Daily
Octogenarian in poor health wins extra claim compensation
13 April 2022
An 84-year-old with severe arthritis and a heart condition who said she was forced to sleep on the floor during a claim for storm damage has won additional compensation in a second dispute hearing...
Zurich’s Longden to take up expanded CFO role
13 April 2022
Zurich says Daniel Longden will take up an expanded CFO role for the group’s Life and Investments and General Insurance businesses across Australia and New Zealand, effective from the start of next month...
icare recruits CFO Farquharson from Zurich
12 April 2022
NSW state-owned insurer icare has appointed Zurich’s Stuart Farquharson as CFO following executive moves at the end of last year...
Renewables underwriter GCube puts ‘boots on the ground’
12 April 2022
GCube Insurance, a specialist underwriter for renewable energy projects, has expanded with a new operation in the Sydney office of its parent Tokio Marine...
Jewellery owner who ‘forgot’ to read policy loses missing valuables dispute
12 April 2022
A home and contents policyholder, who initially stated she forgot to read her policy booklet and later claimed she read it but didn’t understand what the documents meant, has lost a dispute over some sentimental jewellery pieces that went missing during a hotel stay...
HDI Global appoints market manager in Sydney
12 April 2022
Sydney-based Deborah Allan has been appointed market manager at HDI Global in Sydney, where she will focus on brokers and clients in NSW, Queensland and the ACT...
Axa XL appoints Australia distribution head
08 April 2022
Axa XL has appointed Stephen Nguyen as Head of Distribution for Australia, while Shaun Higgerson has taken up the role of Client and Distribution Leader...
Clyde & Co launches cyber risk advisory practice
08 April 2022
Law firm Clyde & Co has launched an APAC Cyber Risk Advisory practice in response to growing demand from clients seeking support to improve their digital security...
Court orders $1.5 million Westpac penalty over add-on sales
08 April 2022
The Federal Court has ordered Westpac Banking Corporation to pay a $1.5 million penalty for mis-selling consumer credit insurance to customers who had not agreed to buy the policies...
'Acutely unsafe': driver who ignored dashboard alert loses burst tyre dispute
08 April 2022
A motorist who blamed a burst tyre on difficulty servicing his vehicle during covid lockdowns after ignoring low pressure warnings and “bad noises” as he drove home on a freeway has lost a claim dispute...
Premium spikes 'inevitable' after latest NSW/Queensland floods
07 April 2022
Insurers in Australia look set to raise rates in the coming months to cushion the financial blow of weather-related events and other natural disasters that have hit the country in the last few years, KPMG says in a report released today...
Federal Government backflips on Queensland package
07 April 2022
Prime Minister Scott Morrison says the Federal Government will pay for half the Queensland $741 million flood recovery package, after coming under fire yesterday for not providing funding...
QBE to underwrite Kogan Insurance products
07 April 2022
QBE has entered into a long-term agreement with online retailer Kogan Australia to provide home, motor and compulsory third party insurance products...
INsight podcast: code breaches, catastrophes and covid
07 April 2022
Rising self-reported breaches of the General Insurance Code of Practice are the main topic of discussion on the latest episode of the Insurance News podcast...
'Short-sighted': ICA fumes at federal snub to Queensland floods package
06 April 2022
The Insurance Council of Australia has criticised the Federal Government for refusing to support a $741 million resilience funding package proposed by the Queensland Government...
$100,000 payments for significant code breaches 'being finalised'
06 April 2022
Insurers responsible for significant breaches of the General Insurance Code of Practice can face a financial sanction of up to $100,000 – but the way in which these payments operate is still being finalised...
Vintage Jaguar driver wins balance of $130,048 payout
06 April 2022
The owner of a 1968 Jaguar E-Type two-door Roadster has won a claim dispute over a shortfall of $60,471 in his insurance payout for repairs to the vintage car...
Climate disclosure obligations bring risk for directors: WTW report
06 April 2022
Company directors in Australia and key Western economies such as the UK face potential liabilities in relation to climate change risk disclosure obligations, according to global brokerage WTW...
Brokers go ‘above and beyond’ for clients hit by pandemic, disasters
05 April 2022
Brokers went to extra lengths to help affected clients manage the financial impact arising from the pandemic, Black Summer bushfires and other natural disasters, according to an Insurance Brokers Code Compliance Committee report released today...
Tokio Marine says Greensill policies void
05 April 2022
Tokio Marine says its “extensive investigations” have determined that Greensill policies written by Australian subsidiary BCC Trade Credit are not valid due to the insured’s misrepresentations and duty of disclosure breaches...