Daily

Sukkar tells Queensland to axe insurance tax

20 November 2019

Federal Assistant Treasurer Michael Sukkar has called on the Queensland Government to abolish stamp duty on insurance policies to counter rising premium prices in the state’s north...

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IAG to buy NRMA’s car repair business

20 November 2019

IAG announced today it has an in-principle agreement to acquire MotorServe, the motor vehicle repair specialist owned by NSW-based National Roads and Motorists’ Association (NRMA)...

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Winds of change: insurers think again on reinsurance pool

19 November 2019

Did the insurance industry really agree on Friday to help investigate a government-funded cyclone reinsurance pool – something it’s been fighting against for years?

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Losses mount as Queensland hailstorm added to catastrophes list

19 November 2019

Insured losses from the Sunshine Coast hailstorm have risen to at least $60 million from 7500 claims, the Insurance Council of Australia says in an update today...

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CommInsure pleads guilty to hawking, refunds $12 million

19 November 2019

CommInsure pleaded guilty today in a Sydney court to 87 counts of hawking and is refunding more than $12 million to customers who were incorrectly sold life insurance products...

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Insurance chiefs meet politicians over mitigation, affordability

15 November 2019

Insurance company executives met with Assistant Treasurer Michael Sukkar in Townsville today to discuss mitigation measures and the affordability of insurance in northern Australia...

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SMEs risking financial ruin: QBE report

15 November 2019

SMEs are risking going out of business through not having the right insurance, but relatively few are seeking advice from brokers, a new QBE report says...

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Bushfires: insurers face $100 million losses so far

15 November 2019

Insured losses from the bushfire catastrophe in NSW and Queensland have climbed to $100 million from 900 claims, according to the latest update today from the Insurance Council of Australia...

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Travel cover dominates insurance disputes

14 November 2019

Travel claims account for most general insurance disputes since October 1, when the Australian Financial Complaints Authority started naming companies in its rulings...

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NSW inquiry lists measures needed to restore builders’ PI

14 November 2019

A NSW Upper House inquiry into the state’s troubled building industry has made 19 suggestions to address the raft of problems that have forced insurers to raise premiums and impose strict exemptions on professionals’ insurance cover...

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Growing insurtech announces Bunnings partnership

14 November 2019

Australian insurtech Evari has partnered with Bunnings to offer insurance to more than 700,000 customers...

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Bushfires: ICA extends catastrophe zone to Queensland areas

13 November 2019

The Insurance Council of Australia has expanded its bushfire catastrophe zone to include Yeppoon and the Sunshine Coast in Queensland as the state braces for weather conditions to worsen in the coming days...

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HDI recruits former Allianz chief

13 November 2019

HDI Global has appointed former Allianz Global Corporate & Specialty Pacific CEO Willem van Wyk to head up its regional market management practice in Australasia and ASEAN...

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EQC apologises ‘unreservedly’ for stressing customers

13 November 2019

New Zealand’s Earthquake Commission has formally apologised for “compounding the stress of customers” affected by the devastating Canterbury earthquakes...

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NSW bushfires update: insurers expect claims in rush

12 November 2019

The Insurance Council of Australia says the NSW bushfire catastrophe has run up at least $40 million in insured losses, but the figure will rise in coming days as more claims are submitted...

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AUB board raises the bar on governance

12 November 2019

AUB Group is stepping up its governance focus to drive a culture of accountability and transparency across its network, Chairman David Clarke told the group’s AGM in Sydney today...

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D&O, property leading premiums higher: Marsh

12 November 2019

Surging directors’ and officers’ rates and rising property premiums powered an 18.8% third-quarter jump in Pacific region pricing, while global insurance market gains also gathered pace, Marsh says...

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Wind-driven NSW fires threaten properties

8 November 2019

Residents in the New England region and far north coast of NSW have been urged to seek shelter as firefighters battle several blazes that are spreading rapidly in strong and gusty winds...

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'Pathetic': Steadfast chief blasts insurers

8 November 2019

Steadfast MD and CEO Robert Kelly gave some insurers a roasting at the New Zealand insurance industry’s annual conference in Auckland this week...

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Cover Genius raises $14 million for expansion push

8 November 2019

Sydney-based insurtech Cover Genius has successfully attracted support from US, UK and local investors, raising $US10 million ($14.51 million) in a Series B funding round as it expands to new countries...

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