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AIG wins dispute over unoccupied property

27 August 2021

AIG was entitled to decline a claim related to copper piping and electrical wiring theft from a refrigerated warehouse as the property, which hadn’t been let due to COVID-19 issues, had been unoccupied for more than 90 days, the Australian Financial Complaints Authority has ruled...

COVID BI provisions, cat costs constrain industry earnings

26 August 2021

The general insurance industry achieved slightly better results for the year to June 30 despite the continued effects of the virus pandemic and catastrophe claims on earnings, according to the latest statistics update from the prudential regulator...

AUB earnings jump in extraordinary year

26 August 2021

AUB Group earnings have jumped as increases in commercial line premiums contributed to a stronger result from the key Australian broking division...

Outlook reveals spring bushfire risk

26 August 2021

Grass and crop growth in south-east Queensland and northern NSW, along with plentiful grass and dry soil in the north of WA, are creating above normal fire potential conditions in those areas as Australia heads into spring...

NIBA postpones annual convention to 2022

26 August 2021

The National Insurance Brokers Association annual convention has been rescheduled to February 7-21 as Sydney, Melbourne and Brisbane all battle COVID by restricting social gatherings...

'Broker culture is key', compliance committee warns

25 August 2021

The Insurance Brokers Code Compliance Committee will continue to push for improved practices and conduct from intermediaries as its latest code report shows a “concerning” drop in the percentage of subscribers self-reporting breaches...

ICA business interruption test case delayed

25 August 2021

The Insurance Council of Australia second business interruption test case has been postponed for a week due to difficulties some policyholders have had in obtaining government data and expert evidence on COVID-19 outbreak details...

Insurers assessed on family violence policies

25 August 2021

Assetinsure has introduced the strongest family violence policy under requirements in the latest iteration of the General Insurance Code of Practice, but a number of firms need to make improvements, a Financial Rights Legal Centre desktop audit has found...

INsight podcast: it's raining reform

25 August 2021

The flood of regulatory reform about to wash up at the industry's door is the main focus of the latest Insurance News podcast...

Reinsurance taskforce discussions kept under wraps

24 August 2021

Panels to provide advice on the planned Northern Australian cyclone reinsurance pool are being tapped for regular input as Treasury keeps a tight hold on information as it works to deliver the project by the middle of next year...

Insurance arm fuels Johns Lyng earnings rise

24 August 2021

Johns Lyng Group today reported double-digit increases in full-year earnings, underpinned by strong performances from its core insurance building and restoration services arm...

Suncorp CEO joins ICA board

20 August 2021

Suncorp CEO Steve Johnston has joined the Insurance Council of Australia board amid a number of changes announced today after the August meeting...

Mansfield Awards return to online event

20 August 2021

The annual Mansfield Awards for Claims Excellence will take place on September 16, with the event being held online for the second successive year...

Driver’s criminal record sparks dispute

19 August 2021

Auto & General has won a dispute centring on the denial of an accident claim due to the driver’s undeclared criminal record, despite the insurer having details from a previously refused application for cover...

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