Daily
Motorcyclist sent too-late non-renewal notice wins dispute
21 July 2021
A woman issued a non-renewal notice by RACQ only six days before her motorcycle policy expired has won a dispute after she tried to claim for an accident but was told she had no cover...
INsight podcast: APRA talks tough on BI 'deficiencies'
21 July 2021
The review of insurers' risk management frameworks demanded by the Australian Prudential Regulation Authority is the main talking point on this week's Insurance News podcast...
IAG to exit Malaysian joint venture
20 July 2021
IAG will exit its Malaysian insurance joint venture and receive sale proceeds of around $340 million under a proposed deal expected to be completed this financial year, as the insurer completes its retreat from Asia...
Urgent repairs permitted during Sydney lockdown: ICA
20 July 2021
The Insurance Council of Australia says urgent building repair works can continue during the current Sydney lockdown, following confirmation from the NSW Government that such activities are permitted under its new Public Health Order...
Insurers outline support measures as lockdown pain continues
20 July 2021
Australia’s major insurers say they have in place a range of support measures, including temporary premium relief plans, for customers who have been financially affected by the latest COVID lockdowns and restrictions...
Couple caught out by non-disclosure on renewal
20 July 2021
A couple who say they made an “honest mistake” by not updating information when their car insurance policy renewed have lost a claim dispute...
New conduct regime draft laws released
16 July 2021
The Federal Government has released draft laws that will extend a strengthened banking executive accountability regime to insurers, in line with Hayne royal commission recommendations aimed at improving corporate culture and conduct...
NIBA names NSW/ACT broker award winners
16 July 2021
Marsh’s Craig Claughton and Markey Insurance & Risk’s Megan Farmer were today crowned the 2021 NSW/ACT National Insurance Brokers Association award winners...
IAG pledges support for locked-down customers
16 July 2021
IAG today reaffirmed support measures for struggling customers hit by COVID-19 restrictions in Victoria and NSW...
Woman 'pursued' by US hospital debt collectors loses claim dispute
16 July 2021
A woman seeking almost $100,000 from Lloyd’s after she argued a US hospital had a debt recovery company pursue her for medical expenses has lost a claim dispute...
Court backs Chubb over All Class theft claim
15 July 2021
The Federal Court has ruled Chubb does not have to cover a $2 million employee theft claim made after client trust account funds were misused in an apparent attempt to keep afloat failing brokerage All Class...
Hardening commercial rates 'tailwind' for post-COVID upswing
15 July 2021
Swiss Re predicts non-life premium volume globally will grow at a stronger 2.8% this year and 3.7% in 2022 from 1.5% last year, lifted by what it says is “the strongest rate hardening for two decades in commercial lines”...
Tasmania enters 'new era of bushfire risk': Zurich
15 July 2021
A comprehensive Zurich study examining Tasmania’s devastating bushfires of 2018/19 and the experience of authorities and affected groups finds the island state has entered a “new era of bushfire risk”...
Law firm cans its broker exposure report
15 July 2021
Clyde and Co has taken down a report that warned Australian insurance brokers could be exposed to claims as a result of COVID-19 business interruption cover and the hard directors’ and officers’ market...
Under-fire brokerage challenges accuracy of ASIC statement
14 July 2021
A Steadfast network brokerage subject to court-imposed freezing orders has accused the corporate regulator of publishing a “misleading and inaccurate” statement...
NIBA names Queensland broker award winners
14 July 2021
Two members of the team at Sunshine Coast brokerage Crucial Insurance and Risk Advisors were today crowned Queensland’s 2021 National Insurance Brokers Association award winners...
INsight podcast discusses add-on take-aways
14 July 2021
Exemptions to the deferred sales model for add-on insurance are a key talking point on this week's Insurance News podcast...
ASIC obtains freezing orders against brokerage
13 July 2021
The Australian Securities and Investments Commission has obtained urgent interim orders in the Federal Court against Alliance Insurance Broking Services and its sole director Renato De Maria...
Cyclone Seroja losses top $400 million: Perils
13 July 2021
Cyclone Seroja, which attracted widespread attention when it crossed the WA coastline unusually far south, has caused insured losses estimated at $434 million, catastrophe data company Perils says...
Broker's job to read '100-pages' for client: AFCA
13 July 2021
The Australian Financial Complaints Authority has upheld a decision by Allianz to reject a farm pack customer’s claim for loss of hay in a fire incident last year, ruling he had not included the site where the blaze occurred in the policy contract...