Daily
Business as unusual: IAG backs brokers with training and support
12 May 2020
IAG will give its broker partners access to free counselling and training as part of a range of measures designed to help intermediaries through the ongoing coronavirus crisis...
Federal Government delays Hayne reforms
08 May 2020
The Federal Government will defer implementation of Hayne royal commission reforms by six months due to disruptions caused by the coronavirus pandemic...
Travel claim denials face scrutiny
08 May 2020
The General Insurance Code of Practice Governance Committee is scoping a targeted inquiry into travel insurance due to a rising number of declined claims...
Old dog, new trick: excess ambiguity triggers full payout
08 May 2020
A pet insurer’s application of an age excess has been ruled “ambiguous” by the Australian Financial Complaints Authority, which says a claimant with a 12-year-old dog must be paid the full amount of his claim...
'Fire-breathing dragon of clouds’ among rising storm risks
08 May 2020
Fire-generated thunderstorms in Australia during summer are among recent events highlighting rising global risks from convective storms, the New York-based Insurance Information Institute says...
Funder launches lower-cost product to help virus-hit SMEs
07 May 2020
IQumulate Premium Funding has announced a new “lower-cost” product that gives brokers another option to help struggling SME clients through the coronavirus crisis...
ICA fast-tracks aid for vulnerable, but delays code deadline
07 May 2020
The Insurance Council of Australia will speed up vulnerable customer support provisions contained within the new General Insurance Code of Practice, due to the “unparalleled impact” of COVID-19...
And again: QBE shareholders reject fossil fuel action demand
07 May 2020
QBE shareholders today again overwhelmingly rejected a resolution demanding the insurer set out targets to reduce its risk exposure to fossil fuel industries...
Industry seeks more time to implement Hayne reforms
07 May 2020
The industry has asked for more time to implement outstanding Hayne royal commission reforms, saying the pressing task right now is to help customers affected by the virus pandemic and last summer’s natural disasters...
COVID officers and split shifts: what a workplace return might look like
06 May 2020
As hopes rise for the scaling back of coronavirus shutdown measures, Australian businesses, including insurance companies and brokerages, are considering how to implement a return to the office...
Dual acquires key stake in NZ agency
06 May 2020
Dual Asia Pacific has purchased a controlling stake in New Zealand’s International Underwriting Agencies, marking the firm’s first acquisition since it began trading...
Mansfield Awards continue to recognise claims excellence
06 May 2020
The industry’s premier claims awards scheme – the Mansfield Awards – will take place again this year, with presentations made via a webinar as a result of COVID-19 social distancing measures...
Virtually happening: NIBA Convention set for online resurrection
06 May 2020
The National Insurance Brokers Association aims to hold a “virtual convention” this year, following its cancellation of the annual gathering due to coronavirus fears...
Insurance code of practice breaches surge
05 May 2020
General Insurance Code of Practice breaches have more than doubled in a “dramatic spike”, while the number of significant breaches has increased fourfold, the Code Governance Committee’s annual report shows...
Insurers 'haven't pulled plug' on entertainment industry
05 May 2020
Insurers have not abandoned the film and TV production industry, contrary to reports in the mainstream media, according to a broker with a significant portfolio in the sector...
'Flamboyant' broker runs into trouble on camel trek
05 May 2020
The owner of an insurance brokerage who left his high-profile leadership role to trek around Australia with five camels and a dog has made headlines after falling down a steep Victorian gorge with one of the animals...
Inquiry calls out government 'failure' on PI stalemate
05 May 2020
The NSW Government’s failure to act on the presence of flammable cladding materials in residential dwellings has partly triggered the insurance stalemate facing practitioners such as certifiers and surveyors, an Upper House inquiry has found...
Game on: insurer innovates to address disclosure challenge
01 May 2020
Suncorp is planning to launch a “gamified video” to help tackle the widely recognised failure of insurance disclosure...
Pandemic crisis sparks tougher cyber risk scrutiny
01 May 2020
Insurers are set to take a tougher stance toward assessing cyber coverage risks as the coronavirus pandemic causes hackers and criminals to become more active, Marsh executives said in a webcast briefing with clients today...
Checked luggage exclusion wrecks traveller’s theft claim
01 May 2020
A Zurich corporate travel policyholder who placed his laptop, camera and two lenses in checked luggage for an overseas flight has lost a dispute over his claim after the equipment was stolen...