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NIBA names Queensland broker award winners

14 July 2021

Two members of the team at Sunshine Coast brokerage Crucial Insurance and Risk Advisors were today crowned Queensland’s 2021 National Insurance Brokers Association award winners...

ASIC obtains freezing orders against brokerage

13 July 2021

The Australian Securities and Investments Commission has obtained urgent interim orders in the Federal Court against Alliance Insurance Broking Services and its sole director Renato De Maria...

Cyclone Seroja losses top $400 million: Perils

13 July 2021

Cyclone Seroja, which attracted widespread attention when it crossed the WA coastline unusually far south, has caused insured losses estimated at $434 million, catastrophe data company Perils says...

Broker's job to read '100-pages' for client: AFCA

13 July 2021

The Australian Financial Complaints Authority has upheld a decision by Allianz to reject a farm pack customer’s claim for loss of hay in a fire incident last year, ruling he had not included the site where the blaze occurred in the policy contract...

Former RAA head joins The Bridge

13 July 2021

Former RAA Insurance CEO and previous Insurance Council of Australia board member David Russell has joined consultancy The Bridge International, offering executive coaching and mentoring...

NSW building-rating tool aims at insurer confidence

09 July 2021

The NSW Government plans to develop a risk-rating tool for new residential buildings as part of the state’s ongoing efforts to reform the troubled construction industry and restore insurers’ confidence...

Sentimental value declined in statue dispute

09 July 2021

A policyholder has lost a complaint over the sum offered for storm-damaged ornaments and statues made by her late husband after it was determined the insurer’s proposed settlement was fair and it was not required to take sentimental value into account...

Federal Court sets second BI test case hearing dates

08 July 2021

The Federal Court will next month start hearing the Insurance Council of Australia (ICA) second test case on business interruption cover related to COVID-19, and has joined a separate QBE matter into the proceedings...

Extreme weather events exposing failings: report

07 July 2021

A Financial Rights Legal Centre report has detailed the leading five insurance problems faced by consumers following the Black Summer bushfires catastrophe and seven other recent extreme weather events up until April this year...

‘Unpredictable’ cyclone aftermaths key for pool

07 July 2021

Devastating unpredictable later impacts from events such as Cyclone Debbie must be considered in the design of the Federal Government’s proposed reinsurance pool, an economic development group says...

Climate driver points to wet winter, spring

07 July 2021

The Bureau of Meteorology says an Indian Ocean climate driver that brings rain to parts of southern Australia is set to develop this year  and may already have been responsible for some recent wetter weather..

Landlord told most damage not covered in claim dispute

07 July 2021

Suncorp has been found liable for cracked windows, wall holes and missing door knobs, but within its rights to decline cover for a long list of other property damage during a claim dispute with a landlord...

Westpac sells NZ life business

06 July 2021

Westpac has agreed to sell its New Zealand life insurance arm for $NZ400 million ($374 million) to Fidelity Life Assurance Company, the bank announced today in a statement...

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