Daily
Nightmare tenants' 'unhygenic' lifestyle not covered by insurance
24 February 2021
A landlord has won a partial payout during a claim dispute after evicted tenants left broken windows, graffiti and missing taps - although the majority of the damage was ruled to be subject to a policy exclusion for poor housekeeping and unhygienic habits...
INsight podcast addresses year of regulatory reform
24 February 2021
A packed year of regulatory reform is the key talking point in this week’s edition of the Insurance News podcast...
QBE restructure removes 40 positions
23 February 2021
QBE has announced to staff that about 40 roles will be made redundant, insuranceNEWS.com.au understands...
AUB lifts earnings guidance after strong first-half results
23 February 2021
AUB Group has again lifted its earnings forecast for this financial year as the business turned in a strong first-half performance, with underlying net profit after-tax of $30.7 million for the six months to December 31...
Allianz charged with making false statements about travel products
23 February 2021
Allianz Australia and its subsidiary AWP face criminal charges accusing them of making false or misleading statements on a range of domestic and international travel insurance products between 2016 and 2018....
Landlord loses complaint over 25% premium hike
23 February 2021
The Australian Financial Complaints Authority has upheld a decision by Terri Scheer to raise the annual premium for a landlord insurance policy by 25% when it was renewed last year...
QBE looks to improvement after $2 billion loss
19 February 2021
QBE Group says it's well placed to take advantage of a stronger market to pursue targeted growth and improve its performance in the wake of a $US1.52 billion loss...
Long wait expected for Australia business interruption clarity
19 February 2021
Legal battles over business interruption cover for COVID-19 may bring little clarity to the Australian market until later in the year, QBE Group Interim CEO Richard Pryce said today...
AIG appoints new client and broker engagement head
19 February 2021
AIG Australia says Lisa Jeffery has joined the business as Head of Client and Broker Engagement as well as interim Head of Claims...
On a floodplain but no flood cover: Elders wins $30,000 claim dispute
19 February 2021
Farmers claiming $30,000 to repair flood-related damage to a Tweed River property after Cyclone Debbie have lost a dispute with its insurer...
New icare CEO overhauls executive team
18 February 2021
New icare CEO Richard Harding has announced an overhaul of the state-owned insurer’s leadership team, involving creation of a new governance role and the departure of a number of executives...
Aon-WTW merger will 'lessen competition' in broking sector: ACCC
18 February 2021
The country’s competition watchdog has “preliminary concerns” that the proposed union of Aon and Willis Towers Watson could lead to a less competitive commercial insurance broking sector in Australia, with the market dominated by the merged entity and Marsh...
Fraudster and former broker Pratten must pay $2.4 million penalty
18 February 2021
Former Sydney insurance broker and convicted tax cheat Timothy Charles Pratten must pay a $2.43 million penalty as sought by the Commonwealth, the Supreme Court of NSW has ruled...
Hacked business wins $90,500 payout under management liability policy
18 February 2021
A business has won a dispute over a claim denied by Zurich after hackers accessed its accountant’s email and fraudulently lured payment from a customer...
AUB sets up placement vehicle to handle complex risks
17 February 2021
Austbrokers, the broking arm of AUB Group, has established a dedicated unit to handle complex risks in response to ongoing challenging conditions in the market, which have been described by the industry as the toughest since 2000...
Risks flagged as add-on insurance reforms contested
17 February 2021
Laws to defer add-on insurance sales could expose consumers to immediate financial risk in a number of scenarios including rental vehicle hiring, brokers have warned as the Government considers exemptions to the new rules set to take effect this year...
Fair and reasonable: industry applauds permanent disclosure plan
17 February 2021
A major broker has welcomed a plan to permanently ease continuous disclosure requirements for listed companies, saying the proposed rule change will put Australia in step with the US and UK, and help address soaring directors' and officers' insurance premiums...
Playing catch-up: INsight podcast welcomes broker code review progress
17 February 2021
The National Insurance Brokers Association’s discussion document on proposed changes to the Code of Practice was the key talking point for the latest Insurance News podcast, INsight...
MGA’s Myanmar expansion plans on hold after military coup
16 February 2021
Australian broking group MGA has been forced to freeze plans to set up operations in Myanmar following political unrest in the South East Asian country...
Insurance House expands with 'strategically timed' mergers
16 February 2021
Melbourne-based Insurance House Group has expanded its presence in the Victorian capital and moved into SA through “strategically timed” mergers with PSB Insurance Brokers and Malcolm Hutson & Associates...