27 July 2021
Creating an essential services regime requiring underwriters to cover certain businesses could have adverse ramifications, Insurance Council of Australia CEO Andrew Hall has told a Parliamentary committee inquiry that’s looking at problems facing the coal industry...
27 July 2021
Allianz Partners Australia announced today Christopher McHugh will join the business as CEO on August 2, taking over from Miranda Fennell who has held the role on an interim basis...
27 July 2021
An IAG customer who challenged the insurer’s decision to decline her claim for damage to her houseboat after it sank during a storm has lost her dispute before the Australian Financial Complaints Authority...
23 July 2021
IAG has reported a $427 million full-year loss based on preliminary figures, with provisions hitting the bottom line, and the insurer flagging claim cost impacts in liability classes...
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...
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...
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...
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...
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...
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...
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)...
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...
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...
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...
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...
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...
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...
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...
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...
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...