14 December 2023
Consumer groups have proposed reforms to address “wild variance in terms and definitions” and are calling on the Federal Government to re-examine the flood definition, in a submission to a parliamentary inquiry into insurers’ responses to last year’s flooding...
14 December 2023
Former NSW-based insurance broker Cesar Cutro has been served a life ban after he misled clients about the true base premium and also engaged in other deceptive misconduct, the Australian Securities and Investments Commission announced today.
14 December 2023
A nationwide ban on the use and importation of engineered stone products will begin next year following unanimous agreement from state and federal workplace ministers to stop the production of the cancer-linked material...
14 December 2023
IAG brand ROLLiN’ has launched a new app called Safe ‘n Save that records driving data, then rewards customers achieving good scores with a discount of up to 15% on the next month’s premium...
13 December 2023
Insurer response teams are on standby as Far North Queensland readies for Cyclone Jasper, which today intensified to a category 2 system and began crossing the coast, bringing destructive winds and flash flooding...
13 December 2023
A car theft victim has lost her challenge to overturn her insurer’s claim denial after a dispute ruling found the woman did not take reasonable steps to safeguard the vehicle while it was unattended...
13 December 2023
All major insurers required to join the Federal Government-backed Cyclone Reinsurance Pool have come on board, with about 94% of the scheme’s expected exposure now covered...
13 December 2023
The Federal Government’s proposal to allow insurers to provide “simple advice on less complex matters” was the main topic of discussion on the latest edition of the Insurance News podcast...
12 December 2023
The NSW Government has scheduled face-to-face meetings with representatives from the insurance sector this week to discuss ways to reform the state’s Emergency Services Levy funding arrangements...
12 December 2023
Strata Community Association has produced a best practice guide that aims to improve disclosure in areas such as commissions, conflicts of interest and the allocation of remuneration...
12 December 2023
A homeowner who sought cover for a house fire that was caused by his son’s illegal cannabis cultivation has won his dispute against his insurer’s claim denial...
12 December 2023
Insurance industry veteran Kingsley Lamont, who was prominent in the early formation of Steadfast and OAMPS, died in Perth on Thursday after a battle with pancreatic cancer...
08 December 2023
The Australian Competition and Consumer Commission says it may be “some time” before consumers see the full impact on premiums from the Federal Government’s cyclone reinsurance pool, with most major insurers only recently joining the scheme...
08 December 2023
The Underwriting Agencies Council has presented former GM William Legge with a Lifetime Achievement Award...
08 December 2023
The Queensland Government says the Bundaberg East Levee project is a “step closer” to being delivered after it announced that necessary approvals are in place and it has begun to consult with experts to finalise design plans...
08 December 2023
A complainant who sought cover for $45,000 worth of cultural African clothing that he says was damaged by a storm has lost his claims dispute against his insurer...
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...