Daily
Loyalty pricing class action launched against IAG
29 May 2024
IAG says it will defend a Slater and Gordon class action launched in the Victorian Supreme Court that alleges customers were falsely promised loyalty discounts to encourage home and contents policy renewals...
Axa XL fills claims head role
29 May 2024
Axa XL says Julie Morgan has joined as head of claims in Australia, taking over from Julijana Sumner who was recently appointed chief claims officer for Asia-Pacific and Europe...
Code of practice in ‘unacceptable state’
29 May 2024
The General Insurance Code of Practice is not fulfilling its purpose and non-compliance is often met with limited consequences, a consumer group says in a submission to an independent review...
INsight podcast: time for action on affordability
29 May 2024
Industry and government consideration of "partnership arrangements" to solve affordability challenges, such as flood pools and direct subsidies, is the main topic of debate on the latest Insurance News podcast...
icare workers’ comp premiums rise to meet ‘economic realities’
28 May 2024
NSW workers’ compensation premiums will increase by the maximum allowed 8% average next financial year, icare confirmed today...
Tobacconist landlords told coverage at risk amid firebombings
28 May 2024
Police have warned shop landlords that illegal cigarettes and vapes found in tenants’ premises may invalidate insurance claims if there is an arson attack...
AMA shareholder moves to oust chair, directors
28 May 2024
Shareholders of loss-making smash repairer AMA Group are expected to vote on a bid to remove chair Caroline Waldron and non-executive directors Talbot Babineau and Kyle Loades...
Suncorp ordered to cover tools after van theft
28 May 2024
A company has won a $19,774 payout over work tools stolen from a van while in the care of an insurer-appointed repairer...
Capacity ‘boost’ defines Q1 conditions
24 May 2024
Commercial lines pricing in Australia and the broader Pacific region was flat in the first quarter amid “abundant” underwriting capacity, broker Aon says...
Court freezes claimant’s funds over fraud allegation
24 May 2024
A statutory benefits claimant has had her bank funds frozen amid allegations of a “brazen fraud” involving forged invoices for medical care she never received...
Brokers warn over fire levy hikes on commercial properties
24 May 2024
Proposed changes to New Zealand’s emergency services funding could lead to severe levy rises for commercial property owners, increasing non-insurance risks, brokers have warned...
Policyholder denied payout after son’s ‘reckless’ 105kmh smash
24 May 2024
A car owner who claimed for a vehicle written off in a crash by his son will not receive a payout after the complaints authority sided with his insurer’s application of a reckless driving exclusion...
Flood pool, subsidies back on agenda as affordability taskforce announced
23 May 2024
Government intervention measures such as a flood reinsurance pool or direct subsidies are being considered by Insurance Council of Australia members, as efforts to assist with affordability challenges are ramped up...
Traveller denied cover after Greek grapple
23 May 2024
A holidaymaker who was injured in a scuffle with a public official in Greece will not be covered for medical and other expenses after he was found to have inflamed the incident by swearing at the man...
Hollard chief joins ICA board as Enthoven exits
23 May 2024
Hollard CEO Paul Fahey has been appointed to the board of the Insurance Council of Australia, which will next month elect a replacement for outgoing president Nick Hawkins...
INsight podcast: federal budget fails to impress
23 May 2024
A disappointing federal budget is the main topic of discussion on the latest Insurance News podcast...
‘Important acquisition’: AUB to buy financial lines underwriting agency
22 May 2024
AUB will buy a 70% stake in Pacific Indemnity, an Australian underwriting agency specialising in financial lines products that had gross written premium of $177 million last financial year...
IAG launches cyber underwriting agency
22 May 2024
IAG’s new Cylo underwriting agency will offer cyber insurance for businesses with annual revenue up to $10 million via CGU-affiliated brokers...
CBL insolvency ‘breaks new legal ground’ with claims ruling
22 May 2024
The New Zealand High Court has ruled in favour of CBL Insurance’s liquidators in finding outstanding claims liabilities should be considered “due debts” and two payments of £397,000 ($754,407) and €25 million ($40.6 million) to Danish company Alpha should be set aside...
Hail claim falls short after golf balls batter roof
22 May 2024
A strata building policyholder that lodged a $49,000 hailstorm claim will be only partially covered after the insurance complaints authority found there was limited damage to the property’s roof – and much of it was probably caused by golf balls...