Lloyd's CEO Neal in hospital after bike accident
29 March 2022
Lloyd’s CEO John Neal is in hospital after sustaining serious injuries in a bike accident on the weekend but is expected to make a full recovery...
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Allianz Deputy MD set to depart
29 March 2022
Allianz Australia says Deputy MD Helen Silver is finishing her tenure on Thursday after eight years with the insurer...
Home guarantee expansion sparks LMI concerns
29 March 2022
The Insurance Council of Australia says an expansion of the Federal Government’s home buyer support scheme has raised concerns over potential impacts on the lenders mortgage insurance market...
QBE announces high-level staff changes
25 March 2022
QBE has “reorganised its Australian operating model”, leading to new roles and the departure of Phil White, who has worked with the company since 2006...
Lloyd's earnings recover, Australia business outperforms
25 March 2022
Lloyd’s reported a profit before tax of £2.3 billion last year, an improvement from the £900 million loss incurred in 2020 as the business focused on underwriting profitability and leveraged favourable trading conditions to achieve premium growth...
SCA puts focus on insurance in election priorities
25 March 2022
Making insurance affordable and accessible and addressing building defect problems are key planks in a Strata Community Association federal election campaign document outlining priorities for the next government...
Homeowner wins $45,000 accommodation top-up after leak
25 March 2022
A NSW resident who is still waiting for repairs to be carried out after a flexi hose burst in her upstairs bathroom almost two years ago has won a large payout and compensation for delays in a claim dispute over her temporary accommodation benefit...
'Pass cyclone reinsurance bill': Senate inquiry
24 March 2022
A Senate committee inquiry into the cyclone reinsurance pool has recommended that Federal Parliament pass the legislation, despite shortcomings pointed out over its scope and doubts over the level of savings that will be achieved...
'Unprecedented' summer drives up claims, worry levels
24 March 2022
Home claims were up sharply this summer even before the flood catastrophe, and amid an unprecedented season of extreme weather Australians are increasingly worried about disaster trends, NRMA Insurance says...
Gone in 90 seconds: insurer wins dispute over theft of unlocked car
24 March 2022
An IAG customer whose car was brazenly stolen when his partner briefly left it unlocked while popping inside to collect their baby has lost a claim dispute...
WTW partners RIMS to help manage 'high impact' threats
24 March 2022
Global brokerage WTW has announced a partnership with US-based Risk and Insurance Management Society to advance the practice of risk management for organisations in the Asia Pacific, with the aim of helping them manage a growing array of “high impact” threats such as climate, geopolitics and cyber...
JobKeeper key issue in High Court BI appeal
23 March 2022
The High Court will be asked to overturn a ruling on whether JobKeeper support payments should be taken into account when calculating business interruption payments for pandemic disruptions, but a decision on whether the matter will be considered is months away...
NIBA launches flood claims assistance initiative
23 March 2022
The National Insurance Brokers Association has launched its claims support initiative to provide advice and assistance for victims of the Queensland and NSW flooding catastrophe, as the cost of the disaster continues to climb...
'Unseaworthy and uninsured': exclusions sink boat cover
23 March 2022
A boat owner who tried to sell his vessel only to discover it was unseaworthy has lost a dispute over a declined insurance claim...
WTW adds cyber security expert in Brisbane
23 March 2022
WTW has appointed Rob Wiggan as Cyber Security Consultant within its Australasia Financial Lines team...
High Court BI appeal applications filed
22 March 2022
The test case legal battle over business interruption insurance cover for covid-related disruptions is set to continue with appeal applications filed to the High Court...
ICA warns against retail definition change
22 March 2022
The Insurance Council of Australia has warned changes to the definition of retail client, floated as part of a financial laws review, could have an adverse impact on small business customers...
Driver with worn tyres who lost control in downpour wins dispute
22 March 2022
A Queensland-based driver of a 4WD car with tyres that were almost a decade old has won a claim dispute after he slid into a wall while swerving to avoid a cat in heavy rain...
NZ insurers face $66 million in Westport flood home, motor claims
22 March 2022
Insurers have fully settled or nearly completed 85% of home claims from last July’s floods in Westport, South Island, according to an update today from the Insurance Council of New Zealand...
Flood risk threatens future property value collapse
18 March 2022
Climate-change fuelled riverine flooding is expected to cause a relative loss of property value around Australia of $170 billion by 2050 as buyers adjust for very high insurance costs, a risk assessment company has warned...