Daily
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...
Energy company cyber demand 'skyrockets'
30 June 2022
Energy company demand for cyber insurance has skyrocketed globally in recent months as firms worth billions of dollars find themselves at the top of hacker target lists, a Gallagher report says...
Man kicked out of home by police loses claim dispute
30 June 2022
The owner of a 2007 Mercedes Benz van who was removed from his home by police will not have his insurance claim processed until he submits further information, after the Australian Financial Complaints Authority ruled against him...
'Closer to sustainability': D&O insurers now competing for business
29 June 2022
The loss-making directors’ and officers’ market has finally turned a corner, after rates peaked late last year as insurers adjusted prices in a bid to achieve profitability, broker Aon says in a second quarter update...
BI decision awaited as High Court pauses for winter recess
29 June 2022
The High Court winter recess is set to extend the timeframe for decisions on whether leave to appeal will be granted on disputes over business interruption cover during the pandemic, as the industry test case process approaches the two-year mark...
Unwell traveller loses dispute over non-disclosure by representative
29 June 2022
An Australian who suffered a self-harm emergency overseas and was flown home by air ambulance with nursing and financial aid from the government has lost a claim dispute because someone else who bought the travel insurance on her behalf did not disclose that she had pre-existing medical conditions...
INsight podcast: La Nina gone, but clean-up challenges remain
29 June 2022
The end of the La Nina weather system that contributed to record-breaking floods in NSW and Queensland is the focus of the latest Insurance News podcast...
Floods become third costliest disaster as losses hit $4.8 billion
28 June 2022
Insured losses from the Queensland and NSW floods have risen to $4.8 billion, making the disaster Australia's third costliest extreme weather event on record, as claim assessments continue to be completed...
Northern lobby group to pursue wider affordability action
28 June 2022
The Northern Australia Insurance Lobby has changed its name and will take on a national focus as it seeks an expansion of government-backed reinsurance to other risks affected by affordability and availability problems...
'Unconscionable practices': complaints against ACBF top 1000
28 June 2022
More than 1000 complaints have been lodged against four Aboriginal Community Benefit Fund companies over “unconscionable practices” in relation to sales of funeral expense policies...
UTV driver denied beach wipeout claim
28 June 2022
A driver whose utility terrain vehicle suffered a total loss after a beach accident will not be covered by insurance after losing a claims dispute...
Hayne reforms 'distracted insurers from claims management'
24 June 2022
Australian insurers have been urged to “prioritise” improving the claims management aspect of their operations, having spent the last few years focused on complying with reforms stemming from the Hayne royal commission...
Koba takes out 2022 Finnie award
24 June 2022
Pay-per-kilometre car insurer Koba has won this year’s Excellence in Insurtech category, which is sponsored by IAG Firemark Ventures, at the FinTech Australia Finnie Awards...
You parked where? Vintage car owner wins theft dispute
24 June 2022
The owner of a 1990 Nissan Skyline will have his theft claim covered by IAG after a dispute ruling determined that he did not mislead the insurer about where he kept his vehicle...
Booming tech M&A deals require 'unique insurance solutions'
24 June 2022
Brokers should play a greater role in helping tech clients mitigate merger and acquisition deal risk, cyber specialist CFC says...
RACQ Insurance chief exits after industry's 'challenging year'
23 June 2022
RACQ Group Executive Insurance Tracy Green will leave the business, the insurer confirmed today...
Rate hardening cycle extended after floods: S&P
23 June 2022
The record-breaking February/March floods, with insured losses of at least $4.3 billion, will prolong the rate hardening cycle as insurers price in the impact of the catastrophe, according to S&P Global Ratings...