Daily
State insurer to cover out-of-home care after market failure
17 September 2024
State insurer icare will offer physical and sexual abuse cover for contracted providers of youth homelessness and other out-of-home care services in NSW, providing a long-term solution for the challenging niche...
Suncorp chief to head ICA board as Hawkins nears end of term
17 September 2024
Suncorp CEO and MD Steve Johnston will chair the Insurance Council of Australia board from January 1...
Vehicle collector denied cover over ‘theft’ of sale proceeds
17 September 2024
An “avid car collector” who was not paid when his VW Kombi was sold will not be covered for his loss after the dispute authority found his insurance policy should not respond...
ACT Liberals promise strata commissioner
17 September 2024
The ACT Liberal opposition says it will establish a strata and building quality commissioner if it wins government in next month’s election...
Howden buys Sydney brokerage portfolio
16 September 2024
Global intermediary group Howden has acquired the client portfolio of Collegial Insurance Services...
Lawyers call for ‘strata cops’ to target bad actors
13 September 2024
The Australian College of Strata Lawyers says independent and properly resourced enforcement agencies are needed to better protect property owners and sector-wide structural change is required on insurance commissions...
Lockton builds claims focus, recruits former Gallagher head
13 September 2024
Former head of claims at Gallagher, Adam Squire, has taken up the same position at Lockton as the independent brokerage looks to expand its claims offering...
Dog owner loses payout battle after pet attacks neighbour
13 September 2024
A man who claimed against a legal liability cover after his dog attacked a neighbour has lost his bid to overturn his insurer’s denial decision...
States react to strata allegations, back national probe
12 September 2024
The Queensland and Victorian governments have expressed concern at strata management problems highlighted by Four Corners this week, while NSW says it would support a national inquiry...
Traveller loses battle with insurer over obesity non-disclosure
12 September 2024
A woman who was hospitalised on holiday will not be covered for her expenses after the complaints authority sided with her insurer, which found her illness stemmed from morbid obesity that she did not declare...
Insurance News backs R U OK? Day through wellbeing survey
12 September 2024
Insurance News is donating to mental health organisation R U OK? as part of this year’s industry wellness survey...
Cost keeps small businesses from upgrading cybersecurity
12 September 2024
IAG-owned insurer AMI has warned small businesses not to underestimate cyber threats after its research found cost is the main factor stopping many from investing in digital protections...
Analysts flag market impacts as spotlight falls on strata
11 September 2024
Improved disclosure to strata customers may be necessary and market share impacts for Steadfast are possible following this week’s Four Corners program and increased scrutiny on vertically integrated brokers, Morningstar says...
Johns Lyng defends ‘robust and transparent’ practices
11 September 2024
Building services provider Johns Lyng Group says it is committed to transparency and integrity in response to ABC reports this week criticising the strata industry...
Labor to ban use of genetic test results in life underwriting
11 September 2024
The federal government will bar life insurers from using genetic test results to assess underwriting risks, a move that has the backing of the industry...
INsight podcast: the ABC of strata
11 September 2024
The ABC's strata investigation is the main issue discussed on the latest episode of the Insurance News podcast...
‘Deep concern’: call for Treasurer to hold strata inquiry
10 September 2024
Consumer groups have urged Federal Treasurer Jim Chalmers to launch a public inquiry into the strata management industry following last night’s Four Corners program...
Steadfast announces ‘further review’ after ABC allegations
10 September 2024
Steadfast's trading halt has been lifted, and it has announced a review to flush out “inappropriate” behaviour following allegations about the listed group made as part of the ABC’s Four Corners strata exposé, which aired last night...
State probes claims against strata commissioner
10 September 2024
The NSW government has confirmed it is examining claims made against strata commissioner John Minns, whose business interest in a property management firm was flagged in the ABC’s Four Corners program yesterday...
icare ‘sorry’ over dust disease pay errors
10 September 2024
NSW state insurer icare says about 300 participants in its dust diseases scheme were underpaid...