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...
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...
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...
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...
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industry has found widespread discrimination and exclusion, ranging from misgendering, to intrusive and “offensive, outdated” questioning, to denial of cover...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
03 June 2022
Broker-focused TravelCard says work is underway to resume its business in Australia, after operations were placed in “hibernation” in October 2020 in response to the pandemic ban on international travel...
03 June 2022
Suncorp and IAG have become more exposed to catastrophe risks as climate change and the extent of disasters experienced in Australia increase problems for insurers, a report by Morgan Stanley equity analysts says...
03 June 2022
Boat owners who discovered water rats had caused $70,000 in damage by chewing through upholstery, dash trim, batteries, grab rails, speaker grills, a sea-deck kit and rotary encoder buttons have lost a claim dispute over a vermin exclusion...
02 June 2022
Brooklyn Underwriting Head Tim Fairbrother has resigned after almost a decade with the business, with Scott Jerome to take over the role as Acting Head, the Axa-owned agency has announced...