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Climate COP-out: insurers criticised for supporting oil, gas

03 November 2021

Climate campaigners have criticised QBE and other insurers that continue to provide insurance for oil and gas projects, saying their support for the sector is undermining efforts to limit global warming to 1.5 degrees or lower as set out in the Paris Agreement...

IAG mandates vaccines for on-site NZ workers

02 November 2021

IAG has introduced "compulsory COVID vaccination" for on-site workers in New Zealand, and says similar measures will apply in high risk locations in Australia until the end of the year...

COVID restrictions result in strata repairs 'backlog'

02 November 2021

CHU-owned Flex Insurance says there is a backlog of claims repairs waiting to be completed at strata properties after more than a year of pandemic lockdowns, echoing similar observations about COVID curbs hindering insurers’ ability to progress building works...

IAG raises perils forecast, cuts guidance after storms

02 November 2021

IAG has raised its full-year natural perils forecast by 36.6% to $1.045 billion and lowered its reported margin guidance following SA and Victorian storms that have been declared a catastrophe by the Insurance Council of Australia...

Damage 'caused by tree roots, not storm'

02 November 2021

A Suncorp customer who challenged the insurer’s decision to decline his home building claim for storm damage has lost his dispute before the Australian Financial Complaints Authority...

Liberty Specialty Markets, NTI win NIBA awards

29 October 2021

Liberty Specialty Markets has been crowned General Insurer of the Year by the National Insurance Brokers Association, while transport and logistics specialist NTI won the Underwriting Agency of the Year award...

Vero NZ scraps gender rating on car cover

29 October 2021

New Zealand’s Vero is dropping a long-standing industry practice of comparing male and female customers even though gender and age together help to determine the likelihood of a claim, and gender has a significant price impact for some age ranges...

CBA admits criminal charges over CCI sales

29 October 2021

The Commonwealth Bank of Australia has pleaded guilty to 30 criminal charges of making false or misleading representations in relation to the selling of consumer credit insurance...

Cover-More names new CIO to drive tech focus

28 October 2021

Cover-More has appointed a new Group CIO, tasked with leading an acceleration of the insurer’s digital transformation as international travel starts to resume...

FAR legislation enters Parliament in Hayne wrap-up

28 October 2021

The Federal Government has today introduced financial accountability legislation into Parliament, paving the way for insurance to come under a regime designed to prevent misconduct and elevate standards...

Cyber threat gives Australia, world the jitters

27 October 2021

Risk decision-makers in Australia and globally have named cyber attacks/data breach as the biggest danger facing their businesses, and they expect the digital threat to remain top even in 2024, according to a biennial survey by Aon...

Hollard takes two gongs at ANZIIF awards

27 October 2021

Hollard Insurance and Marsh have taken top gongs at this year’s Australian Insurance Industry Awards, the first ceremony in two years after the 2020 event was cancelled due to COVID...

Halloween hailstorm claims almost 90% resolved

27 October 2021

Claims triggered by Halloween hailstorms that caused $1.08 billion in losses last year are almost 90% resolved as insurers continue to receive new claims leading into the anniversary of the event on Sunday...

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