21 October 2021
Appeals have been filed for five of the disputes heard by the Federal Court in the second test case over business interruption pandemic cover, the Insurance Council of Australia said today...
21 October 2021
Directors’ and officers’ rates in Australia continue to stabilise, aided in part by new capacity, but rising shareholder activism linked to climate causes looms as a new source of concern for insurers, Aon says...
21 October 2021
McLardy McShane Partners today announced it has acquired Sydney Insurance Brokers, creating a new joint venture headed by broker Dora Dimou as MD...
20 October 2021
Zurich may divest its Australian general insurance division, excluding the travel business, according to a media report, with any move to sell the business expected to attract widespread interest...
20 October 2021
Record “grapefruit-sized” hailstones measuring 16cm in diameter hit the Queensland region of Yalboroo, north of Mackay, yesterday as severe thunderstorms developed across eastern parts of the state during the afternoon and evening...
20 October 2021
The Australian Small Business and Family Enterprise Ombudsman has given preliminary backing for a discretionary mutual fund as a solution to the insurance crunch facing amusement park, leisure and recreation operators...
20 October 2021
Criticism of insurers for reimbursing ransom payments is discussed in the latest Insurance News podcast...
19 October 2021
Claims handling times have increased and there’s a significant difference between the performance of different insurers in the current environment, Gallagher says...
19 October 2021
Community Broker Network has reached an agreement to acquire Community Insurance Solutions from Bendigo and Adelaide Bank...
19 October 2021
A truck driver who fraudulently received workers' compensation payments has been convicted and ordered to repay more than $70,000...
19 October 2021
A decision by Suncorp to deny a claim for a stolen car, relying on an exclusion in relation to theft arising from a private sale, has been upheld by the Australian Financial Complaints Authority...
15 October 2021
A trial that could last more than three weeks is under way in the NSW Supreme Court as a class action over local government insurance mutuals comes to a head...
15 October 2021
Michael Miller has been appointed EGM Commercial & Intermediated at Suncorp following the departure of Darren O’Connell after 35 years at the insurer...
15 October 2021
The Australian Securities and Investments Commission has filed Federal Court action against IAG over a failure to honour customer discount promises that it alleges totalled around $60 million...
15 October 2021
The Northern Australia Insurance Lobby has sounded the alert over a number of issues they say could reduce the effectiveness of the Government-backed cyclone reinsurance pool...
14 October 2021
Workers’ compensation claims are likely to increase when the economy opens up, as states and territories transition to “living with COVID-19”, actuarial firm Finity has warned in a new report...
14 October 2021
SME-focused specialist underwriting agency Fusion says Katherine Simmonds has joined the business as Managing Partner based in Sydney...
14 October 2021
Adventure tourism and carnival businesses and areas impacted by potential abuse claims are among the priorities in looking at cover affordability and availability problems, the Insurance Council of Australia’s says, as its new Business Advisory Council begins work...
14 October 2021
A motorist who has been with the same insurer for 43 years had a claim denied after her vehicle was stolen from outside her home while she was in a distressed state about her father’s worsening health...
13 October 2021
The Government-backed Northern Australian cyclone reinsurance pool is on track to start in July, with details likely to be released next year shortly before legislation is introduced into Parliament, Assistant Treasurer Michael Sukkar said today...