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The Latest Breaking News from Andrew Hall

'Perfect storm' drives up the cost of natural disasters

A new report has put a dollar figure on the impact of Australia's droughts and flooding rains, with the situation expected to worsen as the world gets warmer.

AAP

Car theft claims skyrocket in one state, fall in others

Car theft claims are soaring to record levels in one Australian state while falling in all others, prompting concern amongst insurers.

AAP

Flood victims wait in hope for future-proof solutions

Flood victims are crying out for solutions to help prevent the further decimation of their communities by future extreme weather events.

AAP

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NSW floods: estimated 10,000 properties damaged after deadly flooding as communities face ‘mammoth task’

SES warns the ‘worst impacts that people feel are often after the event’ as areas reel from ‘devastating’ floods

The Guardian - AU

Cyclone Alfred damage bill to rain on insurer's parade

Insurance claims for damage linked to ex-tropical cyclone Alfred and earlier record flooding in north Queensland have almost reached $1.5 billion, data shows.

AAP

‘Still some fuel in the tank’: the perks and perils of launching a business after 60

Growing numbers of older people are creating enterprises in everything from baking to biodiversity – but does the freedom make up for the graft?

The Guardian - UK

Industry deflects blame as car insurance premiums soar

Car insurance premiums have soared in recent years but the industry insists it's doing its part to reduce costs and wants government to step in.

AAP

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'Insurance catastrophe' declared, 3000 claims so far

Thousands of insurance claims have been made during ex-tropical cyclone Alfred's assault but its still early to estimate the total damage bill.

AAP

Peter Dutton says he has the answer to rising insurance premiums. So how would divestiture work?

Coalition leader says Australians are being ‘ripped off’ and the Greens agree the industry needs a shake-up

The Guardian - AU

Train derailed at 85mph after workmen left piece of track in 'hazardous' position

The South Western Railway train was carrying around 100 passengers at the time of the collision in Walton-on-Thames in Surrey

Evening Standard

Climate risk main reason premiums are rising: insurers

Breaking up big companies is no silver bullet to keep insurance premiums affordable, the sector says.

AAP

Embattled casino operator Star offered $650m lifeline – as it happened

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The Guardian - AU

‘People are paying too much’: Coalition could break up big insurance companies, Dutton says

Opposition leader says more competition needed as growing numbers unable to afford home and car insurance

The Guardian - AU

Mecca for audio buffs to close after 51 years of subwoofery

Duratone Hi-Fi will shut its doors this weekend.

The Canberra Times

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AAP

'Broken' insurance claim system hurting Australians

Insurers have faced a grilling about poor practices against vulnerable Australians who lost everything in devastating floods.

AAP

Insurance Council warns higher prices 'baked in'

The Insurance Council of Australia chief says households and businesses are feeling the squeeze, with more people forced to forego or reduce insurance coverage.

AAP

Widespread floods exposed insurance industry failings

A review of the response by insurers into the widespread and catastrophic flooding on the nation's east coast has found multiple weaknesses in the industry.

AAP

Call to build homes to defy climate, save $4b a year

As floods, cyclones and bushfires become more ferocious, costs to home-owners could double by 2050 without changes to the construction code, an analysis shows.

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The Guardian - AU

Australia must urgently adapt to extreme weather or face soaring premiums, insurers warn

Exclusive: Assistant treasurer says insurers warned government ‘you’ve got five years’ to reduce vulnerability to climate crisis

AAP

Insurance 'under pressure' from extreme weather events

Australia's top insurers are heading to Europe for talks to tackle a widening "protection gap" as more frequent severe weather brings a heavy toll worldwide.

The Guardian - AU

Cyclone Tracy caused $200m of damage. A repeat now would cost $7.4bn, Australian insurers say

The estimate exceeds $6bn paid out by insurers for Australia’s costliest disaster, the 2022 NSW and Queensland floods

The Guardian - UK

Dairy farmers quit in fury amid UK price squeeze and rising costs

While supermarkets slash the price of milk, soaring energy bills and labour shortages are endangering the industry’s future

The Independent UK

I might miss flight home if West Ham win European title, says fan in Prague

Thousands of fans have travelled to the Czech capital for the final between the Hammers and Fiorentina.

ABC News

Extreme weather cost insurers almost $1bn in 2022, now small businesses face premium hikes

The Insurance Council of Australia says extreme weather events are helping to push up premiums. They are also pushing many small business owners in Queensland to the brink.

Daily Record

DCI Banks actor Stephen Tompkinson found not guilty in assault trial

The DCI Banks actor was accused of punching a man to the ground outside of his home.

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