Daily
Industry needs national framework for claims response: Suncorp
23 September 2021
Suncorp Group CEO and MD Steve Johnston has urged state and federal governments to agree on a national approach for the industry to respond to natural disasters ahead of the looming peak hazard season...
Mental health ranks alongside cyber as business risk
23 September 2021
Australian businesses face an urgent financial imperative to address mental health and other people risks, with premiums in related lines rising and the pandemic increasing stresses, Mercer Marsh Benefits says...
ICA warns of disaster chasers as insurers battle hailstorm claims backlog
23 September 2021
The Insurance Council of Australia is warning Queensland residents to watch out for “disaster chasers” eleven months after last year's Halloween hailstorm...
Insurers receive claims after 5.9 magnitude earthquake strikes
22 September 2021
Insurers have already received a small number of claims after one of the largest earthquakes on record to hit eastern Australia struck today, causing damage to buildings but no reported serious injuries...
Intermediary premium tops $14 billion
22 September 2021
General insurance intermediaries placed about $14.1 billion in premium in the six months to June 30, up from almost $12.5 billion a year earlier, according to a bi-annual update from the Australian Prudential Regulation Authority...
Aon names new Australia CEO as Baum takes up London role
22 September 2021
Aon MD for Specialties Jennifer Richards will become CEO Australia on October 1, replacing James Baum who is taking up a new role in London as UK Head of Commercial Risk on the same date...
INsight podcast: ICA responds to affordability challenge
22 September 2021
The Insurance Council of Australia's new Business Advisory Council is the main focus on the latest Insurance News podcast, as the industry looks to address premium affordability challenges...
IAG risk chief resigns to join Bank of Queensland
21 September 2021
IAG Chief Risk Officer David Watts has resigned to take up a similar role with Bank of Queensland early next year...
Aon backed after PI policy fails to cover fine
21 September 2021
A policyholder in the real estate sector whose professional indemnity policy did not provide cover for an $18,000 fine related to lodgement of bonds has lost a complaint against broker Aon Risk Services Australia...
'It's not the same for everyone': Dive In on intersectionality
21 September 2021
The Dive In festival for diversity and inclusion in insurance got underway today with a discussion on “intersectionality” – the principle that different aspects of a person’s identity can expose them to overlapping forms of discrimination...
QBE research reveals water damage risk
21 September 2021
New research from QBE Insurance has revealed the risk of water-related damage incidents is high even as many are working from home because of COVID-19 lockdowns, reinforcing the need to conduct regular maintenance and checks...
Not again! La Nina likelihood increases
17 September 2021
The chances of a flood-inducing La Nina weather system forming this year have risen, just six months after the last such event came to an end...
Allianz add-on class actions to be combined
17 September 2021
Two class actions against Allianz Australia over add-on insurance sold through car dealerships are set to be combined following a Victorian Supreme Court decision this week...
Jarrod Hill starts as IAG intermediated head
17 September 2021
Jarrod Hill has taken up the role of IAG Intermediated Insurance Australia Group Executive, tasked with improving the performance of the division...
Landlord claiming COVID is 'civil commotion' loses dispute
17 September 2021
RAA Insurance has successfully argued that its policy term "civil commotion" refers only to something similar to a riot, and not to COVID-19 as a landlord customer insisted during a claim dispute hearing...
Vero wins Gold Mansfield Award
16 September 2021
Vero has won the Gold Mansfield Award for overall excellence in claims handling for a second straight year...
Insurer falls victim to email scam
16 September 2021
The local branch of a global insurer wired hundreds of thousands of dollars to fraudsters who sent emails impersonating the company’s CFO, a court has heard...
Criminal charges filed against CBA over CCI mis-selling
16 September 2021
The corporate watchdog filed 30 criminal charges in the Federal Court today against Commonwealth Bank of Australia, alleging the lender made “false or misleading representations” to sell consumer credit insurance products...
IAG ordered to settle vineyard's smoke tainted crop claim
16 September 2021
IAG has lost a dispute after it denied a NSW vineyard’s claim for the cost of an unsalvageable grape crop after bushfire, saying the loss was caused by smoke not flames and that its policy only covered loss of quantity, not quality of grape berries...
BI arguments pressed as test case hearings conclude
15 September 2021
Lawyers have put forward final arguments to conclude eight days of hearings in the Insurance Council of Australia second business interruption test case related to COVID-19 cover...