Daily
Flood risk rises as La Nina becomes 'active event'
29 September 2020
The Bureau of Meteorology has today declared Australia’s first active La Nina since the flood-causing event a decade ago triggered one of the wettest two-year periods for the country on record...
UK regulator files 'precautionary' BI test case appeal
29 September 2020
The Financial Conduct Authority says it has filed a “leapfrog” application to appeal to the Supreme Court on aspects of the business interruption test case judgment...
Insurers reject casino's allegations in BI lawsuit
25 September 2020
Chubb and other insurers have rejected the allegations made in a business interruption lawsuit filed by The Star Entertainment Group in August...
AUB seeks Altius buyers: report
25 September 2020
AUB Group is reportedly moving ahead with plans to sell its Altius rehabilitation and health business, after flagging at the recent results briefing that it would be exploring options regarding its majority holding...
Local D&O market 'hardest ever witnessed'
25 September 2020
The market for Directors' & Officers' insurance in Australia is experiencing the hardest conditions ever seen and is likely to become even more restrictive in coming years as insurers rein in capacity and coverage, a report released today says...
Surfer who put car keys in towbar safe loses claim dispute
25 September 2020
A surfer who left his car keys in a “Surf Lock” safe attached to his towbar, then entered a pin code and hit the waves, has lost a $12,000 claim dispute after the Volvo wagon was missing from the beach carpark on his return...
Back to office plans pose diversity challenges
24 September 2020
Companies returning workforces to offices as the coronavirus outbreak eases will need to ensure the plans and processes do not unfairly disadvantage some staff, EY Oceania People Partner Kate Hillman says...
icare changes reporting after SIRA pressure
24 September 2020
NSW state insurer icare has changed the way it reports return-to-work outcomes, moving away from a previous measure that the regulator has criticised for potentially driving “perverse behaviours”...
'Known event' exclusion no good for COVID-hit Bali trip
24 September 2020
An insurer has lost a claim dispute after relying on a policy exclusion that its customer would reasonably have been aware of COVID-19 when she purchased insurance in February for a winter break in Bali...
Australia’s biodiversity more fragile than peers: Swiss Re
24 September 2020
Australia has the second most fragile biodiversity among G20 economies, Swiss Re says, underscoring the risk of ecosystem collapse that major economies are exposed to...
Finity sets out pandemic cover options
23 September 2020
Consulting firm Finity has set out possible frameworks for covering pandemic risks that are beyond the scope of the private sector in a paper commissioned by the Insurance Council of Australia...
Insurance disputes top 15,000, travel dominates COVID complaints
23 September 2020
General insurers had the second highest number of complaints lodged against them in the last financial year, while travel insurance topped the list of COVID-19 disputes by financial product type, data released today shows...
FCA set to ban insurance 'loyalty penalties'
23 September 2020
Insurers would be banned from pricing practices that disadvantage renewal customers compared to first-time purchasers under changes proposed by the UK Financial Conduct Authority...
COVID 'has negative impact' on inclusive workplaces
23 September 2020
The coronavirus pandemic has caused the number of insurance industry professionals who see their workplace as inclusive to plummet, the Dive In Festival heard today...
Tough times ahead: Taylor Fry issues pandemic warning
22 September 2020
The COVID-19 pandemic will likely cause “adverse effects” in most insurance lines due to unprecedented disruption and uncertainty, Taylor Fry warned today...
Pandemic adds urgency to diversity and inclusion
22 September 2020
New research from Dive In, the global festival for diversity and inclusion in insurance that launched today, shows the vast majority of participants believe COVID-19 has shown a “greater need” for action...
AFCA approves IAG 75% premium hike
22 September 2020
A NSW homeowner who filed a complaint against IAG, alleging the insurer unfairly raised his property insurance premium by about 75% when the policy was up for renewal this year, has lost his dispute...
McLardy McShane flags upbeat outlook, names award winners
22 September 2020
Melbourne-based insurance group McLardy McShane has forecast another strong year ahead for the business, buoyed by its 2019/20 performance...
COVID recession 'will spark fraudulent claims'
18 September 2020
Insurance fraud will worsen in the coming months as the coronavirus recession bites deeper, industry watchers say...
Former AFL player has $1.4 million concussion claim paid
18 September 2020
Ex-AFL player Shaun Smith has been paid a $1.4 million total and permanent disability insurance claim by MLC Life...