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...
29 November 2022
Insurance Brands Australia has acquired Victorian brokerage Mattiske & Henderson Insurance Services based in Hamilton, further extending its regional presence in the state...
29 November 2022
Zurich has appointed Evan Moore to take up the newly created role of Head of Property, Marine & Technical Lines for its general insurance business in Australia...
29 November 2022
The corporate regulator says providers of claims handling and settling services will no longer have to provide clients with a Financial Services Guide to reduce the "burden of duplicative disclosure"...
29 November 2022
Large areas of Australia face above normal fire potential this summer as saturated ground supports vegetation and fuel load growth...
25 November 2022
Northern Australia cyclone reinsurance pool complexities are preventing insurers joining more quickly, while the Federal Government would need to consider subsidising the scheme if it wanted to deliver more significant savings for consumers, insurers have told a federal parliamentary committee inquiry...
25 November 2022
Youi board director David Foster will become Chairman on January 1, taking over from Campbell Corfe who has served in the role since 2011 and will stay on as Non-Executive Director...
25 November 2022
A complainant who said his insurer incorrectly applied premium increases to properties in close proximity has lost his dispute after an Australian Financial Complaints Authority ruling...
25 November 2022
The Australian Parliament has passed amendments to ensure up to $200 million a year in disaster funding focuses "solely on mitigating the impacts of natural disasters", the Federal Government says...
24 November 2022
The industry more than tripled its underwriting profit to $6.1 billion for the 12-month period to September from a year earlier, successfully pushing through premium increases across key lines as floods and other extreme weather events drive up claims...
24 November 2022
Reinsurance property catastrophe rates will likely jump “well over 10%” in the January renewals, with increases next year to be most pronounced in regions worst affected by disasters, including Australia, Florida and France, Fitch Ratings says...
24 November 2022
An insurer's liability claim denial has been overruled by an Australian Financial Complaints Authority panel, which ordered court proceedings be monitored to determine if a complainant is personally liable for injuries sustained in an accident...
24 November 2022
Sydney-based Hutch Underwriting has launched a new residential strata insurance policy, which it says offers body corporates protection from cybercrime for the first time...
23 November 2022
Changes to weather and climate extremes, which are driving more intense rainfall, longer fire seasons and rising sea levels, are happening at an increased pace across Australia, a report from the CSIRO and Bureau of Meteorology has found...
23 November 2022
New Zealand’s Tower expects underlying net profit to rise to $NZ27-32 million ($25-30 million) in fiscal 2023 and gross written premium to increase 10-15%...
23 November 2022
Zurich announced today Deepak Budhiraja will take up the role of Australia and New Zealand Chief Information Officer on January 16 next year, relocating from Hong Kong to Sydney for the job...
23 November 2022
A detailed interview with Quality of Advice reviewer Michelle Levy is the main focus for discussion on the latest Insurance News podcast...