Daily
Anonymity for penalised insurer ‘fails code stakeholders’
29 January 2025
Consumer groups and other industry participants say the Code Governance Committee should have named an insurer penalised a maximum $100,000 for claims and complaint handling failings...
ASIC leader to speak at Outlook 2025 conference
29 January 2025
The Australian Securities and Investments Commission will outline its general insurance priorities at Insurance News’ upcoming Outlook 2025 conference...
Allianz Australia commercial head to take UK role
29 January 2025
Allianz Australia is searching for a new commercial division head following the appointment of Phuong Ly to a leadership role in Britain...
Ombudsman sinks missing fish claim
29 January 2025
A claimant who argued his fish should be covered as a special valuable under his home and contents policy has lost a dispute before the Australian Financial Complaints Authority...
Watchdog promises report as Netstrata probe continues
28 January 2025
NSW Fair Trading says it continues to investigate complaints about Netstrata and will consider regulatory action if breaches are identified...
Villa owners ordered to prove their worth in Debbie repair row
28 January 2025
The administrator of a luxury villa complex in Queensland has been ordered to raise more than $1.3 million as security for its lawsuit against an insurer and builder over allegedly substandard repairs conducted following Cyclone Debbie in 2017...
NZ town in ‘massive’ clean-up after tornado hits
28 January 2025
The New Zealand town of Mangawhai was today cleaning up after a tornado damaged homes, knocked over power poles and sent debris flying at the weekend...
Phone-distracted driver overturns reckless driving decision
28 January 2025
A driver who crashed into a fence during a mental health episode will be covered for his losses after the dispute authority rejected his insurer’s application of a reckless driving exclusion...
‘Serious breaches’: CTP regulator sanctions NRMA Insurance
24 January 2025
NSW’s State Insurance Regulatory Authority has issued a $10,000 civil penalty to IAG over compulsory third party breaches...
Territory to examine insurance cost impacts
24 January 2025
An ACT inquiry into insurance costs will consider the effect of rising premiums on business and community organisations...
Tower appoints financial chief as interim CEO
24 January 2025
New Zealand insurer Tower says CFO Paul Johnston will become interim CEO next month when Blair Turnbull leaves the business...
Landlord wins dispute over damage at ‘empty’ bank branch
24 January 2025
A property owner has won a water leak payout after challenging his insurer’s assertion that his leased site was unoccupied for more than 20 months...
CCI outlines progress on wind-down, divestment
23 January 2025
Catholic Church Insurance, which entered run-off nearly two years ago, has been winding down its operations and divesting assets in a careful scale-down of the company, its latest annual report says...
ACT launches strata inquiry with call for submissions
23 January 2025
An ACT Legislative Assembly committee has started an inquiry into the management of strata properties, amid expectations more residents will live in high-density housing...
McLardy McShane takes ‘exciting step’ into Queensland
23 January 2025
National broker McLardy McShane has opened its first Queensland joint venture after acquiring former authorised representative Dixon Insurance Services last month...
Worker wins disability payout over hearing aid problem
23 January 2025
A self-employed carpet layer who said he could not work because sweat interfered with his hearing aids has won an income protection claim dispute...
Warning on AI limitations as industry tech take-up accelerates
22 January 2025
The industry is on a digital transformation drive, investing in artificial intelligence and other tech to lift efficiency and comply with evolving regulations, global researcher Information Services Group says in a new report...
Sign up for Outlook 2025 and access exclusive market report
22 January 2025
Attendees at the upcoming Insurance News Outlook 2025 conference will gain access to an exclusive report outlining the latest trends as the market continues to move into a softening phase...
Disaster Ready Fund launches third round of grants
22 January 2025
The federal government has opened the third round of its Disaster Ready Fund, which commits $200 million a year to mitigation projects, matched by states and territories...
Insurer ordered to say sorry over policy cancellation
22 January 2025
Auto & General has been told to apologise and pay $2000 compensation to a property owner after it inadequately investigated his storm damage claim before initially denying cover and cancelling his policy...