insuranceNEWS.com.au - Daily

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...

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...

Bureau shifts to La Nina watch

Tue, 14 May 2024 06:35:27 GMT

The Bureau of Meteorology has moved to a La Nina watch after early signs that an event may form in the Pacific Ocean later this year...

Everest arrives to fill ‘void’ in Australia

Tue, 14 May 2024 06:33:57 GMT

US-listed Everest Group has launched in Australia, offering commercial insurance products from its Sydney and Melbourne offices...

WA tornado claims ‘could cost millions’

Tue, 14 May 2024 06:22:43 GMT

An asbestos warning has been issued for the WA suburb of Withers after a tornado flattened homes, leading to “significant” insurance claims...

Strata insurer told to pay up after quick fix to burst pipe

Tue, 14 May 2024 05:06:02 GMT

A property owner who arranged repairs to a leaking pipe before notifying her strata insurer has won a claims dispute after the complaints authority found she did not prejudice the company's ability to make a payout decision...

Cyclone pool generates ‘significant’ savings

Fri, 10 May 2024 06:24:27 GMT

The federal government’s cyclone reinsurance pool is delivering average premium savings of 38% on home insurance in the highest-risk areas, new statistics show...

QBE ‘on track’ after first quarter, confirms guidance

Fri, 10 May 2024 06:24:13 GMT

QBE says premium rates continued to rise in the first quarter, strong investment returns were achieved and the company is on track to meet financial guidance...

Brothels lose BI disputes after covid shutdowns

Fri, 10 May 2024 06:20:52 GMT

Two Victorian brothels forced to close because of covid orders have failed to have business interruption claims covered after the Australian Financial Complaints Authority found in favour of their insurer...

Strata commissioner to speak at Insurance News seminar

Fri, 10 May 2024 06:15:43 GMT

NSW strata commissioner John Minns will be the final speaker at an Insurance News half-day seminar that will examine trends and challenges in the rapidly expanding sector...