Steadfast's Kelly named in Queen's Birthday Honours
14 June 2022
Steadfast MD and CEO Robert Kelly has been named a Member of the Order of Australia in the Queen’s Birthday Honours list...
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Youi appoints 'innovative' marketing chief
14 June 2022
Youi announced today the appointment of Angela Greenwood as Chief Marketing Officer, replacing Joachim Holte who left the business earlier this year...
Underinsured landlord loses claim for additional payments
14 June 2022
A landlord who sought additional funds for a building fire claim after saying his insurer failed to inform him that he was underinsured has lost his claims dispute...
Perils raises eastern Australia floods estimate to $4.9 billion
10 June 2022
Catastrophe data company Perils has raised its estimate for this year’s eastern Australian flooding to $4.895 billion as the insurance industry deals with a high volume of claims and rising costs...
Ban all remaining conflicted remuneration: Choice submission
10 June 2022
Consumer advocacy group Choice wants a ban on all remaining conflicted remuneration in the advice industry, including commissions for general insurance, consumer credit insurance and life insurance...
FM Global resilience index ranks Australia as third best in region
10 June 2022
Australia is the third most resilient economy in the Asia Pacific region, after Singapore and New Zealand, according to an annual FM Global index measuring a business environment’s strengths and vulnerabilities...
Convenience store theft not covered by owner's business insurance
10 June 2022
A convenience store owner who was the victim of theft when an employee stole money and contents will only have part of their losses covered after losing a business pack claims dispute...
Disasters put heat on cost-inflating taxes: ICA
09 June 2022
The flooding catastrophe has underscored the importance of abolishing state taxes and levies that increase the cost of cover and contribute to affordability problems, Insurance Council of Australia President Nick Hawkins has told the industry’s annual dinner...
'Offensive and outdated': LGBTIQA+ Australians seek insurance reform
09 June 2022
An Australian survey of 500 LGBTIQA+ people commissioned by the insurance industry has found widespread discrimination and exclusion, ranging from misgendering, to intrusive and “offensive, outdated” questioning, to denial of cover...
'Highest period of demand': Johns Lyng ups earnings outlook
09 June 2022
Building services provider Johns Lyng Group has raised its key earnings targets for this financial year to June 30, as the NSW/Queensland floods and other catastrophes in the last 12 months contributed to unprecedented demand for its services...
Insurer required to partially cover earthquake claim
09 June 2022
A homeowner who says last year's Victorian earthquake caused damage to her home will be partially covered by her building insurance after a dispute ruling...
RACQ self-reports discounts breach to ASIC
08 June 2022
RACQ has self-reported a regulatory breach to the Australian Securities and Investments Commission after an issue was discovered during a review...
Insurers to up pay in 'once in a career' skill crisis
08 June 2022
Nine out of 10 insurance employers will increase salaries at upcoming reviews as an unprecedented skills shortage creates a “once-in-a-career" market, recruiter Hays says...
Disclosure in focus as court orders AFCA to review decision
08 June 2022
The Federal Court has sent a fraudulent misrepresentation decision back to the Australian Financial Complaints Authority to be redetermined in a point-of-law ruling that has implications for disclosure disputes and utmost good faith...
INsight podcast: flood losses and claims criticism
08 June 2022
Spiralling flood catastrophe losses that have now reached $4.3 billion are the main focus of this week's episode of the Insurance News podcast...
ICA makes case for conflicted remuneration exemption
07 June 2022
The Insurance Council of Australia has cautioned against removing the conflicted remuneration exemption for general insurance products, at least until the impact of recent reforms such as design and distribution obligations to improve consumer protections are known...
Covid blinkers leave Australian firms exposed to other risks
07 June 2022
A narrow focus on covid has created an attention blindspot at Australian organisations and a failure to invest properly in resilience against risks such as climate change, cybersecurity and supply chains, a survey by platform Dataminr has found...
Climate indicators shore up wet weather outlook
07 June 2022
The Bureau of Meteorology says all climate model outlooks it surveys suggest an Indian Ocean driver associated with increased winter and spring rainfall for much of Australia is likely to form in the coming months...
Website redesign not covered after cyber attack
07 June 2022
A business owner who tried to claim additional costs under a cyber policy to improve his website after it was hacked has failed to win the full amount sought...
icare reviewing processes after privacy breach
03 June 2022
NSW state-insurer icare has notified regulators of a privacy breach after employer cost of claims reports were sent to the wrong employer or broker in a mistake attributed to human error related to manual processing...