Daily
Future pandemic claims 'more straightforward': AGCS
07 October 2020
Insurance coverage during future pandemics or a resurgence of COVID-19 should be “much clearer”, a report from Allianz Global Corporate & Specialty says...
AFCA sides with AWP in 'housewarming' travel dispute
07 October 2020
A complainant who disputed a decision by Allianz Worldwide Partners to reject his claim for travel losses after a housewarming event in India was cancelled has lost his bid for compensation...
IAG to pay $138 million in class action settlement
06 October 2020
IAG will pay $138 million to settle a class action brought against Swann Insurance over add-on products sold through vehicle and motorcycle dealerships...
Motor warranty class action settled
06 October 2020
A motor warranty class action launched against listed fleet leasing company McMillan Shakespeare has been settled, more than a year after the Federal Court ruled the contracts with plaintiffs had been “intended to operate to permit denial of full coverage” of repair claims...
Time right for Budget resilience spending: Suncorp
06 October 2020
Suncorp says the COVID-19 outbreak and Federal Government moves to boost spending to drive an economic recovery support the case for tonight’s Budget to include increased natural disaster mitigation funding...
AFCA doubles payout for damage caused by undiscovered body
06 October 2020
The Australian Financial Complaints Authority has ruled Suncorp must pay another $15,000 for a home and contents claim lodged by complainants representing the estate of their late mother...
BI test case hearing: NSW court told policy meaning 'clear'
02 October 2020
Insurers have argued in a NSW Court of Appeal test case today that business interruption pandemic exclusions are clear despite their references to a now repealed piece of legislation...
PSC buys up brokerages in Perth and UK
02 October 2020
PSC Insurance Group has upped its majority holdings in Perth-based broking business AR (WA) and Turner Financial Services in the UK, investing more than $7 million to take outright control of the two entities...
Builder fined $10,000 for breaching insurance obligations
02 October 2020
The Victorian Building Authority has prosecuted a man for arranging building work without insurance...
Low premium volumes to hit NZ insurers as recession bites
02 October 2020
A COVID-19 induced recession would see a reduction in insurance premiums in New Zealand as customers in financial hardship reduce costs, hitting personal lines and commercial SME classes the hardest, actuary Taylor Fry says...
Allianz recruits Townsend to replace retiring Peiris
01 October 2020
Allianz has appointed Chris Townsend to the Board of Management in charge of Global Insurance Lines, taking over the role from Niran Peiris who is retiring on December 31 after more than 20 years with the insurer...
NIBA names Young Broker of the Year regional winners
01 October 2020
The National Insurance Brokers Association has announced the five regional Young Broker of the Year award winners at a virtual ceremony today...
Insurer forced to write off $88,500 car driven into flood
01 October 2020
Suncorp has been told to pay the full agreed value of a Ford Ranger Raptor that was damaged after being partially submerged in flood waters last year...
360 names new commercial executive director
01 October 2020
360 Underwriting Solutions has announced Paul Riordan has started today as Executive Director of the 360 Commercial business...
ASIC launches court action against Allianz
30 September 2020
The Australian Securities and Investments Commission (ASIC) has today started civil penalty proceedings in the Federal Court against Allianz Australia and AWP Australia for the alleged misleading sale of travel insurance, sold through three websites run by Expedia...
Club Marine names new CEO
30 September 2020
Melbourne-based recreational boat insurer Club Marine has appointed Karen Te Maipi as CEO, taking over from Simon McLean who has a new role as GM Automotive and Marine at parent company Allianz...
ICNZ sees no need for BI test case
30 September 2020
The Insurance Council of New Zealand says clear disease exclusions in business interruption policies suggest there is no need in that country for the type of legal test case that has been pursued in the UK, where the High Court this month ruled in favour of policyholders on some wordings...
CEO fails on first class flights insurance claim after robbery
30 September 2020
A Brisbane man who was robbed while visiting Las Vegas and sought almost $16,000 for the cost of subsequent business and first class flights has lost a claim dispute with his travel insurer, receiving just $1251 for the travel...
Claimant wins motor dispute despite breaching alcohol limit
29 September 2020
The Australian Financial Complaints Authority has ruled against Hollard in a dispute involving a NSW customer whose claim for vehicle damage was denied because he failed an alcohol breath test that was taken right after an accident...
NIBA names Broker of the Year regional winners
29 September 2020
The National Insurance Brokers Association (NIBA) has announced the five regional Broker of the Year award winners at a virtual ceremony today...