Daily
Love panic: claimant loses dispute over missed flight
03 April 2020
A travel insurance policyholder who suffered a “panic attack” just before boarding a flight to see his lover in the UK has lost an appeal to have his claim accepted...
Poll backs IAG’s SME support strategy, as ACCC approves industry plan
02 April 2020
A significant majority of respondents to an insuranceNEWS.com.au poll say brokers should be willing to postpone commission payments in order to help struggling clients survive the COVID-19 crisis...
QBE suspends LMI sales to borrowers from ‘virus-affected sectors’
02 April 2020
QBE has stopped providing lenders’ mortgage insurance to residential loan borrowers who work in industries that have been affected severely by the coronavirus outbreak...
UK insurers eye reinsurance pools for future pandemics
02 April 2020
The Association of British Insurers has pointed to New Zealand’s Earthquake Commission and the UK’s Flood Re as it urges governments and the industry to find solutions for protecting against future pandemic risks...
Insurers, brokers make their case for ESL reform in NSW
02 April 2020
Insurers and brokers have again called on the NSW Government to scrap the Emergency Services Levy, describing the reform as critical to post-disaster recovery and rebuilding efforts...
IAG initiative: brokers divided over their role
01 April 2020
Brokers are divided over IAG’s decision to defer premium payments for up to six months for small businesses experiencing financial hardship in the coronavirus crisis...
NIBA cancels Melbourne convention
01 April 2020
The National Insurance Brokers Association has cancelled its annual convention scheduled for Melbourne in October due to the coronavirus outbreak...
Collision with kangaroos leaves motor claimant out of pocket
01 April 2020
A travelling musician whose car was damaged in a collision with kangaroos has failed in his bid to have his insurer compensate him for the losses...
Summer east coast low in top three: Perils
01 April 2020
Swiss catastrophe data company Perils says February storms and floods have caused the third-largest Australian east coast low insurance losses in three decades...
Brokers ‘left high and dry’ by IAG announcement
31 March 2020
General insurance brokers say they fear for their future after IAG’s decision to announce a series of measures to assist coronavirus-impacted small businesses...
QBE trade credit move sparks anger
31 March 2020
QBE has halted trade credit protection for high-risk policies under a certain limit and made changes at higher levels in response to the coronavirus pandemic, taking affected businesses by surprise...
Travel insurance customers lodge 15,000 coronavirus claims
31 March 2020
Insurers have received up to 15,000 travel insurance claims related to the COVID-19 outbreak – but many won’t be paid...
Building guidelines enable catastrophe repairs to continue: ICA
31 March 2020
Ongoing repairs and rebuilding of insured properties will be carried out according to new coronavirus safety guidelines set by the housing industry, the Insurance Council of Australia says...
Industry-wide crisis measures ‘being examined’ as IAG charges ahead
27 March 2020
Political pressure on the insurance industry to unveil support measures similar to those the banks have devised for coronavirus-hit customers is misguided, industry insiders have said...
Lloyd’s returns to profit, 'confident' on virus response
27 March 2020
Lloyd’s has returned to profit after two straight years of losses and says it is in a strong position to respond to coronavirus pandemic impacts...
Insurance interrupted: ICA warns customers to expect delays
27 March 2020
Insurers are committed to helping their customers through the COVID-19 pandemic but government measures aimed at stalling the spread of the disease are having a dramatic impact on the operations of many businesses, including insurance firms...
Virus outbreak creates an AGM issue
27 March 2020
QBE is weighing up available options for its AGM, which is currently slated for May 7, in light of evolving health and government advice related to the COVID-19 pandemic...
ANZIIF cancels insurance industry awards
26 March 2020
The Australian and New Zealand Institute of Insurance and Finance has cancelled its industry awards for this year due to the unforeseeable impact of the coronavirus epidemic...
‘Falling fast’: virus hits SME insurance demand
26 March 2020
SME insurance specialist BizCover has released statistics to show the dramatic impact the COVID-19 outbreak and associated containment measures have already had on demand for small business insurance...
Pandemic disruption hands double blow to life insurers
26 March 2020
Australia’s struggling life industry has been dealt another blow as the coronavirus pandemic wreaks havoc on the global financial markets, according to S&P Global Ratings...