Travelling on: Cover-More CEO departs 3 June 2020 Cover-More CEO Hanno Mijer has departed the travel insurer to become Head of Commercial Insurance Services at parent group Zurich... Read More...
MPs demand answers over travel policy disclosures 3 June 2020 Disclosures in travel insurance policies for exclusions triggered by the coronavirus pandemic came under fire at a parliamentary committee hearing today... Read More...
NSW passes legislation to expand construction PI pool 3 June 2020 Designers and building practitioners in NSW will need to be registered and hold adequate professional indemnity insurance following the passage of a bill that forms part of the Berejiklian Government’s efforts to reform the troubled construction sector... Read More...
icare advocate turns focus on to building scheme 3 June 2020 NSW state insurer icare says its Independent Customer Advocate Darren Wright has turned his attention to the state’s home building compensation scheme in an expanded role, and wants to hear from brokers about their experiences... Read More...
Code Governance Committee urges insurers to lift their game 1 June 2020 The General Insurance Code Governance Committee has called on insurers to lift standards and overhaul processes after finding some subscribers have been "adopting a lax attitude" toward identifying breaches... Read More...
QBE to take over Realcover business 1 June 2020 QBE Insurance has entered into a scheme of arrangement with Realcover to take over the company’s insurance contracts and insurance liabilities... Read More...
Parliamentary committee to scrutinise code breaches 1 June 2020 The House of Representatives Standing Committee on Economics will this week scrutinise the insurance industry over a surge in code of practice breaches, as well as the sector’s COVID-19 response... Read More...
More duress for life industry as pandemic hands fresh blow 1 June 2020 The life industry made an after-tax net loss of $1 billion in the March quarter, as the pandemic dealt a fresh blow to the struggling sector, according to a regular Australian Prudential Regulation Authority update... Read More...
RM Advancer Awards on hold 1 June 2020 The RM Advancer Awards, which last year chalked up their 14th year, have been cancelled this year after Vero determined it was unlikely nominees and brokers from across Australia would be able to attend an awards ceremony... Read More...
BI backstop plan introduced into US Congress 1 June 2020 Legislation to create a US Pandemic Risk Reinsurance Program, similar to arrangements in place for terrorism, has been introduced into the US Congress... Read More...
Demanding better: code committee calls out failings 1 June 2020 Despite the Hayne royal commission and regulators hammering home messages about trust, culture and customer focus, a report by the General Insurance Code Governance Committee suggests that for some the message still isn’t sinking in... Read More...