Daily
Class action reform pressures rise as cases soar
31 October 2019
Federal Government Attorney-General Christian Porter is continuing to consider class action reforms as the Australian Industry Group warns increased activity by litigation funders and an explosion in cases presents a “clear and present danger” to the fragile economy...
Suncorp to launch app-based 'mobility' transport cover
31 October 2019
Suncorp is set to roll out an app-powered “mobility insurance” product designed to meet the evolving transportation needs of consumers...
Not for sale: Insurance House blasts buyout bid
30 October 2019
Privately owned national brokerage Insurance House has shut down market speculation on its future, saying efforts to force a sale are not credible...
Qantas flies into car insurance with points lure
30 October 2019
Qantas has entered the car insurance market with policies underwritten by Auto & General and plans to expand into home cover next year as it leverages the appeal of its frequent flyer program...
West takes interim CEO role as Genworth logs 'solid' results
30 October 2019
Genworth Mortgage Insurance Australia announced today a 28.1% rise in third quarter net profit to $25.1 million, taking its overall earnings in the first nine months of the year to $113.2 million...
Court ruling on advice 'could affect brokers'
29 October 2019
A Federal Court decision that found Westpac subsidiaries had breached their licences by offering personal advice to customers may have implications for insurance brokers...
NIBA examines code compliance criticism
29 October 2019
The National Insurance Brokers Association will examine the findings of an independent review that is critical of possible lax approaches to compliance by some firms bound by the code of practice...
Victoria acts on 'phoenix' builders
29 October 2019
The Victorian Government today introduced a bill in Parliament that aims to weed out a common tactic used by unscrupulous builders to escape sanctions for shoddy works...
NSW's insurance Monitor costs taxpayers $11 million
25 October 2019
The NSW Emergency Services Levy Monitor has cost taxpayers almost $11 million since it was established in 2016, insuranceNEWS.com.au can reveal...
Hazards and construction ‘will boost NZ insurance market’
25 October 2019
New Zealand’s high susceptibility to natural hazards and a spending boom in residential and infrastructure construction will force the country’s general insurance market to grow significantly over the next few years...
Vero names risk management winners
25 October 2019
AKD Softwoods and Collins Foods have each won the Vero RM Advancer award for excellence in workers’ compensation and liability risk management...
Extreme hotspots: Queensland most exposed to climate change fallout
24 October 2019
Six local government areas in Queensland top the list of the 10 zones in Australia most vulnerable to destructive weather events linked to climate change...
Townsville meetings called as thousands of claims remain open
24 October 2019
The Insurance Council of Australia will host consultations in Townsville next month for policyholders who have not yet finalised claims following the devastating February floods...
Suncorp gives $20,000 to boost bushfire battlers
24 October 2019
Suncorp has donated $20,000 to strengthen the bushfire-fighting resources of emergency crews in NSW and Queensland...
ICA, climate analyst trade barbs over 'uninsurable' claims
23 October 2019
The Insurance Council of Australia today reacted angrily to fresh warnings that climate change-fuelled extreme weather events will make hundreds of thousands of properties too risky to insure...
Dual fraud 'warning to others'
23 October 2019
The $17 million fraud carried out by a former Dual Australia claims manager and her husband should spur other firms to review and improve control processes, an expert has said...
China, India offer 'wild ride' opportunities for insurers
23 October 2019
China and India and other emerging economies offer “wild ride” opportunities for insurers as growth in mature markets such as Australia stagnates, law firm Sparke Helmore says...
No relief for loss-making financial lines
22 October 2019
The troubled financial lines segment is likely to continue to struggle, dogged mainly by high losses linked to the worsening class action environment, Finity says today in its annual state of the industry assessment...
Report raises hopes for insurance tax reform
22 October 2019
A review of NSW state funding has resurrected industry hopes for the abolition of inefficient insurance taxes...
Vero risk tool promotes brokers as trusted advisers
22 October 2019
Vero says a Risk Profiler tool it has launched will help brokers assist their clients and contribute to building stronger relationships with SMEs as trusted advisers...