Daily
Clyde & Co launches cyber risk advisory practice
08 April 2022
Law firm Clyde & Co has launched an APAC Cyber Risk Advisory practice in response to growing demand from clients seeking support to improve their digital security...
Court orders $1.5 million Westpac penalty over add-on sales
08 April 2022
The Federal Court has ordered Westpac Banking Corporation to pay a $1.5 million penalty for mis-selling consumer credit insurance to customers who had not agreed to buy the policies...
'Acutely unsafe': driver who ignored dashboard alert loses burst tyre dispute
08 April 2022
A motorist who blamed a burst tyre on difficulty servicing his vehicle during covid lockdowns after ignoring low pressure warnings and “bad noises” as he drove home on a freeway has lost a claim dispute...
Premium spikes 'inevitable' after latest NSW/Queensland floods
07 April 2022
Insurers in Australia look set to raise rates in the coming months to cushion the financial blow of weather-related events and other natural disasters that have hit the country in the last few years, KPMG says in a report released today...
Federal Government backflips on Queensland package
07 April 2022
Prime Minister Scott Morrison says the Federal Government will pay for half the Queensland $741 million flood recovery package, after coming under fire yesterday for not providing funding...
QBE to underwrite Kogan Insurance products
07 April 2022
QBE has entered into a long-term agreement with online retailer Kogan Australia to provide home, motor and compulsory third party insurance products...
INsight podcast: code breaches, catastrophes and covid
07 April 2022
Rising self-reported breaches of the General Insurance Code of Practice are the main topic of discussion on the latest episode of the Insurance News podcast...
'Short-sighted': ICA fumes at federal snub to Queensland floods package
06 April 2022
The Insurance Council of Australia has criticised the Federal Government for refusing to support a $741 million resilience funding package proposed by the Queensland Government...
$100,000 payments for significant code breaches 'being finalised'
06 April 2022
Insurers responsible for significant breaches of the General Insurance Code of Practice can face a financial sanction of up to $100,000 – but the way in which these payments operate is still being finalised...
Vintage Jaguar driver wins balance of $130,048 payout
06 April 2022
The owner of a 1968 Jaguar E-Type two-door Roadster has won a claim dispute over a shortfall of $60,471 in his insurance payout for repairs to the vintage car...
Climate disclosure obligations bring risk for directors: WTW report
06 April 2022
Company directors in Australia and key Western economies such as the UK face potential liabilities in relation to climate change risk disclosure obligations, according to global brokerage WTW...
Brokers go ‘above and beyond’ for clients hit by pandemic, disasters
05 April 2022
Brokers went to extra lengths to help affected clients manage the financial impact arising from the pandemic, Black Summer bushfires and other natural disasters, according to an Insurance Brokers Code Compliance Committee report released today...
Tokio Marine says Greensill policies void
05 April 2022
Tokio Marine says its “extensive investigations” have determined that Greensill policies written by Australian subsidiary BCC Trade Credit are not valid due to the insured’s misrepresentations and duty of disclosure breaches...
Homebuyers lose dispute after inspection misses hail damage
05 April 2022
New homeowners have lost a claim dispute after a pre-purchase inspection failed to mention pitting over their entire roof, caused by hail stones the size of tennis balls striking the area six months earlier...
NSW flood inquiry submissions open amid recovery
05 April 2022
The NSW Government says the submissions period has opened for its six-month independent review into the state’s flooding, with the review scheduled to deliver reports by the end of June and September...
ANZIIF Australian insurance awards set for 'in person' return
01 April 2022
This year’s Australian Insurance Industry Awards will be held with guests in physical attendance for the first time since 2019, following covid disruptions last year and 2020, the Australian and New Zealand Institute of Insurance and Finance announced today...
Passenger loses dispute over knowledge of husband's inebriation
01 April 2022
An Allianz customer has lost a claim dispute after her husband consumed six pints of beer and two cans of vodka before turning a corner late on a dark and wet Friday night, sliding and hitting a telegraph pole...
APRA names new insurance executive director
01 April 2022
The Australian Prudential Regulation Authority has appointed Sean Carmody as Executive Director, Insurance, taking over from Brandon Khoo...
Zurich lops 20 years off its net zero target date
01 April 2022
Zurich has brought forward a target to achieve net-zero emissions in its operations by two decades to 2030 and partnered with Perth-based InterEarth on CO2 removal...
Time to release cyclone pool pricing: ICA
31 March 2022
Cyclone reinsurance pool pricing must be released as soon as possible to give the industry time to factor in costs and to provide visibility to policyholders on premium reductions, the Insurance Council of Australia said today following the passage of the legislation through the Senate...