Marsh brokers win NIBA Victoria/Tasmania awards
19 May 2023
The National Insurance Brokers Association has named the winners of its 2023 broking awards for Victoria and Tasmania...
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SIRA investigating unauthorised brokers over fraudulent home warranty sales
19 May 2023
The NSW State Insurance Regulatory Authority has commenced investigations into unlicensed brokers who are alleged to have sold fraudulent home building compensation insurance to residential builders...
Tasmania Government fills home warranty gap ahead of new scheme
19 May 2023
The Tasmanian Government says, following the collapse of another building company, that it has stepped in to provide cover for people affected by failures in the sector while a new home warranty insurance scheme is being established...
Shoe slip-up: complainant loses dispute over late-night theft
19 May 2023
A theft victim whose car was stolen after he left it running while he went inside to grab his shoes has lost his claims dispute...
ICA renews push for ‘public-private’ response to cyber protection gap
18 May 2023
Insurers have again pressed Canberra for more support to bridge the cyber protection gap facing Australian businesses, specifically in the form of a “public-private cooperation” model that is currently under consideration in the US and the UK...
New Zealand sets aside $6 billion to ‘build back better’
18 May 2023
The New Zealand Government is setting aside $NZ6 billion to build back with greater resilience after the Auckland floods and Cyclone Gabrielle and protect the community from increasingly severe and unpredictable weather events...
Sprinklers save lives, and property: fire expert
18 May 2023
An international fire expert says sprinkler systems are the “best protection” for older buildings such as New Zealand’s Loafers Lodge Hostel where six people died in a blaze this week...
Perils lifts Cyclone Gabrielle cost estimate to $1.81 billion
18 May 2023
Perils has increased its estimate for insured losses from Cyclone Gabrielle by a quarter to $NZ1.93 billion on higher average residential and commercial claims...
Strata capacity ‘clear priority’: Trowbridge review
17 May 2023
Improving strata market capacity is a “clear priority” and could be tackled through a collaborative group involving the customer and insurance sides, consultant John Trowbridge says in the final report of an independent review...
Zurich, Auto & General executives join ICA board
17 May 2023
Zurich Australia and New Zealand CEO Justin Delaney and Auto & General Asia Pacific CEO Ram Kangatharan have been appointed to the Insurance Council of Australia board following the annual general meeting yesterday...
Policyholder denied cover for 'reckless and deliberate' crash
17 May 2023
A complainant who lodged a claim after a person driving their insured vehicle was involved in a collision will not be compensated after the incident was found to have been “deliberately caused” by the driver...
INsight podcast: watch out for greenwashing
17 May 2023
Warnings about the dangers of greenwashing are the key discussion point on the latest Insurance News podcast...
Gallagher acquires Mavco Insurance Group
16 May 2023
Gallagher Australia has strengthened its corporate presence with the acquisition of brokerage Mavco Insurance Group...
Victoria announces builder insurance reforms after Porter Davis collapse
16 May 2023
The Victorian Government has announced plans to shore up oversight of the state’s compulsory builders’ warranty insurance scheme after it was discovered Porter Davis left hundreds of affected customers with no protection after the home builder collapsed in March...
Battleface launches travel insurer platform in Australia
16 May 2023
Battleface has launched its platform in Australia which it says provides flexible travel insurance and “turns the archaic model of one-size-fits-all on its head” as its partners build their own tailored products...
Driver wins dispute after claim denied over pre-existing damage
16 May 2023
A car owner will be reimbursed for her losses after winning a claims dispute against her insurer about pre-existing damage...
Federal Court decision awaited on IAG pricing promises penalty
12 May 2023
The Australian Securities and Investments Commission and IAG have made Federal Court submissions on a $40 million agreed penalty related to a failure to honour discount promises made to customers...
QBE reports ‘adverse development’ on catastrophe impacts
12 May 2023
QBE has raised its full-year gross written premium guidance after strong first-quarter pricing, but the outlook for the combined operating ratio has deteriorated due to natural catastrophe impacts...
Greenwashing risk flagged as ESG pressures grow
12 May 2023
Law firm Sparke Helmore has flagged the risk of “greenwashing” as the Australian insurance industry faces growing environment, social and governance pressures from regulators, activist shareholders and consumers...
AFCA releases covid complaints data
12 May 2023
The Australian Financial Complaints Authority says it received more than 17,000 covid-related complaints about banking, insurance and other financial services, with travel insurance the most complained-about product...