18 February 2022
Labor would ensure that the cyclone reinsurance pool is put in place if elected this year, a Member of Parliament has said during debate on the bill, while the Opposition is also putting pressure on the Morrison Government to release modelling behind the scheme...
18 February 2022
The Insurance Council of Australia says there has been a “discernible shift” in politicians' attitudes towards investing in natural disaster mitigation measures...
18 February 2022
The owners of a boat worth almost half a million dollars have won a $70,000 payout, compensation and reimbursement of legal fees in a claim dispute after the vessel’s engine compartment and sleeping cabin flooded...
17 February 2022
The Full Court is scheduled to deliver an appeals decision on the Insurance Council of Australia second covid business interruption test case on Monday morning...
17 February 2022
The ex-employee of a Sydney-based insurance company has been charged with allegedly obtaining more than $730,000 in fraudulent payments, NSW Police says...
17 February 2022
Professional indemnity insurance rates in the Australian construction market are probably nearing their peak after insurers raised premiums sharply in the last few years in response to deteriorating conditions, according to broker WTW...
17 February 2022
A man seeking a $600,000 pay out after learning his pension payments stopped when he was in prison, and so a direct debit for his insurance premium payment was not paid, has lost a claim dispute...
16 February 2022
Pandemic-fuelled claims inflation is a “major issue” for insurers in Australia, insurance consulting firm Xceedance says, predicting it will probably be another 12 months before the industry sees some relief - and that's provided the economy is not hit with another disruptive covid variant outbreak...
16 February 2022
The owner of a 2010 Hyundai i30 who wanted an insurer to raise its maximum value by almost $2000 has been told to seek cover from a different provider if they’re not happy...
16 February 2022
Australia's insurtech industry is “still nascent” with huge potential for growth in coming years, presenters at the inaugural InsurtechLIVE conference in Sydney said...
16 February 2022
The impact of natural catastrophes on insurer results and the progress of the cyclone reinsurance pool are the main topics on the latest Insurance News podcast...
15 February 2022
NSW state-owned icare has launched a tender for the procurement of claims management services in the nominal insurer workers’ compensation scheme...
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...