Daily
Resilience Insurance launches latent defects cover
08 July 2022
Managing general agent Resilience Insurance says its new latent defects insurance product for high-rise buildings is a “game changer” for the construction industry, which has been affected by widespread reports of failures in design, workmanship and use of inferior materials...
Stolen jewellery cover limited after claims dispute
08 July 2022
Jewellery theft victims who lodged a claim under their home and contents policy have lost a dispute over the level of cover provided for the stolen valuables...
Mecon, Underwriting Agencies of Australia merge
07 July 2022
Steadfast-owned businesses Mecon Insurance and Underwriting Agencies of Australia have merged to form a combined mobile plant, equipment and construction insurance group...
Greenwashing a risk ‘not to be ignored’
07 July 2022
A rise in climate-related litigation in Australia, mirroring trends seen in overseas jurisdictions, has underlined the growing need for insurers to address the emerging challenge facing them and their clients, according to Hicksons Lawyers...
Sunken boat claim covered after fault undetected
07 July 2022
A boat owner whose vessel partially sank due to an unidentified fault will have the damage covered after winning a claims dispute...
Changing times: podcast discusses developing SME risks
07 July 2022
The fourth and concluding episode of a special podcast series focused on this year’s Vero SME Index report examines developing risks and some of the challenges businesses are facing in a changing landscape...
NIBA delays code of practice disclosure rules
06 July 2022
The National Insurance Brokers Association will delay implementation of a crucial section of its new code of practice for 12 months following feedback from members on the challenges of changing systems and processes in a tight timeframe...
Insurers receive 4360 claims from latest NSW flood
06 July 2022
Insurers have received 4360 claims since Friday related to the storms and flooding in NSW, the Insurance Council of Australia says...
Cash offer ‘insufficient’: AFCA says insurer must pay more
06 July 2022
An insurer has been told its offer to cash settle a house fire claim is "insufficient" for the insureds to complete the repairs and to cover any variations that may occur once works commence...
INsight podcast: reinsurance in focus as floods hit again
06 July 2022
The severe flooding in NSW and reinsurance market implications from Australia’s natural catastrophes are discussed during the latest Insurance News podcast...
Far from over: ICA declares NSW floods a significant event
05 July 2022
The Insurance Council of Australia (ICA) has declared a significant event for regions of NSW impacted by severe storm and flooding in recent days, and says it may escalate its declaration to an insurance catastrophe...
Honan appoints CFO as business pursues growth plans
05 July 2022
Honan Insurance Group has appointed Jacob Gunzburg to the newly created position of Chief Financial Officer as the business pursues growth ambitions...
Proposed NSW home building insurance scheme reforms released
05 July 2022
NSW has opened consultation on a list of 15 proposals to improve the state’s home building compensation (HBC) insurance scheme, which is compulsory for principal contractors in the residential construction industry for works exceeding $20,000...
Homeowner’s collapsed carport claim blown away
05 July 2022
A homeowner whose carport collapsed after it incurred storm damage will not have his claim reimbursed after losing a dispute ruling...
Flood-struck areas warned to brace for new deluge
01 July 2022
A severe weather warning for heavy rainfall in Sydney and NSW’s Illawarra and Central Tablelands districts has been issued today by the Bureau of Meteorology, which says flooding is possible for numerous river catchments, including the Hawkesbury and Nepean rivers...
Liberals hit back in cyclone pool stoush
01 July 2022
Liberal MPs have defended the former Morrison government’s promotion of the cyclone reinsurance pool scheme after Labor yesterday accused it of misleading the public over potential premium savings...
Merged agencies to hone federal disaster focus
01 July 2022
The Federal Government plans to merge the National Recovery and Resilience Agency and Emergency Management Australia to strengthen the focus on natural disasters...
Victoria silicosis compensation reforms take effect
01 July 2022
Victorian compensation reforms to assist workers and families affected by silicosis and similar progressive occupational diseases have come into force today...
'Wild exaggeration': detail of cyclone pool savings revealed
30 June 2022
Home and business owners in northern Australia can expect average premium savings of 15-20% when insurers join the cyclone reinsurance pool, according to modelling released today...
Steadfast boosts risk offering with investment in fire detection specialist
30 June 2022
Steadfast has made a “strategic” investment in Flame Security International, a fire detection and protection specialist headquartered at the University of New South Wales...