Daily
Inside the latest edition of Insurance News magazine
03 March 2020
The insurance industry has often found itself embroiled in controversy following major catastrophes, but not this time. With around 27,000 claims from the devastating bushfires that began in September now nearing $2 billion, the industry’s response has been swift and effective...
icare criticised over return to work data accuracy
28 February 2020
NSW insurer icare has been censured by the State Insurance Regulatory Authority over “data accuracy issues” in relation to return to work rates...
Insurer sued over 'circle of trust' yoga injury
28 February 2020
A woman who fractured her spine during a trust task at a yoga teacher training course has been granted permission to pursue a damages case against Allianz...
Ensurance in talks to sell Australian underwriting arm
28 February 2020
Ensurance is in “advanced stages of negotiation” to dispose of its Australia-focused underwriting business...
Uber drivers hit section 54 dead-end
27 February 2020
Two more Uber drivers have had claims knocked back because they failed to disclose to their insurer that they were using their vehicles for commercial ridesharing services...
Bushfire claim closures at 25%, losses reach $1.99 billion
27 February 2020
The Insurance Council of Australia says a quarter of bushfire home claims have been closed, while total losses have climbed to $1.989 billion...
ASIC says more Hayne referrals warrant criminal action
27 February 2020
Another of the 13 misconduct cases referred to the corporate regulator by the Hayne royal commission has been earmarked for criminal action, as have two case studies...
Blue Zebra confirms five-year deal with Youi
26 February 2020
Underwriting agency Blue Zebra has signed an agreement with a new underwriter after Zurich announced earlier this year that it would cease providing security...
Insurance qualifications set for revamp
26 February 2020
Insurance certificates and diplomas are set for change under proposed updates that reflect Hayne royal commission reforms and wider industry transformation...
Steadfast gets a lift from IBNA, Kelly predicts longer rate upturn
26 February 2020
Steadfast remains bullish that earnings this financial year will come in at the top end of its forecast after a strong first-half performance, lifted in part by contributions from Insurance Brokers Network Australia and other acquisitions...
AUB earnings outlook rockets
25 February 2020
AUB has almost doubled its outlook for earnings growth this financial year after its MGA Whittles and BizCover acquisitions and says the deals will unlock further long-term potential within the group...
Negligence finding: brokerage faces big compensation bill
25 February 2020
A Gallagher-owned brokerage which failed to advise a client of a copyright infringement risk must compensate the business for the $250,000 in losses it suffered, the Federal Court of Australia has ruled...
Catastrophe recovery drives Johns Lyng's earnings jump
25 February 2020
Building services provider Johns Lyng today reported a sharp rise in first-half earnings, boosted by the strong pipeline of post-catastrophe recovery work stemming from last year’s Townsville floods and Sydney hailstorm...
4IR will change everything – if only we knew what it meant
21 February 2020
The fourth industrial revolution, also known as 4IR, will transform insurance and other industries, but most executives have at best a basic understanding of what the concept is about...
Ambulance applicant loses travel insurance dispute
21 February 2020
A father who took out travel insurance while his child was being taken to hospital by ambulance and an hour before their flight left for North America won’t have his claim paid...
Coronavirus risk 'outside standard BI cover'
21 February 2020
The SARS outbreak in 2003 contributed to policy changes that will make it difficult now for firms to make coronavirus-related business interruption claims...
AUB buys Bestmark as three-way merger sealed
20 February 2020
AUB Group has bought Bestmark Insurance Brokers from Principal Ian Garbutt and will merge the business with Comsure and Citycover to form Austbrokers’ largest Queensland brokerage...
PSC eyes opportunities as it posts strong first-half growth
20 February 2020
PSC Insurance Group is looking to expand into Asia after the business performed strongly in the December half, buoyed in part by acquisitions it has made over the past few months...
Marsh expands M&A risk services
20 February 2020
Marsh has expanded its private equity and mergers and acquisitions insurance services by forming a tax liability practice aimed at easing corporate clients' regulatory concerns...
10 million home policies throw up 15 risk solutions
19 February 2020
The Insurance Council of Australia is preparing to publish 15 proposals showing how reducing risk to homes from cyclone, flood and bushfire would result in lower insurance premiums...