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Insurer wins dispute over fatal truck crash involving drugs

24 November 2021

A freight transport company has lost a claim dispute over the accidental death of its employee – a truck driver ejected from a prime mover after it crashed into a large tree and found to have multiple drugs and an illegal level of alcohol in his system...

Tower results reflect 'difficult year'

24 November 2021

Annual earnings fell at New Zealand insurer Tower as both large house claims and large events were at their highest for many years...

Laggards 'disappoint' on code hardship measures

23 November 2021

The General Insurance Code Governance Committee says it’s disappointed that some firms missed a deadline for introducing new standards to help customers experiencing vulnerability and financial hardship, while “there seems to be some confusion” over compliance with one of the sections...

Flood, cyclone risk heightened as La Nina declared

23 November 2021

The Bureau of Meteorology today upgraded its La Nina outlook, declaring the flood-inducing weather pattern is now underway, potentially bringing more rainfall than usual this summer and above average numbers of tropical cyclones over the next few months...

AFCA set to act quickly on BI disputes

19 November 2021

The Australian Financial Complaints Authority says it will move quickly to resolve business interruption disputes related to COVID-19 once the outcome of the second test case is known...

MLC hit with ASIC action over alleged insurance failures

19 November 2021

The Australian Securities and Investments Commission has commenced Federal Court action against MLC Life, alleging “multiple insurance failures” over a 21-year period caused more than $17.5 million in financial harm to 260,000-plus customers...

Suncorp business interruption court case settles

18 November 2021

Federal Court action taken against Suncorp over a rejected COVID-19 business interruption claim lodged by a Melbourne restaurant has been resolved, the insurer said today...

AA Insurance scoops NZ insurer award

18 November 2021

AA Insurance emerged dual winners at the New Zealand Insurance Awards prize ceremony, taking home the general insurance company and insurance learning program of the year awards...

Homeowners lose dispute after 'complete ruination' by squatters

18 November 2021

IAG has won a claim dispute with the owners of a house declared unfit for human habitation and described by neighbours as sliding into "gradual and complete ruination” due to squatting by “drug addicts, homeless people and derelicts”...

Coastal areas need $30 billion protection spend: ICA report

17 November 2021

Australian governments will need to spend $30 billion on coastal protection measures over the next 50 years as climate change increases risks to communities, properties and infrastructure, a report released today by the Insurance Council of Australia says...

Climate risks causing investment rethink

17 November 2021

Climate issues are challenging insurers to rethink investment strategies, while the search for higher returns is driving a change in risk appetites, global investment firm BlackRock says...

Suncorp finalises list of home repairs partners

17 November 2021

Suncorp has a new panel of builders following a “competitive” tender process to provide quality repairs across all home insurance claims for the next five years, the insurer announced today...

'Implausible': phone records discredit car theft claim

17 November 2021

A driver claiming her burnt out car was stolen and dumped 20km away while she was having a drink and playing the pokies at a hotel with a friend has lost a dispute with her insurer on the basis of fraud...

JLT council class action hearings conclude

16 November 2021

A lengthy class action trial over local government insurance mutuals has concluded in the NSW Supreme Court, but a judgment is not expected for months...

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