Analysis

GlobalData predicts premium rates in Australia will continue to rise, leading to underinsurance and non-renewal of policies as customers struggle to afford their coverage.

There is difficulty attracting and retaining employees with digital skills and professional employees, and more than 60% are having problems hiring and keeping hourly employees.

Insureds need to consider the cost to rebuild a home if it is destroyed when determining its insured value.

Insurers have prevailed in numerous business interruption lawsuits for pandemic-related losses.

Natural disasters caused global losses of $65 billion in the first half of 2022, says a new mid-year report from Munich Re.

VTL §388 ensures that victims of accidents involving a vehicle owned by a person but driven by a non-owner could seek financial redress for their injuries.