Firefighters battling some of the most destructive wildfires to ever strike Australia’s most populous state were bracing Saturday for worsening conditions, with higher temperatures and winds expected to intensify the danger in the coming days. In the Blue Mountains west …
Concern over sports-related concussions has moved Down Under, where one of the country’s top former Australian rules football players says he has a degenerative brain disease after sustaining four serious head injuries during his career. Representatives from the four main …
According to catastrophe modeling firm AIR Worldwide, with 1-minute sustained winds of 136 km/h and gusts to 170 km/h, Tropical Cyclone Rusty came ashore as a severe tropical cyclone—a category 3 storm by the Australian system of cyclone classification (approximately …
Insurance companies have been working hand in hand with the Tasmanian Government this week to help bushfire victims start rebuilding their lives. As of today, insurers have received 1783 claims, with insurance losses estimated at $86.7 million. About 85 percent …
Torrential rain over the weekend flooded several towns in eastern Australia, and three deaths were reported Monday. Downtown businesses in the Queensland state capital Brisbane were inundated while 1,200 properties were flooded by record-high waters in the city of Bundaberg …
Around 23,000 Chinese-made cars are being recalled in Australia after asbestos was found inside engine and exhaust gaskets. The Australian Competition and Consumer Commission said Wednesday that car importer Ateco Automotive ordered dealers to stop selling the affected vehicles by …
Catastrophe risk modeling firm AIR Worldwide (AIR) has expanded its suite of catastrophe models for Australia with the release of the industry’s first probabilistic bushfire model and updated tropical cyclone and earthquake models. The AIR Bushfire Model for Australia captures …
According to a bulletin on its web site, the Insurance Council of Australia has released updated figures on “how the general industry has responded to the enormous task of assessing over 118,000 insurance claims received as a result of the …
Specialist insurer Amlin plc has released initial estimates of the impact of the 2011 New Zealand earthquake, the Japanese earthquake and the 2011 Queensland floods. The bulletin described the 2011 New Zealand earthquake as a “major catastrophe with market loss …