The ACCC also reported that the cyclone pool has not yet resulted in a significant increase in insurer participation in northern Australia. Since the pool’s introduction, no new insurers have entered ...
At the same time, Australia remains an outlier on catastrophe losses. Adjusted for inflation, extreme weather losses have ...
Amid more extreme weather events, parametric insurance — described as a bet on the weather —is on the rise. It is now being touted as a possible solution for Australians, who have some of the highest ...
Australians are being stung by extreme weather insurance losses five times higher than they were in the 1980s, as those most ...
Nearly eight in ten homes facing severe to extreme flood risk are now not insured. We need to rethink how to keep communities ...
WASHINGTON -- WASHINGTON (AP) — La Nina, the cooler and at times costlier flip side of El Nino, has arrived to warp weather ...
It would take Colorado all of 2 plays to score a touchdown in the second half, as a blown coverage resulted in a 70-yard ...
Australia’s insurance industry is facing an escalating crisis. Extreme weather events are now costing insurers a staggering $4.5 billion annually. This is a sharp increase compared to the past, with ...