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Weather woes: the real cost of Australia's extreme weather
The latest data from the Insurance Council of Australia (ICA) sheds light on just how much extreme weather has been hitting our wallets.
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Insurance products need redesigned to be abuse-proof, says CWES
A new report from the Centre for Women’s Economic Safety (CWES) is tackling domestic violence from an unexpected angle: the insurance industry. The report suggests that by redesigning insurance products, we can provide a new layer of protection for women against financial abuse, a subtle yet damaging aspect of domestic violence.
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Understanding Australia's rental squeeze and its impact on your renter’s insurance
Australia's rental market is tighter than ever, with a new report from Domain showing the vacancy rate hitting an all-time low of just 0.7% in February 2024. What does this mean? Simply put, finding a place to rent is getting harder, with fewer available properties than we've seen in a long time.
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Rising home values can mean rising replacement costs: is your insurance affected?
CoreLogic's latest figures signal a continued upward trajectory for house prices, with the national Home Value Index climbing by 0.6% in February, marking the most significant leap since last October.
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With asbestos back in the spotlight, we thought we'd explore its home insurance implications.
Asbestos has unexpectedly reared its ugly head in Sydney, with parks around the city being fenced off due to the discovery of asbestos-contaminated mulch. This situation, while primarily a public safety issue, offers a timely opportunity to exploring how home insurance deals with asbestos in various contexts.
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Here's how insurance companies can address consumers' biggest concerns
Insurance often finds itself at the centre of frustration when it comes to finances. In fact, a recent report by the Australian Financial Complaints Authority (AFCA) shows that comprehensive car insurance and home insurance are high on the list of consumer grievances, only surpassed by credit cards and personal transaction accounts.
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Rising tides, rising costs: insurance premiums skyrocket in 2023
Insurance prices have seen their sharpest rise since March 2001, as indicated by the latest ABS Consumer Price Index (CPI). The 16.2% surge in insurance prices in the year leading up to December 2023 is almost four times greater than the overall rate of inflation, which stands at 4.1% for the same period.
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Cyclone Kirrily: Your comprehensive list of emergency resources
With Cyclone Kirrily on track to hit Queensland this week, residents are bracing for another major weather event, all too soon after being battered by Cyclone Jasper. Strong winds and widespread flooding are among the expected threats, prompting cautious preparations across the state.
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2024 home insurance in Australia: trends and predictions
Heading into 2024, the home insurance market in Australia is undergoing some exciting changes. This year brings a blend of technological innovation and a stronger focus on climate resilience, reshaping the way Australians protect their homes.
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NSW to scrap emergency services levy on home insurance, potentially saving you hundreds
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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