Daily
Queensland agency adds strata 'to fill vacuum'
02 July 2020
Queensland-focused underwriting agency Sure Insurance has this month started offering residential strata insurance, in addition to home insurance which has been available since it started business in the middle of last year...
Insurance execs appointed as part of wider Suncorp overhaul
01 July 2020
Suncorp has reorganised its operations and business structure and announced the departure of CEO Insurance Gary Dransfield as it moves to improve performance and accelerate the group’s digital and data transformation...
Suncorp says BI intent clear ahead of test case
01 July 2020
Suncorp says it is confident it will not be significantly affected by a proposed industry test case on business interruption policy wordings that is expected to go to court next month...
Could NSW tax report be final nail in ESL coffin?
01 July 2020
A major report on NSW taxation reform has called for the end of all state insurance taxes – including the highly controversial Emergency Services Levy...
Huddle founders launch platform to help brokers get personal
01 July 2020
The founders of Hollard-backed insurtech Huddle Insurance have today launched a new digital broker platform, offering tools aimed at making it easier for intermediaries to sell car, home and travel insurance products...
Industry shoots down calls for national insurance monitor
30 June 2020
The Insurance Council of Australia has rejected calls from consumer advocates for a national pricing watchdog to stop insurers from overcharging customers...
Code committee responds to 'influx' of significant breaches
30 June 2020
The General Insurance Code Governance Committee has today published a guidance note in response to an “influx of significant breach matters”...
Farm coal seam gas liability worries spark talks
30 June 2020
The petroleum industry and agricultural groups are working with the Insurance Council of Australia to resolve issues around liability cover for farmers hosting coal seam gas production...
Support builds for ditching NZ fire levy
30 June 2020
Pressure has increased for Fire and Emergency New Zealand to be at least partly funded through taxation, as responses to a Government review largely support ending an insurance levy that allows “free-riding”...
Former brokerage MD allegedly spent funds on homes, travel
26 June 2020
Austbrokers Canberra has alleged in court documents that its former MD fraudulently used funds for home renovations, travel and repairs to luxury cars...
Industry swings into action for family violence provision
26 June 2020
Suncorp and Hollard have put in place mandatory measures to support customers affected by family violence, ahead of the July 1 deadline set for signatories to the new General Insurance Code of Practice...
Business interruption concerns flagged at bushfire royal commission
26 June 2020
A Victorian council chief has highlighted the limitations of business interruption insurance at the Royal Commission into National Natural Disaster Arrangements...
Technical glitch proves costly as claimant loses travel dispute
26 June 2020
A complainant whose online purchase of a travel insurance policy failed to go through because of a technical glitch on the insurer’s website has lost her dispute before the Australian Financial Complaints Authority...
Regional pubs facing insurance availability issues: MGA
25 June 2020
Country pubs are among properties in regional areas that are struggling to obtain cover at this year’s renewals as insurers reduce their risk appetite following last summer’s bushfires, MGA Insurance Brokers MD Paul George says...
Zurich takes up capacity for NM Insurance
25 June 2020
Underwriting agency NM Insurance today announced a new deal for Zurich to provide capacity for its boating and recreational product portfolio...
AUB lowers profit forecast in new guidance
25 June 2020
AUB Group has lowered its underlying net profit growth forecast for this financial year to 12-14% after withdrawing previous guidance at the end of March due to the uncertainty caused by the COVID-19 pandemic...
Allianz names new leader for underwriting agencies
25 June 2020
Allianz has promoted Jenny Bax to the newly created role of GM Underwriting Agencies to lead the unit’s strategic direction as governance and regulation rapidly evolves...
Bushfire royal commission told of underinsurance issues
24 June 2020
A NSW council executive has told the Royal Commission into National Natural Disaster Arrangements that residents of her bushfire-ravaged region cannot afford to insure their properties...
'Impractical' for brokers to explain every exclusion: AFCA
24 June 2020
Exclusions don't always need to be explained to customers of insurance intermediaries if they are “inherently obvious” or almost always included in certain types of cover, according to an Australian Financial Complaints Authority document...
PI pain set to worsen as insurers harden risk appetite
24 June 2020
Rates for professional indemnity insurance and other key construction product lines are set to increase further in the coming months, Willis Towers Watson says in an Australia update, as insurers’ risk appetite for the problematic industry continues to shrink...