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Senators investigate climate impact on premiums, coverage

Fri, 17 May 2024 06:21:09 GMT

The Senate has begun an inquiry into climate risk and its impact on insurance premiums, covering issues such as affordability and access to cover...

‘Shallowfake’ images fuel motor fraud

Fri, 17 May 2024 06:12:56 GMT

The growing use of technology to distort images has “all the signs” of driving the next big scam to hit the insurance industry, Allianz warns...

NSW storms add $176 million to ‘staggering’ weather losses

Fri, 17 May 2024 06:09:00 GMT

Storms that battered NSW early last month caused $176 million in insured damage from 14,781 claims, the Insurance Council of Australia says...

Smash driver ‘recklessly exposed’ family to danger

Fri, 17 May 2024 06:07:07 GMT

The owners of a luxury BMW that was wrecked in a high-speed crash have lost an insurance dispute after the driver was found to have recklessly caused the accident...

PSC defends Ardonagh takeover disclosure

Thu, 16 May 2024 06:21:23 GMT

PSC Insurance Group has defended its disclosure around Ardonagh’s $2.3 billion offer for the company in response to compliance questions from the Australian Securities Exchange...

Flood action group demands new cover for damaged homes

Thu, 16 May 2024 06:16:28 GMT

A lack of insurance for partly damaged but structurally sound homes is one of the biggest problems affecting people recovering from floods and a new kind of cover should be developed, an action group says...

Mall worker wins trauma payout after seeing fatal crash scene

Thu, 16 May 2024 06:14:57 GMT

A former shopping mall caretaker has been awarded more than $1.2 million in damages after he was exposed to the scene of a horrific accident at his workplace...

Car owner who took out policy after crash loses ‘unreasonable’ claim

Thu, 16 May 2024 06:13:57 GMT

A driver who bought insurance hours after a car accident has lost his bid to have his claim covered...

Renewals signal ‘tempered optimism’ for commercial line buyers

Thu, 16 May 2024 01:46:18 GMT

The mid-year renewals should see commercial market trends continuing to improve for insurance buyers, national broker EBM says in an update...

Broker cleared of duty breach over covid BI claim

Thu, 16 May 2024 01:45:15 GMT

A company that says it incurred more than $10,000 in gas and electricity costs due to its broker’s failure to provide updates on its business interruption claim has lost a dispute before the complaints authority...

UK brokers issue guide to ‘highlight advantages’ of commissions

Thu, 16 May 2024 01:44:43 GMT

British brokers have produced a guide to demystify commissions and dispel suggestions they should be removed or capped, while calling for a reprieve from further regulation after recent reforms...

Coalition expands in cyber market

Thu, 16 May 2024 01:44:17 GMT

San Francisco-based cyber specialist Coalition, which launched in Australia in November, has expanded into the excess market...

BMS names new director amid North Island expansion

Thu, 16 May 2024 01:43:59 GMT

BMS Risk Solutions has appointed Nathan Richmond as director for Auckland...

Bellrock adds ‘ideal leader’ to claims team

Thu, 16 May 2024 01:43:25 GMT

Bellrock has appointed Joseph Hershewe as practice leader for its claims advocacy team...

Leukaemia fundraiser to honour broker

Thu, 16 May 2024 01:43:04 GMT

The family of Robert Cooper will hold a second leukaemia research fundraising lunch in July...

NIBA urges brokers to attend convention

Thu, 16 May 2024 00:57:57 GMT

The National Insurance Brokers Association says its annual convention in October is the only gathering of brokers that transcends company boundaries...

Allianz revamps flood offering after 2022 review

Wed, 15 May 2024 06:34:32 GMT

Allianz will change the way it provides flood cover after reviewing its householder products in response to the 2022 floods, prompting a distinction between low- and high-risk areas...

Budget puts $138 million towards disaster management

Wed, 15 May 2024 06:24:14 GMT

The federal budget has allocated $138.7 million over four years to natural disaster support measures, as insurers continue to press for increased resilience investment...

Carpeesh ordered to pay up after unregistered car row

Wed, 15 May 2024 06:10:06 GMT

A driver has won her fight for a payout over damage to her car despite the vehicle being unregistered, after the Australian Financial Complaints Authority ruled in her favour...

INsight podcast: assessing Ardonagh's acquisition of PSC

Wed, 15 May 2024 06:09:51 GMT

Ardonagh's $2.3 billion acquisition of PSC is the main topic of discussion on the latest episode of the Insurance News podcast...