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ASIC launches court action against Allianz

30 September 2020

The Australian Securities and Investments Commission (ASIC) has today started civil penalty proceedings in the Federal Court against Allianz Australia and AWP Australia for the alleged misleading sale of travel insurance, sold through three websites run by Expedia...

Club Marine names new CEO

30 September 2020

Melbourne-based recreational boat insurer Club Marine has appointed Karen Te Maipi as CEO, taking over from Simon McLean who has a new role as GM Automotive and Marine at parent company Allianz...

ICNZ sees no need for BI test case

30 September 2020

The Insurance Council of New Zealand says clear disease exclusions in business interruption policies suggest there is no need in that country for the type of legal test case that has been pursued in the UK, where the High Court this month ruled in favour of policyholders on some wordings...

CEO fails on first class flights insurance claim after robbery

30 September 2020

A Brisbane man who was robbed while visiting Las Vegas and sought almost $16,000 for the cost of subsequent business and first class flights has lost a claim dispute with his travel insurer, receiving just $1251 for the travel...

Claimant wins motor dispute despite breaching alcohol limit

29 September 2020

The Australian Financial Complaints Authority has ruled against Hollard in a dispute involving a NSW customer whose claim for vehicle damage was denied because he failed an alcohol breath test that was taken right after an accident...

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...

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...

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...

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