Daily
Trowbridge strata review targets 'opaque' disclosure
31 March 2022
Strata insurance is convoluted and property owners face a lack of transparency around commissions received by their management companies and fees paid to brokers, a consultation paper that’s part of a Steadfast-commissioned independent review says...
Man who crashed into childcare centre during protest loses dispute
31 March 2022
A Holden driver who failed to see a concrete divider after being persuaded to abandon a nighttime protest he was staging at his daughter’s childcare centre has lost a claim dispute with his insurer...
Suburb named Paradise at most risk from climate change
31 March 2022
Queensland’s Paradise Point is Australia’s suburb with most property value at risk from the effects of climate change on the nation’s coast, with NSW’s Cronulla and Manly, and Victoria’s Port Melbourne and Aspendale rounding out the top five...
Parts of NSW inundated again as rough weather strikes
30 March 2022
Evacuations are underway in flood-affected parts of NSW, including Lismore, after a low-pressure system inflicted another round of heavy rain, storms and wind on the state’s battered communities...
Budget disaster resilience spending 'falls short'
30 March 2022
The Federal Budget has disappointed insurers on the level of resilience and mitigation spending as the Queensland and NSW flooding catastrophe highlights the long-term cost of natural disasters...
Cyclone pool expansion possible after future review: Labor
30 March 2022
Labor would consider expanding the cyclone reinsurance pool’s scope to include floods more widely as part of a future review but would not hold up the passage of legislation to make the change, Senator Jenny McAllister told Parliament today...
INsight podcast: getting ahead on cyber
30 March 2022
The Insurance Council's paper on cyber insurance and the many issues it faces is the main topic of discussion on the latest Insurance News podcast...
'Last thing we need': flood recovery hampered by more wild weather
29 March 2022
The Insurance Council of Australia says at least 14 recovery centres, including Lismore and Mullumbimby in NSW, have closed in the past 24 hours to ensure the safety of staff and community members as more rough weather hits...
Lloyd's CEO Neal in hospital after bike accident
29 March 2022
Lloyd’s CEO John Neal is in hospital after sustaining serious injuries in a bike accident on the weekend but is expected to make a full recovery...
Allianz Deputy MD set to depart
29 March 2022
Allianz Australia says Deputy MD Helen Silver is finishing her tenure on Thursday after eight years with the insurer...
Home guarantee expansion sparks LMI concerns
29 March 2022
The Insurance Council of Australia says an expansion of the Federal Government’s home buyer support scheme has raised concerns over potential impacts on the lenders mortgage insurance market...
QBE announces high-level staff changes
25 March 2022
QBE has “reorganised its Australian operating model”, leading to new roles and the departure of Phil White, who has worked with the company since 2006...
Lloyd's earnings recover, Australia business outperforms
25 March 2022
Lloyd’s reported a profit before tax of £2.3 billion last year, an improvement from the £900 million loss incurred in 2020 as the business focused on underwriting profitability and leveraged favourable trading conditions to achieve premium growth...
SCA puts focus on insurance in election priorities
25 March 2022
Making insurance affordable and accessible and addressing building defect problems are key planks in a Strata Community Association federal election campaign document outlining priorities for the next government...
Homeowner wins $45,000 accommodation top-up after leak
25 March 2022
A NSW resident who is still waiting for repairs to be carried out after a flexi hose burst in her upstairs bathroom almost two years ago has won a large payout and compensation for delays in a claim dispute over her temporary accommodation benefit...
'Pass cyclone reinsurance bill': Senate inquiry
24 March 2022
A Senate committee inquiry into the cyclone reinsurance pool has recommended that Federal Parliament pass the legislation, despite shortcomings pointed out over its scope and doubts over the level of savings that will be achieved...
'Unprecedented' summer drives up claims, worry levels
24 March 2022
Home claims were up sharply this summer even before the flood catastrophe, and amid an unprecedented season of extreme weather Australians are increasingly worried about disaster trends, NRMA Insurance says...
Gone in 90 seconds: insurer wins dispute over theft of unlocked car
24 March 2022
An IAG customer whose car was brazenly stolen when his partner briefly left it unlocked while popping inside to collect their baby has lost a claim dispute...
WTW partners RIMS to help manage 'high impact' threats
24 March 2022
Global brokerage WTW has announced a partnership with US-based Risk and Insurance Management Society to advance the practice of risk management for organisations in the Asia Pacific, with the aim of helping them manage a growing array of “high impact” threats such as climate, geopolitics and cyber...
JobKeeper key issue in High Court BI appeal
23 March 2022
The High Court will be asked to overturn a ruling on whether JobKeeper support payments should be taken into account when calculating business interruption payments for pandemic disruptions, but a decision on whether the matter will be considered is months away...