07 December 2023
General insurers will be permitted to provide “simple advice” under a new model announced today by Financial Services Minister Stephen Jones, as the Albanese Government wraps up its response to the Quality of Advice Review final report...
07 December 2023
Allianz Australia has recommended that the Federal Government undertake a feasibility study on options for a national flood reinsurance pool to address cover affordability problems for high-risk homeowners...
07 December 2023
A property owner whose home was flooded has successfully overturned his insurer’s decision to deny his claim after it alleged that he breached his policy terms by failing to disclose a business operation...
07 December 2023
The Compensation Scheme of Last Resort Transitional Board has appointed David Berry as its inaugural CEO as it gears up for the start of operations next year...
06 December 2023
Group General Counsel and Company Secretary Peter Horton has left IAG with immediate effect, after the insurer said his behaviour "fell short" of its expectations...
06 December 2023
The Insurance Council of Australia is concerned over proposed legislative amendments to introduce a requirement to obtain client-informed consent prior to accepting commissions, it says in a submission to Treasury...
06 December 2023
Tropical Cyclone Jasper is expected to strengthen over the next few days and could affect the Queensland coast between Mackay and Cooktown early next week, the Bureau of Meteorology says...
06 December 2023
Recent heavy rain and flooding is the main point of discussion on the latest edition of the Insurance News podcast...
05 December 2023
A fitness centre in Melbourne’s eastern suburbs has lost a covid-related business interruption dispute after its argument over the effect of the word “or” in the policy clause was rejected...
05 December 2023
The General Insurance Code Governance Committee wants to be able to name insurers that breach standards...
05 December 2023
Discretionary mutual Our Ark has started offering cyclone insurance to its members, the Picnic Labs-operated risk protection business announced today...
05 December 2023
A homeowner who had his theft claim denied and policy cancelled after he failed to disclose his son’s criminal convictions has lost his dispute to overturn his insurer’s decision...
01 December 2023
The Insurance Council of Australia has told a parliamentary committee inquiry into last year’s floods response that it is preparing a series of policy papers that will examine the nation’s “protection gap” and cover affordability...
01 December 2023
Marsh has completed the acquisition of Melbourne-headquartered Honan Insurance Group and its CEO Andrew Fluitsma takes up a new role today as Marsh's Pacific Head of Corporate and Commercial...
01 December 2023
AMA Group has promoted Mathew Cooper to the role of CEO effective today following a period of leadership changes at the collision repairer...
01 December 2023
New “claims harvesting” legislation has today been introduced to the WA Parliament that will make it an offence to solicit and receive payments for insurance claims referrals for injuries sustained in car crashes...
30 November 2023
Insurance News will hold its inaugural industry conference in March next year with the aim of providing deeper understanding of the global and national insurance industries...
30 November 2023
The Federal Court has penalised RACQ Insurance $10 million for pricing failures that affected more than 458,000 policyholders, causing them to miss out on some $86.47 million in combined premium discounts they should have received...
30 November 2023
The director of an automobile service company has won a dispute after his insurer denied a claim for damage to a vehicle driven by one of his employees...
30 November 2023
Large areas of Queensland, NSW and the NT are at increased risk of bushfire in coming months, the Australasian Fire Authorities Council says, as are some areas of Tasmania, Victoria, SA and WA...