Gallagher buys Darwin brokerage
15 August 2023
Gallagher has acquired Insurance Risk Solutions in Darwin, saying the purchase will boost its existing presence in the NT and expertise including rural and pastoral insights...
Daily
Queensland widens eligibility for home-raising assistance
15 August 2023
The Queensland Government says up to 1000 additional homeowners inundated by major flooding will be eligible for funding to raise property heights following a change in program criteria...
Former insurance executive launches consultancy
15 August 2023
A consulting firm focused on strategic execution, growth, and business effectiveness has been launched today by former insurance executive Lisa Jeffery...
‘Drugged’ traveller loses claim dispute after inviting woman to room
15 August 2023
A traveller who alleged a luxury watch and other items were stolen after he had been drugged by a young woman he met at a bar has lost his claims dispute...
Hawaii fires ‘portent of what Australia will experience’
11 August 2023
The destructive wildfires in Hawaii are a reminder to Australia of the risk it faces this summer as the threat of El Nino looms, a University of Tasmania fire science expert has warned...
Homeowner wins dispute after faulty window injures friend’s hand
11 August 2023
A homeowner has won a court dispute after a friend opened a bedroom window and it suddenly fell, trapping her hand between the upper and lower sashes until emergency services were able to release it around 15 minutes later...
Broker segment to lead insurance sector M&A recovery
11 August 2023
Mergers and acquisitions in the global insurance industry dropped sharply in the first half, though law firm Clyde & Co expects the volume of transactions to start to rise again towards the end of the year, with the broker segment “leading the way”...
Insurer must pay claim for storm-damaged pool
11 August 2023
A complainant who sought cover for storm damage to their swimming pool has won a claims dispute...
QBE examines property exposures after NZ, US catastrophes
10 August 2023
QBE is examining risk exposures within its global property portfolio following changes in the reinsurance market and as storms and floods in the US and New Zealand impacted underwriting results in the first half...
Employer not liable after resort worker urinates on colleague
10 August 2023
The High Court has ruled against a Daydream Island food and beverage supervisor who sought to have his employer held vicariously liable after a co-worker sharing their room urinated onto his face while he was sleeping, causing a cataplectic attack...
Caravan park group releases insurance affordability roadmap
10 August 2023
The Caravan Industry Association of Australia has released a five-point industry approach outlining efforts to collaborate with insurers to help solve affordability and accessibility challenges...
Insurer allowed to limit cover for theft of solid gold belt
10 August 2023
A policyholder who had her 22-carat gold belt stolen during a burglary has lost her challenge to increase her insurer’s payout after it limited its liability to $25,000...
Suncorp unveils executive changes with new consumer, commercial functions
09 August 2023
Suncorp announced today key operational changes that will see CEO Insurance Product Portfolio Lisa Harrison and EGM Commercial Insurance Michael Miller taking up new roles in the business...
Suncorp posts strong earnings
09 August 2023
Suncorp earnings rose sharply in the last financial year, underpinned by its core insurance operations as the business pushed through price rises in the face of increased claims and hazards expenses as well as other cost pressures...
Argis Underwriting secures new farm capacity
09 August 2023
Argis Underwriting says it is once again arranging cover for Australian farm risks after securing new capacity with Newcastle-based Pacific International Insurance, which is owned by South Africa’s Badger International...
INsight podcast: bombs away as inquiry terms launched
09 August 2023
The terms of reference for the parliamentary inquiry into insurers' response to last year's floods are the main topic of conversation on the latest edition of the Insurance News podcast...
‘Complex and unaffordable’: consumers press reforms
08 August 2023
Home and contents policies need to be “simpler and fairer”, insurers should be proactive on underinsurance and more assistance for low-income households is needed as customers struggle to access and afford cover in a changing climate, consumer groups say in a report released today...
PSC acquires Australian underwriting agency
08 August 2023
PSC Insurance Group has announced an agreement to acquire Ensurance, an underwriting agency specialising in professional and financial lines...
French firm takes stake in ANA Chartered Loss Adjusters
08 August 2023
ANA Chartered Loss Adjusters will rebrand as vrs ANA and be part of the Adenes Group after selling a minority stake to French loss adjuster vrs Vering...
Policyholder wins dispute over 'misrepresented' driving history
08 August 2023
A complainant who had his claim denied after failing to provide additional information relating to licence suspensions will be covered for his losses after a dispute ruling found in his favour...