Daily
Low premium volumes to hit NZ insurers as recession bites
02 October 2020
A COVID-19 induced recession would see a reduction in insurance premiums in New Zealand as customers in financial hardship reduce costs, hitting personal lines and commercial SME classes the hardest, actuary Taylor Fry says...
Allianz recruits Townsend to replace retiring Peiris
01 October 2020
Allianz has appointed Chris Townsend to the Board of Management in charge of Global Insurance Lines, taking over the role from Niran Peiris who is retiring on December 31 after more than 20 years with the insurer...
NIBA names Young Broker of the Year regional winners
01 October 2020
The National Insurance Brokers Association has announced the five regional Young Broker of the Year award winners at a virtual ceremony today...
Insurer forced to write off $88,500 car driven into flood
01 October 2020
Suncorp has been told to pay the full agreed value of a Ford Ranger Raptor that was damaged after being partially submerged in flood waters last year...
360 names new commercial executive director
01 October 2020
360 Underwriting Solutions has announced Paul Riordan has started today as Executive Director of the 360 Commercial business...
ASIC launches court action against Allianz
30 September 2020
The Australian Securities and Investments Commission (ASIC) has today started civil penalty proceedings in the Federal Court against Allianz Australia and AWP Australia for the alleged misleading sale of travel insurance, sold through three websites run by Expedia...
Club Marine names new CEO
30 September 2020
Melbourne-based recreational boat insurer Club Marine has appointed Karen Te Maipi as CEO, taking over from Simon McLean who has a new role as GM Automotive and Marine at parent company Allianz...
ICNZ sees no need for BI test case
30 September 2020
The Insurance Council of New Zealand says clear disease exclusions in business interruption policies suggest there is no need in that country for the type of legal test case that has been pursued in the UK, where the High Court this month ruled in favour of policyholders on some wordings...
CEO fails on first class flights insurance claim after robbery
30 September 2020
A Brisbane man who was robbed while visiting Las Vegas and sought almost $16,000 for the cost of subsequent business and first class flights has lost a claim dispute with his travel insurer, receiving just $1251 for the travel...
Claimant wins motor dispute despite breaching alcohol limit
29 September 2020
The Australian Financial Complaints Authority has ruled against Hollard in a dispute involving a NSW customer whose claim for vehicle damage was denied because he failed an alcohol breath test that was taken right after an accident...
NIBA names Broker of the Year regional winners
29 September 2020
The National Insurance Brokers Association (NIBA) has announced the five regional Broker of the Year award winners at a virtual ceremony today...
Flood risk rises as La Nina becomes 'active event'
29 September 2020
The Bureau of Meteorology has today declared Australia’s first active La Nina since the flood-causing event a decade ago triggered one of the wettest two-year periods for the country on record...
UK regulator files 'precautionary' BI test case appeal
29 September 2020
The Financial Conduct Authority says it has filed a “leapfrog” application to appeal to the Supreme Court on aspects of the business interruption test case judgment...
Insurers reject casino's allegations in BI lawsuit
25 September 2020
Chubb and other insurers have rejected the allegations made in a business interruption lawsuit filed by The Star Entertainment Group in August...
AUB seeks Altius buyers: report
25 September 2020
AUB Group is reportedly moving ahead with plans to sell its Altius rehabilitation and health business, after flagging at the recent results briefing that it would be exploring options regarding its majority holding...
Local D&O market 'hardest ever witnessed'
25 September 2020
The market for Directors' & Officers' insurance in Australia is experiencing the hardest conditions ever seen and is likely to become even more restrictive in coming years as insurers rein in capacity and coverage, a report released today says...
Surfer who put car keys in towbar safe loses claim dispute
25 September 2020
A surfer who left his car keys in a “Surf Lock” safe attached to his towbar, then entered a pin code and hit the waves, has lost a $12,000 claim dispute after the Volvo wagon was missing from the beach carpark on his return...
Back to office plans pose diversity challenges
24 September 2020
Companies returning workforces to offices as the coronavirus outbreak eases will need to ensure the plans and processes do not unfairly disadvantage some staff, EY Oceania People Partner Kate Hillman says...
icare changes reporting after SIRA pressure
24 September 2020
NSW state insurer icare has changed the way it reports return-to-work outcomes, moving away from a previous measure that the regulator has criticised for potentially driving “perverse behaviours”...
'Known event' exclusion no good for COVID-hit Bali trip
24 September 2020
An insurer has lost a claim dispute after relying on a policy exclusion that its customer would reasonably have been aware of COVID-19 when she purchased insurance in February for a winter break in Bali...