Daily
Insurer must pay $40,000 after unjustified fraud accusation
05 December 2019
The Australian Financial Complaints Authority has ordered an insurer to pay a builder more than $40,000 after it unfairly declined a vehicle theft claim...
NZ sets out insurance law overhaul plans
05 December 2019
The New Zealand Government has agreed on key changes to overhaul insurance laws, but will seek more input on whether unfair contract term rules in draft legislation should be brought into line with proposed changes in Australia...
New marine underwriter promises 'innovative solutions'
04 December 2019
Marine-focused underwriting agency RedSky Insurance has started commercial operations this month, led by a team of specialists with more than 96 years of combined industry experience...
Attack of the clones: number plate crime escalates
04 December 2019
Theft and cloning of vehicle number plates is an increasing concern with “far-reaching impact”, the National Motor Vehicle Theft Reduction Council warns...
Insurers welcome ‘world first’ mobile phone detection cameras
04 December 2019
The insurance industry has applauded the use of high definition cameras in NSW to catch drivers illegally using their mobile phones while on the move...
Ombudsman slams 'unjust' workers' comp claims handling
03 December 2019
The Victorian Government will review its workers’ compensation claims management model after an ombudsman report criticising handling of complex cases by state-owned WorkSafe and its agents...
Wivenhoe Dam ruling highlights public insurance gaps
03 December 2019
Governments should reconsider their existing insurance arrangements in the wake of last week’s Wivenhoe class action verdict in the NSW Supreme Court, according to law firm Clyde & Co...
AFCA sides with insurer in dispute over premium rises
03 December 2019
A PetSure policyholder who filed a complaint that the insurer “unreasonably increased” his premiums by more than 266% over a four-year period has lost his case...
Wivenhoe class action: insurers, flood victims win legal fight
29 November 2019
The NSW Supreme Court today ruled that negligence by the operators of the Wivenhoe and Somerset dams exacerbated the 2011 Brisbane floods...
Claims handling in sights as draft bill released
29 November 2019
Treasury has opened consultations on draft legislation that will make insurance claims handling subject to oversight by the Australian Securities and Investments Commission...
Hot, dry summer set to worsen drought, fire risk
29 November 2019
Summer is likely to start off hot and dry, with much of eastern Australia gripped by the same climate influences that gave us a warmer and drier than average spring, the Bureau of Meteorology predicts...
Hollard takes over from AIG on Steadfast Direct
28 November 2019
Hollard will replace AIG on the Steadfast Direct personal lines panel from the middle of next month, following arrangements announced to brokers today...
EML loses sole agency as icare appoints more insurers
28 November 2019
Insurance and Care NSW (icare) will give larger clients the option of working with three additional workers’ compensation claims management agents, to enhance “choice and flexibility”...
Grinners: Suncorp wins big at NZ awards night
28 November 2019
Suncorp had a lot to celebrate at the annual New Zealand insurance awards in Auckland last night...
Why Suncorp doesn’t support a reinsurance pool
27 November 2019
Suncorp has outlined the thinking behind its “long-held and well-documented concerns” over a proposed government-backed cyclone reinsurance pool for northern Australia...
Industry keeps up pressure to axe insurance taxes
27 November 2019
Taxes on insurance are counter-productive and must be abolished, the Insurance Council of Australia says, as it again urges governments to do away with the “regressive” system...
SIRA seeks answers on surging workers' comp costs
27 November 2019
The Friday deadline is looming for submissions to the NSW State Insurance Regulatory Authority review of soaring healthcare costs affecting the state’s workers’ compensation and compulsory third party schemes...
Insurer must pay claimant who did not disclose criminal past
26 November 2019
The Australian Financial Complaints Authority has ruled an insurer has no grounds to decline a home insurance claim because the complainant did not reveal her partner, who is the co-policyholder, has a criminal record...
QBE appoints IAG executive as Chief Underwriting Officer
26 November 2019
IAG executive Phuong Ly will move to QBE in February as Chief Underwriting Officer, Australia Pacific...
Bushfire conditions set to persist
26 November 2019
A weather system that exacerbates drought and bushfire conditions is set to hang around longer than usual, the Bureau of Meteorology warns...