Daily
Poor designs led to use of dangerous cladding, agency finds
25 July 2024
A review of more than 800 buildings in Victoria has found “substandard” documentation and “widespread misapplication” of regulations contributed to the use of non-compliant cladding materials in apartment blocks...
Insurance versus bank tech comparison unfair, seminar to hear
25 July 2024
An Insurance News technology seminar will unpick the criticism that the insurance industry has been slower and more reluctant than its peers to adopt innovative solutions and system change...
Traveller loses dispute after claims history raises alarm
25 July 2024
Lloyd’s Australia has won a travel cover dispute after its investigator was unable to substantiate a policyholder’s claim that medical costs were incurred when his daughters fell ill...
Flood probe: insurers criticised over ‘cultural crisis’
25 July 2024
Customer advocacy groups have scolded insurers over their efforts to address the “ongoing affordability crisis”, telling today’s flood inquiry hearing in Townsville that profits are being prioritised over consumers...
Property rates post first drop in seven years
24 July 2024
Australian property premium rates declined for the first time in more than seven years in the second quarter, easing 4%, according to Marsh's latest commercial index...
Swiss Re Corporate Solutions names new Australia head
24 July 2024
Swiss Re Corporate Solutions has named Kevin Bates as country head for Australia and New Zealand, effective from November 4...
Cyclone victims left ‘with nowhere to go’
24 July 2024
Far North Queensland community groups and councils outlined concerns with insurers’ responses to Ex-Tropical Cyclone Jasper at today’s flood inquiry hearing in Cairns...
INsight podcast: industry exposure to CrowdStrike outage
24 July 2024
Massive disruption caused by the CrowdStrike outage and the implications for insurers are key discussion topics on the latest edition of the Insurance News podcast...
Allianz repeats call for flood pool
23 July 2024
Allianz has told a Senate inquiry into the impact of climate risk on premiums that a flood reinsurance pool is the best way to make flood cover affordable for the highest-risk households...
AFCA to adopt recommendations after ‘positive’ review
23 July 2024
The Australian Financial Complaints Authority has accepted 12 recommendations made following an independent review of 30 of its determinations...
WTW appoints M&A head for financial lines business
23 July 2024
Global broker WTW has appointed Steven Torresan as head of mergers and acquisitions in its financial and executive risks business for Asia-Pacific and Africa...
Owner of rare vehicle loses bid for $122k bump-up on fire payout
23 July 2024
A car owner who sought to increase his insurance payout from $78,000 to $200,000 has lost a claims dispute...
NIBA names winning Victoria/Tasmania brokers
19 July 2024
National Insurance Brokers owner Abbie Wilson has been named this year’s broker of the year for Victoria/Tasmania...
Liberty Mutual Reinsurance establishes Australian presence
19 July 2024
Liberty Mutual Insurance Group’s LM Re has set up a dedicated Australian unit to oversee its portfolio and appointed Aon’s Mark De La Mare to lead the underwriting team based in Sydney...
Agile hires group risk officer
19 July 2024
Agile Underwriting Services says Matthew Rowan has joined as group risk and compliance officer...
VBA hands builder record fine over falsified insurance
19 July 2024
The Victorian Building Authority has fined Aycon Constructions and its nominee director Seyit Ayranci $250,000 after the business was found to have carried out building work with falsified insurance certificates...
‘Default target’: industry not cause of rising premiums, says Marsh
18 July 2024
A Senate committee inquiry examining the impact of climate risk on insurance premiums must “ask systemic questions”, Marsh says...
'Wake up': crash claim denied morning after sleeping pill
18 July 2024
New Zealand's Insurance & Financial Services Ombudsman Scheme has warned drivers who take medication such as sleeping pills to wake up to policy wording issues after an insurer initially declined a driver’s accident claim...
Claims handling technology in focus at tech seminar
18 July 2024
Industry experts will scrutinise what technology really offers in improving claims management at next month’s Insurance News technology conference...
FM Global aims to strengthen position through rebrand
18 July 2024
Commercial property insurer FM Global says uniting its businesses under a new FM brand and logo will help strengthen its market position, including in Australia where it now writes more than $500 million in premium...