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INsight podcast: when politicians attack

01 July 2021

Insurers’ appearance before the House of Representatives Standing Committee on Economics was the main discussion point on the latest Insurance News podcast...

'Tough' new code set to kick in for industry

30 June 2021

An updated Code of Practice is set to kick in tomorrow for the general insurance industry, ushering in a new era of strengthened consumer protections and stiff sanctions for non-compliance including penalties of up to $100,000 for significant breaches...

NIBA halts ticket sales for July events

30 June 2021

The National Insurance Brokers Association is temporarily pausing registrations for next month’s gatherings in Perth, Brisbane and Sydney due to the unfolding COVID-19 situation across Australia...

Cyber the 'new D&O' as premiums soar: Marsh

29 June 2021

A rapid rise in cyber premiums as a result of surging ransomware attacks is leading to challenging market conditions similar to those experienced in directors’ and officers’ cover, broker Marsh has told a parliamentary hearing...

GSA acquires fellow Steadfast-backed broker

29 June 2021

GSA Insurance Brokers, in which Steadfast holds a controlling stake, has acquired the NSW and Victorian businesses of Mega Capital, a professional risk insurance broking firm that is also majority owned by the listed broker network group...

BI battle continues after High Court ruling

25 June 2021

Insurers’ battle over business interruption issues triggered by the COVID-19 pandemic will shift to a second industry test case to be heard later this year after the High Court today rejected any appeal on Quarantine Act exclusions, while other legal actions are also gathering pace...

Insurers acting unfairly on coal, inquiry hears

25 June 2021

Insurers are discriminating against the coal-mining sector and are undermining emission reduction efforts by limiting cover to innovative engineering and technology companies, a Parliamentary inquiry was told today...

Insurers to face Parliamentary inquiry heat

24 June 2021

Insurer responses to the COVID-19 pandemic and natural catastrophes as well as the industry’s retreat from covering coal mining due to climate change pressures will be examined at two Federal Parliamentary committee hearings tomorrow...

Cyber, climate, pandemic emerge as top issues

24 June 2021

Cyber, climate change and the impacts of the pandemic have globally converged as the top issues facing insurers, a Risk Radar report examining concerns in countries including Australia has found...

AUB-backed broker announces acquisition

24 June 2021

SRG Group, a Perth-headquartered broker in which AUB’s Austbrokers owns a 50% stake, has acquired corporate insurance broking specialist Gibbscorp for an undisclosed amount...

Enticing insurers 'key to cyclone pool design'

23 June 2021

Federal Treasury needs to talk with leading insurers to understand what would encourage greater participation in the northern Australia market before it embarks on detailed design work for the proposed cyclone reinsurance pool, the National Insurance Brokers Association says...

Seize the day: ICA urges NSW action on 'retrograde' taxes

23 June 2021

The Insurance Council of Australia has given a mixed reception to the NSW Government’s 2021/22 Budget, saying inaction on insurance tax reform has tempered the welcome announcement of $268 million to implement measures proposed by the NSW Independent Bushfire Inquiry...

NIBA names WA broker awards finalists

23 June 2021

GSK Insurance Brokers Senior Account Manager Jeff Booth, Marsh Managing Principal Sarsha Neal and Imperium Insurance & Financial Solutions MD Sumit Sopori are in the running to be crowned this year’s WA Broker of the Year...

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