22 October 2021
The Insurance Council of Australia is “very worried” about the impact of COVID-related issues on claims turnaround, and is battling to make sure the problem does not worsen this disaster season...
22 October 2021
NSW state insurer icare says at least 70% of activity to address recommended improvements made by a number of reviews is underway, and it has identified 463 past workers’ compensation claims with underpayments totalling $3.87 million...
22 October 2021
A traveller who left Australia on a one-way flight, caught COVID and was unable to return home has lost a claim dispute with Zurich on the basis the coronavirus was not an unforeseeable event when he departed in September last year...
21 October 2021
The COVID-19 pandemic has delayed an expected recovery in Australian general insurers’ profitability with performance going backwards in the past financial year, the annual Finity Optima report says...
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...