Daily
Allianz Partners to axe 45 jobs in travel business
16 June 2020
Allianz Partners Australia will cut about 45 jobs from its travel division as part of a “strategic roadmap” that was started in February to sharpen the competitive base of the business...
Hostsure is no more after Miramar merger
12 June 2020
Leisure insurance specialist Hostsure Underwriting Agency has been absorbed by fellow Steadfast agency Miramar, reducing coverage options for some clients...
Cold shower: claimants caught out by leak exclusions
12 June 2020
Water leaks in bathroom areas such as shower recesses have triggered dozens of disputes lodged with the Australian Financial Complaints Authority, despite exclusions for such claims in most home and contents policies...
UK regulator sets out case for BI virus cover
12 June 2020
The coronavirus outbreak has become so widespread in the UK that business interruption policies with distance restrictions would be triggered, the Financial Conduct Authority is arguing in a High Court test case...
Repeat of horror bushfire season 'unlikely' this year
12 June 2020
A period of lower bushfire risk is likely to persist for three to five years, providing a short window of opportunity to start managing fires more sustainably and prevent last summer’s devastation being repeated a decade from now...
Adani mine: insurers play down project links
11 June 2020
Reports based on leaked documents have named three insurers as being involved with the Adani coal mine – but the companies today sought to distance themselves from the controversial Carmichael project in Queensland...
Coal sector struggles for cover in tough market
11 June 2020
Businesses associated with the coal mining industry are facing soaring premiums and difficulty gaining cover due to political and environmental pressures that have reduced capacity amid a hardening market, brokers say...
Broker networks predict BI payouts
11 June 2020
Steadfast and AUB Group believe some business interruption policies will respond to coronavirus-related shutdowns, despite insurers’ intentions to rely on pandemic exclusions...
AFCA backs broker in burglary dispute
11 June 2020
The Australian Financial Complaints Authority has found in favour of Melbourne Insurance Brokers in a dispute triggered by the theft of $75,000 in stock from a business premises...
ACCC allows COVID assistance to year-end
10 June 2020
The Australian Competition and Consumer Commission will allow insurers to continue co-ordinating on COVID-19 SME assistance measures until the end of the year...
Hollard stalwart Heilig leaves for insurtech investor
10 June 2020
Insurtech investor Envest has hired Hollard Commercial Insurance CEO Richard Heilig to take up the newly created position of Chief Commercial Officer...
Gallagher buys Brisbane brokerage
10 June 2020
Gallagher has acquired Queensland’s CA Insurance Brokers as it broadens its business insurance offering in Australia...
CBA sued over 'junk' insurance products
10 June 2020
Law firm Slater and Gordon has filed a class action against Commonwealth Bank, accusing the country’s biggest lender of selling “junk” consumer credit insurance products...
AFCA investigates BI test case
09 June 2020
The Australian Financial Complaints Authority has confirmed it is considering a business interruption test case proceeding, to provide an “authoritative decision” on how policies should respond to COVID-19 shutdowns...
QBE targeted for UK dentists class action
09 June 2020
Law firm Mishcon de Reya has lined up funding for a UK dentists business interruption class action against QBE, after also flagging plans to pursue the insurer on behalf of the hospitality industry...
Hollard extends COVID-19 assistance
09 June 2020
Hollard has added to a package of financial assistance measures and extended the timeframe by three months as clients continue to face changing circumstances and stresses due to the coronavirus outbreak...
NRMA Insurance defends $10 offer after decreased cover warnings
09 June 2020
NRMA Insurance has defended its launch of a $10-a-month Third-Party Fire and Theft Car Insurance offer, dismissing concerns over the dangers of decreased cover...
AFCA stands by Uber ruling at odds with guidance
05 June 2020
The Australian Financial Complaints Authority has published an agreed “approach” to insurance disputes over ridesharing disclosure – but says it won’t review a recent case that appears to contradict the new guidelines...
Tracy Green to head insurance at RACQ
05 June 2020
Tracy Green has been appointed to the new role of Group Executive Insurance at RACQ, reporting to CEO David Carter...
ANZ prosecuted for 'worthless' credit card insurance
05 June 2020
New Zealand’s regulator is taking ANZ to court for selling insurance policies which provided no benefit...