NIBA's weekly e-newsletter, Broker Buzz, is packed with the latest industry and product news, regulatory updates, forthcoming events and seminars.
The Insurance Council of Australia (ICA) has announced that along with insurers they will meet with policyholders requiring assistance with their claims in Tropical Cyclone Seroja impacted communities.
Claims managers and assessors will travel to the worst hit towns over four days to meet with their customers. The one-on-one consultations will be held at outdoor venues and will follow Covid-19 safe protocols in Kalbarri, Northampton, Mingenew, and Morawa:
• Kalbarri Tuesday 31 August 10 am to 1 pm
• Northampton Wednesday 1 September 10 am to 1 pm
• Mingenew Thursday 2 September 9 am to 12 pm
• Morawa Friday 3 September 10 am to 1pm
Registration for these sessions is essential for access and you can book an appointment on the ICA website. The ICA also has a virtual one-on-one consultation portal for insurance customers who are unable to attend the consultations next week and need assistance with their claims.
To date, there have been 6,751 claims lodged related to Tropical Cyclone Seroja, with 99.67 percent accepted and more than 46 percent closed. The current estimated loss value is $281 million.
A study by researchers from the University of Wollongong has pointed out that adequate planning could save people’s lives and better protect their homes from bushfires
ASIC has released regulatory guidance to help Australian Financial Services (AFS) licensees to meet new breach reporting obligations
The 2021 NIBA Awards will be held on 28 October 2021 to acknowledge the achievements of brokers and their underwriting partners
NIBA CEO Dallas Booth has urged insurance brokers to review APRA information paper titled Climate Vulnerability Assessment (CVA)