Daily
Home buybacks ‘not the only answer’ on flood resilience
03 May 2024
Incentives such as lower premiums are needed to encourage home raising and retrofitting, and buybacks are no silver bullet for resilience, Queensland Reconstruction Authority CEO Jake Ellwood told an event today...
NSW Fair Trading launches strata agency probe
03 May 2024
Strata management agency Netstrata faces a NSW Fair Trading review following the recent media spotlight on its operations...
Truckie pays for posting during workers’ comp fraud
03 May 2024
A truck driver who posted on social media about his new job while receiving weekly workers’ compensation payments must pay $85,000 following a WorkSafe investigation...
Interim chief takes the helm at Club Marine
03 May 2024
Allianz-owned boat insurer Club Marine has appointed Tim Wiles as CEO after he took the role on an interim basis last November...
Compliance committee reports ‘troubling’ rise in breaches
02 May 2024
The General Insurance Code Governance Committee says the number of breaches reported last financial year rose 34% to 77,886 as the industry continued to struggle meeting claims handling time frames...
Insurers rushing back to market: Gallagher
02 May 2024
Australian insurers have re-entered the market “with gusto” in recent months, adding to competitive pressures that have helped premium rates stabilise, broker Gallagher says...
BMW owner wins crash payout despite insurer’s 'aggressive speed' findings
02 May 2024
A driver whose luxury BMW crashed into a tree after being hit by another vehicle has won a claims dispute with his insurer...
AIG fails to overturn ruling on building site fall
02 May 2024
An insurer has lost its bid to avoid paying out for a construction site accident following a dispute over an axed policy and its subsequent liability for a damages settlement...
Terror pool warns of cyber gap as attack threat grows
01 May 2024
The Australian Reinsurance Pool Corporation says a “computer crime” exclusion has left a gap in the nation’s government-backed terrorism cover as the risk of a devastating attack rises...
Agile syndicate opens for business
01 May 2024
Agile’s new Lloyd’s syndicate has started underwriting business in the Australian and New Zealand markets...
Director denied truck fire payout over undisclosed road crime
01 May 2024
A complainant who failed to disclose a history of traffic offences has lost his bid to overturn a claim denial and had his insurance cancelled following a complaints authority ruling...
INsight podcast: commercial rates fall for first time in eight years
01 May 2024
The latest Marsh commercial index is the main topic of debate on this week's Insurance News podcast, as rates fell for the first time since 2016...
Music festival loses cancellation cover fight
30 April 2024
The Subsonic music festival has lost a battle over cancellation cover for its 2019 event in NSW after the Federal Court found bushfires were not the cause and a policy exclusion applied...
Insurance News confirms expert speakers for strata seminar
30 April 2024
A strong line-up of speakers including building defects specialist Bronwyn Weir, industry consultant John Trowbridge and NSW Strata Commissioner John Minns has been confirmed for Insurance News’ half-day strata seminar on May 30...
Insurer wins dispute over company boss’ Lamborghini smash
30 April 2024
A company will not be covered for crash damage to a Lamborghini sports car after its insurer argued it did not disclose the driver’s regular vehicle usage due to his history of traffic offences...
ICA urges Victoria to buy back at-risk homes
30 April 2024
The Insurance Council of Australia has encouraged Victoria to mirror schemes in NSW and Queensland in which governments buy back homes facing the highest flood risk...
AFCA supports more standard definitions
26 April 2024
The Australian Financial Complaints Authority has backed proposals to introduce more standard definitions for natural disasters, arguing it will help consumers compare products and cut complaints...
Repairer shortage condemns electric vehicles to scrapheap
26 April 2024
A lack of certified repairers is leading to electric vehicles being written off with only minor damage rather than fixed, industry experts say...
Resilience grants to help apartment blocks weather the storms
26 April 2024
Apartment blocks in northern Queensland will have access to $60 million in federal and state funding for resilience measures, in a program similar to one already aiding houses...
Complaints authority rejects insurer’s landslide exclusion
26 April 2024
A company that claimed for damage caused by a landslip following a storm has won its bid to overturn its insurer’s application of a policy exclusion...