Daily

'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...

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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...

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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...

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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...

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Clients will be hurt: Melbourne brokers face lockdown 2.0

9 July 2020

The six-week reintroduction of stage three restrictions in Melbourne is testing the resilience of general insurance brokers and their clients, and will slow the nation’s fledgling economic recovery...

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Motor policy wordings cause excess confusion

9 July 2020

A significant number of motor insurance disputes over the application of excesses have been lodged with the Australian Financial Complaints Authority, and consumer groups say variations in wordings are causing confusion...

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Sam White sets up female-centric car insurance brand

9 July 2020

QBE is underwriting a new Australian direct car insurance offering aimed at women, founded by high-profile UK entrepreneur Sam White...

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Senators set to learn about bushfire impact on insurers

9 July 2020

The Senate inquiry into the 2019/20 bushfire season will tomorrow focus on the insurance industry and its ability to cope with the increasing challenges posed by climate change...

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Broker goes bust after insurer demands funds

8 July 2020

Construction-focused insurance group Qamvis has gone into liquidation after its insurer partner issued a demand for funds owed...

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ESL Monitor accuses Allianz of providing dodgy data

8 July 2020

Former NSW Emergency Services Levy Monitor Allan Fels says a “major investigation” into the pricing practices of Allianz uncovered repeated inaccuracies in data provided by the insurer, which had to be resubmitted 13 times...

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DXC investigating ransomware attack at Xchanging

8 July 2020

Xchanging, the insurance procurement arm of global IT services firm DXC Technology, has been hit by a ransomware attack...

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Virus puts consumer heat on insurers

8 July 2020

The COVID-19 virus has put insurers in the spotlight, and retention of customers and the need to meet higher service expectations will be a challenge going forward, a KPMG survey of 1500 consumers found...

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Brokerage chairman sues A Current Affair

7 July 2020

Chairman of Sydney-based GSA Insurance Brokers and former Liberal Party leader John Hewson is suing Channel 9 for damages over an episode of A Current Affair which he says was defamatory and inaccurate...

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McLardy McShane scales up presence

7 July 2020

Melbourne-based insurance group McLardy McShane has announced a new acquisition and joint venture deals, further expanding its business nationally...

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QBE to exit India with sale of joint venture

7 July 2020

QBE has agreed to sell its insurance joint venture in India, as the insurer continues to “simplify” its business model as part of the revamp plan introduced by Group CEO Pat Regan, when he formally took charge in January 2018...

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CIA acquires Wilkinson Insurance Brokers

7 July 2020

Consolidated Insurance Agencies has announced the acquisition of Victorian brokerage Wilkinson Insurance Brokers...

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Lloyd’s promotes virus, black swan plans

3 July 2020

Lloyd’s has distributed suggested models for covering COVID-19 risks and future black swan events to Australian insurers and governments as part of a global initiative to drive solutions...

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Bushfire-hit insurers ‘pulling plug on energy assets’

3 July 2020

Energy companies are struggling to afford insurance for their infrastructure after a jump in premiums since the recent bushfires, according to Energy Networks Australia...

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Reckless: jailed driver’s mum loses crash claim

3 July 2020

A woman has lost a claim dispute with her insurer after her son drove her car while under the influence of drugs and collided with a motorcycle, seriously injuring both the people on the bike...

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Vero offers SME business recovery grants

3 July 2020

Vero is offering grants totalling $250,000 to help its SME customers recover from the business impacts of the COVID-19 pandemic...

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