Falling profit, BI, affordability: APRA recounts 'difficult' year 28 January 2022 The general insurance industry faced a “difficult 2021” and mitigation measures will be essential to keep insurance accessible and affordable for all, says the Australian Prudential Regulation Authority annual review... Read More...
Victoria earthquake disputes heading to AFCA 28 January 2022 The Australian Financial Complaints Authority says it has received 62 complaints to date related to the Victorian earthquake last September... Read More...
Tasmania set to reintroduce home warranty insurance 28 January 2022 Tasmania is moving to reintroduce home warranty insurance in response to concerns about consumer protections amid strong building demand, after a previous scheme in the state was abolished in 2008. Read More...
Injured professional footballer wins payment dispute 28 January 2022 A professional Polish soccer player who was badly injured while training for an Australian club he was under contract to has won a claim dispute with his insurer... Read More...
IAG lays out 'ambitious' plan to turn business around 13 December 2021 IAG has set out what analysts have described as an “ambitious” five-year program to revitalise the business, after past lapses caused the insurer to report a $427 million net loss in the last financial year... Read More...
Mitigation, ACCC review backed by bushfires inquiry 13 December 2021 A Senate committee inquiry triggered by the Black Summer catastrophe has backed increased mitigation and resilience spending and an Australian Competition and Consumer Commission examination of insurance cover as part of actions to help lessen the impact of future bushfires... Read More...
Funeral insurer fund goes into administration 13 December 2021 Administrators Robson Cotter Insolvency Group have been appointed to the Aboriginal Community Benefit Fund No. 2 Pty Ltd, owned by funeral insurer Youpla... Read More...
RACT chief takes GM Claims role at RACQ 13 December 2021 Trent Sayers has been appointed GM Claims at RACQ and will move back to Brisbane with his family from Tasmania for the role... Read More...
Honey agrees cover supply deal with its seed investor Metricon 13 December 2021 Insurtech Honey Insurance has agreed an insurance supply deal with Metricon Homes which it says delivers tech-driven home insurance coverage directly into the digital mortgage and title process... Read More...
Deadly US tornadoes hit as intense storm risks increase 13 December 2021 Deadly US tornadoes that left a path of destruction across states including Kentucky have highlighted the need to prepare for rising risks from intense storm events, Federal Emergency Management Agency Administrator Deanne Criswell says... Read More...
Ten top stories from 2021 13 December 2021 It’s been another challenging year, and the team at insuranceNEWS.com.au has taken great pride in keeping our army of readers up to date throughout... Read More...