Daily
Grapefruit-sized hailstones set new record
20 October 2021
Record “grapefruit-sized” hailstones measuring 16cm in diameter hit the Queensland region of Yalboroo, north of Mackay, yesterday as severe thunderstorms developed across eastern parts of the state during the afternoon and evening...
'Show must go on': report backs amusement parks mutual
20 October 2021
The Australian Small Business and Family Enterprise Ombudsman has given preliminary backing for a discretionary mutual fund as a solution to the insurance crunch facing amusement park, leisure and recreation operators...
INsight podcast: rights and wrongs of ransomware payments
20 October 2021
Criticism of insurers for reimbursing ransom payments is discussed in the latest Insurance News podcast...
'Some insurers better than others' as claim handling times extend
19 October 2021
Claims handling times have increased and there’s a significant difference between the performance of different insurers in the current environment, Gallagher says...
CBN to acquire Community Insurance Solutions
19 October 2021
Community Broker Network has reached an agreement to acquire Community Insurance Solutions from Bendigo and Adelaide Bank...
'Dishonest' truck driver on workers' comp must repay $70,000
19 October 2021
A truck driver who fraudulently received workers' compensation payments has been convicted and ordered to repay more than $70,000...
Private sale exclusion wipes out car theft claim
19 October 2021
A decision by Suncorp to deny a claim for a stolen car, relying on an exclusion in relation to theft arising from a private sale, has been upheld by the Australian Financial Complaints Authority...
Trial under way in NSW councils’ class action against JLT
15 October 2021
A trial that could last more than three weeks is under way in the NSW Supreme Court as a class action over local government insurance mutuals comes to a head...
Suncorp fills top broker partner role
15 October 2021
Michael Miller has been appointed EGM Commercial & Intermediated at Suncorp following the departure of Darren O’Connell after 35 years at the insurer...
ASIC takes Federal Court action against IAG
15 October 2021
The Australian Securities and Investments Commission has filed Federal Court action against IAG over a failure to honour customer discount promises that it alleges totalled around $60 million...
Policyholders raise alert on cyclone pool design
15 October 2021
The Northern Australia Insurance Lobby has sounded the alert over a number of issues they say could reduce the effectiveness of the Government-backed cyclone reinsurance pool...
Workers' comp claims set to rise as economy reopens: Finity
14 October 2021
Workers’ compensation claims are likely to increase when the economy opens up, as states and territories transition to “living with COVID-19”, actuarial firm Finity has warned in a new report...
Gallagher's Simmonds joins specialist underwriting agency
14 October 2021
SME-focused specialist underwriting agency Fusion says Katherine Simmonds has joined the business as Managing Partner based in Sydney...
Liability issues a priority for new ICA advisory council
14 October 2021
Adventure tourism and carnival businesses and areas impacted by potential abuse claims are among the priorities in looking at cover affordability and availability problems, the Insurance Council of Australia’s says, as its new Business Advisory Council begins work...
Loyal insured's claim denied after 'rookie mistake'
14 October 2021
A motorist who has been with the same insurer for 43 years had a claim denied after her vehicle was stolen from outside her home while she was in a distressed state about her father’s worsening health...
Cyclone reinsurance pool on track for July: Sukkar
13 October 2021
The Government-backed Northern Australian cyclone reinsurance pool is on track to start in July, with details likely to be released next year shortly before legislation is introduced into Parliament, Assistant Treasurer Michael Sukkar said today...
Broker's notes, emails help win dispute over hire car cover
13 October 2021
A Gallagher client who claimed the broker failed to arrange appropriate rental insurance cover for its hire fleet, and is therefore liable for the repair costs of one of its cars and a third-party vehicle, has lost its dispute...
Reporting of ransomware payments to be mandatory
13 October 2021
A new law is to be introduced requiring the reporting of ransomware incidents as the Australian Government makes clear it does not condone conceding to the demands of cyber criminals...
INsight podcast: test case win, and what it means
13 October 2021
Insurers' overwhelming win in the second COVID-19 business interruption test case is the main topic for discussion on the latest Insurance News podcast...
Report urges ban on insurer-funded ransomware payments
12 October 2021
A critical report released today says cyber insurers should be banned from making “ransom or extortion” payments, and suggests insured businesses could become complacent about cyber security...