Daily
Mansions insurer chokes on $22,000 coffee table claim
14 August 2020
AIG has been directed to make a total loss payout to a woman claiming $US15,500 ($21,709) for damage to a marble coffee table she bought more than a decade ago...
Hollard, HDI complaints revealed as BI test case basis
13 August 2020
The Insurance Council of Australia says it commenced business interruption test case proceedings in the NSW Supreme Court today...
QBE posts first-half loss, sees pricing strength
13 August 2020
QBE has forecast strong pricing globally will continue into next year and stressed any COVID-19 business interruption claim impacts will be limited by reinsurance, after reporting a first-half loss of $US712 million ($996 million)...
Brooklyn quits northern Australia strata market
13 August 2020
Axa XL-owned Brooklyn Underwriting has pulled the plug on its strata business in northern Australia, a move that industry watchers say is a sign of the catastrophe-prone region’s worsening insurance problem...
Seven insurance lawyers switch to Wotton + Kearney
13 August 2020
Seven insurance lawyers are leaving Sparke Helmore to join Wotton + Kearney’s Property, Construction and Energy department...
Steadfast acquires controlling stake in GSA
12 August 2020
Steadfast has acquired a controlling shareholding in GSA Insurance Brokers, giving the business “extra clout” and filling a “missing piece in the jigsaw” for the network...
Climate class action points to rising trend
12 August 2020
A class action filed against the Federal Government for failing to disclose climate change risks attached to sovereign bonds reflects trends that could see rising actions against companies, legal firm Allens warns...
AFCA rules against mother who rushed home for baby formula
12 August 2020
A traveller who changed her return flight so she could get specialist formula for her baby and subsequently made an unsuccessful insurance claim for travel losses, has lost her bid for compensation...
HDI hires Sydney duo to head risk and compliance, finance
12 August 2020
Specialty insurer HDI Global has bolstered its senior team with two new hires in Sydney...
Australia sparks record 31% rise in Pacific renewal prices
11 August 2020
Commercial rates in the Pacific region surged by a record 31% in the second quarter, fuelled in part by further deterioration in Australia’s directors’ and officers’ market...
Hollard joins capital injection into insurtech
11 August 2020
Hollard-backed insurtech Open has received $3.1 million in new funding from the insurer and local venture capital firm AirTree Ventures to support its recently launched broker-focused digital platform...
Cricketer Mitchell Starc settles with Lloyd’s
11 August 2020
Australian fast bowler Mitchell Starc and Lloyd’s have agreed to settle a disputed claim under a total disablement policy, averting an expected hearing in the Victorian County Court...
Traveller loses $130,000 dispute over illness
11 August 2020
A man who became sick with severe sepsis in Thailand, after his insurance expired two weeks earlier, has lost a dispute over a $130,000 claim for medical costs...
Potential for second BI test case flagged
07 August 2020
IAG has flagged the potential for a second industry business interruption test case to clarify that prevention of access extensions don’t apply in the case of pandemics...
Change of plans: AFCA finds for traveller who skipped Hong Kong
07 August 2020
The Australian Financial Complaints Authority has ruled Zurich must pay a claimant for losses incurred from changes he had made to his travel plans to avoid the civil unrest in Hong Kong last year...
IAG eyes lockdown impacts on new business
07 August 2020
IAG expects the Victorian lockdown is likely to trigger a repeat of trends seen earlier this year when coronavirus restrictions caused a reduction in new business while retention rates held up well...
Suncorp transfers super members off 'smoker' rates
07 August 2020
Suncorp Portfolio Services Limited has taken members with group life policies off smoker rates and is considering remediation of non-smokers...
Retailer loses COVID shutdown claim dispute
06 August 2020
The Australian Financial Complaints Authority has ruled against a confectionary seller in a dispute over cover for losses when two shops in tourist locations were forced to close due to the coronavirus outbreak...
Australian travel premiums 'still lagging in 2024'
06 August 2020
The value of travel insurance premiums written in Australia will not have recovered to levels seen last year by 2024 due to international travel restrictions, analytics firm GlobalData predicts...
Industry commissions survey on diversity, COVID impacts
06 August 2020
An online survey has been launched today to gauge the industry’s progress in advancing diversity and inclusion in the workplace, plus the impact of the pandemic on employee wellbeing...