01 March 2022
Worsening droughts, bushfires and floods such as the one that Queensland and NSW are now experiencing will become even more severe and frequent as climate change takes hold in Australia, with potentially huge ramifications for the insurance industry...
01 March 2022
The new Insurance Brokers Code of Practice, launched today, includes an obligation for brokers to report other brokers over breaches, and the possibility of naming and shaming those that have breached the code...
01 March 2022
Specialist professional risks broker Mega Capital has been relaunched as Finstead Risk Solutions, a new insurance broking and advisory venture led by three former Sydney-based InterRISK executives...
25 February 2022
Gallagher Re has appointed Heather Bone as Australia CEO and made a number of senior appointments, signalling “ambitious plans” for the local market as the global firm expands following its Willis Re acquisition...
25 February 2022
A travel insurer has been ordered to pay $18,000 after incorrectly denying a claim after the policyholder’s brother-in-law was killed in a road crash days before the trip was due to start...
25 February 2022
Genworth Mortgage Insurance says a shift in policy cancellation behaviour may see its annual net earned premium drop to more typical levels in the current year after jumping 19% to $370.5 million in 2021 as homebuyers chased lower mortgage rates...
25 February 2022
Insurtech Cover Genius says a “momentous” year of growth has pushed its policy sales past 10 million, seen the size of its team in Australia and New Zealand nearly double and sales of XCover – which is available on Amazon – rocket...
24 February 2022
Malicious or criminal attacks account for more than half of data breaches that affected the insurance industry, the Office of the Australian Information Commissioner’s latest update for the half-year to December shows...
24 February 2022
A Victorian man has been awarded a small fraction of the unfair dismissal compensation he was seeking from building services company Johns Lyng after it terminated his employment for sending inappropriate messages, promoting his own business and neglecting duties during working hours.
24 February 2022
Parametric insurance specialist Descartes Underwriting has teamed with Sydney-based risk analytics firm Reask as it looks to expand its global cyclone coverage...
24 February 2022
The Defence Service Homes Insurance Scheme is searching for an industry partner to work on software solutions and management and administration services...
23 February 2022
Steadfast first-half earnings have jumped after stronger pricing boosted the broking and underwriting agency divisions and as the company continues to pursue acquisitions...
23 February 2022
PSC Insurance Group today reported stronger-than-expected earnings for the six months to December, fuelled by contributions from its UK and Australia acquisitions as well as organic growth across all business segments...
23 February 2022
A pet owner has lost a dispute over liability after his cat died after it was taken to a vet and treated for a suspected snake bite last summer...
23 February 2022
The Full Court appeal ruling on the second industry test case related to covid business interruption claims is the focus for the panel on the latest Insurance News podcast...
22 February 2022
Insurers are working through the details of the business interruption Full Court decision that went mostly in their favour yesterday as the parties consider whether issues should be pursued through a High Court appeal application...
22 February 2022
The Insurance Council of Australia has launched a national campaign ahead of the federal election advocating greater government spending to reduce natural catastrophe impacts and wider reforms to drive resilience...
22 February 2022
AUB Group today adjusted upwards its earnings guidance for this financial year, buoyed by a sharp first-half showing from its Australia broking and agencies businesses as well as contributions from BizCover, an online platform in which it owns a minority stake...
22 February 2022
An unemployed Suncorp policyholder seeking a payout of almost a quarter of a million dollars for the theft of 74 items, mostly jewellery, has lost an insurance dispute after the claim was deemed fraudulent...
18 February 2022
QBE has reported a $US750 million net profit compared with a $US1.52 billion loss in the previous year after strong pricing and a surge in gross written premium offset catastrophe claims impacts...