23 June 2023
The Australian Securities and Investments Commission says a systemic failure by insurers to deliver on pricing promises has seen more than 5.6 million consumers overcharged $815 million for their policies...
23 June 2023
Legislation for the Compensation Scheme of Last Resort has secured passage in the Senate, clearing the way for the establishment of the Hayne royal commission-backed reform to provide financial redress for consumers...
23 June 2023
Insurer IAG has told a Victorian inquiry into the state’s devastating floods last year that high risk communities should consider planned relocation...
23 June 2023
An Australian Financial Complaints Authority decision requires an underwriting agency to pay maximum non-financial compensation and provide a detailed scope of works for a house fire claim after finding that it did not “adequately communicate” with homeowners...
22 June 2023
Beauticians in the Victorian regional city of Bendigo and Melbourne’s Altona Meadows have lost disputes over cover for shut-downs during the pandemic because the State Government orders were not “as a result of” virus outbreaks within 20km of their businesses...
22 June 2023
Johns Lyng Group will press on with expanding its disaster recovery works capability to keep up with demand from insurance clients and governments...
22 June 2023
A third of the claims for two record-breaking New Zealand weather events have so far been paid out from the estimated $NZ3.18 billion bill...
22 June 2023
A new era in mitigation funding is discussed by the panel on the latest episode of the Insurance News podcast...
21 June 2023
The Australian Consumers Insurance Lobby has asked Assistant Treasurer Stephen Jones to commission a report or inquiry into “market failure in the general insurance sector” as climate change and emerging risks exacerbate affordability and availability challenges...
21 June 2023
Southern Cross Travel Insurance says covid is still frequently disrupting travel plans and showing up in hundreds of its claims, making up 11% of all payouts across Australia and New Zealand...
21 June 2023
This year’s Dive In diversity and inclusion festival, to be held September 26-28 worldwide, will focus on the theme Unlocking Innovation: The Power of Inclusion...
21 June 2023
A complainant whose caravan was washed away by floodwaters has lost a challenge to increase his insurance payout above the agreed value on his policy...
20 June 2023
Severe weather caused 36% of NRMA Insurance autumn home claims nationally, though Queensland had its quietest autumn for wild weather damage in more than six years...
20 June 2023
Lismore City Council has outlined plans to prevent inappropriate development and to introduce stronger flood protection rules in new buildings as part of changes to take account of rising risks from more severe weather events...
20 June 2023
A burglary victim who sought cover has lost her claims dispute after she failed to inform her insurer of a previously declined claim...
20 June 2023
PassportCard Australia has resumed travel insurance sales after months of preparations to restart operations here...
16 June 2023
Suncorp has outlined a $25 million jobs and investment package, which includes developing a disaster response centre in Brisbane, as part of bank sale commitments agreed with the Queensland Government...
16 June 2023
Elise Pedersen has been appointed Chief Commercial Officer at Arteva Funding, replacing Brisbane-based Bob Dodd who will transition to the role of Commercial Director to focus on expansion and business development...
16 June 2023
A property owner who sought payment after tenants turned his home into a cannabis lab has lost his claim dispute...
16 June 2023
Consulting and technology firm Xceedance has suggested Australia should consider introducing a statutory scheme for public liability insurance given difficulties faced by many organisations in gaining affordable and suitable cover...