ICA

Tasmania maintains 'insurance tax' as Fire Services Levy reform put on ice

February 14 2024

Fire Services Levy reform hits standstill, leaving state as Australia's last to tax insurance for emergency services funding.

ICA CEO apologises for 2022 flood response shortcomings, promises improvement

February 5 2024

At Parliamentary inquiry, Hall said some claims 'were not handled to the standard our industry strives to achieve,' but added that industry leaders were committed to improvements.

RAA Chief Executive Tara Page joins ICA Board

February 1 2024

Page joins Insurance Council of Australia's board as Non-Executive Director.

ICA calls for AU$500m annual fund for flood risk mitigation

January 31 2024

ICA's Pre-Budget submission call for AU$500m (US$329m) in flood-mitigation funding and extension of the Disaster Ready Fund, among other initiatives.

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Insured losses from Cyclone Jasper and Christmas and New Year storms hit AU$743m: ICA

January 24 2024

AU$202m (US$133m) of industry losses estimated from Jasper and AU$541m (US$357m) from Christmas/New Year storms, as QLD prepares for another cyclone to make landfall this week.

Gold Coast bears brunt as ICA declares 'Insurance Catastrophe' for Christmas storms

December 29 2023

QLD, NSW, and VIC claims surge past 18,000 with Gold Coast accounting for over 10,000.

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Cyclone Jasper: Over 3,800 claims lodged as ICA upgrades event to 'Insurance catastrophe'

December 21 2023

The ICA has classified ex-tropical Cyclone Jasper as an Insurance Catastrophe to fast-track support for thousands in Far North Queensland, with assessors and claims specialists already deployed.

Insurance Council of Australia declares Tropical Cyclone Jasper a 'significant event'

December 18 2023

Classification will trigger emergency assessments and support for affected regions from Innisfail to Hope Vale.

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Regulatory reform will allow Australian insurers to provide more personalised advice

December 7 2023

Financial advice overhaul will provide life and general insurers the opportunity to employ new class of "qualified adviser".

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60% of young Australians consider overseas travel without insurance

December 6 2023

ICA survey reveals that a significant number of Aussies putting themselves at risk while travelling overseas.

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