AFCA awards payout, compensation to saggy ceiling claimant

02 July 2021

A Victorian woman has won a payout and been awarded compensation for unusual physical inconvenience and stress in a claim dispute with IAG over sagging ceilings throughout her 13-year old home...

Allianz completes Westpac deal to become third biggest insurer

01 July 2021

Allianz says it is now the third largest general insurer in Australia - behind IAG and Suncorp - following the completion today of its $725 million acquisition of Westpac’s general insurance business...

Steadfast unveils risk management tool

01 July 2021

Steadfast today introduced a data-driven management tool to assist its brokers with identification of risk hazards and natural catastrophe exposures by geographic locations and operational activities...

NIBA names SA/NT broker award finalists

01 July 2021

The National Insurance Brokers Association has revealed the 2021 finalists in SA/NT for both its Broker of the Year and Young Professional Broker awards.

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...

Just a minute: transcript reveals High Court's swift rejection of industry case

30 June 2021

Court documents outline the complex legal arguments made by the insurance industry as it sought leave to appeal the outcome of the first COVID-19 business interruption test case, as well as the speed of their dismissal...

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...

Homebuyer loses claim dispute after fire scuppers purchase

30 June 2021

A company director seeking almost $160,000 from Suncorp after he backed out of a property sale agreement because the home was damaged by fire before settlement has lost a claim dispute...

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...

'Claims influx' likely following BI test case defeat: lawyer

29 June 2021

Plaintiff law firm Shine Lawyers says there will be an “influx of claims” after insurers suffered a business interruption test case defeat in the High Court last week...

ICA argues against ACCC's proposed broker commission ban

29 June 2021

The Insurance Council of Australia has raised objections to some key Australian Competition and Consumer Commission recommendations on insurance, including the banning of broker commissions...

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...

General insurers facing 'greatest challenge in two decades'

25 June 2021

The general insurance industry is battling its most challenging circumstances in 20 years, a Parliamentary hearing was told today...

Claimant wins payout after downpour through open ute windows

25 June 2021

A Toyota Hilux driver has won a substantial payout during a claim dispute with Allianz after a sudden downpour sent rain through windows left open on a hot work day, flooding his ute interior...

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...