Daily
Phuong Ly to head new Commercial division at Allianz
14 April 2021
Allianz has appointed Phuong Ly to lead its newly created Commercial division, focusing on small to medium enterprises, mid-corp markets and specialist areas such as underwriting agencies and Hunter Premium Funding...
INsight podcast: it's all about insurtech
14 April 2021
The new insurtech section launched this week by insuranceNEWS.com.au is the focus of the latest edition of the INsight podcast...
PSC appoints Hosking Australia & NZ head
13 April 2021
PSC Insurance Group has appointed former Allianz executive David Hosking to the new role of CEO Australia and New Zealand...
Former brokerage chairman and A Current Affair settle lawsuit
13 April 2021
Former GSA Insurance Brokers Chairman John Hewson and A Current Affair have settled legal action launched after the TV show broadcast a report on a flooding claim refusal that he alleged was defamatory and inaccurate...
Zurich appoints Chief Claims Officer
13 April 2021
Zurich has appointed Marsh executive Tim Scott-Young as its Chief Claims Officer for general insurance in Australia and New Zealand...
Insurance crunch hits travelling circus
13 April 2021
A family-owned Australian travelling circus has been forced to part with its performing lions and monkeys in order to secure a public liability insurance policy, allowing it to carry on operating...
Tradie shortages hit after hailstorms
09 April 2021
Queensland hailstorms last year, continued wet weather, COVID-19 impacts and shortages of tradespeople are causing delays and cost increases for roofing repair insurance work in the state’s southeast...
'Time running out' to apply for claims handling licence
09 April 2021
The corporate regulator has voiced alarm at the number of insurance claims handling firms that have applied for licences to continue providing the services, with less than three months to the June 30 deadline for paperwork to be submitted...
Lloyd's insurer rules out Adani involvement
09 April 2021
Leading Lloyd’s insurer and reinsurer MS Amlin says it is not involved with the Adani Carmichael coal mine and ruled out taking part, as climate activists keep up a pressure campaign against the controversial Queensland project...
Consumer loses battle over 'laid up' cover
09 April 2021
A motorist has lost a claims dispute with Suncorp after his vehicle was involved in a collision while on “laid up” cover...
Brokers code review criticised as deadline for submissions nears
08 April 2021
The review process for the Insurance Brokers Code of Practice has been attacked by a consumer group, ahead of tomorrow’s deadline for submissions...
Queensland MP confident on reinsurance pool backing
08 April 2021
Northern Queensland MP Warren Entsch says he is increasingly confident funds will be allocated towards a catastrophe reinsurance pool in the Federal Budget given evidence of insurance market failure in Australia’s cyclone-prone regions...
ASIC launches Westpac CCI court action
08 April 2021
The Australian Securities and Investments Commission has started Federal Court action against Westpac, alleging it sold add-on consumer credit insurance to customers who had not agreed to buy the policies...
Claimant on JobKeeper payments not covered by loan protection policy
08 April 2021
A complainant who was stood down because of the pandemic and subsequently made an unsuccessful claim for unemployment benefits under his loan protection policy, believing his circumstances fell within the scope of coverage, has lost his bid to have the decision overturned...
Brokerage 'open letter' seeks coal activism rethink
07 April 2021
CRE Insurance Broking, which provides cover for the construction, resources and energy sectors, has highlighted an open letter calling for a rethink on the industry’s response to anti-coal activism as clients struggle to obtain cover...
La Nina over, but 'above average' rainfall could continue
07 April 2021
The La Nina weather system which contributed to severe flooding in NSW and Queensland last month is officially over, the Bureau of Meteorology has announced...
Ardonagh enters US, forms global division
07 April 2021
Ardonagh Group, which bought a key stake in Resilium earlier this year, has made its first US acquisition and formed a division to drive international expansion plans in markets including Australia...
Collapsed ceiling caused by defective workmanship 'not covered'
07 April 2021
A QBE home insurance policyholder who disputed the insurer’s decision to deny his claim for damage caused by the collapse of a section of his house ceiling after windy weather has lost his complaint...
Product withdrawal fears escalate as UCT laws take effect
06 April 2021
Concerns have intensified that insurers may withdraw cover for certain risks due to potential complications arising from the application of unfair contract terms laws to insurance contracts...
Entertainment industry pushes for government-backed BI insurance fund
06 April 2021
Live performers and festival organisers have issued a fresh appeal for a government-backed business interruption insurance scheme, after last week’s cancellation of the Bluesfest event in Byron Bay dealt a new blow to the virus-hit entertainment sector...