Daily
NSW eyes builders’ cover reform as Weir tapped to review scheme
13 August 2024
The NSW government plans to revamp its mandatory builders’ warranty insurance scheme, announcing today that industry regulation expert Bronwyn Weir is reviewing the program...
Call for federal pricing watchdog as low-earners struggle
13 August 2024
The federal government should create a permanent general insurance monitor to ensure competition and accountability as “hidden” granular risk pricing affects affordability for lower-income people in disaster-prone areas, the Financial Rights Legal Centre says...
Court rejects NRL star’s $1 million ‘crusher tackle’ paralysis claim
13 August 2024
A former rugby league player has lost his bid for a $1 million insurance payout after a court battle over the extent of his career-ending injury...
Property owner wins fire payout after dispute over monastery stays
13 August 2024
A homeowner whose fire damage claim was denied when his insurer alleged he had stayed at a monastery rather than his house will be covered for his losses following a dispute authority decision...
QBE signals end of remediation program as profit doubles
09 August 2024
QBE says net profit doubled to $US802 million ($1.22 billion) in the first half, and the company also flagged today that a multi-year push to refine the business and exit underperforming areas is reaching a conclusion...
Senators grill industry over premium rises
09 August 2024
Home insurance rate rises may have peaked, a Senate inquiry heard today, as the industry explained the challenges of pricing exposures in the face of increased extreme weather events...
Property owner wins flood payout after exclusion period row
09 August 2024
A homeowner who bought flood cover days before his house was inundated will be paid for his losses after his insurer failed to show the damage occurred within an uninsured period...
Mitsui Sumitomo appoints distribution chief, seeks agency partners
09 August 2024
Mitsui Sumitomo Insurance has appointed David Hall as head of distribution and says it is looking to engage more with underwriting agencies as “a key pillar of its growth strategy”...
Reinsurers steer clear of rising storm damage
08 August 2024
Reinsurers have avoided a surge in severe convective storm losses after reducing their exposure to frequent secondary perils, S&P Global Ratings says...
State imposes strict standards on e-mobility products
08 August 2024
E-bikes and other e-mobility devices powered by lithium-ion batteries must comply with new safety standards from February, the NSW government announced today, as insurers backed the move...
Policyholder wins battle over undisclosed drug conviction
08 August 2024
A car owner who failed to tell his insurer about a criminal conviction for drug possession will have his theft claim assessed after the dispute authority found his misrepresentation did not warrant a policy breach...
INsight podcast: deep dive into flood inquiry
08 August 2024
The federal government's flood inquiry is the main topic of conversation on the latest episode of the Insurance News podcast...
QBE names new Australia governance head, NZ CEO
07 August 2024
QBE has appointed New Zealand and Pacific CEO and MD Declan Moore as its new Australia Pacific chief governance and executive operations officer...
AI here to help staff, not replace them: tech chief
07 August 2024
Advanced technology will augment the insurance workplace and improve services without replacing industry workers, QBE Ventures expert Alex Taylor says...
Cladding probe findings out of date, surveyors say
07 August 2024
The Australian Institute of Building Surveyors has questioned a Cladding Safety Victoria report that blamed the profession and other construction practitioners for the state’s cladding crisis...
Traveller loses dispute after conflict thwarts Israel trip
07 August 2024
A traveller who cancelled a flight to Tel Aviv last October due to the Israel-Gaza conflict has failed to have his losses covered because of a war exclusion, despite arguing he was misled about the policy...
NIBA seeks ‘forward-thinking insights’ in member survey
06 August 2024
The National Insurance Brokers Association has launched its annual member survey, seeking feedback on insurer engagement, expectations and other matters that will shape the industry’s future...
Finity rolls out cloud-based underwriting platform
06 August 2024
Actuarial and analytics firm Finity has launched an end-to-end specialist underwriting technology platform following a pilot with a large insurer...
Crawford fills key divisional roles
06 August 2024
Loss adjuster Crawford & Company has made key appointments in its Australian construction, property and forensic accounting divisions...
Apartment owner scores partial win in storm damage dispute
06 August 2024
A policyholder has won an additional $8000 payout and more than 30 days’ accommodation after a lengthy claim dispute over water and mould damage to his apartment...