Daily
Hardening commercial rates 'tailwind' for post-COVID upswing
15 July 2021
Swiss Re predicts non-life premium volume globally will grow at a stronger 2.8% this year and 3.7% in 2022 from 1.5% last year, lifted by what it says is “the strongest rate hardening for two decades in commercial lines”...
Tasmania enters 'new era of bushfire risk': Zurich
15 July 2021
A comprehensive Zurich study examining Tasmania’s devastating bushfires of 2018/19 and the experience of authorities and affected groups finds the island state has entered a “new era of bushfire risk”...
Law firm cans its broker exposure report
15 July 2021
Clyde and Co has taken down a report that warned Australian insurance brokers could be exposed to claims as a result of COVID-19 business interruption cover and the hard directors’ and officers’ market...
Under-fire brokerage challenges accuracy of ASIC statement
14 July 2021
A Steadfast network brokerage subject to court-imposed freezing orders has accused the corporate regulator of publishing a “misleading and inaccurate” statement...
NIBA names Queensland broker award winners
14 July 2021
Two members of the team at Sunshine Coast brokerage Crucial Insurance and Risk Advisors were today crowned Queensland’s 2021 National Insurance Brokers Association award winners...
INsight podcast discusses add-on take-aways
14 July 2021
Exemptions to the deferred sales model for add-on insurance are a key talking point on this week's Insurance News podcast...
ASIC obtains freezing orders against brokerage
13 July 2021
The Australian Securities and Investments Commission has obtained urgent interim orders in the Federal Court against Alliance Insurance Broking Services and its sole director Renato De Maria...
Cyclone Seroja losses top $400 million: Perils
13 July 2021
Cyclone Seroja, which attracted widespread attention when it crossed the WA coastline unusually far south, has caused insured losses estimated at $434 million, catastrophe data company Perils says...
Broker's job to read '100-pages' for client: AFCA
13 July 2021
The Australian Financial Complaints Authority has upheld a decision by Allianz to reject a farm pack customer’s claim for loss of hay in a fire incident last year, ruling he had not included the site where the blaze occurred in the policy contract...
Former RAA head joins The Bridge
13 July 2021
Former RAA Insurance CEO and previous Insurance Council of Australia board member David Russell has joined consultancy The Bridge International, offering executive coaching and mentoring...
NIBA crowns WA broker winners, reveals five-city hybrid convention
09 July 2021
GSK Insurance Brokers Senior Account Manager Jeff Booth and Albany District Insurance Brokers Account Executive Luke Cameron have won this year’s National Insurance Brokers Association awards for WA...
NSW building-rating tool aims at insurer confidence
09 July 2021
The NSW Government plans to develop a risk-rating tool for new residential buildings as part of the state’s ongoing efforts to reform the troubled construction industry and restore insurers’ confidence...
Tower CFO resigns, executive search underway
09 July 2021
Tower CFO Jeff Wright has resigned from the role and will depart at the end of the year to return home to Australia...
Sentimental value declined in statue dispute
09 July 2021
A policyholder has lost a complaint over the sum offered for storm-damaged ornaments and statues made by her late husband after it was determined the insurer’s proposed settlement was fair and it was not required to take sentimental value into account...
Insurers applaud exemptions to add-on deferred sales model
08 July 2021
The insurance industry has welcomed exemptions for a number of classes of products from the deferred sales model for add-on insurance, which starts October 5, which were revealed by the Federal Government today...
Federal Court sets second BI test case hearing dates
08 July 2021
The Federal Court will next month start hearing the Insurance Council of Australia (ICA) second test case on business interruption cover related to COVID-19, and has joined a separate QBE matter into the proceedings...
Axa XL claims head named Australia Country Manager
08 July 2021
Axa XL announced today its Sydney-based Head of Claims APAC Catherine Carlyon has been promoted to Country Manager Australia, with her appointment to take effect on August 1...
INsight podcast: code revamp reflects changing expectations
08 July 2021
The introduction of the latest version of the General Insurance Code of Practice was one of the main topics of discussion on the latest Insurance News podcast...
Extreme weather events exposing failings: report
07 July 2021
A Financial Rights Legal Centre report has detailed the leading five insurance problems faced by consumers following the Black Summer bushfires catastrophe and seven other recent extreme weather events up until April this year...
‘Unpredictable’ cyclone aftermaths key for pool
07 July 2021
Devastating unpredictable later impacts from events such as Cyclone Debbie must be considered in the design of the Federal Government’s proposed reinsurance pool, an economic development group says...