate refugees. That's the view of Michael Mann, ...
The New South Wales and Victorian state governments will coordinate the clean-up of insured and uninsured residential and commercial properties destroyed in the deadly wildfires. Under the plan, the ...
After weeks of criticism over the handling of the bushfires scorching Australia, Prime Minister Scott Morrison said on Sunday he will propose a national review into the response to the disaster, as ...
Australia's bushfire season has months to run and could easily surpass the most costly fire season, 2009's Black Saturday fires in Victoria, which had a price tag of an estimated A$4.4 billion (US$3 ...
As the devastation from Australia's bushfires widens, the insurance industry is calling for concerted action to mitigate the impact of climate change. Months of out-of-control fires have burnt an ...
Australia's deadly bushfire crisis is affecting some of the nation's biggest companies including dairy producer Bega Cheese Ltd. and airline Qantas Airways Ltd. Bega led declines on the benchmark ...
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