Daily
Homeowner loses bid for full sum insured after fire
11 September 2020
A man whose home was totally destroyed by fire has lost his effort to reclaim the full sum of $740,250 he insured the house for...
Top brokerages recognised at CBN Awards
11 September 2020
Community Broker Network has presented its annual awards with two brokerages sharing the top corporate honours...
UK regulator announces date for BI test case judgment
10 September 2020
The Financial Conduct Authority says the judgment on the UK’s COVID-19 business interruption test case will be handed down next week...
Avalanche of reforms set to hit, conference told
10 September 2020
An avalanche of legal and regulatory reforms is expected over the next 12 months, delegates to the Community Broker Network virtual conference heard today...
Customer wins dispute over 79% premium spike
10 September 2020
A man has been awarded $207.46, plus interest, after disputing a 79% jump in his annual home and contents insurance premium...
Acquisition boosts AUB’s specialty portfolios: Emmett
10 September 2020
AUB Group says its recent investment in Experien Insurance Services is part of a strategy to grow its specialty portfolio business...
QBE reveals Regan’s severance payout details
09 September 2020
Former QBE Group CEO Pat Regan, who departed the insurer following a probe into his communications with a female employee, will get a severance payout of $310,000 in lieu of a reduced notice period plus statutory leave entitlements...
NSW names new icare chairman in overhaul
09 September 2020
icare Chairman Michael Carapiet will step down later this month and be replaced by former NSW Labor Party leader John Robertson, as the state insurer undergoes an overhaul and the Government fast-tracks a review into its operations and regulation...
Australians to suffer more extreme weather events: IAG
09 September 2020
Climate change will result in more frequent and intense extreme weather events across Australia, resulting in greater property, personal and economic damage, warns IAG’s latest Severe Weather in a Changing Climate report...
Businessman who boarded wrong flight loses insurance claim dispute
09 September 2020
A man who was mistakenly sent by a booking agent to Male, in the Maldives, instead of Mahe, in Seychelles, has lost a claim dispute with his insurer...
Court documents outline detail of BI test case claims
08 September 2020
Court documents obtained by insuranceNEWS.com.au outline the claim pathways and policy wordings that will be considered in the upcoming business interruption test case...
'We don't discourage pandemic claims': brokers
08 September 2020
Insurance broker representatives have rebutted a media report that suggests intermediaries discouraged SMEs from lodging coronavirus-related business interruption claims as the pandemic took hold...
Airline administration not covered by travel policy: AFCA
08 September 2020
Zurich has successfully defended a complaint lodged by a traveller who believed he was entitled to claim for losses incurred from buying a new return ticket when the airline he was booked to fly with in March went into administration...
Gallagher beefs up financial lines team with new hire
08 September 2020
Broker Gallagher has announced a new appointment to its financial lines team, strengthening its expertise in a tough area of the market...
NZ marks decade since Canterbury quakes
04 September 2020
New Zealand has marked the 10-year anniversary of the start of the Canterbury earthquake sequence, the biggest insured event in the country’s history and at the time the fourth most expensive global natural disaster...
icare personal injury executive departs
04 September 2020
NSW state insurer icare says Group Executive, Personal Injury Beth Uehling is departing the organisation after five years to take up the next opportunity in her career...
Drug-taking fraudster’s $2.6 million life claim dismissed
04 September 2020
A life insurance claim brought by the wife of a drug addict who jumped to his death four years ago after becoming embroiled in fraud allegations has been dismissed in the Supreme Court of NSW...
Former CBA advice firm hit with class action
04 September 2020
A class action has been filed in the Federal Court against Count Financial, a financial advice firm that was previously owned by Commonwealth Bank of Australia...
Casino sues Chubb to recover BI losses
03 September 2020
Casino operator The Star Entertainment Group has commenced legal action against Chubb Insurance Australia and other insurers, seeking compensation for business interruption losses suffered as a result of COVID-19 trading curbs imposed by governments...
Hollard Commercial Insurance appoints new CEO
03 September 2020
Hollard has promoted Jack Joubert to the role of CEO of the commercial arm of its insurance business...