Daily

BI resolution needed as SMEs suffer: AFCA

18 June 2021

Australian Financial Complaints Authority CEO and Chief Ombudsman David Locke says it's vital to gain resolution on business interruption disputes as soon as possible as continuing lockdowns affect businesses and some face the risk of failing...

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Cyber cover tougher, construction challenging: report

18 June 2021

Insurers have become significantly more cautious about cyber cover, local underwriters’ construction market appetite is still shrinking and policy wordings generally are being tightened, Gallagher Australia says in a first-half report...

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Suncorp hunts for new executive as policy head departs

18 June 2021

Suncorp is advertising for a new manager of government affairs as Joshua Cooney departs the role...

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COVID-thwarted traveller loses dispute over insolvent airline voucher

18 June 2021

A man whose international flight was cancelled due to the COVID pandemic and his airline becoming insolvent has lost a claim dispute with his insurer and been advised to try again in 2023 if a credit voucher offered by the carrier expires...

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Tributes paid to former NIBA president and Aon stalwart

17 June 2021

Former president of the National Insurance Brokers Association Robert Harrison has died aged 81...

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Axis Underwriting chief steps down after 22 years at helm

17 June 2021

Axis Underwriting says its long-serving MD and CEO Gary Dawson will step down on July 1 after running the business for the last 22 years, and will be succeeded by GM Ivan Verescuk...

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US Justice Dept moves to block Aon-WTW merger

17 June 2021

The US Department of Justice has taken legal action to block Aon’s proposed $US30 billion acquisition of Willis Towers Watson, arguing proposed divestments fail to resolve concerns that customers will be adversely affected...

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RACQ-backed insurtech promises 'sweeter deals' for Australians

17 June 2021

Insurtech Honey Insurance has launched today targeting the home and contents market, having secured $15.5 million in seed funding from its underwriting partner RACQ and other institutional investors...

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ICA launches business interruption advertising campaign in newspapers

16 June 2021

The Insurance Council of Australia is this week running advertisements in major daily newspapers encouraging policyholders to contact their insurer or broker about business interruption claims related to the COVID-19 pandemic...

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Queensland Budget 'missed opportunity' for mitigation, tax reform

16 June 2021

The Insurance Council of Australia has labelled the Queensland Government’s 2021/22 Budget a “missed opportunity” to invest in mitigation works and cut insurance taxes...

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NIBA's Queensland broker award finalists named

16 June 2021

The National Insurance Brokers Association has revealed this year’s Queensland finalists for both its Broker and Young Professional Broker awards...

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Hard times: podcast discusses broking under current conditions

16 June 2021

Part two of a special three-episode series of podcasts discussing findings from Vero's SME Insurance Index has been released – focusing on the hard market and the importance of explaining the current environment to clients...

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Claim numbers rising for Victoria storms catastrophe

15 June 2021

Claims totals are rising from severe weather that hit Victoria last week, with the Insurance Council of Australia on the weekend declaring the event a catastrophe...

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Insurance Advisernet client loses compensation bid for water damage loss

15 June 2021

An Insurance Advisernet client seeking to have the broker pay for the remainder of his claimed costs for damage to his property from a water leak has lost his case before the Australian Financial Complaints Authority...

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Suncorp's McLoughlin awarded Queen's Birthday honour

15 June 2021

Suncorp Chairman Christine McLoughlin has been recognised in the Queen’s Birthday Honours for significant service to business, the not-for-profit sector and to women...

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Dozens of NSW strata communities register for cladding removal

15 June 2021

About 50 strata communities across NSW have registered for the state government’s program to remove combustible cladding from residential apartment buildings...

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Brokerage flooded as Victoria counts cost of wild weather

11 June 2021

Thousands of claims have been lodged with insurers as high winds and torrential rain hit parts of Victoria this week...

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ASIC permanently bans former Reliance director

11 June 2021

The Australian Securities and Investments Commission has permanently banned former Australian Reliance and Reliance Franchise Partners director Kimberley Hanson following concerns over the misuse of millions of dollars withdrawn from trust fund accounts more than six years ago...

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COVID lockdowns 'cut truck crash frequency'

11 June 2021

Heavy vehicle crash frequency fell last year from 2019, with the decline probably due to pandemic lockdown measures, an annual study from transport and logistics specialist insurer NTI says...

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Ford Falcon driver with undisclosed drugs conviction loses dispute

11 June 2021

A motorist who failed to disclose a 2018 criminal conviction for a drug-related offence to his insurer has lost a claim dispute after his vehicle was stolen...

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