Daily
Underwriting agency re-enters amusement, leisure industry
11 August 2021
Specialist underwriting agency Coversure has resumed offering public liability insurance for the amusement, leisure and entertainment industry after securing a “line slip” facility with a new capacity provider in the UK...
Woman loses dispute over payout to estranged husband
11 August 2021
A woman who says Suncorp was wrong to pay her husband, who she was divorcing, $14,000 after their 2013 Kia Optima was assessed as a total loss has lost a claim dispute...
INsight podcast: BI win boosts industry
11 August 2021
The insurance industry's business interruption court win over The Star Entertainment Group is the main topic of conversation on this week's Insurance News podcast. ..
UN climate report points to dire outlook
10 August 2021
Droughts, heatwaves, bushfires and other weather events in Australia are set to worsen in terms of severity and frequency as climate change accelerates, according to the latest United Nations report released overnight...
Willis sues former CKA director over lost clients, staff
10 August 2021
Willis Australia has filed legal action against a former director of Perth-based brokerage CKA, which it bought for about $95 million, following the loss of clients and employees to his new firm Unicorn Risk Solutions...
Suncorp sees reinsurance pool clarity towards year-end
10 August 2021
Suncorp CEO Steve Johnston says greater clarity around the design of the northern Australia reinsurance pool is likely to emerge towards the end of the year...
Austbrokers Comsure, WRI agree to merge
10 August 2021
Brisbane-based Austbrokers Comsure and WRI Insurance Brokers in Sydney will join forces, creating a “broking powerhouse” with $120 million in combined annual gross written premium and more than 20,000 clients, the two AUB-backed businesses announced today...
Choice attacks landlord insurers over 'unjust' pursuit of renters
06 August 2021
Insurers are unfairly pursuing renters for accidental property damage costs after their landlords make claims, consumer group Choice and legal centre WEstjustice say...
Hollard Chairman steps down, Dransfield joins as director
06 August 2021
Hollard says Chairman Duncan West will step down next month as part of a board renewal process, with Non-Executive Director Katrina Barry to take on the position in the interim until a permanent replacement is appointed...
Darren O'Connell leaves Suncorp after 35 years
06 August 2021
Suncorp EGM Commercial & Intermediaries Darren O’Connell has left his position, the insurer confirmed today...
Man with undisclosed drug charges loses claim dispute
06 August 2021
A homeowner has lost a dispute over a fire damage claim after he failed to read policy renewal letters or disclose three criminal convictions for possessing methylamphetamine...
Court backs Chubb over The Star BI claim denial
05 August 2021
The Federal Court has today found in favour of Chubb and other insurers in a dispute with The Star Entertainment Group over business interruption cover related to the COVID-19 pandemic...
'Get jabbed': insurers join COVID vaccination push
05 August 2021
Australia’s largest insurers are urging eligible staff to get vaccinated against COVID-19 and some say they might participate in an employer-assisted vaccine roll-out, as locked-down Sydney targets high levels of protection...
Some pricing levelling out, capacity difficult: Gallagher
05 August 2021
Gallagher says there’s some evidence of price increases levelling out but across the board insurers are assessing which areas of the market they want to participate in and overall there’s significantly less capacity than previously...
Insurance Advisernet must pay $38,000 to underinsured business
05 August 2021
Insurance Advisernet Australia has been ordered to pay almost $38,000 to a marine business after the cover its broker arranged left the owner significantly underinsured, resulting in 42% being sliced from a claim payout...
NIBA project sets out 2025 goals for broking industry
04 August 2021
The National Insurance Brokers Association has shared with members the outcome of a strategic project that focuses on the future of the industry amid a raft of challenges including regulatory pressures...
Building costs surge boosts underinsurance risks
04 August 2021
A surge in construction costs during the COVID-19 pandemic has put homeowners at “extreme risk” of underinsurance, MCG Quantity Surveyors has warned...
COVID support programs slash Genworth claims
04 August 2021
Genworth Mortgage Insurance posted an underwriting profit of $88 million in the first half, up from $53 million a year earlier, boosted by a stronger economy, a jump in house prices and COVID support measures aimed at relieving borrower stress...
INsight podcast: AFCA's pledge to improve
04 August 2021
The Australian Financial Complaints Authority's pledge to improve is the focus of the latest Insurance News podcast...
Court rules on Willis Re gardening leave dispute
03 August 2021
The NSW Supreme Court has ruled a two-year restraint was unreasonable for a Willis Re senior executive who resigned to move to rival reinsurance broker Guy Carpenter in order to avoid the Aon merger, while it also found he was told to lie to clients about being “on leave” as part of damage control...