Daily
Virus puts consumer heat on insurers
08 July 2020
The COVID-19 virus has put insurers in the spotlight, and retention of customers and the need to meet higher service expectations will be a challenge going forward, a KPMG survey of 1500 consumers found...
Brokerage chairman sues A Current Affair
07 July 2020
Chairman of Sydney-based GSA Insurance Brokers and former Liberal Party leader John Hewson is suing Channel 9 for damages over an episode of A Current Affair which he says was defamatory and inaccurate...
McLardy McShane scales up presence
07 July 2020
Melbourne-based insurance group McLardy McShane has announced a new acquisition and joint venture deals, further expanding its business nationally...
QBE to exit India with sale of joint venture
07 July 2020
QBE has agreed to sell its insurance joint venture in India, as the insurer continues to “simplify” its business model as part of the revamp plan introduced by Group CEO Pat Regan, when he formally took charge in January 2018...
CIA acquires Wilkinson Insurance Brokers
07 July 2020
Consolidated Insurance Agencies has announced the acquisition of Victorian brokerage Wilkinson Insurance Brokers...
Lloyd’s promotes virus, black swan plans
03 July 2020
Lloyd’s has distributed suggested models for covering COVID-19 risks and future black swan events to Australian insurers and governments as part of a global initiative to drive solutions...
Bushfire-hit insurers ‘pulling plug on energy assets’
03 July 2020
Energy companies are struggling to afford insurance for their infrastructure after a jump in premiums since the recent bushfires, according to Energy Networks Australia...
Reckless: jailed driver’s mum loses crash claim
03 July 2020
A woman has lost a claim dispute with her insurer after her son drove her car while under the influence of drugs and collided with a motorcycle, seriously injuring both the people on the bike...
Vero offers SME business recovery grants
03 July 2020
Vero is offering grants totalling $250,000 to help its SME customers recover from the business impacts of the COVID-19 pandemic...
Travel insurance dominates virus-related complaints
02 July 2020
Travel insurance has the highest number of disputes linked to the novel coronavirus, accounting for more than 82% of cases lodged against the general insurance industry since the pandemic was declared in March...
Liberty Mutual responds to new coal controversy
02 July 2020
US insurer Liberty Mutual is embroiled in a new coal row, this time over its plans to push ahead with the development of a Queensland coal mine that it wholly owns through subsidiary Liberty Metals and Mining Holdings...
Adroit wins animal skins underinsurance dispute
02 July 2020
Adroit Insurance & Risk has won a dispute over the amount paid for animal skins damaged by water after the claim total was reduced due to underinsurance clauses...
Queensland agency adds strata 'to fill vacuum'
02 July 2020
Queensland-focused underwriting agency Sure Insurance has this month started offering residential strata insurance, in addition to home insurance which has been available since it started business in the middle of last year...
Insurance execs appointed as part of wider Suncorp overhaul
01 July 2020
Suncorp has reorganised its operations and business structure and announced the departure of CEO Insurance Gary Dransfield as it moves to improve performance and accelerate the group’s digital and data transformation...
Suncorp says BI intent clear ahead of test case
01 July 2020
Suncorp says it is confident it will not be significantly affected by a proposed industry test case on business interruption policy wordings that is expected to go to court next month...
Could NSW tax report be final nail in ESL coffin?
01 July 2020
A major report on NSW taxation reform has called for the end of all state insurance taxes – including the highly controversial Emergency Services Levy...
Huddle founders launch platform to help brokers get personal
01 July 2020
The founders of Hollard-backed insurtech Huddle Insurance have today launched a new digital broker platform, offering tools aimed at making it easier for intermediaries to sell car, home and travel insurance products...
Industry shoots down calls for national insurance monitor
30 June 2020
The Insurance Council of Australia has rejected calls from consumer advocates for a national pricing watchdog to stop insurers from overcharging customers...
Code committee responds to 'influx' of significant breaches
30 June 2020
The General Insurance Code Governance Committee has today published a guidance note in response to an “influx of significant breach matters”...
Farm coal seam gas liability worries spark talks
30 June 2020
The petroleum industry and agricultural groups are working with the Insurance Council of Australia to resolve issues around liability cover for farmers hosting coal seam gas production...