Daily
ASIC sets industry levy, responds to rising cost concerns
11 November 2021
The general and life insurance industry is expected to pay a total levy of about $24.702 million to support regulatory work carried out in the last financial year by the Australian Securities and Investments Commission...
Suncorp NZ targets reduced supplier emissions
11 November 2021
Suncorp New Zealand will look to extend a carbon management program that aims to reduce greenhouse gas emissions across its suppliers following a successful pilot...
Mustang owner who hit pole wins $58,000 payout
11 November 2021
A truck driver who lost control of his Ford Mustang and drove into an electricity pole shortly after leaving home for an afternoon haircut has won a large payout following a claim dispute...
NIBA releases revised draft code after 'strong criticism'
10 November 2021
The National Insurance Brokers Association has released a revised draft Code of Practice along with an Independent Reviewers report, after an earlier version was criticised by consumer groups and the compliance committee for not sufficiently raising standards...
AUB may consider international expansion
10 November 2021
AUB Group has flagged that it may explore international opportunities following an improvement program over the past two years that has leveraged scale and created a simpler business...
Insurers not liable if airlines offer full COVID flight credits: AFCA
10 November 2021
Chubb has won a dispute after it declined a claim for the cost of international flights cancelled due to COVID because the airline, which no longer flies to the original destination, offered credit for the full $5610 cost...
INsight podcast: focus on climate change
10 November 2021
The threat of climate change and the industry's part in responding to it is the main topic of discussion in the latest Insurance News podcast...
La Nina holds off for now, but floods still feared
09 November 2021
A La Nina weather system has not yet formed, but the Bureau of Meteorology warns that above average rainfall and flooding could still occur this spring and summer...
icare sounds out workers' comp providers
09 November 2021
NSW state-owned insurer icare is conducting a market study to better understand provider capabilities and experience in workers’ compensation claims and injury management services...
Insurer not 'compelled' to sell new travel policy at old premium
09 November 2021
A complainant who was not told by XL Insurance Company SE that he would have to pay twice as much to take out a new travel policy has lost his case...
RIMS backs US pandemic cover bill
09 November 2021
The Risk and Insurance Management Society has backed a bill reintroduced into the US Congress to create Government-backed cover for pandemics following development of the proposal last year...
Storms catastrophe claims soar to almost 60,000
05 November 2021
Wild weather that swept across SA, Victoria and Tasmania last week has resulted in almost 60,000 claims so far...
Steadfast Convention to return after COVID hiatus
05 November 2021
The Steadfast Convention will return in Adelaide next March after the annual event was cancelled for the previous two years due to the COVID-19 pandemic...
Underwriting agency announces CEO exit
05 November 2021
SLE Worldwide Australia CEO Brad French will leave the underwriting agency at the end of the year after more than two decades of service...
Insurer refuses to let customer withdraw suspect claim
05 November 2021
Suncorp refused to let a customer withdraw a motor insurance claim, instead choosing to decline it on the basis of fraud...
Suncorp raises perils cost outlook to $1.1 billion
04 November 2021
Suncorp has raised its full-year outlook for natural hazard costs to around $1.1 billion, with last week’s SA and Victorian storms expected to generate the highest level of claims for weather events to date this financial year...
Howden expands into New Zealand
04 November 2021
International broking group Howden announced today it is expanding into New Zealand, after setting up Australian operations earlier this year.
McLardy McShane announces 'most significant investment'
04 November 2021
Melbourne-based broker McLardy McShane Group has expanded again with the acquisition of a 30% stake in Perth-based brokerage and authorised representative network Apollo Risk Services, its most significant investment so far...
INsight podcast: cyber, catastrophes and COVID travel cover
04 November 2021
The evolving cyber threat is the focus of the latest Insurance News podcast, as concerns continue to grow about soaring claims and premiums...
High Court BI appeal tipped as Full Court hearing set to start
03 November 2021
The second business interruption insurance test case may not be finalised until this time next year given a Full Court appeal outcome is likely to be taken to the High Court, legal firm Herbert Smith Freehills says...