Daily

Carpenter wins 102 days of accident cover in claim dispute

02 June 2021

A sole trader who was unable to work for more than three months after injuring his back while carrying a door frame has won a claim dispute with Suncorp for around $7000 in accident cover and been awarded $1000 compensation...

INsight podcast: paying for loyalty

02 June 2021

The decision to ban so-called insurance “loyalty taxes” in the UK is the main discussion point on the latest edition of the Insurance News podcast...

Industry faces 'salary pressure' as skills shortage persists

01 June 2021

The insurance industry will face mounting salary pressure in the coming months as the persistent shortage of commercial claims consultants and other skilled professionals shows no sign of easing, according to recruitment group Hays...

Federal Government consults on class action reforms

28 May 2021

The Federal Government will look at returns class action members receive and greater oversight of the sector as part of a consultation on reforms recommended by a Parliamentary Committee inquiry...

Crawford enters NZ via partnership with Godfrey

28 May 2021

Claims management group Crawford & Company has expanded into the New Zealand market via a network partnership arrangement with Godfrey and Company, one of the largest commercial loss adjusters in the country...

Expert argues cyclone reinsurance pool 'can work'

27 May 2021

The Federal Government’s cyclone reinsurance pool for northern Australia could deliver significant premium reductions without leaving taxpayers with a hefty bill, a climate expert says...

BI provisions, floods and hailstorms dent industry earnings

27 May 2021

The general insurance industry suffered a 28.3% fall in net profit after tax to $1.1 billion for the year to March 31, as provisions for business interruption claims and natural catastrophe losses combined to blunt earnings, according to figures released today by the prudential regulator...

ASIC sues AMP for charging deceased customers

27 May 2021

The corporate regulator has commenced civil penalty proceedings against a group of AMP-linked companies for allegedly charging life premiums and advice fees to more than 2000 deceased customers...

Andrew Mair joins Suncorp partner AMA Group

26 May 2021

Crash repairer AMA Group has appointed former Suncorp executive Andrew Mair to the newly created role of Chief Commercial Officer as it further consolidates its strategic relationships with key insurance customers...

Mouse exclusion wipes out air conditioner claim

26 May 2021

A woman who lodged a claim with RAC Insurance to recoup the cost of repairing her air conditioner has lost a dispute hinging on whether a hail storm or mice caused it to stop working...

Melbourne pubs, restaurants launch BI actions

25 May 2021

Hospitality enterprises including pubs and restaurants have launched proceedings in the Victorian Supreme Court over business interruption claims that have an estimated total value of about $20 million, legal firm Gadens says...

Australia rises in FM Global resilience rankings

25 May 2021

Australia’s resilience has improved as the country has rebounded strongly from COVID-19 impacts, while New Zealand has slipped after a reassessment of earthquake risk, an FM Global index shows...