Law firm investigates class actions against IAG
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...
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ASIC takes Youpla directors to court
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...
‘Most egregious fraud’: former school head jailed for $430,000 scam
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...
Claimant denied storm cover for termite-damaged home
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...
Insurers ‘most directly affected’ by climate change: RBA
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...
Florida braces for ‘extremely dangerous’ Hurricane Idalia
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...
Insurer wins dispute over earthquake damage claim
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...
INsight podcast: pricing promises nightmare that never ends
30 August 2023
IAG's ongoing pricing promises nightmare is the main discussion point on the latest episode of the Insurance News podcast...
Strata rates rising 15-20%, riskier buildings face limited options
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...
Johns Lyng revenue tops $1.28 billion
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...
Homeowner compensated for rental loss after repairs delayed
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...
Former Suncorp executive joins consulting firm
29 August 2023
Management consulting firm The Bridge International has appointed former Suncorp executive Graeme Browne as an associate...
IAG to fight ASIC court action on loyalty discounts
25 August 2023
IAG will fight legal action launched by the Australian Securities and Investments Commission over allegations that it misled customers about loyalty discounts on certain types of home insurance...
ANZ, Suncorp apply for tribunal review of blocked bank sale
25 August 2023
ANZ and Suncorp have formally applied for a review of the Australian Competition and Consumer Commission decision to deny authorisation for the insurer’s proposed sale of its bank...
ANZIIF awards recognise top performers
25 August 2023
Insurance individuals and companies leading the way have been recognised in the annual Australian and New Zealand Institute of Insurance and Finance awards...
Claimant not covered after relative’s illness cancels holiday
25 August 2023
A traveller who was forced to cancel his trip to Fiji after he became his grandmother’s primary carer has lost his claims dispute...
Investment recovery lifts industry net profit
24 August 2023
The general insurance industry posted significantly higher net profit for the year to June 30, increasing fivefold to $4.6 billion from $900 million a year earlier, Australian Prudential Regulation Authority (APRA) figures released today show...
Queensland Government home buyback acceptance increases
24 August 2023
The Queensland Government has announced that nearly 500 homeowners have agreed to have their properties repurchased under the Resilient Homes Fund...
Homeowner wins $5400 compensation over make safe failure
24 August 2023
A homeowner has won a compensation payout after successfully arguing the insurer failed to make the property safe after it was hit by a falling tree, leading to additional damage beyond the initial incident...
Work-life balance seen as key path to talent retention
24 August 2023
Gallagher Bassett has detailed a focus on addressing work-life balance as a critical tool for employers to improve workforce retention as the industry continues to face challenges with talent shortages...