Daily

Travel insurers say demand for cruise cover is soaring

25 October 2023

Demand for travel insurance for cruise holidays has leapt in Australia as under 40s, empty nesters and families with older children all sign up for voyages...

ASIC joins forces with global counterparts to boost supervision

25 October 2023

The Australian Securities and Investments Commission has become a signatory to an international agreement that boosts cooperation among insurance regulators...

Insurer not liable after traveller denied access to plane over vaccination status

25 October 2023

A traveller who was not allowed to board his flight after failing to provide proof of his Covid-19 vaccination status has lost his claims dispute...

INsight podcast: why you love insurance, and why you don't

25 October 2023

Your views on what you like - and don't like - about the insurance industry are one of the main topics of discussion on the latest Insurance News podcast...

Building code strengthening would save $4 billion: ICA report

24 October 2023

Strengthening building standards to improve home resilience for cyclones, floods and bushfires could save $4 billion a year, a report commissioned by the Insurance Council of Australia has found...

Driver wins dispute over lithium battery failure following storm

24 October 2023

The owner of a 2012 Holden Volt hybrid vehicle whose battery was damaged by a thunderstorm will be covered for her loss after a dispute ruling found her insurer did not have grounds to decline the claim...

Have your say on the future of Insurance News – and enter $500 draw

24 October 2023

Insurance News is asking readers to help set the future direction of our publications by taking part in our latest survey...

‘Biggest ever’: hundreds attend NT Insurance conference and awards

24 October 2023

More than 350 insurance professionals attended the NT Insurance Conference Awards Dinner on Friday, where seven winners were crowned at an ‘Old Hollywood’ themed gala...

Complaints transparency to boost accountability: icare

20 October 2023

Increased transparency over complaints is being introduced as part of reforms to improve workers’ compensation scheme claims handling performance, icare CEO Richard Harding has told a NSW Parliamentary Committee today...

Defending Sydney: think tank sets out resilience approach

20 October 2023

AFCA flags systemic insurance issues

20 October 2023

The Australian Financial Complaints Authority has published its latest systemic issues report, flagging general insurance concerns around motor claims and failures to implement AFCA determinations...

'Not essential': title of loan repayment policy found to be misleading

20 October 2023

A complainant who sought a refund for a loan repayment policy after saying she was misled into purchasing the insurance has won her dispute following an Australian Financial Complaints Authority determination...

Consumer, regulatory pressures driving rising product liability claims

19 October 2023

Growing consumerism, supply chain globalisation, new technologies, and the need to innovate are driving increasing product liability claims, according to a Global Insurance Law Connect report looking at trends in 17 countries including Australia...

$5.5 trillion: Lloyd’s models cost of global cyber attack

19 October 2023

A cyber attack on the global financial services payment system could lead to economic losses of $US3.5 trillion, according to a Lloyd’s systemic risk scenario study...

Webinar tackles tech challenges in motor claims

19 October 2023

A free webinar will be held next month to dissect the impact of technology challenges on motor insurance claims...

Insurer must cover claim despite $26,000 'good will' offer

19 October 2023

The Australian Financial Complaints Authority has ordered Chubb to accept liability for a water damage claim after the insurer declined cover, saying the likely cause of the damage pre-dated the policy’s inception...

Motor add-on specialist Eric Insurance enters run-off

18 October 2023

The Australian Prudential Regulation Authority has confirmed that Eric Insurance has made a commercial decision to enter run-off and will no longer write new business or renew policies, with some exceptions...

Markel recruits Axa XL exec to run Queensland business

18 October 2023

US specialty insurer Markel has appointed Stephen Rogers as Head of Queensland, reporting to Australia MD Rory Morison who is based in Melbourne...

Insurer required to partially cover burst flexihose damage

18 October 2023

A landlord who claimed for a kitchen renovation after a pipe burst will be partially covered for his losses after the Australian Financial Complaints Authority found that his insurer could not deny the entire claim...

INsight podcast: what went on at ICA, NIBA conferences

18 October 2023

The Insurance Council of Australia and National Insurance Brokers Association conferences are the main talking point on the latest Insurance News podcast...