Daily
WA fire losses top $40 million, catastrophe declared
05 February 2021
Insured losses from the Perth Hills bushfires have reached more than $40 million, with the total expected to rise in coming days as residents return to their properties following evacuations...
Latest Climate Index affirms extreme weather trend
05 February 2021
Conditions last spring exhibited “extreme weather” elements, pushing the Australian Actuaries Climate Index to a reading of slightly above 0.6, its highest ever value for the season, according to an update released today by the Actuaries Institute...
ICA releases detail on second BI test case
04 February 2021
The Insurance Council of Australia has provided a summary of current legal action aimed at clarifying COVID-19 business interruption claims – including more detail about the proposed second test case...
Pacific prices continue surge: Marsh index
04 February 2021
Commercial pricing in the Australia-dominated Pacific region surged 35% in the fourth quarter as an upward trend accelerated, the latest Marsh Global Insurance Market Index shows...
Roo must be joking: crash claimants fail to pin blame on marsupials
04 February 2021
The Australian Financial Complaints Authority has backed insurers in three vehicle claim disputes lodged by customers who blamed the sudden appearance of kangaroos for them losing control and crashing into trees...
Dianne Phelan appointed NIBA president
04 February 2021
The National Insurance Brokers Association has appointed BJS Insurance Group Operations Manager Dianne Phelan as President effective from today...
PSC expects strong first-half earnings results
03 February 2021
PSC Insurance Group says today the business expects to report a more than 50% jump in underlying pre-tax earnings when its half-year financial results are released on February 22...
WA fire destroys more than 70 homes as threat continues
03 February 2021
The number of homes destroyed by bushfires near Perth has risen above 70 as strong winds and difficult terrain threaten to cause further property damage...
Insurers 'ditch one-stop-shop providers for niche specialists'
03 February 2021
Insurers are opting to select an array of expert technology suppliers instead of relying on a single general provider, insurance consulting firm Xceedance says...
Driver loses dispute over car stolen during coffee stop
03 February 2021
A man who stopped to make a coffee at a service station at 3am and emerged to find his vehicle gone will not have his claim paid after losing a dispute with his insurer...
Homes destroyed in WA bushfire
02 February 2021
A bushfire burning out of control near Perth may have destroyed at least 30 homes as firefighters continue to battle the flames and aerial support is sent to protect crews and properties...
Swiss Re Corporate Solutions local head leaves for UK role
02 February 2021
Swiss Re Corporate Solutions has appointed Country Head Australia and New Zealand Melanie Slack, who is based in Sydney, to a new posting in London with responsibility for the business in the UK, Ireland and South Africa...
Queensland councils join forces in reinsurance pool push
02 February 2021
The Local Government Association of Queensland is today urging the Federal Government to set up a national reinsurance pool before the next disaster season to help cut the cost of soaring premiums in the state...
Thumb tip not a limb, AFCA rules in claim dispute
02 February 2021
AIG has won a claim dispute over a $25,000 policy benefit sought by a man who lost the tip of one of his thumbs during a circular saw accident in May...
Treasury consults over add-on deferred sales model exemptions
29 January 2021
A Treasury consultation will consider exemptions to the new deferred sales model for add-on insurance...
Policyholder fails to force insurer to pay for claim manager
29 January 2021
The Australian Financial Complaints Authority has ruled Suncorp does not have to cover a $50,000 fee paid by policyholders to someone they engaged to assist with a home storm damage claim after they were dissatisfied with the insurer’s response...
Beverage importer wins third-party claim dispute against CGU
29 January 2021
The Federal Court has ruled a beverage importer can rely on the meaning of "a third party beneficiary" as set out in the Insurance Contracts Act to claim under an Industrial Special Risks Insurance Policy issued by CGU...
IAG calls for automated vehicle makers to use standardised interface
29 January 2021
IAG says driverless car manufacturers must share vehicle use data and technical details if insurers are to continue offering cover...
Aon unveils post-WTW merger executive team
28 January 2021
Aon has announced the executive team that will lead the company under CEO Greg Case after completion of its $US30 billion merger with Willis Towers Watson...
Motor trader who blamed broker for 'inappropriate' policy loses complaint
28 January 2021
A complaint filed by a motor trader against PSC Reliance Franchise Partners, accusing the broker of failing to arrange an “appropriate” insurance policy, has been dismissed by the financial dispute resolution body...