Daily

Fraud trial: Weeping Gonzalez tells of ‘devastation’

25 June 2019

Josie Gonzalez sobbed in the witness box today as she spoke of her trauma when media published a photograph of her husband and allegations of fraud in mid 2013...

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IAG in talks to sell Indian joint venture stake

25 June 2019

IAG has confirmed it is in talks with external parties about selling part or all of its stake in Indian general insurer SBI General...

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Happiest customers: RAA tops insurers in survey

25 June 2019

SA insurer RAA has the most satisfied customers, according to the latest Roy Morgan research.

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Fraud trial: Dual underwriter highlighted ‘strange’ invoices

21 June 2019

Dual Australia’s national underwriter complained of unexplained and excessive legal costs in emails to the company’s claims administrator in mid 2013, the County Court of Victoria has heard...

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Cyber crooks ‘demanded ransom’ from ProRisk

21 June 2019

Cyber attackers who crippled systems at Insurance House Group demanded a ransom to restore operations, it has emerged...

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AIG NZ exits high-net-worth cover

21 June 2019

AIG is discontinuing its Private Client Group home, contents and yacht cover and will no longer offer high-net-worth insurance in New Zealand from the end of next month...

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Adani mine secures insurance cover

20 June 2019

Indian conglomerate Adani Group has secured insurance for its controversial Carmichael coal mine project in Queensland...

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Fraud trial: high legal costs dismissed as ‘legacy’ issue

20 June 2019

Former Dual Australia claims manager Josie Gonzalez dismissed concerns over legal costs of $9 million in one year as a “legacy” issue, the County Court heard today...

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Zurich brings in former Allianz manager for key broker role

20 June 2019

Zurich Australian Insurance has appointed David Foote as National Relationship Leader, focusing on key international broker partners...

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Add-ons: insurers to repay another $14.7 million

19 June 2019

Six insurers will repay $14.7 million to consumers who purchased poor-value add-on insurance at car yards, the Australian Securities and Investments Commission said today...

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Fraud trial told of questions directed at law firm

19 June 2019

A Dual claims administrator received a text message from Josie Gonzalez, who was on maternity leave, about two hours after an invoice issue was raised with Jaag Lawyers, the County Court heard today...

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Liberty rebrands commercial insurance arm

19 June 2019

Liberty International Underwriters in Australia will trade as Liberty Specialty Markets from Friday as the business unifies its commercial insurance operations under one brand...

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Dishonest AR 'backdated policy after fire'

18 June 2019

The Australian Securities and Investments Commission has permanently banned an authorised representative in Victoria after a probe found he engaged in financial misconduct...

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Fraud trial: Arch questioned Dual legal spend

18 June 2019

London-based Arch had questioned underwriting agency Dual about legal fee levels as part of its auditing processes, former company executive Peter Bailey told the County Court today...

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NSW budget: ICA issues warning on rising insurance taxes

18 June 2019

The Insurance Council of Australia says revenue from “inequitable” NSW insurance taxes and levies will rise by 5.4% per year over the next four years, placing an “unfair burden” on policyholders...

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Cyber attack impacts Insurance House

14 June 2019

A devastating cyber attack has brought down systems across the diverse operations of national brokerage Insurance House...

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Fraud trial: rising legal costs sparked Dual disquiet

14 June 2019

Concerns over an increased level of legal costs were raised with former Dual Australia claims manager Josie Gonzalez in 2012, a County Court trial in Melbourne was told today...

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360 goes rural with Insure That stake

14 June 2019

360 Underwriting Solutions, the underwriting agency set up in 2017 by former senior Allianz executives Denis Morrissey and Chris Lynch, has acquired a majority stake in specialist rural agency Insure That...

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Underwriting agency hit by cyber attack

13 June 2019

Underwriting agency ProRisk has been hit by a serious cyber attack, forcing a shutdown of systems for several days...

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Risking irrelevance: Neal says Lloyd's needs to 'reset'

13 June 2019

Lloyd’s faces becoming irrelevant unless it grabs “a once in a generation opportunity” to overhaul its model for the digital age, CEO John Neal says...

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