Daily

Insured losses from bushfires and hailstorms since November have reached $2.16 billion as more claims from the events are lodged...

Genworth Mortgage Insurance Australia has appointed KPMG Partner Pauline Blight-Johnston as MD and CEO...

IAG today lowered its earnings guidance for this financial year to account partly for the impact of this month’s hailstorm that severely damaged cars and homes in Canberra, Sydney and Melbourne...

Climate change and increasing weather volatility has surged into third place in an annual Allianz Global Corporate and Specialty survey of business risks facing the Australian insurance industry...

An Uber driver whose insurer knocked back a claim because he hadn’t told them he was working for the rideshare company has had his complaint rejected by the Australian Financial Complaints Authority...

Treasury has released a consultation paper on plans to extend the Banking Executive Accountability Regime (BEAR) to insurers and other regulated financial entities as recommended by the Hayne royal commission...

Brokers are calling for a review of business interruption policy wordings following the devastating bushfires that ripped through tourist regions in NSW, Victoria, SA and Queensland...

Listed brokers are poised to outperform their rivals in the coming months as the rate cycle eases from recent peaks, Macquarie Research says in a new report...

Rising premiums and reduced capacity from underwriters for some business risks are set to remain features of the insurance market until well into next year, Honan Insurance Group says...

Hailstorms that dented cars and smashed windows in Canberra, Sydney and Melbourne over the past two days have caused losses estimated at $320 million...

AIG’s Asia Pacific CEO Sachin Shah has left the company “to pursue other opportunities”, one year after he took on the position in January 2019...

Reinsurance broker Willis Re today announced a reshuffle at the top of its Australian business...

The NSW and Victorian governments have committed to fund debris removal for all bushfire-affected properties...

The industry is whirring back into life after the summer break, with acquisitions, appointments and launches announced in recent days...

Victoria will next month allow all classes of engineers and other building professionals to temporarily operate with cladding exemptions on their professional indemnity policies...

The Australian Competition and Consumer Commission says a reinsurance pool isn’t the answer to soaring premiums in the north, but the Federal Government could push on regardless...

Insured losses from the NSW and Queensland bushfire catastrophe have run up to at least $182.6 million from 2306 claims lodged, the Insurance Council of Australia says today...

The cost of the catastrophic hailstorm which hit Sydney and regional NSW a year ago today has climbed to $1.36 billion as claims continue to reach insurers...

Professional indemnity insurance cover without a cladding exclusion may again be offered to building practitioners in Victoria pending the outcome of talks between the insurance industry and the State Government...

NSW Emergency Services Levy Monitor Allan Fels has launched consultation with “key stakeholders” on the way the controversial levy is calculated and collected...