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360 Underwriting bolsters executive team

16 November 2021

360 Underwriting Solutions has added three experienced industry executives to its group services division as the business moves into its fifth year of operation...

Claimant loses dispute over 'taped-together' car

16 November 2021

A driver whose car was damaged in a collision with a truck has lost a dispute over a claim declined because it was found that screws, tape and possibly glue were holding parts of the vehicle together before the accident...

Nib secures new travel underwriting partner to restart sales

12 November 2021

Nib Holdings will start selling travel insurance again in Australia and New Zealand later this month after securing an underwriting arrangement with new partner Pacific International Insurance, the business announced today...

icare to pay out $38 million after benefit errors

12 November 2021

NSW state insurer icare will pay $38 million in total to 53,000 injured workers who were underpaid benefits and has apologised for the calculation errors that have led to the remediation...

Tower introduces home flood-risk ratings

12 November 2021

Home insurance customers of New Zealand’s Tower will receive a low, medium or high-risk rating for their property, reflecting the potential risk of a flood and the estimated cost of replacing or repairing damage caused by flooding...

Emergency protocols to include insurance responders

11 November 2021

Emergency Management Australia protocol changes have classified insurer disaster personnel as emergency responders and introduced measures to hasten processing of applications to cross borders...

ASIC sets industry levy, responds to rising cost concerns

11 November 2021

The general and life insurance industry is expected to pay a total levy of about $24.702 million to support regulatory work carried out in the last financial year by the Australian Securities and Investments Commission...

Suncorp NZ targets reduced supplier emissions

11 November 2021

Suncorp New Zealand will look to extend a carbon management program that aims to reduce greenhouse gas emissions across its suppliers following a successful pilot...

Mustang owner who hit pole wins $58,000 payout

11 November 2021

A truck driver who lost control of his Ford Mustang and drove into an electricity pole shortly after leaving home for an afternoon haircut has won a large payout following a claim dispute...

NIBA releases revised draft code after 'strong criticism'

10 November 2021

The National Insurance Brokers Association has released a revised draft Code of Practice along with an Independent Reviewers report, after an earlier version was criticised by consumer groups and the compliance committee for not sufficiently raising standards...

AUB may consider international expansion

10 November 2021

AUB Group has flagged that it may explore international opportunities following an improvement program over the past two years that has leveraged scale and created a simpler business...

INsight podcast: focus on climate change

10 November 2021

The threat of climate change and the industry's part in responding to it is the main topic of discussion in the latest Insurance News podcast...

icare sounds out workers' comp providers

09 November 2021

NSW state-owned insurer icare is conducting a market study to better understand provider capabilities and experience in workers’ compensation claims and injury management services...

RIMS backs US pandemic cover bill

09 November 2021

The Risk and Insurance Management Society has backed a bill reintroduced into the US Congress to create Government-backed cover for pandemics following development of the proposal last year...

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