Daily
IAG raids CBA for people head
31 July 2019
IAG today announced Christine Stasi as its incoming Group Executive of People, Performance and Reputation...
Forcing the issue: ACCC calls for compulsory comparator
30 July 2019
The Australian Competition and Consumer Commission says insurers should be forced to participate in a home insurance comparison website to push down premium prices in the north...
Sportscover owner goes into administration
30 July 2019
Sportscover Australia’s parent company, Wild Goose Holdings, has gone into voluntary administration – but the specialist underwriting agency’s operations will not be affected...
Treasury consults on unfair contract terms proposals
30 July 2019
The Morrison Government today released for consultation its draft legislation to apply unfair contract terms laws to insurance contracts, fulfilling the promise it made in February to carry out the reforms as proposed by the Hayne royal commission...
Insurers may face parliamentary scrutiny
26 July 2019
Insurers could be swept up in a parliamentary committee review process that currently focuses on the big four Australian banks...
No relief on drought as bushfire fears grow
26 July 2019
Weather patterns could cause an early start to the southern bushfire season while current trends suggest no relief is in store for drought-affected areas, a Bureau of Meteorology outlook says...
NIBA names full suite of winning brokers
26 July 2019
NIBA has today finalised the full set of state winners for its broker of the year and young professional broker awards...
Loss assessor AAMC hit by cyber breach
25 July 2019
Motor loss assessing firm AAMC has alerted insurers after an unauthorised cyber breach affected part of its systems...
Shareholders pressure Suncorp to act on fossil fuels
25 July 2019
Environmental campaign group Market Forces has submitted a resolution on behalf of more than 100 Suncorp shareholders, demanding the insurer cuts its ties with fossil fuels...
PSC swoops for Lloyd's brokerage
25 July 2019
PSC Insurance Group has agreed to buy London-based Lloyd’s broker Paragon International for a base consideration of £42 million ($75.2 million), the listed brokerage announced today...
Challengers threaten big insurers’ SME stranglehold
24 July 2019
The market dominance of IAG, Suncorp and QBE in the lucrative SME space is under threat from the potential entry of new insurers over the next two years, a new Macquarie Research report says...
UK insurtech incubator set to move into Australia
24 July 2019
London-based Insurtech Gateway, an accelerator for insurance-focused digital start-ups, has announced plans to launch in Australia...
Talk before you intervene: ICA calls for regulator to check first
24 July 2019
The Insurance Council of Australia has called for the regulator to carry out confidential checks with firms before it publicly announces planned interventions over any products it believes will cause consumer harm...
Steadfast merges three SA brokers
23 July 2019
Steadfast is combining three well-known SA brokerage names into a new business, as the network continues to encourage regional mergers...
PI crisis continues despite reform pledge, surveyors warn
23 July 2019
The Australian Institute of Building Surveyors says ministers have failed to address the immediate professional indemnity insurance crisis, focusing instead on long-term reform...
Insurers renew push for no-fault CTP scheme
23 July 2019
A no-fault compulsory third party (CTP) scheme is what Queensland needs if the state is to put a stop to the widespread practice of “claim farming”, a parliamentary committee has heard...
Gallagher-SRS lawsuit settled out of court
19 July 2019
The legal dispute between six former owners of the SRS underwriting agency and major broker Gallagher has been settled out of court...
QBE takes $85 million hit from UK rate change
19 July 2019
QBE has warned a smaller-than-expected change in the interest rate used in UK personal injury calculations will have a $US60 million ($85 million) impact on claims liabilities...
Property, liability rates on the rise
19 July 2019
Catastrophe-exposed property premiums in Australia are rising 10-20% while general liability rates are also increasing strongly in some parts of the market, Willis Towers Watson’s July update says...
Building crisis: ICA calls for end to ‘blame game’
18 July 2019
The Insurance Council of Australia has today called for swift further action to restore confidence in the troubled building industry, after federal and state ministers pledged to work together to deal with the professional indemnity insurance impasse...