In a landmark move, the New South Wales government, led by Premier Chris Minns, has announced a major shift in how emergency services will be funded, promising to replace the levy on home insurance with a wider, state-wide contribution method.
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Two-thirds of Aussies are impacted by natural disasters, according to recent analysis from professional services firm, KPMG.
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In a recent ruling, the Australian Financial Complaints Authority (AFCA) has sided with an insurance company in denying a lost property claim, basing its ruling on the claimant's refusal to submit phone records to the insurer.
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We’re unfortunately seeing the extreme danger of Aussie bushfires again.
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The cost of home insurance is on the rise and Australians in natural-disaster-prone areas are facing the brunt of the pressure, even resorting to canning their policies altogether.
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Cost of living pressures are catching up to Australian homeowners. Roy Morgan reports that customers are becoming more likely to avoid loyalty tax by shopping around instead of automatically renewing their home insurance policy.
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With the news of bushfires in the Northern Territory town of Tennant Creek, Aussies might be feeling anxious about what’s in store this summer. Especially after fires hit other areas around the globe, including Hawaii, Canada, Algeria and Greece.
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There’s a general distrust of home insurance. After all, “Isn’t it better to save your money for a rainy day instead of spending it on a policy?”
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Having an emergency financial backup plan for your home and valuables just got more expensive, at a time when the cost of living already bites hard.
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A new Actuaries Institute report reveals just how catastrophic natural disasters have been to the cost of living. Home insurance premiums in Australia surged 46% in the last year, primarily due to frequent, dangerous, and costly floods and cyclones.
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