Daily
Claimant denied cover for faulty fireplace blaze
19 July 2022
A homeowner will not receive compensation for fire damage caused by a defective fireplace after losing a claims dispute...
Negative IOD draws near
19 July 2022
A flood-inducing negative Indian Ocean Dipole (IOD) will be declared if thresholds are exceeded for two more weeks, the Bureau of Meteorology warns...
Remaining $150 million capital penalty on Allianz removed
15 July 2022
Allianz Australia has finished working on risk governance weaknesses as part of a court enforceable undertaking, paving the way for the prudential regulator to remove the remaining $150 million additional capital requirement it imposed on the insurer...
Homeowners awarded compensation for botched repairs
15 July 2022
Homeowners whose insurer carried out faulty repairs on their roof and shed will be compensated for their losses after winning a claims dispute...
Pen Underwriting appoints transport team manager
15 July 2022
Pen Underwriting says Alicia Stell has joined as Transport Team Manager with immediate effect, taking over from Jenny Prendergast, who retired last month after 16 years with the business...
Builders warranty eligibility fast-tracked for flood-hit areas
15 July 2022
Eligibility applications for home building compensation insurance will be fast-tracked for five northern NSW local government areas affected by this year’s flooding catastrophe...
NSW court backs city hotel in nightclub claim fight
14 July 2022
The NSW Supreme Court has ruled in favour of the Civic Hotel in a dispute over a public liability claim declined because the policyholder didn’t identify part of the Sydney venue as a nightclub...
Chubb appoints joint consumer division leaders
14 July 2022
Chubb has announced joint leadership of its Consumer Division covering Australia and New Zealand...
Vintage car owner wins storm damage dispute
14 July 2022
The owner of a 1971 Citroen that suffered storm damage and likely subsequent deterioration in the care of his insurer will receive significant compensation for his losses after winning a claims dispute...
New local Marine Skipper cover launched
14 July 2022
New cover provider Marine Skippers Insurance has this week launched within Australia...
'Don't make mistakes of the past': NSW reviews flood plain use
13 July 2022
Development on flood plains is under review as estimated insurance losses from extreme rain in NSW this month rise to $142 million, and governments extend emergency assistance funding to more than half a million affected residents...
NIBA crowns Queensland broker award winners
13 July 2022
WTW Property and Casualty Account Director Sally Coulton and Thompson Insurance Account Manager William Thompson have won this year’s National Insurance Brokers Association awards for Queensland, recognising excellence in the broking profession...
French bulldog owner loses pre-existing condition dispute
13 July 2022
A pet owner who sought cover for expenses related to a planned surgery has lost their claims dispute...
INsight podcast: code delays, more floods and 'ghost brokers'
13 July 2022
The delay of a crucial section of the Insurance Brokers Code of Practice is discussed in depth on the latest Insurance News podcast...
Trowbridge strata report recommends improved disclosure
12 July 2022
An independent review of strata insurance practices has recommended standard templates and definitions as part of a self-regulatory solution to provide greater transparency around costs and remuneration paid to brokers and strata managers...
Property premiums 'will harden further' after latest floods: Honan
12 July 2022
Broker Honan says property rates in at-risk areas are set for another round of hardening after the latest NSW floods as insurers look to mitigate their exposure...
Gallagher announces latest acquisition
12 July 2022
Gallagher has acquired National Insurance Group, based in Torquay, Victoria...
IAG joins global net-zero insurer alliance
12 July 2022
IAG has signed up to the United Nations convened Net-Zero Insurance Alliance, backed by almost 30 insurers globally which collectively represent 15% of the world’s premium volume...
NIBA crowns WA broker award winners
08 July 2022
FordSure Director Derek Ford and Marsh Managing Principal Selena Piggott have won this year’s National Insurance Brokers Association (NIBA) awards for WA, recognising excellence in the broking profession...
NSW flooding insured losses reach $98 million, ICA estimates
08 July 2022
Insurers have so far received 8415 claims with an estimated insurance loss of $97.9 million related to extreme rain and flooding in NSW this week...