Daily
Texting, speeding drivers engage in risky behaviours
08 October 2021
More than half of Australian drivers believe they don’t have bad habits behind the wheel but 7% are still sending text messages, 23% exceed the speed limit and 17% proceed through amber lights, a report commissioned by dash cam manufacturer Nextbase says...
Federal Court to deliver BI test case decision tomorrow
07 October 2021
A Federal Court judgment on the Insurance Council of Australia second business interruption test case on COVID-19 claims will be delivered tomorrow afternoon in an expedited decision...
Insurance complaints top 16,000: AFCA
07 October 2021
The Australian Financial Complaints Authority received 16,912 general insurance disputes in the last financial year, with comprehensive motor dominating the proportion of cases lodged...
Suncorp appoints new Chief Risk Officer
07 October 2021
Queenslander Bridget Messer is "coming home" from the UK having been appointed Chief Risk Officer at Suncorp, effective early next year...
Reinsurance giants rule out coal mutual involvement: climate activists
07 October 2021
Swiss Re and Munich Re have confirmed they will not have anything to do with a proposed mutual for the coal mining industry, according to climate groups who have been waging an intensive global campaign urging the industry against providing crucial insurance to the Adani mine in Queensland...
Driving disclosure: consumer group pushes for pre-filled details
06 October 2021
Automated driving record and claims history disclosure should be introduced to prevent the denial of claims for people unaware they haven’t provided key information to insurers, the Financial Rights Legal Centre says...
Quake losses hit $147 million from almost 10,000 claims
06 October 2021
The Victorian earthquake has caused preliminary estimated losses of $147 million, the Insurance Council of Australia says following an influx of claims...
Natural disasters to cost Australia $1.2 trillion over four decades
06 October 2021
The cost of natural disasters to the Australian economy will almost double by 2060 even under a low emissions scenario, and $1.2 trillion in cumulative costs is likely over the next 40 years, Deloitte Access Economics estimates...
INsight podcast: regulation, regulation, regulation
06 October 2021
The "once in a generation" set of regulatory reforms the industry faces this week is the main focus of the latest Insurance News podcast, as our panel goes through the key changes one-by-one...
Hurricane Ida insured losses may reach $40 billion
05 October 2021
Insurance losses from Hurricane Ida are estimated at $US28-30 billion ($38-41 billion) on an industry level, Swiss Re said today...
Innovation needed for sharing, mobility sectors: Marsh
05 October 2021
Sharing economy and mobility sector growth due to the COVID-19 pandemic is driving the need for new forms of cover and requiring insurers to respond, global broker Marsh says...
AFCA rules against QBE customer in dispute over water damage
05 October 2021
A QBE business pack customer who disputed the insurer’s decision to reject his claim for water damage, insisting the initial inundation at the insured premises was caused by storm water and not flood, has lost his complaint...
HDI Global expands professional lines team
05 October 2021
HDI Global Specialty has appointed two senior underwriters to expand its Australian professional lines team...
Nib pauses travel sales in Australia, New Zealand
01 October 2021
Nib Holdings will temporarily stop selling travel insurance to Australian and New Zealand residents from Tuesday, with current underwriting arrangements coming to an end...
WA brokerage names new CEO
01 October 2021
Perth-based broker Cowden has appointed Alan Tokeley as CEO with effect from October 11...
Tornadoes mark wild start to storm season
01 October 2021
Tornadoes, heavy rainfall and hail have hit eastern and southern Australia in an active start to the storm season, with further severe thunderstorm warnings issued today for parts of NSW and Queensland...
Allianz icare agreement extended
01 October 2021
NSW state-owned insurer icare has extended an authorised provider agreement with Allianz to the end of next year...
Insurers ready for 'once in a generation' reforms: ICA
30 September 2021
Insurers are set up for a raft of new regulations that will start tomorrow, having made “sweeping” changes to their systems and processes in readiness for the Hayne-backed reforms, the Insurance Council of Australia says...
Draft laws released on class action funding
30 September 2021
The Federal Government has released draft legislation that would limit the proceeds class action litigation funders receive as it pushes ahead with increased regulation of an industry that has expanded rapidly in Australia...
Climate change, cyber ranked top future risks
30 September 2021
Climate change and cybersecurity have ranked as the top future risks in an annual Axa global survey, with pandemics slipping back to third place...