Daily
NSW passes strata reforms, commission ban ‘on the table’
20 September 2024
Strata laws that strengthen enforcement and increase transparency on remuneration and conflicts of interest have passed the NSW parliament, as the government continues to consider action on commissions paid to strata managing agents...
Sedgwick launches product recall report as risks rise
20 September 2024
The first Australian edition of Sedgwick’s product recall report shows more than 600 “corrective actions” in the first half of the year across the automotive, consumer product, food and drink, medical device and pharmaceutical sectors...
Insurer pays price for fixing uninsured vehicle
20 September 2024
QBE will not be allowed to recover repair costs from a complainant after it fixed his wife’s vehicle when it was no longer insured...
Mutuals are for good risks, not bad
20 September 2024
An upcoming webinar will dispel myths about insurance alternatives – including that discretionary mutual funds are intended to tackle uninsurable or bad risks...
Cost rises eroding cyclone pool savings, monitor says
19 September 2024
The cyclone reinsurance pool has started delivering lower premiums for some consumers but savings have been offset by other cost rises, the Australian Competition and Consumer Commission says...
RACQ renews tax reform push as Queenslanders prepare to vote
19 September 2024
RACQ has again pressed for the scrapping of home insurance taxes ahead of the Queensland elections on October 26...
Insurer wins dispute after quake shakes up Morocco trip
19 September 2024
A traveller who cancelled her trip to Marrakech after a 6.8-magnitude earthquake struck the Atlas Mountains has lost a claim dispute...
Wild west: severe weather claims surge in WA, SA
19 September 2024
NRMA Insurance received 5771 “wild weather” claims in winter, down 40% from autumn but up from 4184 in winter last year, with water entering homes one of the most common issues...
Regulators clear Ardonagh offer for PSC
18 September 2024
UK-based Ardonagh has received the government regulatory approvals required for its $2.3 billion takeover of PSC Insurance Group...
La Nina ‘could be weak and short-lived’
18 September 2024
If a La Nina weather system develops later this year it is likely to be weak, according to the latest climate driver update from the Bureau of Meteorology...
Deep dive wrecks travel insurance claim
18 September 2024
A traveller who sought a payout for her partner’s scuba diving-related decompression sickness will not be covered after her insurer’s application of a policy exclusion was deemed fair by a complaints authority...
INsight podcast: strata fallout continues
18 September 2024
The ongoing impact of the ABC's strata investigation is discussed in depth on the latest episode of the Insurance News podcast...
State insurer to cover out-of-home care after market failure
17 September 2024
State insurer icare will offer physical and sexual abuse cover for contracted providers of youth homelessness and other out-of-home care services in NSW, providing a long-term solution for the challenging niche...
Suncorp chief to head ICA board as Hawkins nears end of term
17 September 2024
Suncorp CEO and MD Steve Johnston will chair the Insurance Council of Australia board from January 1...
Vehicle collector denied cover over ‘theft’ of sale proceeds
17 September 2024
An “avid car collector” who was not paid when his VW Kombi was sold will not be covered for his loss after the dispute authority found his insurance policy should not respond...
ACT Liberals promise strata commissioner
17 September 2024
The ACT Liberal opposition says it will establish a strata and building quality commissioner if it wins government in next month’s election...
Howden buys Sydney brokerage portfolio
16 September 2024
Global intermediary group Howden has acquired the client portfolio of Collegial Insurance Services...
Lawyers call for ‘strata cops’ to target bad actors
13 September 2024
The Australian College of Strata Lawyers says independent and properly resourced enforcement agencies are needed to better protect property owners and sector-wide structural change is required on insurance commissions...
Lockton builds claims focus, recruits former Gallagher head
13 September 2024
Former head of claims at Gallagher, Adam Squire, has taken up the same position at Lockton as the independent brokerage looks to expand its claims offering...
Dog owner loses payout battle after pet attacks neighbour
13 September 2024
A man who claimed against a legal liability cover after his dog attacked a neighbour has lost his bid to overturn his insurer’s denial decision...