Daily
Lawcover names new leader as CEO stands down
06 August 2020
Kerrie Lalich has been promoted to the role of CEO at Lawcover Insurance, succeeding Michael Halliday who has decided to stand down after eight years at the helm...
Retired Supreme Court judge to lead icare review
05 August 2020
Retired Supreme Court judge Robert McDougall will lead a “root and branch” examination of NSW state insurer icare as a scheduled five-year review is brought forward and broadened...
Steadfast cancels next year’s convention
05 August 2020
Steadfast has cancelled its convention scheduled for next March due to ongoing concerns caused by the coronavirus pandemic, after already not going ahead with this year's event...
Driver who hid bottle of rum after crash loses claim dispute
05 August 2020
A man who crashed his car into several trees while driving in clear weather on a straight, flat, sealed and dry road in Queensland has lost a dispute with his motor insurer...
ASIC invites caryard insurance crackdown feedback
05 August 2020
The Australian Securities and Investments Commission is seeking feedback on a revised proposal of product intervention on add-on insurance sold with motor vehicles...
Industry seeks clarity over Melbourne lockdown rules
04 August 2020
The insurance industry is seeking clarity from the Victorian Government over its stage four business restrictions for metropolitan Melbourne that will kick in on Thursday for six weeks...
icare CEO John Nagle resigns after inquiry hearing
04 August 2020
John Nagle has departed as CEO of NSW state insurer icare after a Parliamentary committee grilling yesterday over his approach to conflicts of interest and the performance of the organisation...
Emergence launches personal cyber cover
04 August 2020
Cyber insurer Emergence has introduced a personal cyber product as the COVID-19 pandemic brings about a wave of heightened criminal activity that has increased risks for people working and studying from home...
IAG extends coronavirus support measures
04 August 2020
IAG has announced the extension of its COVID-19 customer support measures until the end of the year...
'Stop stirring up trouble': politicians urged to keep out of BI dispute
31 July 2020
Insurance industry sources have slammed inflammatory comments made by a senior Labor politician who accused insurers of leaving SMEs “in the lurch” by denying coronavirus-related business interruption claims...
Onus on insurers to prove claimants gave fraudulent details: AFCA
31 July 2020
Insurers must provide proof that claimants have made fraudulent misrepresentation or non-disclosure when a claim is denied on the basis that false information has been deliberately provided...
Industry targeted by malicious, criminal hackers
31 July 2020
The insurance industry has the fourth highest number of data breaches in the six months to June, emerging for the first time in the top-five list of sectors with the most cases reported to the Office of the Australian Information Commissioner...
Insurtech collaborations on the rise: report
31 July 2020
Insurers are stepping up insurtech collaborations but only half the sector believes enough is being done to drive digital innovation across the industry through partnerships, a report has found...
Historical blunder? ICA and AFCA agree to BI test case
30 July 2020
The Insurance Council of Australia has agreed to file a business interruption test case seeking a ruling on outdated policy wordings that have been described as potentially “one of the biggest drafting blunders in history”...
Andrew Mair to leave Suncorp as teams merge
30 July 2020
Suncorp has announced the merger of its Commercial and Intermediary Distribution teams as the implications of a new operating model revealed earlier this month work their way through the business...
Swiss Re names new Australia head, moves regional role to Sydney
30 July 2020
Swiss Re announced today that Sharon Ooi, who is presently Head of Property and Casualty Underwriting APAC based in Singapore, will start in September as the Sydney-based Head of its Australia and New Zealand operations...
ICA appoints Sue Houghton President in board changes
30 July 2020
The Insurance Council of Australia has appointed Westpac GM Insurance Sue Houghton as President after she took over the role on an interim basis at the start of the month...
'Staggering 600%': employers back reform to curb soaring D&O premiums
29 July 2020
Peak employer body Ai Group has today pushed for stronger class action laws to address the soaring cost of directors’ and officers’ insurance, which in some extreme cases has increased by 600% based on Marsh estimates...
Advisers sue AMP Financial Planning over terms
29 July 2020
A class action has been filed in the Federal Court against AMP Financial Planning after it terminated the business of hundreds of advisers and almost halved acquisition terms...
AFCA finds against Allianz in add-on cases
29 July 2020
The Australian Financial Complaints Authority has made determinations against Allianz following two complaints about add-on insurance sold through car dealerships, highlighting issues around the use of medical records and high-pressure sales tactics...