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...
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...
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...
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...
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...
18 January 2022
Reinsurers have gained further price rises after a challenging January renewal season involving some tense and protracted negotiations, brokers have reported...
18 January 2022
Howden RE says it has recruited Richard Pike as Executive Director Treaty Reinsurance, a newly created role within the business in Australia...
18 January 2022
A traveller caught out by Victorian border closures has lost a dispute lodged with the Australian Financial Complaints Authority over a claim for expenses incurred after isolating in a Queensland hotel...
17 January 2022
RACQ says cyclone reinsurance pool draft legislation gives only “half the picture”, the July starting date looks doubtful and changes are needed to ensure the arrangements will work effectively for policyholders and the industry...
17 January 2022
Insurers have welcomed a Federal Labor pre-election promise to invest up to $200 million a year on disaster prevention and resilience...
17 January 2022
Newly appointed SLE Worldwide Australia CEO Raj Nanra has started in the role, taking over from Brad French, who left the underwriting agency at the end of last year...
17 January 2022
A juice bar owner who disagreed with QBE’s decision to reject her claim for theft on the basis the crime did not meet the terms of coverage as stated in her business insurance policy has lost her dispute before the Australian Financial Complaints Authority...
17 December 2021
The insurance industry’s climate policies and their impact on Australia’s fossil fuel-led export industries dominate the findings of a parliamentary inquiry into the prudential regulation of investment in the sector...
17 December 2021
Draft terms of reference for the anticipated review of financial advice, including broker commissions, have been released by Treasury, setting in train an inquiry recommended by the Hayne royal commission for next year...
17 December 2021
Sydney-based insurtech Picnic Labs says $25,000 it received from the NSW Government will support the growth of its first customer-owned offering, Our Ark Mutual...
17 December 2021
Vulnerable homeowners have won a housefire claim dispute and financial compensation after an ombudsman ruled their 30-year-old son, living with them for five months to rehabilitate from methamphetamine use, was not "family" for the purposes of a policy exclusion “irrespective of whether or not he caused the damage”...
16 December 2021
Next year will see financial services companies including insurers double down on their efforts to focus on customers, EY says...