Daily
Natasha Gale takes the reins at ARAG
06 July 2021
Legal Expense Insurance specialist ARAG Services Australia has promoted Natasha Gale to CEO after the family-owned German business quickly scaled up in size here to support a local chief...
Claims crunch time: podcast discusses broker value
06 July 2021
Difficult market conditions and claims experiences are encouraging more small businesses to consider using brokers, the final episode of a feature podcast series on the Vero SME Insurance Index has highlighted...
BI class actions launched against QBE, Lloyd's
02 July 2021
Gordon Legal has launched class actions in the Federal Court against QBE and Lloyd’s over the rejection of business interruption claims lodged due to COVID-19 pandemic restrictions...
RACT Insurance reviewing Dunalley bushfire ruling
02 July 2021
The Supreme Court of Tasmania has today ruled in favour of 400 plaintiffs in a huge court action relating to the January 2013 bushfire that ripped through the town of Dunalley...
Suncorp divests 50% stake in RACT Insurance
02 July 2021
Suncorp will sell its 50% stake in RACT Insurance for $83.75 million to mutual motoring body RACT Group, which owns the other half of the Tasmanian joint venture, the insurer announced today...
AFCA awards payout, compensation to saggy ceiling claimant
02 July 2021
A Victorian woman has won a payout and been awarded compensation for unusual physical inconvenience and stress in a claim dispute with IAG over sagging ceilings throughout her 13-year old home...
Allianz completes Westpac deal to become third biggest insurer
01 July 2021
Allianz says it is now the third largest general insurer in Australia - behind IAG and Suncorp - following the completion today of its $725 million acquisition of Westpac’s general insurance business...
Steadfast unveils risk management tool
01 July 2021
Steadfast today introduced a data-driven management tool to assist its brokers with identification of risk hazards and natural catastrophe exposures by geographic locations and operational activities...
NIBA names SA/NT broker award finalists
01 July 2021
The National Insurance Brokers Association has revealed the 2021 finalists in SA/NT for both its Broker of the Year and Young Professional Broker awards.
INsight podcast: when politicians attack
01 July 2021
Insurers’ appearance before the House of Representatives Standing Committee on Economics was the main discussion point on the latest Insurance News podcast...
'Tough' new code set to kick in for industry
30 June 2021
An updated Code of Practice is set to kick in tomorrow for the general insurance industry, ushering in a new era of strengthened consumer protections and stiff sanctions for non-compliance including penalties of up to $100,000 for significant breaches...
Just a minute: transcript reveals High Court's swift rejection of industry case
30 June 2021
Court documents outline the complex legal arguments made by the insurance industry as it sought leave to appeal the outcome of the first COVID-19 business interruption test case, as well as the speed of their dismissal...
NIBA halts ticket sales for July events
30 June 2021
The National Insurance Brokers Association is temporarily pausing registrations for next month’s gatherings in Perth, Brisbane and Sydney due to the unfolding COVID-19 situation across Australia...
Homebuyer loses claim dispute after fire scuppers purchase
30 June 2021
A company director seeking almost $160,000 from Suncorp after he backed out of a property sale agreement because the home was damaged by fire before settlement has lost a claim dispute...
Cyber the 'new D&O' as premiums soar: Marsh
29 June 2021
A rapid rise in cyber premiums as a result of surging ransomware attacks is leading to challenging market conditions similar to those experienced in directors’ and officers’ cover, broker Marsh has told a parliamentary hearing...
GSA acquires fellow Steadfast-backed broker
29 June 2021
GSA Insurance Brokers, in which Steadfast holds a controlling stake, has acquired the NSW and Victorian businesses of Mega Capital, a professional risk insurance broking firm that is also majority owned by the listed broker network group...
'Claims influx' likely following BI test case defeat: lawyer
29 June 2021
Plaintiff law firm Shine Lawyers says there will be an “influx of claims” after insurers suffered a business interruption test case defeat in the High Court last week...
ICA argues against ACCC's proposed broker commission ban
29 June 2021
The Insurance Council of Australia has raised objections to some key Australian Competition and Consumer Commission recommendations on insurance, including the banning of broker commissions...
BI battle continues after High Court ruling
25 June 2021
Insurers’ battle over business interruption issues triggered by the COVID-19 pandemic will shift to a second industry test case to be heard later this year after the High Court today rejected any appeal on Quarantine Act exclusions, while other legal actions are also gathering pace...
Insurers acting unfairly on coal, inquiry hears
25 June 2021
Insurers are discriminating against the coal-mining sector and are undermining emission reduction efforts by limiting cover to innovative engineering and technology companies, a Parliamentary inquiry was told today...