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...
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...
22 September 2023
Australia’s ageing transportation networks are in need of a “comprehensive” seismic risk assessment, Risk Frontiers says in a briefing note...
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...
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...
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...
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...
21 September 2023
The Bureau of Meteorology has released a formal record of the record-breaking floods across eastern Australia during last spring...
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...
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”...
20 September 2023
Insurance Brands Australia has acquired Wagga Wagga-based Peacock Insurance, integrating it into its Insurance House broking operation...
20 September 2023
The latest episode of the Insurance News podcast focuses on the delegation of insurance CEOs heading to Europe...
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...
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...
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...
19 September 2023
A claimant who complained about limited cover after a cancelled cruise lost his dispute following an Australian Financial Complaints Authority determination...
15 September 2023
The Insurance Council of Australia has written to the Campaspe Shire Council in northern Victoria urging it to reconsider a decision to approve the construction of 16 townhouses on flood-prone land near the Murray River...
15 September 2023
Insurers have paid out more than $NZ2 billion in claims from this year’s twin disasters of the Auckland floods and Cyclone Gabrielle...
15 September 2023
The next 10 years are a “critical window” for the insurance industry to play its part in mitigating nature-related risks, Insurance Council of Australia CEO Andrew Hall says...
15 September 2023
A theft victim who claimed for contents allegedly stolen from his home will not be reimbursed after a dispute ruling determined that the items were taken before an insurance policy had been incepted...