28 April 2023
Commercial insurance pricing in the Pacific region increased 7% in the first quarter, rising from a 5% gain in the December period as natural catastrophe risks boosted property, the Marsh Global Insurance Market Index shows...
28 April 2023
Mustard Underwriting, backed by capacity from the Lloyd’s market, has launched today, offering risk protection products aimed at companies operating in the sharing economy...
28 April 2023
Catastrophe data company Perils has revised its loss estimate for the October Southeast Australia floods to $907 million...
28 April 2023
Complainants who purchased a policy days before their caravan and annexe flooded will be covered for their losses after winning a claims dispute...
27 April 2023
Collaborating with industry and government to address availability and affordability of cover across all lines is one of the priorities for the year ahead, the Insurance Council of Australia says in its annual report...
27 April 2023
Assurance Cover Australia, a provider of discretionary cover for motor vehicles and drivers, has had its financial services licence cancelled as it did not have the mandatory professional indemnity insurance, the corporate regulator announced today...
27 April 2023
A traveller who was hospitalised in Thailand due to alcohol intoxication will not be compensated after losing his claims dispute against his insurer...
27 April 2023
The Insurance Council's decision to commission an external review of last year's massive flood catastrophe is the leading discussion point on the latest edition of the Insurance News podcast...
26 April 2023
Cumbersome and overcomplex regulation risks limiting competition, stifling innovation and raising premiums for consumers, while processes to introduce changes are often reactive, the Insurance Council of Australia has warned a parliamentary inquiry...
26 April 2023
An El Nino could combine with a positive Indian Ocean Dipole later this year to create challenging conditions for bushfire risk across parts of Australia...
26 April 2023
Paul Grasso has been promoted to the role of Head of Treaty in Australia and New Zealand for Aon’s Reinsurance Solutions business...
26 April 2023
A complainant whose vehicle was stolen during an unaccompanied test drive will not be compensated after his actions were found to have contributed to the event...
21 April 2023
Tom Griffiths has taken over as CEO at Medical Insurance Group Australia as Mandy Anderson departs after 23 years at the insurer...
21 April 2023
Companies are lagging in providing financial incentives around environmental, social and governance measures despite recognising the importance of the issues and associated risks, an Aon report says...
21 April 2023
A homeowner whose property suffered severe cracking due to a leaky pipe will be compensated for her losses after winning a claims dispute against her insurer...
21 April 2023
The Victorian Parliament’s Flood Inquiry Committee will tour affected communities to hold public hearings following significant flooding in the state last year...
20 April 2023
A community benefit payment of up to $100,000 is now available to be imposed on insurance providers for “egregious” breaches of the General Insurance Code of Practice, as record numbers of breaches are reported...
20 April 2023
The Victorian Government says it will compensate around 560 families left uninsured because liquidated property firm Porter Davis did not take out Domestic Building Insurance, breaching its obligations...
20 April 2023
The Queensland Government has boosted funding for councils to better protect communities from climate change-induced coastal hazards such as storm tide inundation and erosion...
20 April 2023
A complainant who sought a refund for premiums he paid for a Consumer Credit Insurance policy has won his dispute after it was found there were "elements of misrepresentation"...