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Assetinsure CEO to resign after 17-year stint

08 December 2020

Assetinsure CEO Gregor Pfitzer will resign at the end of the month after 17 years with the insurer, which included a difficult period due to the financial troubles of former owner CBL...

Broker who misunderstood client must pay to cover claim

08 December 2020

Australian Broker Network was found to have breached its duty of care when it reduced the sum insured of a client’s business truck from $50,000 to $20,000, and must compensate the client who could not claim fully for the vehicle’s repair bill of $26,501.45...

Financial regulators watching BI outcomes 'closely'

04 December 2020

Australia’s financial regulation agencies say they are keeping a close eye on efforts to test the validity of business interruption insurance pandemic exclusions and have called on the industry to move as quickly as possible to resolve uncertainties...

La Nina claims 'manageable', analysts predict

04 December 2020

While La Nina this summer could lead to significant claims events, they should be “manageable” for general insurers, according to a note from advisory firm Bell Potter...

Court calls out AFCA over fairness breach

03 December 2020

The Australian Financial Complaints Authority has come in for rare criticism after it emerged that the dispute-handling body most likely did not act impartially and fairly in handling two cases that were lodged against DH Flinders, a specialist funds management advisory business...

AUB joins forces with accounting network group

03 December 2020

AUB Group has entered into a partnership with accounting and tax services network group Kelly+Partners to provide a wider range of advice and assistance for clients and members...

Insurer hit with 'formal directions' over non-compliance

03 December 2020

The Reserve Bank of New Zealand announced today it has issued “formal directions” to Pacific International Insurance after the insurer repeatedly failed to comply with its reporting and disclosure obligations...

Qantas flies into home insurance market

03 December 2020

Qantas Home Insurance, underwritten by Auto & General, was today added to the airline’s stable of cover options, which spans health, travel, life and car insurance...

Pro-active approach critical in hard market: FM Global

02 December 2020

Risk managers will need to ensure their businesses step up mitigation action to ease the impact of a hard insurance market, which still has some way to run due to a number of drivers, FM Global says...

Another BI case: Federal Court considers Vero dispute

01 December 2020

The Federal Court is considering a business interruption exclusion in a Vero policy that a Melbourne cafe and restaurant argues does not prevent cover for losses triggered by COVID-19 restrictions...

Jet skier who breached alcohol limit wins claim dispute

01 December 2020

A jet skier who was involved in a collision and had his insurance claim for watercraft damage denied because his blood alcohol content reading exceeded the legal limit has won his complaint against the insurer...

Confidence key to renewable energy cover: BHSI

01 December 2020

Renewable energy projects need to provide as much information as possible to give underwriters confidence given the pace of expansion and innovation in the sector, Berkshire Hathaway Specialty Insurance says...

Federal Court declares Youi breached insurance law

27 November 2020

The Federal Court has ruled Youi breached Insurance Contracts Act requirements on five occasions in its handling of a Broken Hill hailstorm claim that was the subject of a Hayne royal commission case study...

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