Daily
NIBA halts ticket sales for July events
30 June 2021
The National Insurance Brokers Association is temporarily pausing registrations for next month’s gatherings in Perth, Brisbane and Sydney due to the unfolding COVID-19 situation across Australia...
Homebuyer loses claim dispute after fire scuppers purchase
30 June 2021
A company director seeking almost $160,000 from Suncorp after he backed out of a property sale agreement because the home was damaged by fire before settlement has lost a claim dispute...
Cyber the 'new D&O' as premiums soar: Marsh
29 June 2021
A rapid rise in cyber premiums as a result of surging ransomware attacks is leading to challenging market conditions similar to those experienced in directors’ and officers’ cover, broker Marsh has told a parliamentary hearing...
GSA acquires fellow Steadfast-backed broker
29 June 2021
GSA Insurance Brokers, in which Steadfast holds a controlling stake, has acquired the NSW and Victorian businesses of Mega Capital, a professional risk insurance broking firm that is also majority owned by the listed broker network group...
'Claims influx' likely following BI test case defeat: lawyer
29 June 2021
Plaintiff law firm Shine Lawyers says there will be an “influx of claims” after insurers suffered a business interruption test case defeat in the High Court last week...
ICA argues against ACCC's proposed broker commission ban
29 June 2021
The Insurance Council of Australia has raised objections to some key Australian Competition and Consumer Commission recommendations on insurance, including the banning of broker commissions...
BI battle continues after High Court ruling
25 June 2021
Insurers’ battle over business interruption issues triggered by the COVID-19 pandemic will shift to a second industry test case to be heard later this year after the High Court today rejected any appeal on Quarantine Act exclusions, while other legal actions are also gathering pace...
Insurers acting unfairly on coal, inquiry hears
25 June 2021
Insurers are discriminating against the coal-mining sector and are undermining emission reduction efforts by limiting cover to innovative engineering and technology companies, a Parliamentary inquiry was told today...
General insurers facing 'greatest challenge in two decades'
25 June 2021
The general insurance industry is battling its most challenging circumstances in 20 years, a Parliamentary hearing was told today...
Claimant wins payout after downpour through open ute windows
25 June 2021
A Toyota Hilux driver has won a substantial payout during a claim dispute with Allianz after a sudden downpour sent rain through windows left open on a hot work day, flooding his ute interior...
Insurers to face Parliamentary inquiry heat
24 June 2021
Insurer responses to the COVID-19 pandemic and natural catastrophes as well as the industry’s retreat from covering coal mining due to climate change pressures will be examined at two Federal Parliamentary committee hearings tomorrow...
Cyber, climate, pandemic emerge as top issues
24 June 2021
Cyber, climate change and the impacts of the pandemic have globally converged as the top issues facing insurers, a Risk Radar report examining concerns in countries including Australia has found...
AUB-backed broker announces acquisition
24 June 2021
SRG Group, a Perth-headquartered broker in which AUB’s Austbrokers owns a 50% stake, has acquired corporate insurance broking specialist Gibbscorp for an undisclosed amount...
Allianz appoints new CEO of marine agency
24 June 2021
Ben Morgan has been promoted to the role of CEO at Allianz Marine & Transit Underwriting Agency, effective next month...
Enticing insurers 'key to cyclone pool design'
23 June 2021
Federal Treasury needs to talk with leading insurers to understand what would encourage greater participation in the northern Australia market before it embarks on detailed design work for the proposed cyclone reinsurance pool, the National Insurance Brokers Association says...
Seize the day: ICA urges NSW action on 'retrograde' taxes
23 June 2021
The Insurance Council of Australia has given a mixed reception to the NSW Government’s 2021/22 Budget, saying inaction on insurance tax reform has tempered the welcome announcement of $268 million to implement measures proposed by the NSW Independent Bushfire Inquiry...
NIBA names WA broker awards finalists
23 June 2021
GSK Insurance Brokers Senior Account Manager Jeff Booth, Marsh Managing Principal Sarsha Neal and Imperium Insurance & Financial Solutions MD Sumit Sopori are in the running to be crowned this year’s WA Broker of the Year...
INsight podcast: the rise and rise of Hollard
23 June 2021
The Australian insurance landscape will shift when Hollard acquires CBA's general insurance business, the Insurance News podcast has heard...
Moving in: Howden lures three local Marsh execs, names CEO
22 June 2021
Three senior managers at market leading broker Marsh have moved across to the new local operation of Howden, boosting the UK-based global broker’s ambition to be a major competitor in the rapidly consolidating specialist insurance broking market...
Steadfast-backed brokerages agree to merger
22 June 2021
Regional Insurance Brokers and Joe Vella Insurance Brokers today announced they have agreed to merge, in a move aimed at giving them more scale and depth to serve the north Queensland market...