05 September 2023
Greater competition following new capacity entering the market and improvements in insurers’ profitability have driven an easing in overall rate increases across the construction sector, WTW says in a mid-year update...
05 September 2023
Registration for the insurance industry’s 2023 global diversity, equity and inclusion festival is now open, with more than 130 events in 35 countries on offer...
05 September 2023
A complainant who sought cover after two porcelain crowns in his front teeth broke has lost a dispute after trying to claim under his home contents policy...
05 September 2023
Legislation for the Financial Accountability Regime passed the Senate today, paving the way for the commencement of stronger conduct standards for directors and senior executives...
01 September 2023
Crash repairer AMA Group says its Chairman Anthony Day has retired effective today after nearly five years on the board and CEO Carl Bizon will leave his role at the annual general meeting on November 23...
01 September 2023
Suncorp’s new Commercial & Personal Injury function starts this month led by CEO Michael Miller, who was previously EGM Commercial Insurance...
01 September 2023
An NSW manufacturing business that had its optional flood cover cancelled has lost its challenge to reinstate it after a dispute ruling found the insurer’s decision was fair...
01 September 2023
Pre-emptive buybacks to move residential properties from high risk locations should be considered as a resilience measure following the introduction of the post-flood schemes in Queensland and NSW, the World Insurance Congress Australia has heard...
31 August 2023
Plaintiff law firm Slater and Gordon is looking into potential class actions against IAG over alleged pricing misconduct arising from the use of algorithms to set home premiums...
31 August 2023
The corporate regulator has launched court action against five former directors of funeral insurer Youpla Group, which used high pressure tactics to sell near-worthless products to mostly Indigenous customers, as exposed during the 2018 Hayne royal commission...
31 August 2023
A former school principal who faked a serious mental injury to scam the Victorian WorkCover scheme while secretly operating a childcare centre has been jailed for 22 months...
31 August 2023
A property owner who alleged termite damage to his home stemmed from storm and flooding events has lost his claims dispute following an Australian Financial Complaints Authority decision...
30 August 2023
The insurance sector is most exposed to climate change and the toll will have consequences for the Australian economy, incoming Reserve Bank of Australia Governor Michele Bullock warns in a speech...
30 August 2023
Hurricane Idalia is intensifying and is expected to make landfall in Florida at Category 4 strength, bringing “extremely dangerous” conditions, US forecasters have warned...
30 August 2023
A Victorian homeowner who sought cover for cracking and movement damage to her property following an earthquake will not have her claim paid after a dispute ruling backed her insurer...
30 August 2023
IAG's ongoing pricing promises nightmare is the main discussion point on the latest episode of the Insurance News podcast...
29 August 2023
Strata premiums have started the new financial year with increases nationally of about 15-20%, while limited options are available for riskier buildings, a Honan quarterly report says...
29 August 2023
Johns Lyng Group has achieved better than expected earnings for the year to June 30, powered by its core Insurance Building and Restoration Services division...
29 August 2023
A complainant whose home was rendered unliveable for more than a year due to delayed repairs to water damage has won her claims dispute to receive compensation for rental losses...
29 August 2023
Management consulting firm The Bridge International has appointed former Suncorp executive Graeme Browne as an associate...