24 September 2021
IAG had the right to cancel a public liability and property insurance policy arranged by a broker when it did not receive the premium for the coverage period, the Australian Financial Complaints Authority has ruled...
24 September 2021
The NSW State Insurance Regulatory Authority is looking at options to improve legal support and assistance for people injured in motor accidents after a review found some claimants may need more help navigating the scheme following reforms...
24 September 2021
Suncorp insurance brand AAMI has reminded footy fans to be careful if they fire up the BBQ this weekend, with 10% of BBQ-related claims lodged in September...
23 September 2021
Insurers have received 1700 claims from multiple states a day after Victoria’s largest earthquake on record, but only a handful of significant structural claims have been lodged so far, the Insurance Council of Australia says, and insurers do not expect to incur major costs...
23 September 2021
Suncorp Group CEO and MD Steve Johnston has urged state and federal governments to agree on a national approach for the industry to respond to natural disasters ahead of the looming peak hazard season...
23 September 2021
Australian businesses face an urgent financial imperative to address mental health and other people risks, with premiums in related lines rising and the pandemic increasing stresses, Mercer Marsh Benefits says...
23 September 2021
The Insurance Council of Australia is warning Queensland residents to watch out for “disaster chasers” eleven months after last year's Halloween hailstorm...
22 September 2021
Insurers have already received a small number of claims after one of the largest earthquakes on record to hit eastern Australia struck today, causing damage to buildings but no reported serious injuries...
22 September 2021
General insurance intermediaries placed about $14.1 billion in premium in the six months to June 30, up from almost $12.5 billion a year earlier, according to a bi-annual update from the Australian Prudential Regulation Authority...
22 September 2021
Aon MD for Specialties Jennifer Richards will become CEO Australia on October 1, replacing James Baum who is taking up a new role in London as UK Head of Commercial Risk on the same date...
22 September 2021
The Insurance Council of Australia's new Business Advisory Council is the main focus on the latest Insurance News podcast, as the industry looks to address premium affordability challenges...
21 September 2021
IAG Chief Risk Officer David Watts has resigned to take up a similar role with Bank of Queensland early next year...
21 September 2021
A policyholder in the real estate sector whose professional indemnity policy did not provide cover for an $18,000 fine related to lodgement of bonds has lost a complaint against broker Aon Risk Services Australia...
21 September 2021
The Dive In festival for diversity and inclusion in insurance got underway today with a discussion on “intersectionality” – the principle that different aspects of a person’s identity can expose them to overlapping forms of discrimination...
21 September 2021
New research from QBE Insurance has revealed the risk of water-related damage incidents is high even as many are working from home because of COVID-19 lockdowns, reinforcing the need to conduct regular maintenance and checks...
17 September 2021
The chances of a flood-inducing La Nina weather system forming this year have risen, just six months after the last such event came to an end...
17 September 2021
Two class actions against Allianz Australia over add-on insurance sold through car dealerships are set to be combined following a Victorian Supreme Court decision this week...
17 September 2021
Jarrod Hill has taken up the role of IAG Intermediated Insurance Australia Group Executive, tasked with improving the performance of the division...
17 September 2021
RAA Insurance has successfully argued that its policy term "civil commotion" refers only to something similar to a riot, and not to COVID-19 as a landlord customer insisted during a claim dispute hearing...
16 September 2021
Vero has won the Gold Mansfield Award for overall excellence in claims handling for a second straight year...