Daily

Insurer loses discrimination fight over child sex offender

12 July 2019

NRMA Insurance discriminated against a child sex offender by refusing to insure his gardening business because of his criminal act, the ACT Civil and Administrative Tribunal has ruled...

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Lloyd’s puts a date on its blueprint for the future

12 July 2019

Lloyd’s says its push to “supercharge innovation,” overhaul costs and reimagine its future has received overwhelming support during 10 weeks of global consultation...

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Mansfield Awards: brokers name their claims picks

12 July 2019

More than 2700 brokers have supplied feedback to organisers of the third annual Mansfield Awards for Claims Excellence...

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Opportunity for change: IAG applauds Indigenous recognition plan

11 July 2019

IAG is among the first companies to welcome a Federal Government proposal to hold a referendum within three years on altering the constitution to recognise Australia’s First Nations people...

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Getting tough: ASIC set to move over CCI

11 July 2019

The Australian Securities and Investments Commission is planning to intervene in the consumer credit insurance sector after the release of a damning report today...

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NZ insurers resist lifting disclosure duty for commercial clients

11 July 2019

The fact that most New Zealand businesses are served by insurance brokers has been quoted as a major reason why the country’s existing duty of disclosure law should remain in place for commercial clients...

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New Zealand caught up in PI fallout

10 July 2019

Insurers in New Zealand are imposing tougher conditions for professional indemnity covers in response to the ongoing crisis in Australia and globally, Willis Towers Watson says today in a market update...

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Finity urges caution over add-on insurance changes

10 July 2019

Add-on insurance practices came under heavy fire at the Hayne royal commission, but actuarial consultancy Finity has warned regulators against taking a sweeping approach to rule changes that might only make the situation worse...

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Sure enters difficult regional insurance market

10 July 2019

Underwriting agency Sure Insurance has started writing home and contents policies from Bundaberg to Cape York, targeting a region hit by surging premiums...

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No worries: PSC confident on $48m Griffiths Goodall deal

9 July 2019

PSC Insurance Group closely examined the Griffiths Goodall broking operations before it decided to acquire the business, and it isn’t concerned by any issues related to an Australian Securities and Investments Commission raid earlier this year...

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SIRA plans new rules for state insurance participants

9 July 2019

Insurers involved with the NSW workers’ compensation program and other state-regulated schemes will have to comply with a raft of new licence conditions aimed at improving customers' claims experience...

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Canopius fills key roles for its Australian business

9 July 2019

Global specialty insurer Canopius today announced key hires for its Sydney office, which was recently established to support the growth of its Australian business...

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NSW building inquiry targets insurance

5 July 2019

A NSW Upper House committee has established an inquiry that will look into the adequacy of insurance coverage in the troubled building industry...

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NZ’s top court backs IAG in key quake damage case

5 July 2019

A New Zealand Supreme Court ruling in favour of IAG in an earthquake-damaged home dispute has affirmed long-held legal principles and averted far-reaching consequences, the Insurance Council of New Zealand says...

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HDI tie-up brings German legal insurer to market

5 July 2019

HDI Global Specialty has strengthened its legal insurance offering in the Australian market, signing a deal with German insurer ARAG Group to launch an underwriting agency...

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Dual fraud trial: Josie and Alvaro Gonzalez found guilty

4 July 2019

Former Dual Australia national claims manager Josie Gonzalez and her husband Alvaro have been found guilty today on 14 charges of cheating the underwriting agency out of $17.4 million...

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ASIC savages car insurance investigation practices

4 July 2019

The Australian Securities and Investments Commission has blasted “harmful” claims investigation practices by motor insurers...

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Former CBL chief demands ‘proper’ inquiry into RBNZ

4 July 2019

Former CBL Corporation MD Peter Harris has called for a fresh inquiry into the Reserve Bank of New Zealand’s handling of investigations that led to the group being placed into liquidation...

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Dual fraud trial: jury begins deliberations

3 July 2019

The jury in the fraud trial of former Dual Australia manager Josie Gonzalez and her husband, Alvaro Gonzalez began its deliberations today. The couple is accused of duping the underwriter out of $17.4 million.

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Class action rise backlash as AGCS abandons liability cover

3 July 2019

Allianz Global Corporate and Specialty is pulling out of financial lines and liability in the region after a surge in class actions contributed to an “ultra-challenging” legal environment...

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