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...
18 August 2022
Major rainfall currently soaking much of New Zealand’s South Island and the top of the North Island, forcing hundreds of residents to evacuate, will be a significant claims event, the Insurance Council of New Zealand says..
18 August 2022
Businesses have been advised to ensure they have appropriate cyber protection measures as regulators look to adopt a more aggressive approach to enforcement...
18 August 2022
Financial lines underwriters are likely to remain cautious in areas such as directors’ and officers’ and construction, while cyber breaches are on the rise and the threats are evolving, Australasian Professional Indemnity Group National President Mitchell Spurr says...
17 August 2022
Steadfast Group says its $301 million acquisition of Insurance Brands Australia will strengthen its broking network as the business aims to build on its strong earnings results...
17 August 2022
An independent inquiry requested by the NSW Government into this year’s catastrophic floods has recommended land-use planning reforms and the creation of a new authority to drive mitigation and risk reduction...
17 August 2022
A million Australian households spend more than a month’s gross income on home insurance and the Actuaries Institute says state stamp duty and levies should be scrapped in favour of “more equitable and efficient” sources of revenue...
17 August 2022
Trends in reinsurance and some familiar influences on company financial results are discussed in the latest Insurance News podcast...
16 August 2022
The Bureau of Meteorology has today issued a La Nina alert, meaning there’s now a 70% chance that the flood-inducing climate driver will develop this year...
16 August 2022
Insurers and brokers who offer retail cover as part of bundled commercial insurance contracts have been granted temporary regulatory relief exempting them from certain retail client obligations as set out in the Corporations Act, the corporate regulator announced today...
16 August 2022
The board of directors at New Zealand’s AA Insurance will recruit a new CEO ahead of the retirement of Chris Curtin in December after 28 years in the top role...
16 August 2022
A complainant who sought to have his pet insurance premium reduced after his insurer raised prices by more than 40% has lost his dispute...
12 August 2022
IAG CEO Nick Hawkins says the business has a “good handle” on countering the inflation challenge as the insurer today provided more details of its results for the 2021/22 financial year, after releasing preliminary figures last month...