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News
IUMI warns of hidden cargo insurance costs
5+ day, 8+ hour ago (394+ words) The International Union of Marine Insurance (IUMI) has published new guidance highlighting an often-overlooked risk for marine cargo insurers - non-compliant wood packaging material, the pallets, crates and dunnage used to ship goods internationally, and the disruption that follows when regulators…...
ABI backs Chancellor's 25% regulation cut pledge
6+ day, 10+ hour ago (242+ words) Chancellor John Healey delivered his first major speech since taking over the Treasury in July, using an address at the Manufacturing Technology Centre in Coventry to set out a growth agenda ahead of the October Budget. He pledged to "draw…...
Commonwell's L.E.A.F. fund reopens with $400,000 as demand nearly doubles
1+ week, 4+ day ago (312+ words) The Commonwell Mutual Insurance Group will open applications for its 2026 Learning and Engagement Accelerator Fund (L.E.A.F.) on September 8, offering $400,000 to community-led projects across its Eastern, Central and Western Ontario operating region. Applications close October 30, with recipients announced in December. Tim Shauf,…...
Tax hikes coming, say new reports - what it means for insurance professionals
1+ week, 4+ day ago (872+ words) Andy Burnham used his first Prime Minister's Questions on Tuesday to refuse, twice, to rule out raising taxes or borrowing more at next month's Budget. It came on the same day UK government borrowing costs hit their highest level since…...
APRA's chair just linked AI to cyber risk. World's top regulator just said the same thing
2+ week, 30+ min ago (221+ words) Launching APRA's 2026-27 Corporate Plan at a media conference on 19 August, chair John Lonsdale told reporters that rapid developments in frontier AI had further heightened the cyber threat facing APRA-regulated entities, listing it alongside geopolitical risk as one of the biggest…...
US-Canada tariff war escalates as Ottawa hits back with $20 billion tariffs
2+ week, 6+ day ago (469+ words) Canada has announced retaliatory tariffs on $20 billion worth of US imports, adding another layer of cost and supply-chain uncertainty for businesses operating across the US-Canada border and potentially widening the risk conversation for commercial insurance brokers. The measures, announced Tuesday…...
Trade talks collapse: What it means for trade credit insurers and exposed brokers
3+ week, 13+ hour ago (418+ words) US-Canada trade negotiations collapsed Friday night, and 50% tariffs on roughly $20 billion of Canadian goods took effect at midnight. Canada is retaliating dollar for dollar starting September 8, targeting US steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics. For trade…...
Five heatwaves, flash floods, and a 3.9% rise in rebuild costs - the case for reviewing sums insured
3+ week, 3+ day ago (472+ words) Insurance Business Five heatwaves, flash floods, and a 3.9% rise in rebuild costs - the case for reviewing sums insured Seven in 10 flood claims are now surface water events. Rebuild costs rose 3.9% to July 2026. A sum insured set two years ago may…...
Firefighters' income cover shrinks after claims outpace premiums
3+ week, 3+ day ago (807+ words) New Zealand's firefighters have long pointed to their union-run income protection scheme as one of the more generous group covers in the country. That scheme is now being repriced after claims outpaced premiums, and the changes taking effect on September…...
Inside the format ANZIIF built to avoid another panel-heavy conference
3+ week, 4+ day ago (108+ words) Where most conferences build their agenda around panels, ANZIIF has stripped that back to one. "We only have one panel in the whole event - on technology, on the second day as a breakout," Shanks said. Every other session is a…...