Daily

The legal dispute between six former owners of the SRS underwriting agency and major broker Gallagher has been settled out of court...

QBE has warned a smaller-than-expected change in the interest rate used in UK personal injury calculations will have a $US60 million ($85 million) impact on claims liabilities...

Catastrophe-exposed property premiums in Australia are rising 10-20% while general liability rates are also increasing strongly in some parts of the market, Willis Towers Watson’s July update says...

The Insurance Council of Australia has today called for swift further action to restore confidence in the troubled building industry, after federal and state ministers pledged to work together to deal with the professional indemnity insurance impasse...

The Australian Securities and Investments Commission is set to ban unsolicited telephone sales of consumer credit insurance and life cover ahead of wider anti-hawking reforms...

360 Underwriting Solutions, the agency set up by former senior Allianz executives Denis Morrissey and Chris Lynch, has acquired a 50% stake in online insurance underwriting agency eSentry, adding construction capability to a rapidly expanding portfolio...

The Australian Prudential Regulation Authority is set to create an insurance division as part of a proposed overhaul that will also sharpen its focus on governance and cultural issues...

NSW Emergency Services Levy Insurance Monitor Allan Fels has warned insurers he will be watching closely to prevent overcollection of the Emergency Services Levy...

A NSW court has ruled Allianz must pay $1.39 million in damages plus interest to a former manager who alleged he was a victim of bullying and harassment from his immediate supervisor...

The Victorian Cladding Taskforce has proposed that insurers chip in to pay for cladding rectification works on affected high-rise buildings...

Marty Owen, founding director of Malvern East brokerage Philp, Newby & Owen, has died following a long battle with illness...

IAG has acquired a majority stake in car subscription and trading platform Carbar after participating with other investors in a $16.8 million capital raising...

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...

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

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

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...

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

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...

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...

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...