Tributes paid to 'courageous champion' Jen Mitchell
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...
Daily
Insurers urged to 'obsess' over innovation
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...
Not covered: driver's claim denied after high-speed smash
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...
'Undone by greed': beef stockist caught trying to cheat WorkSafe
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...
Berkley adds PI offering to Steadfast's online trading platform
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...
Claimant loses $25,000 battle after overseas cancer diagnosis
24 January 2022
Zurich Australia has denied a claim from a travel insurance customer who was diagnosed with prostate cancer while overseas...
Hostile cyber activity ups ante for cover gaps
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...
Small business ombudsman launches natural disaster inquiry
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...
Aussie insurtech secures backing from Chinese tech giant, Silicon Valley
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...
No excuses: AFCA says customers should know claims history
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...
NZ insurer assessing impact of Tonga tsunami
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...
IAG wins court fight over factory fire
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...
Big Red Bash loses cancellation cover battle
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...
Australian travel insurer acquired by Generali subsidiary
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...
No damage, no cover: insurer denies claim for landslide-threatened property
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...
Darren O’Connell joins IAG intermediated team
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...
Auto-renewal wrangle: insurer must refund six years of premium
19 January 2022
An Allianz customer has won a premium refund after the Australian Financial Complaints Authority (AFCA) decided he had not given permission for a landlord policy to automatically renew...
BI, cyber joint top Australia threats: Allianz risk survey
19 January 2022
Supply disruption and other forms of business interruption, along with cyber breaches, pose the biggest threats to corporate Australia over the next 12 months, while pandemic outbreak, the top risk last year, slipped to sixth in an annual Allianz Global Corporate and Specialty survey...
ASIC poised to act on failures as 'new chapter' begins for claims
19 January 2022
The corporate regulator is “ready to act” if it detects harmful conduct related to insurance claims handling or settlement, following recent reform...
Rain-inducing La Nina likely near peak
18 January 2022
The La Nina weather pattern is likely “near or at its peak” with a return to neutral conditions expected in the autumn, the Bureau of Meteorology says in its Climate Driver Update...