Daily
Motoring mutuals dominate customer satisfaction survey
20 April 2021
Personal lines insurance brands run by mutual motoring bodies have come out on top in a Roy Morgan general insurance customer satisfaction survey...
Minecraft 'insurance edition': NRMA Insurance launches groundbreaking tool
20 April 2021
NRMA Insurance has unveiled a new world for the popular online game Minecraft, to help young Australians learn about preparing for natural disasters...
AUB widens services offering with Insurance Alliance
16 April 2021
AUB Group has launched The Insurance Alliance – an initiative allowing brokerages to access an expanding range of services offered by the company without becoming equity members of Austbrokers...
Suncorp hit with add-on class action
16 April 2021
Plaintiff law firm Maurice Blackburn has launched a class action against Suncorp, accusing its AAI subsidiary of using “misleading or deceptive conduct” to sell add-on insurance products at car dealerships...
'Missed opportunity': ICA attacks NSW stamp duty reform
16 April 2021
The Insurance Council of Australia has criticised the NSW Government’s stamp duty reform proposals for failing to include the abolition of taxes on insurance products...
Aon-WTW merger decision deadline pushed back
16 April 2021
The European Commission has pushed back its deadline for a decision on Aon’s merger with Willis Towers Watson to July after receiving company submissions on commitments aimed at addressing the regulator’s concerns...
'Staggering, concerning': Aon says ransomware now 'truly weaponised'
15 April 2021
Ransomware is now “truly weaponised” and this year and next are likely to be the first consecutive years of hardening conditions in cyber insurance after a “notable acceleration” in the pace of price increases in recent months, with insurers suggesting 20-40% rate increases for 2021, Aon says...
NIBA seeks AFCA improvements on costs
15 April 2021
Brokers have called for a “more robust” Australian Financial Complaints Authority triage system to prevent firms paying disproportionately high costs in some low-value matters and to deter potential gaming of the system...
ACCC approves rival's plans to up stake in iSelect
15 April 2021
The competition watchdog says it “will not oppose” moves by a rival of iSelect to increase its stake in the listed comparator, after completing an investigation into the proposed investment...
Envest swoops for another agency acquisition
15 April 2021
Insurance distribution and investment company Envest has acquired another tourism-focused underwriting agency...
Cyclone Seroja declared a catastrophe as scale of devastation emerges
14 April 2021
An insurance catastrophe has been declared for parts of WA from cyclone Seroja, escalating the industry’s priority to process claims as recovery efforts get underway...
'Luxury' renovations prioritised over resilience: Suncorp
14 April 2021
Home renovators are focusing on kitchen and bathroom upgrades and interior aesthetics instead of making properties more resilient to natural disasters, Suncorp research has found...
Phuong Ly to head new Commercial division at Allianz
14 April 2021
Allianz has appointed Phuong Ly to lead its newly created Commercial division, focusing on small to medium enterprises, mid-corp markets and specialist areas such as underwriting agencies and Hunter Premium Funding...
INsight podcast: it's all about insurtech
14 April 2021
The new insurtech section launched this week by insuranceNEWS.com.au is the focus of the latest edition of the INsight podcast...
PSC appoints Hosking Australia & NZ head
13 April 2021
PSC Insurance Group has appointed former Allianz executive David Hosking to the new role of CEO Australia and New Zealand...
Former brokerage chairman and A Current Affair settle lawsuit
13 April 2021
Former GSA Insurance Brokers Chairman John Hewson and A Current Affair have settled legal action launched after the TV show broadcast a report on a flooding claim refusal that he alleged was defamatory and inaccurate...
Zurich appoints Chief Claims Officer
13 April 2021
Zurich has appointed Marsh executive Tim Scott-Young as its Chief Claims Officer for general insurance in Australia and New Zealand...
Insurance crunch hits travelling circus
13 April 2021
A family-owned Australian travelling circus has been forced to part with its performing lions and monkeys in order to secure a public liability insurance policy, allowing it to carry on operating...
Tradie shortages hit after hailstorms
09 April 2021
Queensland hailstorms last year, continued wet weather, COVID-19 impacts and shortages of tradespeople are causing delays and cost increases for roofing repair insurance work in the state’s southeast...
'Time running out' to apply for claims handling licence
09 April 2021
The corporate regulator has voiced alarm at the number of insurance claims handling firms that have applied for licences to continue providing the services, with less than three months to the June 30 deadline for paperwork to be submitted...