Daily
Hail claim falls short after golf balls batter roof
22 May 2024
A strata building policyholder that lodged a $49,000 hailstorm claim will be only partially covered after the insurance complaints authority found there was limited damage to the property’s roof – and much of it was probably caused by golf balls...
Brokers face acquisition barrier as deal prices climb
21 May 2024
Rising acquisition multiples are making it more difficult for locally listed brokers to complete deals that add value, a Macquarie Equity Research report says...
ICA recruits ex-detective in fight against scams
21 May 2024
The Insurance Council of Australia has set up a unit to combat fraud, which totalled more than $500 million in the industry last year...
New association aims to raise quality of expert reports
21 May 2024
A new professional association for building and engineering consultants working with insurance claims has been created to address concerns over a lack of consistency, professionalism and quality in expert reports...
AFCA orders Suncorp to review vulnerable mother's theft claim
21 May 2024
The Australian Financial Complaints Authority has ordered Suncorp to reinstate a vulnerable single mum’s policy and reopen her theft claim after it was found to have poorly investigated the matter...
Senators investigate climate impact on premiums, coverage
17 May 2024
The Senate has begun an inquiry into climate risk and its impact on insurance premiums, covering issues such as affordability and access to cover...
‘Shallowfake’ images fuel motor fraud
17 May 2024
The growing use of technology to distort images has “all the signs” of driving the next big scam to hit the insurance industry, Allianz warns...
NSW storms add $176 million to ‘staggering’ weather losses
17 May 2024
Storms that battered NSW early last month caused $176 million in insured damage from 14,781 claims, the Insurance Council of Australia says...
Smash driver ‘recklessly exposed’ family to danger
17 May 2024
The owners of a luxury BMW that was wrecked in a high-speed crash have lost an insurance dispute after the driver was found to have recklessly caused the accident...
PSC defends Ardonagh takeover disclosure
16 May 2024
PSC Insurance Group has defended its disclosure around Ardonagh’s $2.3 billion offer for the company in response to compliance questions from the Australian Securities Exchange...
Flood action group demands new cover for damaged homes
16 May 2024
A lack of insurance for partly damaged but structurally sound homes is one of the biggest problems affecting people recovering from floods and a new kind of cover should be developed, an action group says...
Mall worker wins trauma payout after seeing fatal crash scene
16 May 2024
A former shopping mall caretaker has been awarded more than $1.2 million in damages after he was exposed to the scene of a horrific accident at his workplace...
Car owner who took out policy after crash loses ‘unreasonable’ claim
16 May 2024
A driver who bought insurance hours after a car accident has lost his bid to have his claim covered...
Allianz revamps flood offering after 2022 review
15 May 2024
Allianz will change the way it provides flood cover after reviewing its householder products in response to the 2022 floods, prompting a distinction between low- and high-risk areas...
Budget puts $138 million towards disaster management
15 May 2024
The federal budget has allocated $138.7 million over four years to natural disaster support measures, as insurers continue to press for increased resilience investment...
Carpeesh ordered to pay up after unregistered car row
15 May 2024
A driver has won her fight for a payout over damage to her car despite the vehicle being unregistered, after the Australian Financial Complaints Authority ruled in her favour...
INsight podcast: assessing Ardonagh's acquisition of PSC
15 May 2024
Ardonagh's $2.3 billion acquisition of PSC is the main topic of discussion on the latest episode of the Insurance News podcast...
Bureau shifts to La Nina watch
14 May 2024
The Bureau of Meteorology has moved to a La Nina watch after early signs that an event may form in the Pacific Ocean later this year...
Everest arrives to fill ‘void’ in Australia
14 May 2024
US-listed Everest Group has launched in Australia, offering commercial insurance products from its Sydney and Melbourne offices...
WA tornado claims ‘could cost millions’
14 May 2024
An asbestos warning has been issued for the WA suburb of Withers after a tornado flattened homes, leading to “significant” insurance claims...