Daily
Pay BI claims from terrorism pool, UK broker says
01 May 2020
Nightclubs and restaurants and leisure and hospitality broker NDML have asked the UK Government to release Pool Re terrorism funds to support payment of business interruption claims related to the coronavirus outbreak...
ICA considers coverage options for next pandemic
30 April 2020
The Insurance Council of Australia has revealed it is working with actuarial consulting firm Finity on a range of options to introduce “some level” of pandemic coverage for future outbreaks...
Broker's trade credit warning as insurers act on COVID
30 April 2020
NCI’s Trade Credit Risk Index has increased in the first quarter, driven mainly by a sharp rise in the number of insurers reducing or cancelling company transaction cover...
Blue Zebra launches new cover to help struggling clients
30 April 2020
Underwriting agency Blue Zebra will offer third party property damage motor insurance from tomorrow to assist clients looking to cut costs while the tough economic climate persists...
Mecon defends claim denial citing 'criminal links'
30 April 2020
Mecon Winsure Insurance Group is defending a decision to decline a civil construction business theft claim in a NSW Supreme Court dispute that hinges on non-disclosure of financial problems and links to criminal organisations...
Industry emerges unscathed from parliamentary Q&A
29 April 2020
The general insurance industry’s reputation remains intact following two days of questioning by MPs...
Inequitable and opaque: insurers’ bushfire submissions demand tax overhaul
29 April 2020
Unequal state funding models for emergency services should be scrapped because they add to the number of Australians who are uninsured or underinsured, insurers and brokers have urged in submissions to the bushfires royal commission...
Industry under new pressure to provide relief for landlords
29 April 2020
Insurers have again been pressed to make concessions for landlord policyholders, as the industry continues to come under fire over its response to the pandemic crisis...
Flood views tested in Townsville ruling
29 April 2020
A Townsville veterinary clinic’s flooring damage claim has been upheld after the Australian Financial Complaints Authority found ponded stormwater runoff inundated the property before Ross River flooding caused later damage...
Insurers under the hammer as MPs raise issues
28 April 2020
Federal MPs quizzed the Insurance Council of Australia and Allianz today on industry responses to COVID-19, natural disasters, and the Hayne royal commission...
ASIC lays down virus response expectations
28 April 2020
The Australian Securities and Investments Commission (ASIC) has written to insurers to set out its expectations on how they should assist consumers experiencing financial difficulties during the coronavirus pandemic...
IAG’s strata unit still accepting north Queensland clients
28 April 2020
IAG-owned Strata Unit Underwriters is still taking on new business in north Queensland, the parent company said today, rejecting claims from an intermediary partner that it no longer offers quotes for first-time clients...
Insurer introduces new support measures for home, motor
28 April 2020
IAG has unveiled a package of support measures for personal lines customers who are struggling financially from the ongoing pandemic-triggered economic downturn...
Industry riled by MP’s ‘widespread misconduct’ claim
24 April 2020
Next week’s parliamentary hearings have the potential to be bruising encounters for the insurance industry, if initial comments by a leading MP are anything to go by...
Simple way to cut car theft 'ignored by many'
24 April 2020
The National Motor Vehicle Theft Reduction Council is urging that more be done to highlight to Australian drivers how simple measures like storing keys away from windows and doors can greatly reduce the risk of car theft...
Roof covered after cement mix-up
24 April 2020
A woman who identified her roofing as “cement tiles” from a list of options has had a hail damage claim upheld by the Australian Financial Complaints Authority following a dispute over the accuracy of the description...
Catlin-chaired group, RIMS pursue pandemic plans
24 April 2020
Convex CEO Stephen Catlin and UK insurance executives have formed a group to work with terrorism insurer Pool Re on developing pandemic responses, while the Risk and Insurance Management Society has written to the US Congress pressing for a Government backstop...
Insurers’ virus responses set for parliamentary grilling
23 April 2020
The insurance industry’s response to the coronavirus pandemic and its performance since the Hayne royal commission will be scrutinised next week during two days of Federal Parliament committee hearings...
AIG ordered to pay cyber fraud claim
23 April 2020
AIG has been ordered to pay a claim for $50,000 after a client’s funds went missing when an unknown third party intercepted an emailed invoice and changed the banking details...
Cover-More lays off staff as global travel grinds to halt
23 April 2020
Leading Australian travel insurer Cover-More has retrenched a portion of its 2300-strong workforce in a bid to stave off the financial fallout from the COVID-19 pandemic, which has virtually grounded global travel demand...