27 January 2022
Shares in Genworth Mortgage Insurance rocketed 14% today after the Commonwealth Bank agreed to renew an exclusive agreement for the provision of Lenders Mortgage Insurance to its home loan customers...
27 January 2022
A father is unable to claim on his motor policy with IAG because his daughter was driving at the time of an at-fault collision and the policy excludes under 25s...
27 January 2022
ASX-listed real estate group McGrath Limited has invested $6.5 million in Honey Insurance and says the insurtech will provide its clients with innovative home and contents cover...
25 January 2022
The Supreme Court of WA has found two Reliance Online directors breached their duties in purchasing Phil Doring Insurance Brokers in Queensland amid financial troubles and opposition from other directors...
25 January 2022
The insurance industry has come together to pay tribute to former IAG manager and workers’ compensation doyen Jen Mitchell, who died recently following a battle with cancer...
25 January 2022
Consultancy Accenture has listed five key trends it believes will shape the insurance industry this year as the pressure on insurers to innovate intensifies because of increased competition from insurtechs and other new entrants...
25 January 2022
A man who wrote off his car after approaching a roundabout at speeds of up to 180kmh has lost his bid to secure an insurance payout...
24 January 2022
A Victorian worker who lodged a fraudulent claim with WorkSafe Victoria while still receiving weekly benefit payments for a wrist injury sustained in 2018 at his previous job has been ordered to return more than $35,000 to the scheme...
24 January 2022
Berkley Insurance Australia now offers its Professional Indemnity product on the Steadfast Client Trading Platform (SCTP), in addition to General Liability which has been available since it joined the online marketplace three years ago...
24 January 2022
Zurich Australia has denied a claim from a travel insurance customer who was diagnosed with prostate cancer while overseas...
24 January 2022
Government backstops may be needed to absorb some cyber risk given market challenges in insuring potentially large losses from hostile activity and with premiums rising as cover costs are recalibrated, the Geneva Association says in a report...
21 January 2022
An inquiry into small business natural disaster preparedness and resilience has launched, with the aim of helping the sector cope better with future catastrophes such as fires, floods and droughts...
21 January 2022
Sydney-based Reask has closed its first round of capital raising with support from Chinese tech giant Tencent and other Silicon Valley investors, boosting the insurtech’s bid to become a key natural catastrophe modeller using artificial intelligence...
21 January 2022
A couple who failed to remember all of their previous claims while purchasing an Auto & General motor policy have lost their claim dispute...
21 January 2022
New Zealand insurer Tower said today it has 2500 customers in Tonga and is assessing the impact of last week’s underwater volcanic eruption and tsunami...
20 January 2022
IAG has successfully defended court action over a declined multi-million dollar claim after it argued that a massive fire at a Queensland bedding factory was started deliberately...
20 January 2022
The organiser of the annual Big Red Bash music festival in outback Queensland has lost a court battle with Lloyd’s underwriters over a $3.18 million event cancellation claim triggered by the pandemic...
20 January 2022
Europ Assistance, a subsidiary of Europe’s third largest insurer Generali Group, has acquired local travel insurance provider InsureandGo for an undisclosed amount from Spanish insurer Mapfre...
20 January 2022
Homeowners whose property was deemed “an unacceptable risk to human life” following a landslide will not be able to claim on their home and contents insurance policy...
19 January 2022
IAG announced today Darren O’Connell will start on February 1 as EGM Underwriting at its Intermediated Insurance Australia division headed by Group Executive Jarrod Hill...