26 August 2022
Queensland's RACQ Insurance says questions remain to be answered before it can join the government-backed cyclone pool, with clarity needed soon as it prepares to renew its own reinsurance arrangements...
26 August 2022
Johns Lyng Group has raised its equity interest in Bright & Duggan to become the largest shareholder in the Sydney-headquartered strata and facilities management business...
26 August 2022
A complainant who lodged a claim for a damaged excavator will be compensated after a dispute ruling determined the insurer took an unreasonable amount of time to complete the repairs...
25 August 2022
General insurers in Australia managed to achieve a 0.3% rise in combined net profit after tax to $924 million in the year to June 30, as rate hikes across most product classes blunted the impact of the NSW/Queensland flood claims and investment losses, prudential data released today shows...
25 August 2022
Insurer decisions to reduce coverage due to climate change risks could have “significant implications for society, the economy and the financial system”, Reserve Bank of Australia (RBA) Head of Domestic Markets Jonathan Kearns says...
25 August 2022
Melbourne academics who interviewed 30 policyholders undertaking legal advice over their claims outcomes say “arduous and confusing” insurer handling processes may not comply with the industry code of practice...
25 August 2022
A traveller who lodged a claim after she was not allowed to board her booked flight and mandated to complete a 14-day quarantine because of her covid vaccination status has lost an appeal to overturn her insurer’s decision to deny coverage...
24 August 2022
AUB Group earnings have jumped following a strong rise in profit from Australian broking and expansion of the agencies business, as the company looks toward the completion of its major UK Tysers acquisition...
24 August 2022
PSC Insurance Group achieved better-than-expected earnings in the last financial year, driven by strong organic growth and past acquisitions performing ahead of plan...
24 August 2022
The Australasian Fire and Emergency Services Authorities Council’s Seasonal Bushfire Outlook for spring has warned that parts of central Australia and northern WA are expected to experience a higher bushfire risk in the upcoming months...
24 August 2022
The Actuaries Institute report on home insurance affordability is the main discussion point in the latest episode of the Insurance News podcast...
23 August 2022
RACQ says increasing complexity has contributed to pricing promise issues and it has embarked on a simplification program to prevent a repeat of failings that will see the insurer refunding around $200 million...
23 August 2022
Collision repairer AMA Group says insurer partners have mostly recognised the need to improve pricing, amid shortages of labour and rising costs for vehicle parts and other products, while it has exited some contracts that have remained inadequate as it rejects “profitless work”...
23 August 2022
Broker Marsh has launched a facility specifically for insuring hydrogen projects, in response to growing global investment in clean energy sources...
23 August 2022
A driver who wrecked his car in a single vehicle accident has lost his appeal to overturn his insurer's decision to deny his claim...
19 August 2022
Suncorp says customers who suffered major damage in the NSW/Queensland flood catastrophe are starting to return to their repaired homes...
19 August 2022
Ardonagh Group half-year earnings increased as growth in the specialty and international divisions was underpinned by acquisitions and the performance of existing operations...
19 August 2022
A driver who collided with a vehicle in a club car park and then left the scene will have his claim paid after a dispute ruling found that his insurer was not entitled to deny it...
19 August 2022
IAG New Zealand says “specific, targeted and urgent” steps are needed to reduce flooding risks faced by exposed communities, as severe weather hitting the country this week triggers landslides and causes rivers to overflow...
18 August 2022
The Federal Government should consider cross subsidisation between regions around the country as part of measures to drive premium savings from the cyclone reinsurance pool to the levels needed to assist policyholders, the Australian Consumers Insurance Lobby says...