La Niña is now firmly established in the tropical Pacific, with climate modelling from the Bureau of Meteorology (BOM) suggesting severe wet weather and cooling temperatures may persist until early autumn 2022.
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You probably don’t think of insurance as a ‘trendy’ topic – and fair enough, it’s not necessarily the most enthralling topic among the personal finance bunch. But like any area of finance, it has its own quirks and trends that develop over time.
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Earlier this week the Insurance Council of Australia (ICA) extended its declaration of an ‘insurance catastrophe’ in South Australia to include areas impacted by the same storm cell in Victoria and Tasmania.
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With more and more extreme weather events happening in Australia, there is a worry that some homes will become uninsurable. In light of this, a number of insurance companies are advocating for actions including disaster mitigation and resilience measures.
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Got an investment property? Congratulations! From tax breaks to rental income to giving people a great place to live, becoming a landlord certainly has its membership perks.
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If your home tops the list of your most prized possessions, it’s only natural to want to protect it.
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While spring has only just begun to bloom, insurance companies are already considering the costs of damages caused by severe weather, and how prepared people are to manage this during summer storm season.
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‘Above normal fire potential’ has been predicted for south-east Queensland, northern NSW and parts of northern WA this spring.
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A new report from Financial Rights Legal Centre has found many insurance customers aren’t being properly supported when making a claim for property damage due to extreme weather events.
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The NSW government has partnered with KPMG to develop a tool that will measure the quality and insurability of homes in the state. The so-called Building Assurance Solution (BAS) tool aims to provide both home buyers and insurance companies with a trustworthy rating for residential buildings in NSW.
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