21 April 2022
The Motor Trades Association of Australia says an announced Treasury examination of motor vehicle insurance and the smash repair sector is welcome as it pushes for a mandatory code of conduct backed by penalties for breaches...
21 April 2022
The owner of a diamond ring and two valuable watches who says a bank employee skipped a zero when entering sums insured, resulting in a theft payout of $29,000 rather than $290,000, has lost a claim dispute...
21 April 2022
The Australian Financial Complaints Authority says insurance tops the list of 25 disputes it has received so far from Cyclone Seroja and more than $500,000 have been awarded to date, a year after the storm struck the WA mid-west region...
20 April 2022
Insured losses from recent flooding in Queensland and NSW stand at $3.99 billion, Perils says, the largest flood loss on record for the Australian insurance industry, exceeding the Brisbane floods of 2011...
20 April 2022
The National Insurance Brokers Association has made some changes to the new code of practice following feedback as members prepare for the November start date...
20 April 2022
Requiring residential property owners to engage a certified quantity surveyor to prepare a building replacement report will help ensure they are adequately insured, the Australian Institute of Quantity Surveyors says...
20 April 2022
An insurer has lost a dispute over a claim for a damaged coal conveyor belt gearbox, despite evidence the equipment fell from a truck as it was driven through a roundabout because the load was not properly secured...
19 April 2022
A newly established Northern Rivers Reconstruction Corporation will lead the long-term rebuilding of NSW areas affected by recent flooding, while liaising with sectors including insurance, the State Government said today...
19 April 2022
Suncorp is calling on governments to introduce financial literacy as a standalone course across all secondary schools...
19 April 2022
Sure Insurance, which focuses on north Queensland, has reported a “significant increase” in policyholders taking action to protect homes in response to premium discounts, and says such incentives should be one part of broad action to drive mitigation...
19 April 2022
The owner of a car damaged by rain when she left the sunroof open has lost a claim dispute over a warped seat, electrical damage and a smell in the vehicle...
14 April 2022
The Insurance Council of Australia has welcomed incentives offered to tradies from states not impacted by recent flooding to assist in Queensland rebuilding work, as shortages of labour and supplies continue to hamper repairs...
14 April 2022
Suncorp brand AAMI has teamed with streaming service Spotify in a new Easter driver safety campaign pitched at young drivers, offering a Rest Towns playlist series that prompts drivers to stop every two hours during long road trips...
14 April 2022
A commercial strata insurance policyholder has lost a claim dispute over a damaged entry sign that it says dropped during a storm and cost more than $15,000 to replace...
14 April 2022
The flooding catastrophe and the expected impact on premiums is among topics discussed on the latest episode of the Insurance News podcast...
13 April 2022
AIG will cease offering professional indemnity (PI) insurance to financial planners in Australia some time in the third quarter, as industry observers warn the product line remains under pressure after years of high claims losses...
13 April 2022
Insurers have urged Australians planning to rent out their properties during this Easter holiday break to review their insurance policies, warning they may not be covered for damage or other financial loss caused by short-term tenants..
13 April 2022
An 84-year-old with severe arthritis and a heart condition who said she was forced to sleep on the floor during a claim for storm damage has won additional compensation in a second dispute hearing...
13 April 2022
Zurich says Daniel Longden will take up an expanded CFO role for the group’s Life and Investments and General Insurance businesses across Australia and New Zealand, effective from the start of next month...
12 April 2022
NSW state-owned insurer icare has appointed Zurich’s Stuart Farquharson as CFO following executive moves at the end of last year...