Podcasts about insurance council

An ‘Insurance Catastrophe’ was declared yesterday by the Insurance Council of Australia. More than 9000 insurance claims have already been lodged due to ex-Tropical Cyclone Alfred as of midday today. CEO of the Insurance Council of Australia, Andrew Hall, told Gary Hardgrave on 4BC Drive, "This only come comes about when we can see claims getting up to very high levels and around 9000 claims in a couple of days already." "But that's climbing quickly because people are getting back to their properties and realizing they've got damage." "I think this weather event that we're living through at the moment here in South East Queensland is exactly the sort of opportunity we've got to just get on top of and not do the definition of insanity, do the same thing and hope for a different outcome," Mr Hall continued. See omnystudio.com/listener for privacy information.

On today's REX Daily Podcast, Dom talks with Insurance Council of NZ CEO Kris Faafoi about an insurance industry report into the 2023 North Island weather events (Auckland Anniversary Weekend floods and Cyclone Gabrielle), the number of claims made and the number processed... He talks with WeatherWatch CEO Phil Duncan about Tropical Cyclone Alfred as it heads towards Queensland, the dry areas in NZ and what's in store for March... And he talks with Mandy Bell from Criffel Station about the upcoming Wanaka A&P Show (March 7-8), the new Agri Exchange site and the biggest challenges for the Upper Clutha region at the moment. Tune in daily for the latest and greatest REX rural content on your favourite streaming platform, visit rexonline.co.nz and follow us on Instagram, Facebook and LinkedIn for more.

Dom talks with Insurance Council of NZ CEO Kris Faafoi about an insurance industry report into the 2023 North Island weather events (Auckland Anniversary Weekend floods and Cyclone Gabrielle), the number of claims made and the number processed. Tune in daily for the latest and greatest REX rural content on your favourite streaming platform, visit rexonline.co.nz and follow us on Instagram, Facebook and LinkedIn for more.

The Insurance Council of Australia has unveiled the industry’s policy recommendations for the next Federal Government. The centrepiece of the policy document is called 'Advancing Australia’s Resilience', which is a Flood Defence Fund, a $30.15 billion investment over 10 years to protect Australia's most at-risk catchments in Queensland, New South Wales and Victoria. ICA CEO Andrew Hall told Peter Fegan on 4BC Breakfast, "The problem with flood insurance in Australia and around the world, we're not the only jurisdiction that faces this challenge."See omnystudio.com/listener for privacy information.

It appears more people are looking at downgrading their car insurance, to third party cover, as policy costs continue to rise. Figures from insurance price comparison website "Quashed" shows car insurance is up 7% compared to last year. Generally third party insurance covers someone for damage to other people vehicles and property, but not your own and is cheaper than a full insurance policy. Kris Faafoi from the Insurance Council of New Zealand spoke to Lisa Owen.

Rising premiums are pushing more people into considering third party car insurance. The average quote for comprehensive car insurance on comparison website Quashed has increased 41 percent in the past two years. Insurance Council CEO Kris Faafoi says newer cars have more technology attached to them - which contributes to the rising insurance costs. "It depends on the individual situation - the cost of the car, who's driving it, where you're parking it, where you are. These are all factors, but it became more expensive to insure them because fixing them is more complex." LISTEN ABOVESee omnystudio.com/listener for privacy information.

Rising premiums are pushing more people into considering third party car insurance. The average quote for comprehensive car insurance on comparison website Quashed has increased 41 percent in the past two years. Insurance Council CEO Kris Faafoi says newer cars have more technology attached to them - which contributes to the rising insurance costs. "It depends on the individual situation - the cost of the car, who's driving it, where you're parking it, where you are. These are all factors, but it became more expensive to insure them because fixing them is more complex." LISTEN ABOVESee omnystudio.com/listener for privacy information.

We've seen floods in Europe, fires in California and in the last couple of years, weather events here at home. As of the 1st of September 2023, insurers had paid out $2.053 billion on claims relating to the Auckland Anniversary flood and Cyclone Gabrielle. That's expected to increase to $3.5 billion once all claims are settled. Two weather events, one small country, $3.5 billion. And represents the vast majority of insured losses recorded in the Asia Pacific region for the first half of 2023. Insurers keep announcing they've broken new records for pay-outs. Data released by the Insurance Council of Australia last year shows that the impact of extreme weather on the Australian economy has more than tripled over the last three decades. A couple of years ago, the Insurance Council of New Zealand reported that the total amount paid out by insurers for weather related claims in 2022 had reached a record-breaking $335.58 million. A staggering sum, a huge amount. And then along came the Anniversary floods and Cyclone Gabrielle and made the previous year's payouts look like chump change. $335.58 million - staggering amount of money - hello $3.5 billion. It can't go on, its unsustainable. Insurers can and have put up their premiums, but there comes a point where people can't or won't pay those premiums. Home insurance premiums rose by an average of 21.2 percent between September 2022 and 2023 quarters. Should home insurance become unaffordable, and this has happened in other parts of the world, both unaffordable and unavailable - there may be pressure for Government intervention. That's already happened in the UK and in parts of the US, for risks that private insurers have come to regard as unaffordable in certain areas. Mind you, I don't know how willing the taxpayer would be to insure homeowners whose homes have been deemed uninsurable by private companies. That's just your home insurance. What about the rising cost of health insurance? Income protection insurance? Life insurance? Car insurance? A story out today shows more people are considering changing their car insurance policy or switching to third-party coverage as premiums continue to rise. The latest data from insurance comparison website Quashed shows the average quote for comprehensive car insurance has increased 41 percent in two years. Average quotes for home and contents insurance have risen 31 percent over the same period. And according to Quashed, more users are looking into other options, including third-party as they face a conundrum between cheaper premiums and greater coverage. So what do you do when the household budget is tight? Or when there are increasing pressures upon it, what gives? Say you're a young couple, two kids, car and a big mortgage. What do you do? What insurances do you pay - or what has to give? Do you keep up the life insurance payments so that if heaven forfend one of you dies, the other isn't left with dreadful grief, parentless children and a $500K mortgage? Do you keep up the income protection, which is incredibly expensive? So that if you get ill and you can't work, you won't lose your home and your business? Do you give up the health insurance because you're a young couple and you've got two young kids and hopefully you'll be fine? Do you go to third party with the car? When you retire, you don't have to pay income protection anymore - so do you keep up the life insurance? Do you pay the premiums as a gift to the next generation coming up? Or do you spend it in the here and now? What do you do? Insurance is there just in case, it's an investment that you hope you never have to cash in on for most of it. If you have to cash in on your insurance policies, chances are something's gone badly wrong. Is it a nice to have or a must have? LISTEN ABOVESee omnystudio.com/listener for privacy information.

On Thursday's programme we reported that an Australian insurer has been told to scrap a whopping 60 percent hike of a home insurance premium after a customer raised a complaint. The Australian Financial Complaints Authority deemed the premium increase unjustified and unfair. We spoke to Rebecca Styles from Consumer NZ, who said New Zealand's Insurance and Financial Ombudsman is not able to consider such cases - and that there's limited action policyholders here can take when premiums dramatically increase. We also said the Insurance Council of New Zealand had declined to come on the programme. This was incorrect, and we apologise for the error. Insurance Council of New Zealand chief executive Kris Faafoi spoke to Corin Dann.

Kris Faafoi, Chief Exec of the Insurance Council, tells Garth Bray what recent climate events mean for New Zealanders who want to protect their assets. Why have insurance premiums gone up? Are they leveling out? What's the deal with reinsurance? And what does it all mean for homeowners and home buyers? We discuss the growing influence of climate events on insurance availability and affordability and get a revealing look at the future of our insurance sector—and the effects on our biggest investments. For more or to watch on YouTube—check out http://linktr.ee/sharedlunch Brought to you by Sharesies Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own. Shared Lunch is not financial advice. We recommend talking to a licensed financial adviser. You should review relevant product disclosure documents before deciding to invest. Investing involves risk. You might lose the money you start with. Content is current at the time.See omnystudio.com/listener for privacy information.

On the Early Edition with Ryan Bridge Full Show Podcast for Monday 1st of October, The Government has released its action plan for the fourth quarter of the year. ACT MP and Under Secretary to the Minister responsible for RMA Reform Simon Court is on the show to discuss the new targets. The Insurance Council wants people to stop building in “dumb places” where there is a higher risk of a natural disaster. So how do you know you're building in a safe place? Urban planner Bruce Weir speaks to Ryan. Air New Zealand's regional route between Wellington and Invercargill will stop operating from mid-January 2025, how could it impact tourism in the region? Great South's Chief Executive Chami Abeysinghe joins the show. Get the Early Edition with Ryan Bridge Full Show Podcast every weekday on iHeartRadio, or wherever you get your podcasts. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Stop building houses in dumb places. That's the message the Insurance Council is giving the Government. That bit about “dumb places” isn't me paraphrasing, by the way. They're not my words. They're the exact words the Insurance Council is using after the Government confirmed that changes to the Resource Management Act are one of the 43 things in its final quarterly action plan for the rest of the year. And when I heard that, the first dumb place I thought of was New Brighton, in Christchurch. In fact, pretty much anywhere along that eastern coastline, but especially New Brighton and South Brighton. Because I can't understand for the life of me why the city council has allowed building just to keep on keeping on in those areas when it knows that up to $14 billion worth of properties in Christchurch and Banks Peninsula could be at-risk from sea-level rise. We learned about that figure in October last year when the council made a submission to parliament's environment select committee, which is leading an inquiry into climate adaptation. So, the Christchurch council says on one hand there are truckloads of areas that could be inundated because of sea level rise —about $14 billion worth of property— but, on the other hand, says yep, you can build that new house you want to build at Southshore. Or tells developers they can build apartments at New Brighton. And it's just nuts. You'd think we would have learned not to do this years ago after the quakes. Because remember all the head scratching that went on back in 2011 after the big earthquake about why the council had historically allowed building to happen in certain parts of town? Parts of town where things really went pear-shaped after the quakes. But it's coastal suburbs like New Brighton, South New Brighton and Southshore where there's been a lot of talk about inundation because of how the coastal land dropped after the earthquakes. It seems to have been something the Christchurch City Council has preferred to pussy-foot around over. Increasingly so, as time has gone on. I remember speaking to Dr Bronwyn Hayward from the University of Canterbury, who has written some of the reports that have come out from the Inter-governmental Panel on Climate Change, and I asked her if she could understand why we're still putting houses in New Brighton and South Brighton. She said she couldn't understand it at all. Especially, when you consider that the council itself knows that there's $14 billion worth of properties at risk of being inundated. On top of that $14 billion, the council also reckons road and water infrastructure worth about $3.2 billion is at risk of being taken out because of sea level change. But, despite that, the consents department will probably dish out approval for more building in those areas today. I remember meeting a guy who came around to do a TradeMe pick-up a couple of years ago. He'd moved down from the North Island with his family, and they were building a new house in New Brighton. He was really excited about it and I just didn't know what to say to him. So I said nothing. But what I wanted to say was: “Why the hell are you doing that? Don't you know it's going to be underwater at some point?” And we know it is, because the city council has told us. The same city council telling people it's ok to build there. See omnystudio.com/listener for privacy information.

There's a debate over who should be responsible for the consequences of building in high-risk areas. The Insurance Council is asking the Government to ensure natural hazard changes to the Resource Management Act mean people don't build in what it's calling "dumb places". Urban designer Bruce Weir told Ryan Bridge if building on a risky site comes down to personal responsibility, there needs to be a paying factor holding people accountable. Weir says if someone drives drunk they lose their licence and know they aren't insured. He questions why people should be bailed out when it comes to knowingly doing stupid things when it comes to property. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Insurance Council of Australia CEO Kylie MacFarlane joined Gary Hardgrave on 4BC Drive to discuss the demands for the next elected government to abolish stamp duty on insurance premium payments.See omnystudio.com/listener for privacy information.

Chris O'Keefe has grilled the Insurance Council of Australia's general manager of public affairs, Mathew Jones, for the rising insurance costs during a cost of living crisis.See omnystudio.com/listener for privacy information.

Consumer NZ says car insurance premiums have risen by almost 40 percent in the last three years.

Insurance is becoming an increasingly costly purchase for many households. Whether you are looking to insure your house, contents, car – or even your pets – premiums are skyrocketing faster than incomes. It comes at a time when the threats of the climate crisis and natural disasters are leading some people to give up on paying for insurance all together. Former Cabinet Minister Kris Faafoi is the new chief executive of the Insurance Council, and joins The Front Page to discuss how to navigate these soaring costs. Follow The Front Page on iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts. You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network. Guest host: Georgina CampbellSound Engineer: Paddy FoxProducer: Ethan SillsSee omnystudio.com/listener for privacy information.

Home insurance premiums have jumped up almost 25 percent in the past year - about six time faster than income. Insurance Council chief executive Kris Faafoi speaks to Lisa Owen

The cost of insuring a home is rising six times faster than incomes.  Data from Stats NZ show insurance premiums have increased 14 percent in the year to March, while incomes rose just 4.1 percent over the same period. The price of home insurance has increased 24.6 percent, while contents has increased 28 percent – both the biggest increase since the 1980s.  Insurance Council Chief Executive Kris Faafoi tells Mike Hosking a spike in premiums often follows significant events like natural disasters. It is important consumers maintain their level of insurance to protect important things in their life.  LISTEN ABOVE See omnystudio.com/listener for privacy information.

On the Mike Hosking Breakfast Full Show Podcast for Monday the 6th of May, we have the Government's water plan for Auckland, so what could that mean for the rest of the country?    Insurance rates are going up six times faster than incomes so what can we do about it? Kris Faafoi with the Insurance Council speaks to Mike.  Andrew Saville and Guy Heveldt cover the miserable Warriors loss, the Super Rugby and problems with the game on the Commentary Box.  Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts.  LISTEN ABOVE See omnystudio.com/listener for privacy information.

The Insurance Council is backing calls for Kiwis to lift their understanding of the risks of natural hazards. The Reserve Bank has released an excerpt on insurance in its upcoming Financial Stability Report. It says insurers, Government, home buyers and lenders all need to up their knowledge, so that future insurance affordability challenges, can be better managed. Insurance Council chief executive Kris Faafoi says it's likely more places will become harder to insure as more risks are identified. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Insurance Council is backing calls for Kiwis to lift their understanding of the risks of natural hazards. The Reserve Bank has released an excerpt on insurance in its upcoming Financial Stability Report. It says insurers, Government, home buyers and lenders all need to up their knowledge, so that future insurance affordability challenges, can be better managed. Insurance Council chief executive Kris Faafoi says it's likely more places will become harder to insure as more risks are identified. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Hosts ⁠⁠⁠⁠⁠James Benham⁠⁠⁠⁠ & ⁠⁠⁠⁠Rob Galbraith⁠⁠⁠⁠⁠ are joined by ⁠⁠⁠⁠Albert Betts, Executive Director of the ⁠Insurance Council of Texas. Albert shares his expertise and insights on trends, tech and initiatives in Texas Insurance. Learn about industry initiatives in Texas and explore the key factors and technologies influencing rates and ratios in the state. This Episode is sponsored by ⁠⁠Terra⁠. Albert Betts extends an invitation to all listeners for the 2024 Workers' Compensation Conference, where experts and thought leaders in the industry will discuss various topics. James Benham will be a keynote speaker at that conference, and it's geared toward Texas workers' compensation professionals. Find us on social media! We're on ⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠, ⁠⁠⁠⁠⁠⁠Twitter⁠⁠⁠⁠⁠⁠, and ⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠; or follow James on ⁠⁠⁠⁠⁠⁠Twitter⁠⁠⁠⁠⁠⁠!  Subscribe, rate, and comment. As always, Enjoy the Ride & Geek Out!

The departing Chief Executive of the Insurance Council of New Zealand says if Wellington is hit with an earthquake on a similar scale to the Canterbury quakes, it would “raise some questions” on whether NZ insurers would be able to continue to purchase reinsurance at an affordable cost.“I think reinsurers would still be there. But the ability to purchase reinsurance at a good rate and the degree of capacity that would be available, particularly for property in Wellington, could be really challenging,” he says in a new episode of interest.co.nz's Of Interest podcast.“Ensuring how we manage that risk is really critical because we're very dependent on offshore capital and reinsurance to help support our insurance programs in New Zealand.”The Insurance Council says to date, private insurers have incurred over $21 billion in expenses due to the Canterbury Earthquakes.Toka Tū Ake EQC has contributed an additional $10 billion, resulting in a total insured cost surpassing $31 billion for the event. The Insurance Council estimates the overall economic losses for the entire sequence are estimated to exceed $40 billion.This week marks the conclusion of Grafton's nearly 12-year tenure as CEO of the Insurance Council and he reflected on his time in the role on the podcast.He says lessons were learnt from the 2010 and 2011 Canterbury Earthquakes, which were then applied to responses to the Kaikōura earthquake in 2016 and the Auckland floods and Cyclone Gabrielle last year as well.“When that [Kaikōura] earthquake struck, which was just a little bit after midnight, I think, on the 14th November, a lot of people were thrown out of bed almost by the earthquake in Wellington. And after the shaking stopped, I rang my counterpart at EQC Ian Simpson [EQC's Chief Executive at the time] and said, ‘we've got to do better than Canterbury and can we meet in a few hours and work out where we go from here',” he says.“So, within four weeks, we had the foundations of an agreement which enabled insurers to manage and settle claims on behalf of EQC. And that meant that for the customer, there was one point of accountability and responsibility for their claims, their insurer. And so it didn't matter whether it was an EQC claim or an insurer claim, they didn't get bounced around between the two.”“So from that, we then developed a more formal and longer lasting agreement with EQC to be their agents. And I think also the experience of those events from Canterbury through to Kaikōura, meant that when the Auckland anniversary floods and Cyclone Gabrielle came along, we were well seasoned in dealing with these kinds of situations.”Kris Faafoi will be the Insurance Council's new Chief Executive from next week. Faafoi held a number of portfolios during the Sixth Labour Government before he quit politics in 2022, including Commerce and Consumer Affairs, Broadcasting and Media, Immigration and Civil Defence.You can find all episodes of the Of Interest podcast here.

The head of the Insurance Council has described the surge in household insurance premiums as "unusual". RNZ has revealed that household premiums have jumped by more than 30 percent in a year in some parts of New Zealand. Some companies appear to have withdrawn online quotes for entire regions. Insurance Council chief executive Tim Grafton spoke to Ingrid Hipkiss.

The Insurance Council has been meeting in Auckland this week to discuss the challenge of responding to climate change. Speakers agreed that moving away from flood-prone areas is necessary to reduce risk and prevent insurance becoming unaffordable. But opinions were mixed about whether a buy-back scheme for homes in risk-prone areas would work. Maia Ingoe reports.

Insurers want New Zealand to show the world how to safely move communities out of harms' way, as the country adapts to the changing risks of a warming climate. It's roughly a year since Cyclone Gabrielle started lashing New Zealand's shores wreaking havoc across huge swathes of the North Island, particularly Hawke's Bay and Te Tai Rāwhiti. Many homes and vital infrastructure such as roads, bridges, power and telephone lines, were severely damaged. Insurance Council of New Zealand's chief executive Tim Grafton spoke to Ingrid Hipkiss.

The cost of insurance is still stubbornly high, according to the latest data. Figures released by Stats NZ show that inflation is going down, but insurance prices have skyrocketed between 12 and 20 percent in the past year. Insurance Council chief executive Tim Grafton says construction inflation and 2023's significant natural disasters are to blame for these increased costs. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Insurance Council says the cost of insurance in New Zealand has risen by between 12 and 20 percent in the past year. Figures released by Stats NZ on Wednesday, show that inflation has slowed to its lowest level in more than two years, but domestic price pressures remain stubborn. Insurance is one of these pressures, along with rising construction costs and other factors. Insurance Council chief executive Tim Grafton spoke to Ingrid Hipkiss.

Rich is with The Insurance Council of Texas. He joins Hal and Ernie to discuss why rates are going up fast.See omnystudio.com/listener for privacy information.

Latest inflation data from Stats NZ shows insurance premiums are soaring, but is this simply the new norm? Home insurance premiums in the quarter to September are up by more than a fifth year-on-year. Contents insurance was up nearly 19 percent while car insurance was up by more than 10 percent in the same period. The outgoing chief executive of the Insurance Council says high construction costs, severe storm damage and the cost of reinsurance are behind the rises. Tim Grafton will step down from the role next year after 12 years - he has serious concerns over where some houses are being allowed to be built - and says this is one of the biggest questions for the sector.

The outgoing head of New Zealand's Insurance Council has advised Kiwis to stop building in 'dumb' places. Tim Grafton has spent 11 years in the role and overseen the pressure earthquakes, cyclones, floods and climate change are placing on infrastructure. He says building houses in risky locations will put people in harm's way and make it harder for insurance to be readily available. "All of those things combined, we should be thinking smarter about where we build- and not just consenting in dumb, stupid, unintelligent places." LISTEN ABOVESee omnystudio.com/listener for privacy information.

Are you ready to get the inside scoop on auto insurance and road safety, along with some hard-hitting facts about synthetic oil? We sit down with Richard Johnson from the Insurance Council of Texas and Daniel Ambruster from AAA of Texas to unravel crucial insights about their new campaign, Arrive Alive, and the important role of the Insurance Council of Texas. Get set to be enlightened about the alarming rise in auto insurance rates linked to an increase in accidents due to risky driving behaviors. Richard and Daniel spill the beans on research data from Arrive Alive that exposes the demographic most guilty of these dangerous behaviors. But it's not all doom and gloom! We also touch on useful tips about maintaining a great relationship with your insurance agent and switching agents when you need to. Plus, we highlight the significance of regular oil changes, the advantages of synthetic oil over conventional oil, and the most eco-friendly methods to discard old oil in this weeks's Car Clinic.Stay tuned till the end as we also flag off recent recalls for certain Jeep and BMW models and emphasize the importance of road safety.Sponsored by Gulf Coast Auto Shield Paint protection and more!Lupe Tortilla, sponsor Tailpipes & Tacos Lupe Tortilla in Katy, Texas, is host to the quarterly Saturday morning cruise-in!Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.---- ----- Want more In Wheel Time Car Talk any time? In Wheel Time Car Talk is now available on iHeart Radio! Just go to iheart.com/InWheelTimeCarTalk where ever you are.----- -----Be sure to subscribe on your favorite podcast provider for the next episode of In Wheel Time Car Talk and check out our live broadcast every Saturday, 8a-11aCT simulcasting on iHeart Radio, YouTube, Facebook, Twitter, Twitch and InWheelTime.com.In Wheel Time Car Talk can be heard on you mobile device from providers such as:Apple Podcasts, Pandora Podcast, Amazon Music Podcast, Spotify, Google Podcasts, Stitcher, iHeart Radio podcast, TuneIn + Alexa, Podcast Addict, Castro, Castbox and more on your mobile device.Follow InWheelTime.com for the latest updates!Twitter: https://twitter.com/InWheelTimeInstagram: https://www.instagram.com/inwheeltime/https://www.iheart.com/live/in-wheel-time-car-talk-9327/https://www.youtube.com/inwheeltimehttps://www.Facebook.com/InWheelTimeFor more information about In Wheel Time Car Talk, email us at info@inwheeltime.comTags: In Wheel Time, automotive car talk show, car talk, Live car talk show, In Wheel Time Car Talk

Hosts James Benham & Rob Galbraith are joined by Albert Betts from Insurance Council of Texas. James, Rob & Albert discuss about insuring new innovation or set up for commercialization.Find us on social media! We're on Twitter, Facebook, Instagram, and LinkedIn, or follow James on Twitter! Subscribe, rate, and comment. As always -Enjoy the Ride & Geek Out!

Scientists at the National Oceanic and Atmospheric Administration have updated their 2023 Atlantic hurricane season activity predictions to be “above normal” so host Raheel Ramzanali is bringing on Rich Johnson from the Insurance Council of Texas to discuss what things we should all be looking out for right now in our insurance in case a hurricane does hit our city. From home owners to renters, we're breaking it all down!  Insurance Council of Texas  Texas A&M tuition freeze Looking for more Houston news? Then sign up for our morning newsletter Hey Houston  Follow us on Instagram  @CityCastHouston Don't have social media? Then leave us a voicemail or text us at +1 713-489-6972 with your thoughts! Have feedback or a show idea? Let us know!  Interested in advertising with City Cast? Let's Talk! Learn more about your ad choices. Visit megaphone.fm/adchoices

The Insurance Council is welcoming the Government's proposal to fund residential recovery in the wake of the Auckland floods and Cyclone Gabrielle. So far, there have been more than 100-thousand insurance claims for both events, valued at 2-point-8 billion dollars. Yesterday, the Government announced a joint initiative with councils to buyout homeowners whose land can't be rebuilt on. There will also be money for remediation and flood mitigation and protection work ahead of rebuilding for others. So where do insurance companies fit in? Insurance Council chief executive Tim Grafton spoke to Ingrid Hipkiss

Cut ESL: Insurance Council announces campaign for NSW election

Insurers are bringing in extra staff from overseas and warning it will be years before all claims are settled for flood damaged homes and cars in Auckland.   Thousands of homes across the region are flood damaged, in need of repair or rebuilding. The Insurance Council says so far 15,000 claims have been lodged but that's just the start. Amy Williams filed this report.  

Climate change is top of mind for the country's insurance companies. Flooding, droughts, and other climate disasters have dominated the agenda at the Insurance Council's 2022 conference. Felix Walton has more.

Insurance companies are expecting a large number of claims from flood-torn areas in the Nelson-Tasman region. Hundreds of homes are still awaiting assessments in Nelson alone, with nine already red-stickered and considered unlivable. Insurance Council chief executive Tim Grafton spoke to Susie Ferguson.

The Bank of England has warned the UK will fall into recession as it raised interest rates by 1.75% - the most in 27 years. Governor Andrew Bailey said he knew the cost of living squeeze was difficult but if it didn't raise interest rates things would get "even worse". The Insurance Council of Australia has told the BBC that some flood-prone areas might have to be abandoned because the risks are just too high. The Nigerian Broadcasting Commission NBC has fined several partner stations of the BBC in Nigeria for showing a documentary about armed criminal gangs in the northwest of the country. The NBC claims the film contravened the country's broadcasting code.

Private landlords say they don't necessarily want to conduct frequent intrusive inspections of rented properties, but rigid insurance policies require it. Landlords and property managers who take out loss-of-rent policies have to carry out regular inspections to cover their insurance obligations - or risk having a claim rejected. Most insurers require these to be done every three months. The Property Investors Federation says for low risk, long term tenants, this is onerous and unnecessary, and Renters United says such frequent inspections are stressful and and intrusive for tenants. Susie Ferguson speaks with Property Investors Federation President Andrew King; Geordie Rogers, President of the tenants' advocacy group Renters United and Tim Grafton, the Chief Executive of the Insurance Council.

Weather related insurance claims are stacking up and are set to become more common as climate change bears down on New Zealand communities. Just this week there has been widespread flooding in the South Island and water lapping at the front doors of homes in Wellington. Counting the cost of all this is the Insurance Council, and its chief executive Tim Grafton joins Lisa Owen. [embed] https://players.brightcove.net/6093072280001/default_default/index.html?videoId=6309862439112

In this 9-minute Snap Talk from the 2022 IRMI Emmett J Vaughan Agribusiness Conference, Albert Betts, executive director, Insurance Council of Texas, discusses the bevy of risks Texas farmers face. With heat waves, droughts, flooding, tornadoes, and even earthquakes, the Texas landscape is not for the faint of heart.

Business commentator Pattrick Smellie joins Kathryn to talk about the Insurance Council's reaction to the climate change adaptation plan, why the hydro scheme at Lake Onslow has some flaws and Australia braces for an expected interest rate hike.

The floods in South-East Queensland and New South Wales earlier this year were some of the most extreme disasters in Australian history, with the Insurance Council of Australia highlighting the event as the country's costliest flood ever. Dr Robert Glasser speaks to Dr Annika Dean about recent analysis by the Climate Council on the links between climate change and extreme weather events and insurability risks across Australia. Baseline data for the report Uninsurable Nation: Australia's Most Climate Vulnerable Places and the Climate Risk Map was provided by Climate Valuation. All reproduction, aggregations and conclusions drawn from the data are the work of the Climate Council. In September last year, the Australian Government announced it would enter into a trilateral security partnership with the United States and United Kingdom – AUKUS. As part of that partnership, Australia is set to acquire nuclear-powered submarines. Anastasia Kapetas is joined by John Carlson for a conversation on nuclear non-proliferation and whether the submarines can be safeguarded. - Look out for further work on counter-proliferation in the coming weeks as part of a developing collaboration with CSIS in Washington and the Centre for Grand Strategy at King's College London focused on the opportunities and challenges arising from AUKUS. Following a landslide victory, Mr Ferdinand Marcos Jr has been elected as the next President of the Philippines. Dr David Engel speaks to Dr Yusuke Takagi about the geostrategic implications of President Marcos election for the Quad countries, the bilateral relationship between the US and the Philippines, and what China's growing regional influence means for Manila. Mentioned in this episode: ‘Uninsurable Nation: Australia's Most Climate Vulnerable Places': https://www.climatecouncil.org.au/resources/uninsurable-nation-australias-most-climate-vulnerable-places/ Guests (in order of appearance): Dr Robert Glasser: https://www.aspi.org.au/bio/robert-glasser Dr Annika Dean: https://www.climatecouncil.org.au/author/annika/ Anastasia Kapetas: https://www.aspi.org.au/bio/anastasia-kapetas John Carlson: https://vcdnp.org/john-carlson/ Dr David Engel: https://www.aspi.org.au/bio/david-engel Dr Yusuke Takagi: https://www.grips.ac.jp/list/en/facultyinfo/takagi_yusuke/ Music: Free Music Archive: Scott Holmes Music - Digital Age Image: https://nara.getarchive.net/media/chemical-reaction-team-personnel-wearing-nuclear-biological-chemical-nbc-protective-4e51b1