Daily
Bushfire weather system ‘becoming more frequent’
10 March 2020
A weather phenomenon that was partly to blame for the recent horror bushfire season is becoming more frequent and more severe, according to new research...
ICA cancels Annual Forum on virus concerns
06 March 2020
The Insurance Council of Australia has cancelled this month’s Annual Forum due to concerns about the spread of the coronavirus...
Summer losses set to reach $5 billion: APRA
06 March 2020
Insured losses from extreme weather events during summer are likely to rise to $5 billion, Australia’s financial regulator says, and this will “undoubtedly” have an impact on the cost and availability of insurance...
SIRA orders underpayment remediation plan from icare
06 March 2020
NSW state insurer icare has been ordered to produce a “review and remediation plan” by next Friday in relation to workers who have been underpaid statutory benefit entitlements...
QBE silent on possible sale of lenders' mortgage business
06 March 2020
The future of QBE’s lenders’ mortgage insurance arm is again under the spotlight after a newspaper reported today a number of potential buyers are keen to acquire the business...
Motorists claiming injury caught fishing, holidaying
05 March 2020
Twelve motorists have been prosecuted in WA for providing false and misleading information in relation to motor-injury insurance claims...
Industry steps up coronavirus travel restrictions
05 March 2020
Aon Australia has limited domestic travel and insurers are restricting employee overseas business trips as Governments globally take action to curb the spread of the coronavirus...
Time to back brokers: premium funder launches campaign
05 March 2020
A leading premium funder has unveiled a broker support campaign to highlight the value provided by intermediaries, at a crucial time for the industry...
Class actions set for federal inquiry
05 March 2020
A Federal Parliamentary inquiry into class actions will examine factors driving their prevalence, potential impacts on the economy and the role of litigation funders...
Law changes keep heat on troubled D&O market
04 March 2020
Aon has warned that law reforms are throwing up additional risks for the directors’ and officers’ insurance market, while challenging conditions are set to continue indefinitely this year...
Injured Bali scooter rider faces $35,000 bill after claim rejected
04 March 2020
A 25-year-old Bathurst man’s family have slammed his travel insurer after being forced to pay a $35,000 hospital bill when he was seriously injured in a scooter accident in Bali – but the insurer says all customers are made aware of policy exclusions...
NSW brokers forced to arrange ‘sub-optimal’ cover
04 March 2020
High taxes and levies on insurance are forcing NSW brokers into placing “sub-optimal” cover for SME clients, the National Insurance Brokers Association warns...
Polish speaker loses appeal over termite roof collapse
04 March 2020
A Polish homeowner who speaks little English and blamed wind, not termites, for the collapse of his roof has lost an attempt to have QBE pay half the cost of rebuilding the property...
Coronavirus forces conference cancellation, travel restrictions
03 March 2020
The Australasian Institute of Chartered Loss Adjusters has postponed next month’s Asian Claims Convention in Japan due to the ongoing coronavirus outbreak...
Will consumers benefit? Industry expresses doubts over reforms
03 March 2020
Some of the Hayne royal commission’s proposed reforms directed at general insurance may undermine consumers, the industry has warned, urging Treasury to consider amending its draft legislation...
icare acts on performance issues
03 March 2020
NSW state insurer icare has outlined progress in improving its performance following State Insurance Regulatory Authority recommendations and a customer advocate report...
Inside the latest edition of Insurance News magazine
03 March 2020
The insurance industry has often found itself embroiled in controversy following major catastrophes, but not this time. With around 27,000 claims from the devastating bushfires that began in September now nearing $2 billion, the industry’s response has been swift and effective...
icare criticised over return to work data accuracy
28 February 2020
NSW insurer icare has been censured by the State Insurance Regulatory Authority over “data accuracy issues” in relation to return to work rates...
Insurer sued over 'circle of trust' yoga injury
28 February 2020
A woman who fractured her spine during a trust task at a yoga teacher training course has been granted permission to pursue a damages case against Allianz...
Ensurance in talks to sell Australian underwriting arm
28 February 2020
Ensurance is in “advanced stages of negotiation” to dispose of its Australia-focused underwriting business...