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Musk Calls Australian Government ‘Fascists’ Over Misinformation Law
Sep 16 2024 // Elon Musk, owner of social media platform X, on Friday [Sept. 13] called Australia’s center-left government “fascists” over proposed legislation to slap fines on social media firms for failing to prevent...
Australia’s Agile Launches New Zealand Unit to Support Its New Lloyd’s Syndicate
Aug 30 2024 // Agile Underwriting Services, the Sydney, Australia-based insurtech, managing general agent, and Lloyd’s coverholder, has launched a unit in New Zealand, which Agile described as the first of its kind for a...
Australian Homeowners Struggling to Afford Insurance as Climate Risks Grow: Report
Aug 26 2024 // Home insurance is becoming unaffordable for a growing number of Australian households as increased climate threats drive up their premiums, potentially putting billions of dollars in mortgage loans at risk, a report said...
Unseasonal Winter Heat Across Australia Raises Wildfire Risks
Aug 22 2024 // Australia is facing elevated wildfire risks months ahead of the summer fire season, as an unusually warm winter scorches parts of the continent and threatens to set temperature records. Heat is forecast to bake vast areas...
Australian Insurer IAG Says Rise in Claims, Third-Party Costs to Push Up Premiums
Aug 21 2024 // Insurance Australia Group said on Wednesday it expects premiums to keep rising because of a huge jump in loss claims and third-party costs for home and automobile repairs, sending its shares more than 3% lower. IAG said...
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