Showing the way: AFCA rulings shine light on key issues
31 May 2021
The Daily news service provided by insuranceNEWS.com.au often summarises dispute rulings laid down by the Australian Financial Complaints Authority...
31 May 2021
The Daily news service provided by insuranceNEWS.com.au often summarises dispute rulings laid down by the Australian Financial Complaints Authority...
24 May 2021
Many options have been floated and no recommendations yet finalised as the ICA-commissioned review on affordability and availability continues, but a discussion paper released last week makes some things clear...
17 May 2021
Up until now, the Adani Group has preferred to keep a near-total silence in response to a barrage of protests from climate activists waging a relentless campaign against its Carmichael coal mine...
10 May 2021
After years of insurers fighting against a reinsurance pool for cyclone-prone northern Australia and various inquiries showing little enthusiasm Prime Minister Scott Morrison has embraced the idea in an outcome reflecting the impacts of recent catastrophes and the power of politics...
03 May 2021
From October 5, duty of disclosure obligations will no longer apply to consumer insurance contracts, thanks to Hayne-inspired reform aimed at redressing the balance of power between insurers and their customers...
26 April 2021
As some insurers take the “nuclear” option and stop writing Directors’ & Officers’ business entirely, a new survey finds cyber attacks have jumped to be the top concern for executives both locally and offshore for the first time...
19 April 2021
Like the prolonged soft insurance market cycle, the macro-economic cycle was an extended one and it took the largest recession since the Great Depression, triggered by a global pandemic, to bring the economy down...
12 April 2021
An increasing number of business interruption legal issues are before the courts as insurers and policyholders continue to wrangle over exclusion wordings and whether cover has been provided for the COVID-19 pandemic...
29 March 2021
The logjam in the Suez Canal is threatening to escalate into a complex and large-scale claims event for the insurance industry globally, as fears over the extreme risk posed by a new generation of mega ships are realised...
22 March 2021
Vero’s annual SME Insurance Index, which delves into the minds of 1500 SME owners and their insurance-buying habits, has just published its 10th edition...
15 March 2021
Rumours are swirling that there might be a significant announcement on insurance in northern Australia in the upcoming Federal Budget, and some are predicting it’ll involve a reinsurance pool...
08 March 2021
Naming its incoming Australia and Pacific CEO Sue Houghton recently, QBE described the insurance trailblazer as “known for her sound judgment, resilience and adaptability, as well as for cultivating talent, fostering diverse and inclusive teams and driving performance”...
01 March 2021
Rising premiums are set to remain a positive for insurance companies for some time yet while business interruption claims uncertainty is still a cloud over the industry as legal battles continue and COVID-19 concerns persist, the latest earnings reporting season shows...
22 February 2021
Prime Minister Scott Morrison described the national rollout of the COVID-19 vaccination program as “the beginning of a big game changer”. Also game-changing for the insurance industry could be the injection of Hayne-inspired regulatory reform slated for this year...
15 February 2021
I hope that after a year like 2020, the summer break offered time for you to pause and reflect...
08 February 2021
As bushfires once again cause destruction and threaten Australian lives, with more than 85 homes lost to an out-of-control blaze north of Perth last week, one expert is proposing that a Medicare-like system subsidise the cost of fire prevention measures via the public purse...
01 February 2021
The Australian Competition and Consumer Commission has made two key proposals to directly tackle immediate insurance affordability worries in northern Australia, and they come down to actions that governments are likely to be reluctant to take...
14 December 2020
The Australian Small Business and Family Enterprise Ombudsman has warned insurance market failure is causing a national crisis that needs to be addressed, and has taken calls for government action to a new level...
07 December 2020
With premiums rising and terms and conditions tightening, pressure is increasing on businesses to reduce their potential risks and put themselves at the head of the queue in securing cover...
30 November 2020
The time has arrived for brokers to move from “price to advice” in a greatly changed insurance market...