10 May 2022
Lockton has been selected as the insurance adviser and broker for the Marinus Link Project, which involves construction of an undersea electricity and telecommunications connection between Tasmania and Victoria...
10 May 2022
Steadfast-backed Network Insurance Group has acquired Nadic Insurance Brokers, which has a long history in NSW’s Hunter region as well as offices in Sydney and the Gold Coast...
10 May 2022
A Western Australian living and working in the US who says her travel insurer gave an “ultimatum” to return home for breast cancer treatment, delaying vital surgery by five weeks, has lost a claim dispute while being awarded compensation for stress caused by errors in communication...
06 May 2022
An “overarching plan” is required to rebuild after Australia’s worst floods catastrophe, the Insurance Council of Australia has warned NSW Premier Dominic Perrottet...
06 May 2022
Supporting a sustainable cyber insurance market is a shared responsibility between insurers and policyholders, and organisations seeking coverage must demonstrate a dedication to mitigating the impact of third-party risk to maintain broad coverage, Marsh says...
06 May 2022
A man who said an unknown third party gained access to his worksite and maliciously damaged two excavators by putting sugar into the engines, causing them to fail, has lost a claim dispute...
06 May 2022
The Insurance Council of Australia will host a “virtual townhall” event next week to help east coast flood victims understand the claims process...
05 May 2022
QBE says the business has made a “strong start” to the new financial year, as first quarter gross written premium rose 19% in the three months to March from a year earlier...
05 May 2022
The Federal Court has today ruled that RI Advice breached the Corporations Act with inadequate cyber security measures, the first Australian Financial Services licensee to be so prosecuted...
05 May 2022
Land use planning is failing to protect properties from riverine and flash flooding after high intensity rainfall, as risks are underestimated despite the events representing one of the nation’s costliest extreme weather impacts, a research report released today by the Insurance Council of Australia says...
05 May 2022
Adani Australia has stepped up its push for a government-backed mutual scheme to address the insurance crisis facing the coal sector, raising the pressure on politicians as the country prepares to go to the polls in slightly more than two weeks’ time...
04 May 2022
Gallagher has sealed the acquisition of Melbourne-based Woodridge Insurance Services in a deal that closed this week...
04 May 2022
Disputes from the NSW/Queensland floods have risen to 135, with insurance-related claims matters accounting for the majority of cases, an update today from the Australian Financial Complaints Authority shows...
04 May 2022
A dog owner has been awarded cover for six of seven of the pet’s medical problems during a claim dispute hearing, with the industry adjudicator ruling conditions that arise and are treated during a policy waiting period are not always pre-existing...
04 May 2022
The global economic environment and what it means for insurers is the focus for the panel on the latest Insurance News podcast...
03 May 2022
Updated Insurance Council of Australia data on the storms and floods that impacted southeast Queensland and coastal NSW in February and March shows the event set a record to be Australia’s costliest flood ever...
03 May 2022
Australia faces the dire prospect of becoming an “uninsurable nation”, with more than half a million homes, or one in 25 properties, forced to go without insurance cover in eight years’ time because of climate change, a new report warns ahead of the May 21 federal election...
03 May 2022
Lismore City Council has proposed “a planned retreat” from high-risk residential areas, government-backed reinsurance protection for the central business district and consideration of a new commercial precinct as it seeks to avoid a repeating cycle of flooding devastation...
03 May 2022
Tools and measures relied upon to make investment decisions on climate change adaptation spending are not adequate in the current environment and new approaches are urgently needed, the Actuaries Institute summit heard today...
29 April 2022
Marsh says the “worst is over” for directors’ and officers’ following the release of its latest quarterly rate tracker, and that the NSW/Queensland floods have curtailed any pricing relief that had been predicted for the property class at the start of the year...