Suncorp expects competition tribunal bank sale ruling next year
26 September 2023
Suncorp expects the Australian Competition Tribunal to deliver a decision by the end of February on the proposed $4.9 billion sale of the company’s bank to ANZ...
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Allianz calls for action on 'worrying' mental health trend
26 September 2023
Allianz wants a nationwide "workplace realignment" and mental health solutions for employees after a survey indicated widespread fatigue and burnout...
Industry's annual diversity festival kicks off
26 September 2023
The annual global diversity and inclusion Dive In event starts today as key findings from a survey reveal the insurance industry has much to do in areas like mental health and gender equality...
Crop insurer entitled to deny diseased bean claim
26 September 2023
A farmer who says a fungal disease outbreak that reduced the harvest yield for his faba bean crop was caused by a hailstorm has lost his claims dispute...
'Irrational and moronic': Lloyd’s executive warns on D&O
22 September 2023
Irrational underwriting behaviours are driving a “relatively shambolic state” in the directors’ and officers’ market, with sharp rate declines and widening coverages increasing potential loss severity, a Lloyd’s senior executive has warned...
Stadium not liable after NRL fan slips on grandstand steps
22 September 2023
The NSW Court of Appeal has overturned a decision to award a woman $91,117 after she slipped on grandstand steps and fell heavily on the concrete while attending a National Rugy League game...
Ageing transport networks 'not designed for seismic shocks'
22 September 2023
Australia’s ageing transportation networks are in need of a “comprehensive” seismic risk assessment, Risk Frontiers says in a briefing note...
Landlord loses dispute over drug farm fire
22 September 2023
A landlord whose property was severely damaged by a fire caused by a tenant’s illegal drug operations will not have her claim paid after a dispute ruling backed her insurer’s application of a policy exclusion...
Pressures build in householders amid overall profit jump: Radar
21 September 2023
Action to address issues in the loss-making householders class is a priority for the general insurance industry, which made an overall profit last financial year after investment results rebounded, the latest Radar report from actuarial consultancy Taylor Fry shows...
Cairo go-slow: injured tourist compensated for delayed claim
21 September 2023
A traveller who suffered a hip injury during her holiday in Cairo will be awarded additional compensation after a dispute ruling found her insurer unnecessarily delayed its decision to accept the claim...
Wild weather on horizon after mild winter, insurers warn
21 September 2023
Insurers are urging Australians to "not be complacent” and prepare for all forms of wild weather after the Bureau of Meteorology declared an El Nino event this week and severe weather warnings were issued for large parts of Australia's south east...
Bureau releases summary of last year’s record spring floods
21 September 2023
The Bureau of Meteorology has released a formal record of the record-breaking floods across eastern Australia during last spring...
Insurers welcome NSW resilience funding, urge tax reform
20 September 2023
The Insurance Council of Australia has welcomed new funding in NSW to improve disaster resilience, while also urging that insurance taxes be addressed to encourage greater uptake of cover...
'Confusing question': insured wins dispute over condition of home
20 September 2023
A homeowner has successfully challenged her insurer’s decision to decline a storm damage claim over misrepresentation of the property’s condition, after a dispute ruling found she answered questions based on an “honestly held belief”...
Insurance Brands Australia acquires NSW broker
20 September 2023
Insurance Brands Australia has acquired Wagga Wagga-based Peacock Insurance, integrating it into its Insurance House broking operation...
INsight podcast: we're all going on a European tour
20 September 2023
The latest episode of the Insurance News podcast focuses on the delegation of insurance CEOs heading to Europe...
Double trouble: El Nino, IOD declarations reinforce dry outlook
19 September 2023
An El Nino and a positive Indian Ocean Dipole are underway, reinforcing the outlook for warmer and drier conditions for much of Australia over the next three months, the Bureau of Meteorology said today...
Axa XL names casualty, financial lines heads
19 September 2023
Axa XL Australia has announced key internal appointments, promoting Kim McEwan to the position of Head of Casualty and Ewen McKay to Head of Financial Lines...
Koba set for restart with new underwriter
19 September 2023
Local telematics insurtech Koba says it has partnered with a new underwriter after its arrangement with Eric Insurance concluded in July, forcing it to pause issuing new policies or renewals...
Insurer wins dispute over covid cover for cancelled cruise
19 September 2023
A claimant who complained about limited cover after a cancelled cruise lost his dispute following an Australian Financial Complaints Authority determination...