Daily
IAG eyes more M&A moves for ‘sub-scale participants’
03 December 2024
IAG will consider further merger and acquisition opportunities following the $855 million RACQ insurance deal announced last week, CEO Nick Hawkins says...
Trowbridge backs Steadfast strata action, but flags commission sharing stalemate
03 December 2024
Steadfast today released an update on action taken on strata – and published a report from consultant John Trowbridge on the measures it has introduced...
General insurance products notch most complaints as internal dispute data revealed
03 December 2024
General insurance products chalked up the most complaints tracked by the financial services sector’s mandatory internal dispute resolution regime...
Suncorp calls in Duck Creek to replace legacy IT systems
03 December 2024
Duck Creek Technologies will steer a multi-year program to modernise systems at Suncorp and replace legacy equipment with cloud-based solutions...
Analysts unsure if IAG-RACQ deal will pass regulator
29 November 2024
The Australian Competition and Consumer Commission will take a close look at IAG’s proposed $855 million RACQ Insurance deal, with analysts warning it is not certain it will be allowed...
Ivory picks former PSC chief for top job
29 November 2024
Ivory Insurance has appointed David Hosking as chief executive...
Landlord wins dispute over break-in at empty home
29 November 2024
The complaints authority has told RAC Insurance it cannot decline a landlord’s break-in claim despite her failure to disclose the property was unoccupied...
AEI motors ahead with bus specialist acquisition
29 November 2024
AEI Insurance Group has acquired bus and coach industry specialist BusInsure as it strengthens its presence in the heavy motor sector...
IAG eyes Queensland growth with $855 million RACQ deal
28 November 2024
IAG says the RACQ Insurance acquisition, announced today, builds on its history with motoring organisations and will open the door to opportunities in the fast-growing Queensland market...
ICA strata action plan targets fee transparency
28 November 2024
The Insurance Council of Australia has pushed for full transparency and disclosure on strata commissions and fees as one of 17 recommendations made in a policy paper released today...
‘More work to do’ as icare reports loss
28 November 2024
The icare nominal insurer workers’ compensation scheme recorded a net loss of $1.877 billion last financial year, hit by an increasing number of psychological injuries...
Buyer denied theft payout over phantom car deal
28 November 2024
A motorist who claimed for the alleged theft of a car he bought from a private seller will not be covered after he could not show he owned the vehicle...
Senate inquiry calls for ACCC premium monitoring role
27 November 2024
The Australian Competition and Consumer Commission should monitor premiums and insurers need to provide greater pricing clarity, a Senate committee inquiry has recommended...
QBE ‘on track’ after positive nine months
27 November 2024
QBE says it has produced “encouraging” results this year, with group-wide renewal premium rate increases of 5.9% in the first nine months and gross written premium growth of 2%...
Suncorp control centre to aid ‘rapid deployment’ in disasters
27 November 2024
Suncorp has opened a high-tech facility that uses aerial imagery and AI-driven damage detection to help disaster response teams “virtually triage” customers...
INsight podcast: learnings from our cyber seminar
27 November 2024
Insights from our half-day cyber seminar are the main topic of discussion on the latest Insurance News podcast...
Court backs Chubb in D&O dispute over ‘bribery’ case
26 November 2024
Chubb has won a $4.5 million directors’ and officers’ claim dispute after a court found the former CEO of fleet hire company Orix failed to disclose knowledge of alleged bribes connected to customers...
Regulator cracks down on workers’ comp underinsurance
26 November 2024
NSW regulators have recovered more than $10 million in workers’ compensation premiums from 81 employers suspected of underdeclaring nearly $450 million in wages...
Laser battle ends in victory for customer
26 November 2024
A beauty salon owner has won her bid to be fully covered for a broken laser machine after her insurer applied an underinsurance clause and only partially covered the loss...
Campsite fined over deadly branch fall
26 November 2024
A Victorian caravan park has been fined $475,000 for failing to keep its workplace safe after a camper was killed by a falling tree branch...