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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
23 March 2022
WTW has appointed Rob Wiggan as Cyber Security Consultant within its Australasia Financial Lines team...
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...
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...
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...
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...
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...
18 March 2022
Insurers have received 150,774 claims related to NSW/Queensland floods – a 1.9% increase on yesterday’s figures...
18 March 2022
Aviso Group says it has set up a dedicated authorised representative business that will be led by CEO Andrew Hinz and GM of Distribution Matt Bradley...
18 March 2022
An insured homeowner whose property was damaged by floods is unable to claim because he bought the policy just two days previously...
17 March 2022
Businesses are buying more straightforward insurance directly as they access a mix of channels, while satisfaction levels when using a broker have jumped sharply higher, the latest annual Vero SME Insurance Index released today shows...