Daily
Researchers create first national snapshot of disaster resilience
29 July 2020
A new measure of disaster resilience illustrates how capacity to withstand natural disasters differs between Australian communities, helping insurers and other stakeholders tackle bushfires, floods, storms and earthquakes...
Small business ombudsman calls insurance inquiry
28 July 2020
The Australian Small Business and Family Enterprise Ombudsman has called an inquiry into insurance practices affecting SMEs after receiving complaints about soaring premiums, difficulty obtaining cover and poor behaviour...
icare rejects 'misleading, inaccurate' criticism
28 July 2020
NSW state insurer icare has rejected "misleading and inaccurate" claims about the performance of its workers’ compensation scheme and says it has worked tirelessly since it started five years ago to transform a broken system...
Industry holds ground at class actions inquiry
28 July 2020
The insurance industry has defended its push for more oversight of litigation funders after key players appeared before a parliamentary inquiry into the class action system...
IAG welcomes 'critical' bushfire research funding
28 July 2020
IAG MD and CEO Peter Harmer says more than $88 million in Government funding for “critical research” into bushfires and natural hazards will help the nation take necessary action to make communities safer...
IAG braces for sharp earnings fall as perils hit margins
24 July 2020
IAG has flagged insurance margins for the 2019/20 financial year will fall short of its 12.5-14.5% guidance, as earnings take a huge hit from adverse natural perils, prior period reserving and credit spread factors...
Councils return to mutual insurer as market hardens
24 July 2020
The Municipal Association of Victoria says all local governments in the state are participating in its mutual insurance scheme this financial year, with some returning after finding it tough to acquire cover in the wider market...
Mansfield Awards winners hail teams' 'tireless work'
24 July 2020
Companies recognised by the Mansfield Awards for claims excellence have paid tribute to their staff who delivered during a challenging period dominated by natural catastrophes and the COVID-19 pandemic...
Bushfire research centre wins $88 million funding
24 July 2020
The Bushfire and Natural Hazards Co-operative Research Centre has secured its future with a decade of public funding which the government says will herald a new era of natural hazards research and deliver real outcomes...
UK regulator fires opening salvo against insurers in BI test case
23 July 2020
The Financial Conduct Authority has fired its opening salvo in its business interruption test case against QBE and seven other insurers in the UK High Court...
QBE hones bushfire response using flood mapping tool
23 July 2020
Customer mapping technology developed in-house by QBE after last year's floods in North Queensland was applied to the insurer’s bushfire strategy this year, helping deliver its most efficient natural disaster response yet...
LMI Group aims to grow training business
23 July 2020
Melbourne-based claims management specialist LMI Group is aiming to grow its insurance education business, following its acquisition of Financial Services School this month...
ICA makes 'significant inroads' on climate change
23 July 2020
The Insurance Council of Australia says its stepped-up efforts to manage the impact of climate change on the industry and the nation’s communities has had an encouraging start...
Insurers ‘heading for half billion BI hit’
22 July 2020
Australia’s general insurers could take a $535 million hit on coronavirus-related business interruption claims – and that's assuming all court challenges go the industry’s way...
QBE to report first-half loss as COVID bites
22 July 2020
QBE expects a first half loss of $US750 million ($1.1 billion) including COVID-19 pandemic and natural disaster impacts and has warned on continuing virus-related claims...
Steadfast expects to meet pre-virus earnings guidance
22 July 2020
Steadfast Group says trading conditions remained strong in June, placing the business in pole position to meet the 2019/20 earnings target it was forced to discard because of uncertainties created by the pandemic...
Mansfield Awards presentation set for live webcast
22 July 2020
The unveiling of the 2020 winners of the prestigious Mansfield Awards for claims excellence takes place tomorrow – and you can watch it live...
Opt-in offices: insurers take tentative steps on workplace return
21 July 2020
QBE is allowing staff outside Victoria to “opt-in” to an office return so long as COVID-19 case levels remain low, while Hollard is running a similar “test phase” using volunteers.
AFCA rules worn car tyres fall under policy exclusion
21 July 2020
A complainant whose motor claim was denied by Suncorp because the rear tyres on his car were in poor condition, triggering an exclusion in his policy for vehicles that are not roadworthy, has lost his bid for compensation...
Genworth parent pledges stock to settle Axa court dispute
21 July 2020
US-based Genworth Financial has pledged a portion of its majority shareholding in Genworth Mortgage Insurance Australia to Axa, as part of an agreement to settle a court dispute...