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...
01 December 2022
A new guide has been created to help insurers avoid breaching anti-discrimination laws when using artificial intelligence (AI), saying underwriters must be careful assumptions are based on reasonable evidence...
01 December 2022
Vero took out the top gong at this year’s Australian and New Zealand Institute of Insurance and Finance New Zealand Insurance industry awards, to be named general insurance company of the year...
01 December 2022
Honan and Howden have both announced acquisitions today, as M&A in the broking sector continues to be highly competitive...
01 December 2022
A landlord whose property was hit by a hailstorm will have her roof replaced after a dispute ruling determined that her insurer inappropriately conducted repairs that failed to identify all damage and caused additional issues...
30 November 2022
The industry’s failure to honour pricing discounts has been going on for years, spanning even the operation of the previous 2014 Code of Practice, the General Insurance Code Governance Committee says in its report for the 2021/22 year...
30 November 2022
Aon has appointed John Carroll as Reinsurance Solutions CEO Australia and New Zealand as part of key changes to its Asia Pacific leadership team...
30 November 2022
The Insurance Council of Australia says the February-March flood catastrophe that hit Queensland and NSW is Australia’s most expensive natural disaster...
30 November 2022
Ardonagh's acquisition of Brisbane-based Envest is the main topic of discussion on the latest Insurance News podcast...