Daily

Dual fraudsters jailed after 'concoction of lies'

18 October 2019

Former Dual Australia claims manager Josie Gonzalez was the mastermind behind a $17.4 million fraud that could have destroyed the underwriting business, County Court of Victoria Judge Paul Lacava said today before sending her to jail...

Read More...

At last: mitigation gets a $50 million boost

18 October 2019

Insurers have welcomed Canberra’s move to set aside $50 million a year for flood levees, seawalls and other mitigation works aimed at improving natural disaster resilience...

Read More...

MGA announces latest acquisition

18 October 2019

Adelaide-based MGA Insurance Brokers has added another business to its network, taking its total number of offices around Australia to 40...

Read More...

IAG sells its India stake as Asia retreat continues

17 October 2019

IAG has reached agreement to sell its 26% stake in the SBI General joint venture in India for more than $640 million as the insurer continues to wind back its presence in Asia...

Read More...

Hayne has led to closer collaboration, say fintechs

17 October 2019

Australia’s fintechs believe relationships with insurers have improved since the Hayne royal commission, a new survey has found...

Read More...

Life insurers warned: fix TPD cover or ASIC will

17 October 2019

Life insurers have been told by the corporate regulator to fix shoddily designed total and permanent disability (TPD) insurance products and deal with unsatisfactory claims practices or face having changes imposed on them...

Read More...

ICA warns parts of Australia 'could become uninsurable'

16 October 2019

Climate change could lead to parts of the country becoming uninsurable, the Insurance Council of Australia has warned...

Read More...

icare releases claims performance data

16 October 2019

NSW state insurer icare has released workers’ compensation claims performance data as it aims to increase transparency...

Read More...

AAMI Crash Index reveals worst accident blackspots

16 October 2019

Nine of Australia’s ten worst car crash locations were in Melbourne last financial year, an annual analysis of AAMI motor accident claims shows...

Read More...

Code grows teeth with $100,000 deterrent

15 October 2019

The revised General Insurance Code of Practice is set to introduce a $100,000 punishment for “significant breaches”...

Read More...

'Necessary but not sufficient': disclosure regime under fire

15 October 2019

Mandatory disclosure laws designed to protect and help consumers make informed choices have failed to produce the intended results, a study by the Australian Securities and Investments Commission says...

Read More...

Victoria vows to bring dodgy builders to court

15 October 2019

The Victorian Government has pledged to pursue “dodgy building practitioners” through the courts on behalf of owners of apartments covered in combustible cladding...

Read More...

Complaints handling: brokers urged to do better

11 October 2019

Brokers are taking too long to manage client disputes, their independent Code Compliance Committee says today in a report examining the internal complaint handling process...

Read More...

Cladding removal alternatives 'not satisfying insurers'

11 October 2019

Building owners seeking to reduce the cost of fixing cladding problems are finding enhanced fire prevention systems and other “performance solutions” are not satisfying insurers, a Sedgwick executive says...

Read More...

Where's Allan? ESL Monitor's reports still missing

11 October 2019

Quarterly reports from NSW Emergency Services Levy Monitor Allan Fels have been hidden from public view for a year...

Read More...

Simplistic and misleading: industry hits back at attack on pet insurance

10 October 2019

Declarations by consumer group Choice that pet insurance is “shonky” and “worthless” are overly simplistic and don’t match the facts, the Insurance Council of Australia says...

Read More...

Catastrophe declared as homes destroyed in NSW bushfires

10 October 2019

Bushfires have destroyed at least 21 homes in northern NSW, causing the Insurance Council of Australia to declare its second catastrophe in five weeks as drought conditions worsen ahead of summer...

Read More...

'Insurers should be pleased' as Canberra moves on quad bikes

10 October 2019

Quad bikes – one of the most dangerous pieces of equipment in common use on Australian farms – must now meet a raft of safety standards announced today by the Federal Government following a two-year consultation...

Read More...

icare appoints customer advocate to tackle concerns

9 October 2019

NSW state insurer icare has appointed an independent customer advocate as a review into its workers’ compensation scheme continues...

Read More...

Ignorance is risk: Chubb shines light on SME cyber failures

9 October 2019

Almost half of Australian SMEs don't understand their obligations under the Notifiable Data Breaches scheme, a Chubb report has found...

Read More...