Daily
The Star appeals Federal Court BI decision
01 September 2021
The Star Entertainment Group has lodged an appeal against a Federal Court decision that found insurers including Chubb did not have to cover a business interruption claim for losses resulting from COVID-19 restrictions...
Workplace mental health claims rise as COVID drags on
01 September 2021
Allianz Australia says it has seen a rise in workplace-related mental health claims, a sign that the pandemic continues to strain employee wellbeing across the country...
INsight podcast: APRA stats point to brighter future
01 September 2021
The latest and improved industry statistics from the Australian Prudential Regulation Authority are the main topic on this week's edition of the Insurance News podcast...
Locked-down Auckland hit by flood emergency
31 August 2021
Insurers have received an influx of early claims and expect many more to be lodged after torrential rainfall overnight caused severe flooding and damage in West Auckland, hitting a region that remains under stringent COVID-19 restrictions...
Hollard-backed disruptor gears up for NZ, UK expansion
31 August 2021
Hollard-backed Open, the insurtech behind the Huddle brand, is gearing up to launch in New Zealand this Christmas period and in the UK next year after raising $31 million in new capital from investors...
AFCA backs broker after truck damage not covered
31 August 2021
The Australian Financial Complaints Authority has ruled in favour of a Community Broker Network authorised representative after a dispute sparked when a truck was damaged during a brief period when the vehicle had been removed from a policy...
Zurich offers paid gender affirmation leave
31 August 2021
Zurich Australia and New Zealand is offering four weeks paid leave and other support measures under a gender affirmation policy that represents another step in facilitating a diverse and inclusive workplace...
Tasmania looks to ditch fire insurance levy
27 August 2021
The Tasmanian Government has opened consultations on proposed fire and emergency services reforms that include ending funding provided through a levy on insurance premiums...
Steadfast-backed Asparq acquires broker, wealth planner
27 August 2021
Steadfast-backed Asparq has acquired broking company Fraser and Associates and OneFocus, a wealth management and accounting firm...
AIG wins dispute over unoccupied property
27 August 2021
AIG was entitled to decline a claim related to copper piping and electrical wiring theft from a refrigerated warehouse as the property, which hadn’t been let due to COVID-19 issues, had been unoccupied for more than 90 days, the Australian Financial Complaints Authority has ruled...
Insurers to meet with Cyclone Seroja claimants
27 August 2021
The Insurance Council of Australia and insurers will meet with Cyclone Seroja claimants next week after complaints about delays...
COVID BI provisions, cat costs constrain industry earnings
26 August 2021
The general insurance industry achieved slightly better results for the year to June 30 despite the continued effects of the virus pandemic and catastrophe claims on earnings, according to the latest statistics update from the prudential regulator...
AUB earnings jump in extraordinary year
26 August 2021
AUB Group earnings have jumped as increases in commercial line premiums contributed to a stronger result from the key Australian broking division...
Outlook reveals spring bushfire risk
26 August 2021
Grass and crop growth in south-east Queensland and northern NSW, along with plentiful grass and dry soil in the north of WA, are creating above normal fire potential conditions in those areas as Australia heads into spring...
NIBA postpones annual convention to 2022
26 August 2021
The National Insurance Brokers Association annual convention has been rescheduled to February 7-21 as Sydney, Melbourne and Brisbane all battle COVID by restricting social gatherings...
'Broker culture is key', compliance committee warns
25 August 2021
The Insurance Brokers Code Compliance Committee will continue to push for improved practices and conduct from intermediaries as its latest code report shows a “concerning” drop in the percentage of subscribers self-reporting breaches...
ICA business interruption test case delayed
25 August 2021
The Insurance Council of Australia second business interruption test case has been postponed for a week due to difficulties some policyholders have had in obtaining government data and expert evidence on COVID-19 outbreak details...
Insurers assessed on family violence policies
25 August 2021
Assetinsure has introduced the strongest family violence policy under requirements in the latest iteration of the General Insurance Code of Practice, but a number of firms need to make improvements, a Financial Rights Legal Centre desktop audit has found...
INsight podcast: it's raining reform
25 August 2021
The flood of regulatory reform about to wash up at the industry's door is the main focus of the latest Insurance News podcast...
Cyber premiums up 80% after 'unsustainable' losses
24 August 2021
Cyber insurance premiums in Australia increased by up to 80% in the second quarter compared to the same period last year, and claims numbers are up by 50%, Marsh says...