Daily
Genworth reports strong Q1, prepares to unveil new name
12 May 2022
Genworth says its first-quarter underwriting profit was “very strong” as it plans to reveal a new name later this year in a rebranding to “mark a new chapter” after NYSE-listed Genworth Financial Inc sold its entire 52% stake...
Cannabis user loses motor claim dispute
12 May 2022
A driver who says he drove safely a day after consuming a small amount of cannabis, and was no longer under the influence at the time of an accident another day later, has lost a claim dispute...
AFCA releases fairness project outcomes report
11 May 2022
The Australian Financial Complaints Authority has published a report on work to ensure its approach to fairness is well understood and is applied consistently and independently...
Shopkeeper loses flood vs stormwater dispute
11 May 2022
The owner of a store in a Townsville shopping centre has lost a claim dispute after the property was inundated following a storm in February 2019...
HDI appoints local head of aviation, seeks new underwriter
11 May 2022
HDI Global Specialty has promoted Dylan Jones to the role of Head of Aviation, Australia and New Zealand...
INsight podcast: AUB's significant overseas acquisition
11 May 2022
AUB Group's acquisition of London-based Lloyd's broker Tysers is the main talking point for the panel on the latest edition of the Insurance News podcast...
La Nina persists as Queensland faces heavy rainfall
10 May 2022
The La Nina weather system that has brought widespread flooding this year is persisting, the Bureau of Meteorology said today, while also warning of torrential rainfall in the next few days over parts of Queensland...
Lockton appointed for $3.5 billion renewable power project
10 May 2022
Lockton has been selected as the insurance adviser and broker for the Marinus Link Project, which involves construction of an undersea electricity and telecommunications connection between Tasmania and Victoria...
Network Insurance Group acquires established brokerage
10 May 2022
Steadfast-backed Network Insurance Group has acquired Nadic Insurance Brokers, which has a long history in NSW’s Hunter region as well as offices in Sydney and the Gold Coast...
Cancer patient loses dispute over travel insurer 'ultimatum'
10 May 2022
A Western Australian living and working in the US who says her travel insurer gave an “ultimatum” to return home for breast cancer treatment, delaying vital surgery by five weeks, has lost a claim dispute while being awarded compensation for stress caused by errors in communication...
'We need a plan on floods rebuild', ICA tells NSW Premier
06 May 2022
An “overarching plan” is required to rebuild after Australia’s worst floods catastrophe, the Insurance Council of Australia has warned NSW Premier Dominic Perrottet...
Insureds share onus for sustainable cyber market: Marsh
06 May 2022
Supporting a sustainable cyber insurance market is a shared responsibility between insurers and policyholders, and organisations seeking coverage must demonstrate a dedication to mitigating the impact of third-party risk to maintain broad coverage, Marsh says...
Man claiming engine damage was malicious sugar attack loses dispute
06 May 2022
A man who said an unknown third party gained access to his worksite and maliciously damaged two excavators by putting sugar into the engines, causing them to fail, has lost a claim dispute...
Industry holds online meeting for flood claimants
06 May 2022
The Insurance Council of Australia will host a “virtual townhall” event next week to help east coast flood victims understand the claims process...
QBE makes 'strong start' to year as Q1 GWP rises 19%
05 May 2022
QBE says the business has made a “strong start” to the new financial year, as first quarter gross written premium rose 19% in the three months to March from a year earlier...
ASIC prosecutes financial services firm over lax cyber policy
05 May 2022
The Federal Court has today ruled that RI Advice breached the Corporations Act with inadequate cyber security measures, the first Australian Financial Services licensee to be so prosecuted...
Land use planning failing on flood risk: ICA report
05 May 2022
Land use planning is failing to protect properties from riverine and flash flooding after high intensity rainfall, as risks are underestimated despite the events representing one of the nation’s costliest extreme weather impacts, a research report released today by the Insurance Council of Australia says...
Coal call: Adani wants government backing for mutual insurance scheme
05 May 2022
Adani Australia has stepped up its push for a government-backed mutual scheme to address the insurance crisis facing the coal sector, raising the pressure on politicians as the country prepares to go to the polls in slightly more than two weeks’ time...
Gallagher unveils latest acquisition
04 May 2022
Gallagher has sealed the acquisition of Melbourne-based Woodridge Insurance Services in a deal that closed this week...
More flood disputes rolling in: AFCA
04 May 2022
Disputes from the NSW/Queensland floods have risen to 135, with insurance-related claims matters accounting for the majority of cases, an update today from the Australian Financial Complaints Authority shows...