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BI battle continues after High Court ruling

25 June 2021

Insurers’ battle over business interruption issues triggered by the COVID-19 pandemic will shift to a second industry test case to be heard later this year after the High Court today rejected any appeal on Quarantine Act exclusions, while other legal actions are also gathering pace...

Insurers acting unfairly on coal, inquiry hears

25 June 2021

Insurers are discriminating against the coal-mining sector and are undermining emission reduction efforts by limiting cover to innovative engineering and technology companies, a Parliamentary inquiry was told today...

Insurers to face Parliamentary inquiry heat

24 June 2021

Insurer responses to the COVID-19 pandemic and natural catastrophes as well as the industry’s retreat from covering coal mining due to climate change pressures will be examined at two Federal Parliamentary committee hearings tomorrow...

Cyber, climate, pandemic emerge as top issues

24 June 2021

Cyber, climate change and the impacts of the pandemic have globally converged as the top issues facing insurers, a Risk Radar report examining concerns in countries including Australia has found...

AUB-backed broker announces acquisition

24 June 2021

SRG Group, a Perth-headquartered broker in which AUB’s Austbrokers owns a 50% stake, has acquired corporate insurance broking specialist Gibbscorp for an undisclosed amount...

Enticing insurers 'key to cyclone pool design'

23 June 2021

Federal Treasury needs to talk with leading insurers to understand what would encourage greater participation in the northern Australia market before it embarks on detailed design work for the proposed cyclone reinsurance pool, the National Insurance Brokers Association says...

Seize the day: ICA urges NSW action on 'retrograde' taxes

23 June 2021

The Insurance Council of Australia has given a mixed reception to the NSW Government’s 2021/22 Budget, saying inaction on insurance tax reform has tempered the welcome announcement of $268 million to implement measures proposed by the NSW Independent Bushfire Inquiry...

NIBA names WA broker awards finalists

23 June 2021

GSK Insurance Brokers Senior Account Manager Jeff Booth, Marsh Managing Principal Sarsha Neal and Imperium Insurance & Financial Solutions MD Sumit Sopori are in the running to be crowned this year’s WA Broker of the Year...

Moving in: Howden lures three local Marsh execs, names CEO

22 June 2021

Three senior managers at market leading broker Marsh have moved across to the new local operation of Howden, boosting the UK-based global broker’s ambition to be a major competitor in the rapidly consolidating specialist insurance broking market...

Steadfast-backed brokerages agree to merger

22 June 2021

Regional Insurance Brokers and Joe Vella Insurance Brokers today announced they have agreed to merge, in a move aimed at giving them more scale and depth to serve the north Queensland market...

Broker not obliged to disclose cheaper direct policy, says AFCA

22 June 2021

A complaint from a body corporate against Aviso EIA, alleging the broker failed in its duty of care obligation by not disclosing cheaper residential strata products are available in the direct market, has been dismissed by the external dispute resolution body...

BI resolution needed as SMEs suffer: AFCA

18 June 2021

Australian Financial Complaints Authority CEO and Chief Ombudsman David Locke says it's vital to gain resolution on business interruption disputes as soon as possible as continuing lockdowns affect businesses and some face the risk of failing...

Cyber cover tougher, construction challenging: report

18 June 2021

Insurers have become significantly more cautious about cyber cover, local underwriters’ construction market appetite is still shrinking and policy wordings generally are being tightened, Gallagher Australia says in a first-half report...

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