Daily
Global travel ban: what it means for insurers
18 March 2020
The fallout on Australia’s $1.2 billion travel insurance industry is likely to be more acute after the Federal Government raised its travel advisory to a maximum Level 4 “Do Not Travel” global restriction...
Pandemic: Finity predicts insurance impacts
17 March 2020
Various classes such as travel insurance, personal accident and workers’ compensation will be affected directly and indirectly by the worsening coronavirus outbreak in Australia, actuarial firm Finity says...
UAC postpones Melbourne expo as virus lockdown bites
17 March 2020
The Underwriting Agencies Council has postponed its Melbourne expo and is keeping a “watching brief” on future events as the coronavirus pandemic halts more large-scale industry gatherings...
‘Innocent non-disclosure’ wins $140,000 dispute for claimant
17 March 2020
Tokio Marine & Nichido Fire Insurance must pay a commercial claim for hail damage to the roof of a property, despite the claimant’s failure to properly disclose the property’s age and condition...
Catastrophe data firm adds motor to Australian reports
17 March 2020
Swiss catastrophe data company Perils has expanded its reporting to include Australian personal and commercial motor...
Home alone: industry turns to remote working in virus response
13 March 2020
A major broker has asked staff to work from home to prevent the spread of COVID-19 as the Federal Government advised against gatherings of more than 500 people and all non-essential international travel...
Coronavirus: Lloyd’s closes doors for backup trading test
13 March 2020
Lloyd’s is closing its underwriting room for 24 hours – for the first time in its 330-year history...
Insurer on hook over butcher who slipped on mince
13 March 2020
Lloyd’s managing agency Marketform must pay more than $600,000 compensation awarded to a 20-year-old apprentice butcher who slipped on a piece of sausage mince and injured his back, a court has ruled...
Suncorp's technology chief quits
13 March 2020
Suncorp is searching for a new Chief Information Officer (CIO) to replace Sarah Harland, who is leaving later this month after more than three years in the job...
Coronavirus claims prioritised as ICA declares catastrophe
12 March 2020
Insurers are ramping up their response to the coronavirus pandemic, with the Insurance Council of Australia declaring the COVID-19 respiratory illness outbreak an insurance catastrophe...
Event cancellations 'probably not covered' by insurance
12 March 2020
Sports clubs and event and conference organisers are not likely to be able to claim on insurance policies for coronavirus-related cancellations...
Convicted murderer loses claim to wife's insurance payout
12 March 2020
A former policeman currently serving life in prison for murdering his wife has no right to claim the payout from a life insurance policy they had jointly taken out weeks before her death, the Federal Court of Australia has ruled...
QBE swoops for IAG innovation expert
12 March 2020
QBE has announced the appointment of James Orchard as its new CEO of QBE Ventures...
SME satisfaction with brokers rises, but mistrust remains
11 March 2020
Brokers are becoming more proactive in assisting clients and satisfaction measures are rising, but levels of mistrust have also increased, the annual Vero SME Insurance Index says...
Coronavirus latest: ASIC shelves forum, Steadfast cancels convention
11 March 2020
The Australian Securities and Investments Commission has postponed its annual forum and dinner, just hours after Steadfast announced the cancellation of its huge annual conference...
Rainy day cover: IAG trials its new Poncho product
11 March 2020
IAG may introduce a new motor insurance name among its established stable of brands pending the outcome of a product trial currently taking place in NSW...
Life code breaches worry compliance committee
11 March 2020
An independent investigation has found significant claims and complaints handling breaches of the Life Insurance Code of Practice...
Bigger, but also better: Aon boasts benefits of WTW mega-deal
10 March 2020
Aon will become the world’s largest insurance broker after agreeing to acquire Willis Towers Watson for $US29.9 billion in shares...
Building cover tops AFCA insurance complaints
10 March 2020
Home building cover was the most complained about insurance product in the second half of last year, Australian Financial Complaints Authority data released today shows...
Burglary claim denied after claims history not disclosed
10 March 2020
A woman whose home was broken into had her insurance claim declined because she failed to disclose her claims history and partner’s criminal past...