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...
Daily
Insurer not 'compelled' to sell new travel policy at old premium
09 November 2021
A complainant who was not told by XL Insurance Company SE that he would have to pay twice as much to take out a new travel policy has lost his case...
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...
Storms catastrophe claims soar to almost 60,000
05 November 2021
Wild weather that swept across SA, Victoria and Tasmania last week has resulted in almost 60,000 claims so far...
Steadfast Convention to return after COVID hiatus
05 November 2021
The Steadfast Convention will return in Adelaide next March after the annual event was cancelled for the previous two years due to the COVID-19 pandemic...
Underwriting agency announces CEO exit
05 November 2021
SLE Worldwide Australia CEO Brad French will leave the underwriting agency at the end of the year after more than two decades of service...
Insurer refuses to let customer withdraw suspect claim
05 November 2021
Suncorp refused to let a customer withdraw a motor insurance claim, instead choosing to decline it on the basis of fraud...
Suncorp raises perils cost outlook to $1.1 billion
04 November 2021
Suncorp has raised its full-year outlook for natural hazard costs to around $1.1 billion, with last week’s SA and Victorian storms expected to generate the highest level of claims for weather events to date this financial year...
Howden expands into New Zealand
04 November 2021
International broking group Howden announced today it is expanding into New Zealand, after setting up Australian operations earlier this year.
McLardy McShane announces 'most significant investment'
04 November 2021
Melbourne-based broker McLardy McShane Group has expanded again with the acquisition of a 30% stake in Perth-based brokerage and authorised representative network Apollo Risk Services, its most significant investment so far...
INsight podcast: cyber, catastrophes and COVID travel cover
04 November 2021
The evolving cyber threat is the focus of the latest Insurance News podcast, as concerns continue to grow about soaring claims and premiums...
High Court BI appeal tipped as Full Court hearing set to start
03 November 2021
The second business interruption insurance test case may not be finalised until this time next year given a Full Court appeal outcome is likely to be taken to the High Court, legal firm Herbert Smith Freehills says...
Climate COP-out: insurers criticised for supporting oil, gas
03 November 2021
Climate campaigners have criticised QBE and other insurers that continue to provide insurance for oil and gas projects, saying their support for the sector is undermining efforts to limit global warming to 1.5 degrees or lower as set out in the Paris Agreement...
QBE appoints people and culture chief
03 November 2021
Amanda Hughes has been promoted to the role of Group Executive, People and Culture at QBE, effective next month...
Fix land use, building codes to boost housing affordability: ICA
03 November 2021
Poor land planning decisions and limited building codes are pushing housing costs higher, Insurance Council of Australia CEO Andrew Hall says...
IAG mandates vaccines for on-site NZ workers
02 November 2021
IAG has introduced "compulsory COVID vaccination" for on-site workers in New Zealand, and says similar measures will apply in high risk locations in Australia until the end of the year...
COVID restrictions result in strata repairs 'backlog'
02 November 2021
CHU-owned Flex Insurance says there is a backlog of claims repairs waiting to be completed at strata properties after more than a year of pandemic lockdowns, echoing similar observations about COVID curbs hindering insurers’ ability to progress building works...
IAG raises perils forecast, cuts guidance after storms
02 November 2021
IAG has raised its full-year natural perils forecast by 36.6% to $1.045 billion and lowered its reported margin guidance following SA and Victorian storms that have been declared a catastrophe by the Insurance Council of Australia...
Damage 'caused by tree roots, not storm'
02 November 2021
A Suncorp customer who challenged the insurer’s decision to decline his home building claim for storm damage has lost his dispute before the Australian Financial Complaints Authority...
SA storm catastrophe declared, Victoria hit by wild winds
29 October 2021
The Insurance Council of Australia has declared a catastrophe for severe storms in SA and may widen the declaration to include wild winds that toppled trees this morning in Melbourne and regional Victoria...