Daily

ASIC permanently bans former Reliance director

11 June 2021

The Australian Securities and Investments Commission has permanently banned former Australian Reliance and Reliance Franchise Partners director Kimberley Hanson following concerns over the misuse of millions of dollars withdrawn from trust fund accounts more than six years ago...

COVID lockdowns 'cut truck crash frequency'

11 June 2021

Heavy vehicle crash frequency fell last year from 2019, with the decline probably due to pandemic lockdown measures, an annual study from transport and logistics specialist insurer NTI says...

Blurred lines 'raise NSW workers' comp risks'

10 June 2021

NSW workers’ compensation scheme failings risk being repeated, despite inquiries to improve performance, if unclear lines of accountability are not addressed, the National Insurance Brokers Association warns...

Restart accidents among COVID emerging risks

09 June 2021

The COVID-19 pandemic has generated new emerging risks, including the potential for large industrial accidents as mothballed operations are restarted, Swiss Re says in its annual Sonar report...

NSW building reforms pose insurance challenge: WTW

09 June 2021

Willis Towers Watson says incoming legislative measures in NSW requiring building practitioners to hold compulsory professional indemnity insurance may be challenging for the construction industry to meet...

NIBA reveals NSW/ACT award finalists

09 June 2021

The National Insurance Brokers Association has revealed its NSW/ACT finalists for this year’s Broker and Young Professional Broker awards...

COVID stress drives consumer switching

08 June 2021

Consumers with motor and home policies have been far more likely to switch their insurance provider since the COVID-19 pandemic began, research from Roy Morgan shows...

Cyber in focus as IAG boosts UpGuard funding

08 June 2021

IAG’s Firemark Ventures has increased its investment in cybersecurity platform UpGuard as the start-up sees further demand for its offering due to rising business concerns about data breaches...

Ombudsman to review amusement parks mutual plan

04 June 2021

The Australian Small Business and Family Enterprise Ombudsman has launched a review into a discretionary mutual fund proposal that’s aimed at solving insurance problems faced by amusement parks and the leisure and recreation industry...

BI impacts possible from latest Victoria lockdown

04 June 2021

Business interruption claim disputes could still arise from the latest Victorian lockdown in cases where insurers have been slow to revise wordings to exclude pandemics, a lawyer says...