New development in Victoria's highest-risk flood areas will generally be off the table under the Victorian Government's new mandatory flood planning provisions, welcomed today by the Insurance Council of Australia.
The Insurance Council of Australia (ICA) has today submitted its strengthened General InsuranceCode of Practice to the Australian Securities and Investments Commission (ASIC) following extensiveconsultation with consumer groups, regulators, government and general insurance providers.
Australia is 50 days out from a summer that could bring the strongest El Niño on record, and insurers and support organisations are in Canberra this week with a clear message: the time to reduce disaster risk is now.
Insurers will revisit Clifton later this month to meet with policyholders impacted by the severe hailstorm that impacted the region in early November 2025.
Insurance bodies representing Australia, the United Kingdom, Canada and New Zealand gathered in London today to announce the formation of the Four Nations Insurance Alliance, established to confront the rising risks threatening economic resilience across these four nations.