Daily
NSW floods inquiry proposes major resilience reforms
17 August 2022
An independent inquiry requested by the NSW Government into this year’s catastrophic floods has recommended land-use planning reforms and the creation of a new authority to drive mitigation and risk reduction...
Most vulnerable spend 14% of income on home insurance
17 August 2022
A million Australian households spend more than a month’s gross income on home insurance and the Actuaries Institute says state stamp duty and levies should be scrapped in favour of “more equitable and efficient” sources of revenue...
INsight podcast: reinsurance in focus ahead of Rendez-Vous return
17 August 2022
Trends in reinsurance and some familiar influences on company financial results are discussed in the latest Insurance News podcast...
Flood fears increase as likelihood of rare triple-dip La Nina rises
16 August 2022
The Bureau of Meteorology has today issued a La Nina alert, meaning there’s now a 70% chance that the flood-inducing climate driver will develop this year...
ASIC grants relief for business insurance with retail component
16 August 2022
Insurers and brokers who offer retail cover as part of bundled commercial insurance contracts have been granted temporary regulatory relief exempting them from certain retail client obligations as set out in the Corporations Act, the corporate regulator announced today...
Insurer CEO announces upcoming retirement
16 August 2022
The board of directors at New Zealand’s AA Insurance will recruit a new CEO ahead of the retirement of Chris Curtin in December after 28 years in the top role...
Pet owner loses dispute over hiked premiums
16 August 2022
A complainant who sought to have his pet insurance premium reduced after his insurer raised prices by more than 40% has lost his dispute...
IAG has 'good handle' on inflation challenge: CEO
12 August 2022
IAG CEO Nick Hawkins says the business has a “good handle” on countering the inflation challenge as the insurer today provided more details of its results for the 2021/22 financial year, after releasing preliminary figures last month...
Significant code breaches jump after ASIC-triggered reviews
12 August 2022
Significant breaches of the General Insurance Code of Practice have risen 70% in the past financial year, partly reflecting pricing reviews, an Australian Financial Complaints Authority forum heard today...
Auto & General appoints new Australia CEO
12 August 2022
Auto & General has appointed Adam Crane, formerly the head of ME Bank, as its CEO Insurance Australia from next month...
Theft victims win dispute over key left near stolen vehicle
12 August 2022
The owners of a stolen 2016 Audi Q7 will have their claim paid after a dispute body overruled their insurer, which had denied the claim arguing the complainants left a key within the “immediate vicinity” of the car at the time of the theft...
QBE half-year profit declines, GWP jumps as rates rise
11 August 2022
QBE half-year net profit declined 66% as investment market volatility hit the bottom line, while the company benefitted from a surge in gross written premium underpinned by rate increases...
Dual in $822,000 claims dispute with aged care provider
11 August 2022
NSW-based St George Aged Care has filed a suit in the Federal Court to recoup substantial advice fees under a Dual Australia policy after health authorities demanded it appoint an adviser to address compliance failures during a covid outbreak, or risk withdrawal of government subsidies...
360 appoints Construction and Engineering head
11 August 2022
360 Underwriting Solutions has appointed Scott Luxford to lead its Construction and Engineering business...
Insurer fails to deny claim using 'commercial' exclusion
11 August 2022
A homeowner will be compensated for his wrecked greenhouse after winning a claims dispute against his insurer, which tried to argue that the structure was a commercial building...
NSW floods inquiry backs land swaps, mitigation action
10 August 2022
A NSW Parliamentary inquiry into the flooding catastrophe has recommended the state government consider investing in relocation and land swaps for people who wish to move from hard-hit areas and that it should increase mitigation spending...
Champions for change: Dive In registration opens
10 August 2022
Registration has opened today for this year’s Dive In, its biggest ever festival with more than 150 events to take place across at least 40 countries...
IAG report reveals natural disaster costs on small businesses
10 August 2022
IAG has detailed the impacts of natural disasters on small businesses and called on the government to increase security for regional communities against severe weather events...
INsight podcast: a long-awaited BI test case update
10 August 2022
The latest developments in the covid business interruption test cases are the main discussion points on the latest Insurance News podcast...
Cyclone pool a band-aid as more action needed: Suncorp
09 August 2022
The Federal Government-backed cyclone pool offers a "band aid" solution to the rising cost of natural catastrophes and must be accompanied by resilience and mitigation measures, Suncorp CEO Steve Johnston says...