Daily
Engineers support building code changes to stop water leaks
06 June 2024
Engineers Australia has backed proposed changes to the National Construction Code that it says could prevent water leaks – the leading cause of defects in apartments and commercial buildings...
Refund rejected after row over funeral cover payments
06 June 2024
A man in his mid-80s who paid funeral cover premiums worth more than double the $10,000 benefit has lost a dispute with his insurer over a request for a refund...
ICA proposes more local council input on resilience projects
06 June 2024
The Insurance Council of Australia has called on the federal government to better tap local councils’ knowledge to maximise benefits from resilience projects delivered through the Disaster Ready Fund...
Record reinsurance a ‘vote of confidence’ in EQC
06 June 2024
New Zealand’s EQC Toka Tu Ake has secured record reinsurance of $NZ9.2 billion ($8.5 billion) to cover natural hazards...
Aldi launches ‘exceptional value’ insurance
05 June 2024
Aldi will sell car, home and landlord cover in Australia under a new distribution agreement with Honey – the first time the supermarket has added insurance to its offer worldwide...
Chubb to buy Australian aviation specialist
05 June 2024
Chubb will acquire Melbourne-based Catalyst Aviation Insurance, a managing general agent that specialises in general aviation cover for the Australian market...
‘Wake-up call’: Medibank faces court action over hack
05 June 2024
The government has brought civil action against Medibank Private for failing to take “reasonable steps” to protect the privacy of almost 10 million customers when it was hacked in 2022...
INsight podcast: class action revives pricing promises scandal
05 June 2024
A class action launched over home and contents loyalty discounts is the main topic of discussion on the latest Insurance News podcast...
Dual to take on Allianz financial lines portfolio
04 June 2024
Allianz Australia’s financial lines portfolio will be managed by underwriting agency Dual Australia from October 1, and the insurer will be the sole capacity provider under the partnership...
Consultants group seeks clear terms and definitions
04 June 2024
The newly formed Association of Insurance Building and Engineering Consultants has told the floods inquiry that a set of insurance industry and expert-agreed terms and definitions are needed to improve claims processes...
Queensland lifts workers’ comp premiums
04 June 2024
Queensland workers’ compensation premiums will rise 4% next financial year, but the state says businesses will continue to benefit from one of Australia’s lowest average rates...
Car sale scam victim wins theft payout
04 June 2024
A car owner whose vehicle was stolen during a fraudulent sale process has won a battle to have his losses covered by his insurer...
Minister ‘won’t be drawn’ on flood pool, subsidies
31 May 2024
Details were released today on the federal government’s new Insurance Affordability and Natural Hazards Risk Reduction Taskforce, but Assistant Treasurer Stephen Jones declined to comment on whether a flood pool or subsidies will be considered...
Reinsurers to join hazards partnership
31 May 2024
The Hazards Insurance Partnership comprising government and industry organisations will broaden its membership and add reinsurance representatives...
Experienced public servant to head statutory insurance regulator
31 May 2024
The NSW State Insurance Regulatory Authority has appointed career public servant Mandy Young as CEO, effective from June 10...
Dispute authority tells IAG to compensate vulnerable driver
31 May 2024
IAG has been ordered to review a decision denying a car owner’s claim and to compensate him after failing to identify his vulnerable status...
AICLA veteran to head new trade expert association
30 May 2024
Tony Libke has been appointed CEO at the Association of Insurance Building and Engineering Consultants, a new professional body created to raise the quality of expert reports used in claims handling...
Insurer must pay as court spreads blame over stair slip
30 May 2024
A rail company has won a court battle over the cause of serious injuries to a commuter who slipped on a recently tiled train station staircase...
Technology, expertise fuel underwriting agency growth
30 May 2024
The role of underwriting agencies will continue expanding as specialised product knowledge and agile technology adoption fuel growth, experts participating in an Xceedance-Insurance News webinar say...
Policyholder wins payout after stink over spoilt food
30 May 2024
RAC Insurance must pay a food spoilage claim after losing a dispute over a $500 excess...