Daily
Wellington taskforce calls for $NZ400,000 EQC cap
09 October 2019
A Wellington Insurance Taskforce recommends the Earthquake Commission cap be more than doubled to $NZ400,000 to address affordability and availability issues, in a proposal opposed by insurers...
'Worst in decades': broker slams NSW workers' comp scheme
08 October 2019
The NSW workers’ compensation scheme run by icare is “failing terribly” and hasn’t been in a worse position for more than 30 years, according to an insurance brokerage...
Treasury urged to review add-on reforms
08 October 2019
The Insurance Council of Australia and consumer advocates have suggested further consideration be given to Treasury’s planned reforms of the add-on insurance sales process...
Brokers must rise to regulatory challenge: NIBA
08 October 2019
The wave of regulatory change set to slam into the general insurance industry will be a key focus at the upcoming National Insurance Brokers Association Convention...
CommInsure faces criminal charges for hawking
04 October 2019
Bank-owned insurer CommInsure faces criminal charges for hawking insurance products as the Australian Securities and Investments Commission takes a tougher approach to misconduct...
PI crisis: calls for national cladding fix ignored
04 October 2019
Building surveyors’ calls for a co-ordinated response to fix the cladding problem have fallen on deaf ears as Federal Industry Minister Karen Andrews maintained the matter would be handled by the states and territories...
High Court to deliver key class action funding decision
04 October 2019
An imminent High Court decision on the way litigation funding is initiated and revenue collected will have major implications for the conduct of class actions, according to a leading lawyer...
NSW consults on building reform bill
03 October 2019
The NSW Government has released for consultation its draft Design and Building Practitioners Bill, as part of plans to implement reform proposals and rebuild confidence in the construction industry...
APRA names executive director to oversee insurance
03 October 2019
The Australian Prudential Regulation Authority has appointed Brandon Khoo to the newly created role of Executive Director, Insurance as part of a restructure that will sharpen industry supervision and increase the focus on culture and emerging risks...
Fire, heatwave risk rises as weather conditions worsen
03 October 2019
The Bureau of Meteorology says damaging fires and deadly heatwaves could strike early this year as weather systems combine to create tinderbox conditions...
GT Insurance names new CEO
02 October 2019
Allianz subsidiary GT Insurance has announced Deputy CEO Tony Dodd will take on the CEO role in January after MD Glenn Lambert retires at the end of the year...
ASIC consults on add-on reforms
02 October 2019
The Australian Securities and Investments Commission has released a consultation paper outlining its product intervention power enforcement plan for add-on insurance cover sold by car dealers...
Chubb appoints claims head
02 October 2019
Chubb has appointed Simon Priebbenow as Head of Claims, Australia and New Zealand...
PI crisis worsens as surveyors urge governments to act
01 October 2019
The Australian Institute of Building Surveyors has hit out at governments over slow progress in tackling the professional indemnity insurance crisis...
Suncorp sells crash repair, auto parts businesses
01 October 2019
Suncorp has sold its Capital Smart crash repair and ACM Parts businesses to AMA Group following a strategic review, with the deal valuing the combined businesses at $440 million...
Munich Re to launch Lloyd's first 'syndicate-in-a-box'
01 October 2019
Munich Re will launch the first Lloyd’s “syndicate-in-a-box” and the market will next year start testing an electronic risk exchange for less complex covers as part of a major transformation program...
All on board: Steadfast completes IBNA takeover
27 September 2019
Steadfast says all Insurance Brokers Network Australia (IBNA) shareholders have accepted its takeover offer, paving the way for a significant boost to its operations...
Lloyd’s stung into action by ‘ugly’ scale of sexual harassment
27 September 2019
Lloyd’s has vowed to clean up its act after a workplace survey has revealed what CEO John Neal says are “ugly” levels of inappropriate conduct aimed at women employees...
EQC inquiry hears of “deep mistrust”
27 September 2019
Many New Zealanders who have made claims after a catastrophe feel a “deep mistrust” of the Earthquake Commission, private insurers and the building industry...
Bank pays 50% for homeowner who failed to buy insurance
26 September 2019
A determination by the Australian Financial Complaints Authority (AFCA) has forced a bank to pay half the losses suffered by a homeowner who failed to put insurance in place before a fire...