'Insurance businesses will collapse' under virus pressure 10 July 2020 “Significant numbers” of Australian insurance businesses are likely to go under as the combined impact of COVID-19 claims and a global recession hits home, a law firm has warned... Read More...
Senator queries industry's 'deafening silence' on emissions 10 July 2020 A Senate inquiry hearing today into the 2019/20 bushfire season has called out insurers’ “deafening silence” on the urgency of cutting carbon emission levels, forcing the industry to defend its climate action stance... Read More...
Pandemic exclusion upheld in travel claim dispute 10 July 2020 Zurich’s application of a pandemic exclusion in denying a claim from a man who decided not to proceed with a planned trip to China in February has been upheld by the Australian Financial Complaints Authority... Read More...
SMEs seek brokers' aid as sales plunge 10 July 2020 Many businesses in New Zealand are seeking insurance advice from brokers as revenues take a hit from the coronavirus pandemic and owners make widespread operational changes, a survey by Vero reveals... Read More...
Reinsurers raise prices at Australian renewals 6 July 2020 Double-digit reinsurance price increases were seen for loss-hit catastrophe insurance programs in Australia at recent renewal negotiations with reinsurers, Willis Re says... Read More...
Suncorp splits insurance division leadership 6 July 2020 Suncorp has split the leadership of its Australian insurance business between two executives as it seeks to accelerate improved performance from its largest division... Read More...
ICA welcomes NSW report urging abolition of ESL, insurance taxes 6 July 2020 The Insurance Council of Australia "strongly supports" the findings of the draft NSW Review of Federal Financial Relations report, which recommends the abolition of all state insurance taxes... Read More...
Class actions risk fuelling PI cost: AMP chief 6 July 2020 AMP CEO Francesco De Ferrari has voiced support for increased oversight of litigation funders, tying their financial backing of class actions to the escalating cost of securing professional indemnity insurance... Read More...
Nominations open for icare CASE awards 6 July 2020 NSW state-owned insurer icare has called for nominations across eight categories in its annual Care and Service Excellence awards, which this year take place after a period marked by natural disasters and a pandemic... Read More...
COVID-19 boosts usage-based insurance popularity 6 July 2020 Usage-based insurance has been given a popularity bump by the COVID-19 pandemic as social distancing and lockdowns see car owners drive much less... Read More...
Chubb’s TV hell: victims and villains, or smoke and mirrors? 6 July 2020 A late-night message to insuranceNEWS.com.au’s Facebook page suggested something was up... Read More...