Daily
Victoria earthquake disputes heading to AFCA
28 January 2022
The Australian Financial Complaints Authority says it has received 62 complaints to date related to the Victorian earthquake last September...
Tasmania set to reintroduce home warranty insurance
28 January 2022
Tasmania is moving to reintroduce home warranty insurance in response to concerns about consumer protections amid strong building demand, after a previous scheme in the state was abolished in 2008.
Injured professional footballer wins payment dispute
28 January 2022
A professional Polish soccer player who was badly injured while training for an Australian club he was under contract to has won a claim dispute with his insurer...
Zurich sale process 'over within a month': report
27 January 2022
Zurich’s bid to sell its general insurance operations in Australia, excluding travel, will “wrap up within four weeks”, according to a media report today...
Genworth set for top LMI contract renewal, share price soars
27 January 2022
Shares in Genworth Mortgage Insurance rocketed 14% today after the Commonwealth Bank agreed to renew an exclusive agreement for the provision of Lenders Mortgage Insurance to its home loan customers...
Dad loses claim dispute after daughter crashes car
27 January 2022
A father is unable to claim on his motor policy with IAG because his daughter was driving at the time of an at-fault collision and the policy excludes under 25s...
Honey adds McGrath to growing list of investors
27 January 2022
ASX-listed real estate group McGrath Limited has invested $6.5 million in Honey Insurance and says the insurtech will provide its clients with innovative home and contents cover...
Supreme Court finds against directors over brokerage deal
25 January 2022
The Supreme Court of WA has found two Reliance Online directors breached their duties in purchasing Phil Doring Insurance Brokers in Queensland amid financial troubles and opposition from other directors...
Tributes paid to 'courageous champion' Jen Mitchell
25 January 2022
The insurance industry has come together to pay tribute to former IAG manager and workers’ compensation doyen Jen Mitchell, who died recently following a battle with cancer...
Insurers urged to 'obsess' over innovation
25 January 2022
Consultancy Accenture has listed five key trends it believes will shape the insurance industry this year as the pressure on insurers to innovate intensifies because of increased competition from insurtechs and other new entrants...
Not covered: driver's claim denied after high-speed smash
25 January 2022
A man who wrote off his car after approaching a roundabout at speeds of up to 180kmh has lost his bid to secure an insurance payout...
'Undone by greed': beef stockist caught trying to cheat WorkSafe
24 January 2022
A Victorian worker who lodged a fraudulent claim with WorkSafe Victoria while still receiving weekly benefit payments for a wrist injury sustained in 2018 at his previous job has been ordered to return more than $35,000 to the scheme...
Berkley adds PI offering to Steadfast's online trading platform
24 January 2022
Berkley Insurance Australia now offers its Professional Indemnity product on the Steadfast Client Trading Platform (SCTP), in addition to General Liability which has been available since it joined the online marketplace three years ago...
Claimant loses $25,000 battle after overseas cancer diagnosis
24 January 2022
Zurich Australia has denied a claim from a travel insurance customer who was diagnosed with prostate cancer while overseas...
Hostile cyber activity ups ante for cover gaps
24 January 2022
Government backstops may be needed to absorb some cyber risk given market challenges in insuring potentially large losses from hostile activity and with premiums rising as cover costs are recalibrated, the Geneva Association says in a report...
Small business ombudsman launches natural disaster inquiry
21 January 2022
An inquiry into small business natural disaster preparedness and resilience has launched, with the aim of helping the sector cope better with future catastrophes such as fires, floods and droughts...
Aussie insurtech secures backing from Chinese tech giant, Silicon Valley
21 January 2022
Sydney-based Reask has closed its first round of capital raising with support from Chinese tech giant Tencent and other Silicon Valley investors, boosting the insurtech’s bid to become a key natural catastrophe modeller using artificial intelligence...
No excuses: AFCA says customers should know claims history
21 January 2022
A couple who failed to remember all of their previous claims while purchasing an Auto & General motor policy have lost their claim dispute...
NZ insurer assessing impact of Tonga tsunami
21 January 2022
New Zealand insurer Tower said today it has 2500 customers in Tonga and is assessing the impact of last week’s underwater volcanic eruption and tsunami...
IAG wins court fight over factory fire
20 January 2022
IAG has successfully defended court action over a declined multi-million dollar claim after it argued that a massive fire at a Queensland bedding factory was started deliberately...