15 February 2022
Pandemic-related business interruption claim numbers have remained well below early expectations as the outcome of the second industry test case is awaited, the National Insurance Brokers Association convention has heard...
15 February 2022
Internal cracks that appeared in an NT property, including damage to the floor tiles and cornices, were not caused by an earthquake but the result of foundation heave, soil moisture changes and lack of expansion joints, the Australian Financial Complaints Authority ruled in a claims dispute...
15 February 2022
IAG, already a majority shareholder in Carbar, has further increased its investment in the Australian car subscription company...
11 February 2022
IAG today reported insurance profit of $282 million for the six months to December, down 57.7% from the corresponding period in 2020, but CEO and MD Nick Hawkins says the business is on the right track under the “reset” program he has implemented...
11 February 2022
Transparent disclosure of commissions, fees and charges is critical to trust and confidence in the industry and in averting heavy-handed government action, consultant John Trowbridge told the National Insurance Brokers Association convention today...
11 February 2022
The recruitment of an office administrator with a “security co-ordination” role for AIG’s Brisbane office does not mean the giant US-based insurer is involved with the controversial Adani coal mine...
11 February 2022
A man who admitted to his insurer “I spat on a copper” while failing to disclose 13 other criminal offences relating to assault, property damage and drugs has been unsuccessful in efforts to have a claim for fire damage to his property accepted...
10 February 2022
The cyclone reinsurance pool bill was today referred to the Senate Economics Legislation Committee, which is due to report back by March 24, as the Federal Government faces a tight timetable to meet a planned July start for the scheme...
10 February 2022
The Australian Reinsurance Pool Corporation has appointed Jason Flanagan as Chief Claims and Customer Officer as it prepares to expand its responsibilities to cover cyclone risks as well as terrorism...
10 February 2022
A WTW survey of 500 executives from countries including Australia found “considerable lack of confidence” in respondents' own organisations’ reputational risk readiness...
10 February 2022
Australian Small Business and Family Enterprise Ombudsman Bruce Billson will visit natural disaster-hit areas around the country, holding feedback sessions with affected communities as part of his inquiry to help the sector manage future catastrophes...
09 February 2022
The Australian Reinsurance Pool Corporation has renewed its $3.475 billion terrorism retrocession program after meeting with more than 50 reinsurers online in key global markets to negotiate the cover...
09 February 2022
A NSW parent whose car door was bent backwards while putting her baby in the backseat as a neighbouring vehicle moved forward out of their carpark has lost an effort to have her insurer waive a $750 policy excess...
09 February 2022
Last year was Australia’s coolest since 2012 as the La Nina weather pattern brought widespread rainfall, though the national mean temperature was still above average...
09 February 2022
The continued slowing down of rate increases in the market is the main topic of discussion in the latest Insurance News podcast....
08 February 2022
Suncorp first-half earnings slumped 21% after higher natural disaster claims costs and lower investment market returns hit the insurance operations...
08 February 2022
Insurers are awaiting further details on the implementation of the northern Australia cyclone reinsurance pool after the Federal Government yesterday said finalised legislation is set to be introduced into Parliament and would deliver significant premium savings...
08 February 2022
The new Insurance Brokers Code of Practice, which should be implemented by November, will be key to changing culture, the National Insurance Brokers Association Convention heard today...
08 February 2022
A driver who had no motor insurance has been unsuccessful in efforts to have an insurer pay the cost of repairing damage to his car after colliding with its policyholder...
04 February 2022
QBE Insurance says Andrew Ziolkowski has returned to the business to take up the role of Chief Underwriting Officer for Australia Pacific...