Daily
Post-policy cancer diagnosis still covered, AFCA rules
02 September 2020
A woman who was diagnosed with a rare malignant brain tumour six months after she cancelled her insurance has been awarded a $500,000 payout in a claim dispute ruling...
Rehab firm warns on mental health claims
02 September 2020
Workplace rehabilitation firm Rehab Management says an increase in mental health-related insurance claims driven by the coronavirus pandemic is likely to continue due to on-going impacts from the outbreak...
Regan exit 'could harm QBE': S&P
01 September 2020
The sudden departure of QBE Group CEO Pat Regan “could harm strategic continuity” and introduce doubts about the global insurer’s culture, S&P Global Ratings said today...
EML in talks with icare for contract extension
01 September 2020
Personal injury claims management firm EML is in discussions with NSW state insurer icare over an extension of the workers’ compensation contract that was controversially awarded three years ago...
Smoking costs claimant in $145,855 fire dispute
01 September 2020
IAG has won a dispute lodged by a commercial client whose claim for fire damage was denied on the basis the business failed to meet a number of conditions for cover, including ensuring there was no smoking on the premises...
COVID response leader named Actuary of the Year
01 September 2020
Jennifer Lang has been named Actuary of the Year after taking a lead role in the profession’s response in assisting understanding of COVID-19 pandemic impacts...
Costs, cover denials highlighted in SME inquiry responses
28 August 2020
The Australian Small Business and Family Enterprise Ombudsman says responses to its insurance inquiry have highlighted concern over rising costs, cover denials and substantial changes to policies...
BI test case directions hearing delayed
28 August 2020
The COVID-19 business interruption test case has been delayed after a directions hearing listed at the NSW Supreme Court today did not go ahead...
Tributes paid to popular insurance professional who died while surfing
28 August 2020
Claims management company Gallagher Bassett has paid tribute to GM Consulting and Claims Excellence Simon Wilson, who died suddenly earlier this month while surfing alone at a Gold Coast beach...
Insurer wins dispute after denying cleaner thefts claim
28 August 2020
A man whose cleaner confessed to stealing cash, jewellery and other items worth as much as $20,000 over many months has lost a claim dispute with Suncorp...
Coronavirus throws motor into reverse
27 August 2020
Australia’s motor insurance market is forecast to contract 4.4% this year due to the coronavirus outbreak, reversing 3.6% growth in the previous 12 months, UK-based analytics group GlobalData says...
Shrinking premium pool among key post-COVID industry risks
27 August 2020
Insurers need to have a post-COVID game plan as they look to rebuild their businesses after months of disruption from the pandemic, according to insurance managed services provider Xceedance...
Aviso unveils major broker merger
27 August 2020
Aviso Group says two of its largest brokers, Insurance Aid General Brokers and Eagle Insurance Brokers, are merging to form a new entity called Aviso EIA Insurance Brokers...
Worst disasters, best response: insurers rise to Black Summer
27 August 2020
Insurers have already paid $3.85 billion to Australians affected by last summer’s bushfires, floods and hailstorms, according to data released today...
Steadfast powers through COVID, Kelly extends tenure
26 August 2020
Steadfast is projecting the business will perform even better this financial year as it reported pre-tax earnings at the higher end of its pre-virus guidance for the 12 months to June 30...
NIBA names young broker award finalists
26 August 2020
The National Insurance Brokers Association has named the regional finalists for this year’s Young Professional Broker of the Year award...
Suncorp rolls out app-based motor cover in three cities
26 August 2020
Suncorp is piloting its new comprehensive car insurance brand Bingle Go in three cities, offering month-to-month, cancel any time policies straight from a smartphone app as well as rewards for less frequent car use...
Holidaymakers lose COVID cancellation claims
26 August 2020
The Australian Financial Complaints Authority has made clear in two recent rulings that COVID-19 will not hold up as a valid reason to claim for travel cancellation losses if they don’t meet insurers' contract provisions...
AUB earnings buoyed by premiums, acquisitions
25 August 2020
AUB Group has reported its strongest underlying earnings growth for seven years boosted by rising commercial premiums and acquisitions...
NSW bushfire inquiry suggests subsidies to lower premiums
25 August 2020
The NSW Government says it will accept the 76 recommendations of the independent NSW Bushfire Inquiry report, none of which address the issue of underinsurance or the ever-increasing Emergency Services Levy...