Cover-More claims officer jailed after admitting long-running fraud
18 August 2023
A former Cover-More claims officer has been jailed for five years after admitting defrauding his employer of more than $220,000...
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Suncorp, AMA Group conclude motor repair network pricing talks
18 August 2023
Crash repairer AMA Group has concluded negotiations with Suncorp over pricing arrangements for vehicles booked into Capital Smart sites, after seeking improved terms due to inflation and supply constraint impacts exacerbated by covid disruptions...
‘Extraordinary scale’: Gabrielle, floods losses top $NZ4 billion
18 August 2023
Losses from New Zealand’s Cyclone Gabrielle and North Island floods have risen to a combined $NZ4.013 billion ($3.71 billion), based on the latest update from Swiss catastrophe data firm Perils...
WA watchdog takes Western Power to court over 2022 bushfire
18 August 2023
Building and Energy WA has commenced legal action against Western Power, alleging the state-owned electricity provider breached safety regulations that led to a massive bushfire in February last year...
Steadfast flags US expansion as profit increases
17 August 2023
Steadfast has reported a 22.5% rise in underlying full-year earnings and has flagged that it will provide details on an expected US transaction by its October annual general meeting...
CQIB unveils new board, president
17 August 2023
The Council of Queensland Insurance Brokers has elected a new nine-person board to lead the organisation at the conclusion of its annual general meeting this morning...
'I'll just get the cash': car claim denied after buyer drives off
17 August 2023
A complainant who had his vehicle stolen by a would-be purchaser will not be compensated for his losses after a dispute ruling supported his insurer’s application of a policy exclusion...
Funds available for flood-hit businesses
17 August 2023
NSW agricultural processing businesses hit by last year’s devastating flood catastrophe can apply for a share of $22 million in government funds to re-establish operations...
ASIC sets out areas for home claims handling improvement
16 August 2023
An Australian Securities and Investments Commission review of home cover claims handling has found insurers must improve their communications, project management, identification of vulnerable consumers and complaints, and resourcing...
Insurance Brands Australia names new CEO
16 August 2023
Insurance Brands Australia, which was acquired by Steadfast a year ago, has named Scott Leis as CEO...
Insurer not liable for 'alcohol-induced' cruise ship tumble
16 August 2023
A claimant who sustained severe injuries in a fall on a cruise ship after drinking alcohol will not have his medical costs covered after failing to overturn his insurer’s claim denial...
INsight podcast: everyone's talking about affordability
16 August 2023
Actuaries Institute reports on home insurance affordability provide the main talking point on the latest episode of the Insurance News podcast...
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...
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...