09 December 2022
RACQ has declined to comment on “market speculation” that it aims to sell its insurance business, saying it is committed to continuing to offer insurance to its members...
09 December 2022
The Underwriting Agencies Council has elected Austplacements CEO Heath Amber as its new chair and honoured long-serving GM William Legge at a farewell function ahead of his retirement at year end...
09 December 2022
A Lismore resident whose home was severely damaged by floods in February will not have his claim paid after an Australian Financial Complaints Authority panel backed his insurer’s decision to decline it...
09 December 2022
Catastrophe data company Perils estimates losses from October’s floods in NSW, Victoria and Tasmania at $791 million, making it Australia’s fifth largest flood event loss since 1980...
08 December 2022
Conflicts of interest that can’t be satisfactorily managed across the strata industry should be phased out, an independent review of "convoluted" arrangements within the sector has recommended...
08 December 2022
The Australian Securities and Investments Commission has filed court proceedings seeking financial penalties against an insurer for allegedly breaching its duty to act with utmost good faith during claims handling...
08 December 2022
Cover Genius’ latest report says a rising segment of property owners will switch away from traditional insurance and towards embedded options as customers are lured by convenience...
08 December 2022
The Australian and New Zealand Institute of Insurance and Finance has announced the newest winners of its annual Making a Difference awards...
07 December 2022
An Indian Ocean climate driver that has contributed to this year’s record-breaking flooding has returned to neutral territory, but Australia’s third-consecutive La Nina is likely to persist into next month or February, the Bureau of Meteorology says in its latest update...
07 December 2022
The Insurance Council of Australia will host in-person meetings for flood-impacted communities in the central-west NSW towns of Eugowra and Forbes next week...
07 December 2022
A substantial rise in significant breaches of the insurers' code of practice is the main discussion point on the latest episode of the Insurance News podcast...
07 December 2022
Underwriting agency Fusion Specialty today announced the global launch of Mio, a merger and acquisition insurance product aimed at SME businesses that are considering deals valued at between $1 million and $100 million...
06 December 2022
Queensland-based Ausure Coast & Country has been acquired by Gallagher, which says the brokerage has a strong track record of serving clients across the Sunshine Coast, Cooroy and Bundaberg...
06 December 2022
The Australian Securities and Investments Commission has launched its first court action seeking civil penalties over alleged breaches of design and distribution obligations...
06 December 2022
William Miller has been appointed WTW’s Asia Pacific Head of Crisis Management, a new line of business that protects corporate employees from kidnap, ransom and terrorism events, as well as a broader range of risks...
06 December 2022
A homeowner whose pool was damaged by heavy rainfall will not be compensated for her loss after a dispute ruling determined that her insurer was entitled to rely on a policy exclusion relating to hydrostatic pressure...
02 December 2022
Cornerstone Risk Group has acquired Toowoomba-based PMA Trilogy Insurance Solutions, as the Resilium-backed business continues to expand its market presence in Queensland...
02 December 2022
Fundamental ethics questions are being raised by widespread adoption of artificial intelligence and machine learning, and this requires careful governance and oversight, the latest Cyber trust insights report from KPMG says...
02 December 2022
Innovation Holdings Australia is set to take full control of iSelect after the Australian Competition and Consumer Commission approved the proposed acquisition...
02 December 2022
The owner of a stolen motorcycle who had his claim denied will be reimbursed for his losses after an Australian Financial Complaints Authority determination refuted allegations from his insurer that the claim had been false...