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...
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...