Daily
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...
'It's not enough': driver hits out at coverage amount
30 September 2021
A motorist whose Nissan X-Trail was written off in a collision with a kangaroo has argued her insured amount is insufficient, saying her insurer should up the offer so she can purchase an equivalent vehicle...
Builder disqualified after insurance fail
29 September 2021
A Victorian builder has been disqualified for 18 months and penalised $40,000 for failing to have a permit, not having insurance, undertaking plumbing work without qualifications and other breaches...
Warragamba Dam project impact statement released
29 September 2021
The NSW Government has released the Environmental Impact Statement for its controversial proposal to raise the height of the Warragamba Dam wall in order to reduce flood risks in the Hawkesbury-Nepean Valley...
ICA opens registration for upcoming annual forum
29 September 2021
The Insurance Council of Australia has unveiled more details about its virtual Annual Industry Forum taking place next month...
INsight podcast: quakes, commissions and robot recruiters
29 September 2021
Victoria's record-breaking earthquake and its impact on insurers is the main talking point in the latest episode of the Insurance News podcast...
Coverpay introduces 'buy now, pay later' option
28 September 2021
“Buy now, pay later” company Coverpay will offer a general insurance product from next month aimed at consumers and SMEs after raising $2.5 million in launch funding to roll out its platform...
Cover Genius raises $100 million in latest funding round
28 September 2021
Australia-based insurtech Cover Genius has secured $100 million in new funding from financial backers to support its global expansion plan...
Premium funders finalise code of practice details
28 September 2021
Premium funders are completing a final round of consultations on an inaugural code of practice, with the Australian Finance Industry Association aiming to publish the finalised document before the end of the year...
Allianz Australia names CFO
28 September 2021
Allianz Australia announced today Wolfgang Deichl will take on the CFO position on November 15...
'Do not walk away': Treasurer sends net zero message to insurers
24 September 2021
Treasurer Josh Frydenberg is urging insurers to assist the progression toward net zero emissions by helping traditional industries such as agriculture and mining adapt to a “structural and systemic shift in our financial system, which will only gain pace over time”...
IAG entitled to cancel policy without informing broker's client
24 September 2021
IAG had the right to cancel a public liability and property insurance policy arranged by a broker when it did not receive the premium for the coverage period, the Australian Financial Complaints Authority has ruled...
CTP help under scrutiny as legal costs drop
24 September 2021
The NSW State Insurance Regulatory Authority is looking at options to improve legal support and assistance for people injured in motor accidents after a review found some claimants may need more help navigating the scheme following reforms...
AAMI issues BBQ warning for footy final
24 September 2021
Suncorp insurance brand AAMI has reminded footy fans to be careful if they fire up the BBQ this weekend, with 10% of BBQ-related claims lodged in September...
Quake claims hit 1700, but only 'handful' significant
23 September 2021
Insurers have received 1700 claims from multiple states a day after Victoria’s largest earthquake on record, but only a handful of significant structural claims have been lodged so far, the Insurance Council of Australia says, and insurers do not expect to incur major costs...
Industry needs national framework for claims response: Suncorp
23 September 2021
Suncorp Group CEO and MD Steve Johnston has urged state and federal governments to agree on a national approach for the industry to respond to natural disasters ahead of the looming peak hazard season...
Mental health ranks alongside cyber as business risk
23 September 2021
Australian businesses face an urgent financial imperative to address mental health and other people risks, with premiums in related lines rising and the pandemic increasing stresses, Mercer Marsh Benefits says...
ICA warns of disaster chasers as insurers battle hailstorm claims backlog
23 September 2021
The Insurance Council of Australia is warning Queensland residents to watch out for “disaster chasers” eleven months after last year's Halloween hailstorm...
Insurers receive claims after 5.9 magnitude earthquake strikes
22 September 2021
Insurers have already received a small number of claims after one of the largest earthquakes on record to hit eastern Australia struck today, causing damage to buildings but no reported serious injuries...
Intermediary premium tops $14 billion
22 September 2021
General insurance intermediaries placed about $14.1 billion in premium in the six months to June 30, up from almost $12.5 billion a year earlier, according to a bi-annual update from the Australian Prudential Regulation Authority...