As the cleanup from last weekend’s severe storm continues around Sydney, the Insurance Council of Australia has described the Saturday afternoon deluge of hail and thunder as a “catastrophe”.
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As a number of devastating bushfires continue to rage across New South Wales having already destroyed 30 homes, all four major banks have introduced relief packages for customers affected by the fires.
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The home insurance industry has received a huge vote of confidence from Australian consumers according to a new study, with 80.7% of policyholders feeling satisfied with their insurance.
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Startups around the world are shaking up the insurance industry by engineering new peer-to-peer platforms, allowing customers to take charge of their own insurance policies, premiums and claims.
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