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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...

ASIC sets out new claims handling regime as reforms gather pace

27 November 2020

The Australian Securities and Investments Commission has today provided draft details of how insurance claims handling will be regulated as a financial service when legislation for the Hayne royal commission proposal is passed in Parliament...

Web of deceit: claimant blamed spider for crash

27 November 2020

A complainant who spun a tale about how a spider caused him to lose control of his car, sending the vehicle crashing into a guard rail, has failed in his bid to have his motor insurance claim accepted...

Test case result leaves many questions: AM Best

26 November 2020

The NSW Court of Appeal test case decision on business interruption policy wordings represents “one piece of a much larger puzzle” and has left insurers facing continued uncertainty and possible reputational impacts, AM Best says...

icare extends EML contract, plans tender

26 November 2020

NSW state insurer icare has extended EML’s workers’ compensation claims services provider contract for 12 months ahead of a tender planned for the middle of next year that could increase the number of agents...

Insurers urge better building code enforcement

26 November 2020

Insurers are calling on the government to make its building code compliance and enforcement system “fit for purpose”, including the establishment of a central body...

It's good to talk: Insurance News launches podcast

25 November 2020

Face-to-face contact has been limited during this year’s coronavirus-inspired lockdowns and restrictions, inspiring insurance industry professionals to seek out other ways to interact...

Bali beer drinker wins claim dispute after near-fatal collapse

25 November 2020

An Australian man who nearly died after drinking alcohol and taking prescription medication over 13 hours while getting a tattoo during a holiday in Bali has won a claim dispute for medical costs after hotel staff found him collapsed on the floor and he was evacuated back home...

APRA steps up action on accounting change

25 November 2020

The Australian Prudential Regulation Authority is moving to align its insurance capital and reporting frameworks with a new accounting standard to avert an extra burden when it takes effect, and is pushing firms to refocus on their preparations following COVID-19 disruptions...

Roadmap targets net-zero emissions by 2050

24 November 2020

The Australian Sustainable Finance Initiative, including insurers, banks and super funds, has released a Roadmap that includes support for a net-zero emissions target, as experiences this year highlight the need to better prepare for future risks and shocks...

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