NIBA names SA/NT broker award winners
23 July 2021
Ceduna-based Karen Skinner and Adelaide-based Patrick McCole were today crowned the 2021 SA/NT National Insurance Brokers Association award winners during a virtual ceremony...
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'Wintry blast' warning as rain-inducing weather system confirmed
23 July 2021
A “wintry blast” is forecast to hit south-eastern Australia this weekend, while the Bureau of Meteorology also announced the development of a negative Indian Ocean Dipole, which could bring further heavy rain in the coming months...
Allianz told to up earthquake damage offer in claim dispute
23 July 2021
A claim dispute hearing has determined Allianz must triple its offer to WA-based homeowners who were struck by an earthquake almost three years ago...
Court backs QBE on Opal Tower appeal
22 July 2021
A Federal Full Court judgment has found a Liberty Mutual liability policy provides cover for the builder of Sydney’s Opal Tower, while ruling in favour of QBE on a separate claim related to the troubled project...
Steadfast takes majority stake in NT broker
22 July 2021
Steadfast Group has made its first equity acquisition in the NT, taking a majority stake in Darwin-based AFA Insurance Brokers, the listed broking network announced in a statement today...
Insurer wins dispute after declining relative cover for UK mother
22 July 2021
A NSW man who said a QBE travel policy restricting cover for relatives to those living within Australia and New Zealand was discriminatory, did not reflect the nation’s diversity and was a “human rights issue” has lost a claim dispute...
Germany's first floods loss estimate nears $8 billion
22 July 2021
The first estimate of some of the damage from the deadly rain and floods in Germany this month puts insured losses near €5 billion ($8 billion)...
Hawking reforms guidance released for feedback
21 July 2021
The Australian Securities and Investments Commission is seeking feedback on regulatory guidance that will apply to anti-hawking laws due to take effect from October...
Envest acquires stake in Perth brokerage
21 July 2021
Private insurance investment group Envest has taken a “meaningful” stake in Grange Insurance Solutions, a Perth-based broker, the business announced today...
Motorcyclist sent too-late non-renewal notice wins dispute
21 July 2021
A woman issued a non-renewal notice by RACQ only six days before her motorcycle policy expired has won a dispute after she tried to claim for an accident but was told she had no cover...
INsight podcast: APRA talks tough on BI 'deficiencies'
21 July 2021
The review of insurers' risk management frameworks demanded by the Australian Prudential Regulation Authority is the main talking point on this week's Insurance News podcast...
IAG to exit Malaysian joint venture
20 July 2021
IAG will exit its Malaysian insurance joint venture and receive sale proceeds of around $340 million under a proposed deal expected to be completed this financial year, as the insurer completes its retreat from Asia...
Urgent repairs permitted during Sydney lockdown: ICA
20 July 2021
The Insurance Council of Australia says urgent building repair works can continue during the current Sydney lockdown, following confirmation from the NSW Government that such activities are permitted under its new Public Health Order...
Insurers outline support measures as lockdown pain continues
20 July 2021
Australia’s major insurers say they have in place a range of support measures, including temporary premium relief plans, for customers who have been financially affected by the latest COVID lockdowns and restrictions...
Couple caught out by non-disclosure on renewal
20 July 2021
A couple who say they made an “honest mistake” by not updating information when their car insurance policy renewed have lost a claim dispute...
New conduct regime draft laws released
16 July 2021
The Federal Government has released draft laws that will extend a strengthened banking executive accountability regime to insurers, in line with Hayne royal commission recommendations aimed at improving corporate culture and conduct...
NIBA names NSW/ACT broker award winners
16 July 2021
Marsh’s Craig Claughton and Markey Insurance & Risk’s Megan Farmer were today crowned the 2021 NSW/ACT National Insurance Brokers Association award winners...
IAG pledges support for locked-down customers
16 July 2021
IAG today reaffirmed support measures for struggling customers hit by COVID-19 restrictions in Victoria and NSW...
Woman 'pursued' by US hospital debt collectors loses claim dispute
16 July 2021
A woman seeking almost $100,000 from Lloyd’s after she argued a US hospital had a debt recovery company pursue her for medical expenses has lost a claim dispute...
Court backs Chubb over All Class theft claim
15 July 2021
The Federal Court has ruled Chubb does not have to cover a $2 million employee theft claim made after client trust account funds were misused in an apparent attempt to keep afloat failing brokerage All Class...