Daily
Australia’s biodiversity more fragile than peers: Swiss Re
24 September 2020
Australia has the second most fragile biodiversity among G20 economies, Swiss Re says, underscoring the risk of ecosystem collapse that major economies are exposed to...
Finity sets out pandemic cover options
23 September 2020
Consulting firm Finity has set out possible frameworks for covering pandemic risks that are beyond the scope of the private sector in a paper commissioned by the Insurance Council of Australia...
Insurance disputes top 15,000, travel dominates COVID complaints
23 September 2020
General insurers had the second highest number of complaints lodged against them in the last financial year, while travel insurance topped the list of COVID-19 disputes by financial product type, data released today shows...
FCA set to ban insurance 'loyalty penalties'
23 September 2020
Insurers would be banned from pricing practices that disadvantage renewal customers compared to first-time purchasers under changes proposed by the UK Financial Conduct Authority...
COVID 'has negative impact' on inclusive workplaces
23 September 2020
The coronavirus pandemic has caused the number of insurance industry professionals who see their workplace as inclusive to plummet, the Dive In Festival heard today...
Tough times ahead: Taylor Fry issues pandemic warning
22 September 2020
The COVID-19 pandemic will likely cause “adverse effects” in most insurance lines due to unprecedented disruption and uncertainty, Taylor Fry warned today...
Pandemic adds urgency to diversity and inclusion
22 September 2020
New research from Dive In, the global festival for diversity and inclusion in insurance that launched today, shows the vast majority of participants believe COVID-19 has shown a “greater need” for action...
AFCA approves IAG 75% premium hike
22 September 2020
A NSW homeowner who filed a complaint against IAG, alleging the insurer unfairly raised his property insurance premium by about 75% when the policy was up for renewal this year, has lost his dispute...
McLardy McShane flags upbeat outlook, names award winners
22 September 2020
Melbourne-based insurance group McLardy McShane has forecast another strong year ahead for the business, buoyed by its 2019/20 performance...
COVID recession 'will spark fraudulent claims'
18 September 2020
Insurance fraud will worsen in the coming months as the coronavirus recession bites deeper, industry watchers say...
Former AFL player has $1.4 million concussion claim paid
18 September 2020
Ex-AFL player Shaun Smith has been paid a $1.4 million total and permanent disability insurance claim by MLC Life...
COVID not slowing pet premium growth: insurer
18 September 2020
Hollard-owned PetSure says most of its brands have achieved double-digit growth in both policy numbers and gross written premium in the past six months, countering analyst predictions that the market will slow as consumers look to save money...
Woman wins $50,000 payout for ring lost on outdoor deck
18 September 2020
A homeowner who lost her engagement ring after falling through her deck has been awarded $50,000 for the jewellery in a claim dispute hearing...
FSU warns Suncorp over job cuts consultation
17 September 2020
The Finance Sector Union is threatening to file a dispute with the Fair Work Commission over consultation on the axing of 550 roles at Suncorp...
COVID deaths may be higher than official toll: actuaries
17 September 2020
Australia’s actual coronavirus death toll from the first wave of the pandemic may be higher than official figures, according to a new paper from the Actuaries Institute...
McLardy McShane South East expands
17 September 2020
Specialist divisions in manufacturing and technology have been added to McLardy McShane South East’s Victoria broking operation as it bolsters its presence in those industries...
Overflowing bath claimant wins partial payout
17 September 2020
A man whose bathwater overflowed, causing the ceiling directly under his bathroom to collapse, has been awarded the cost of tile repairs and compensation for stress and inconvenience to the whole family in a claim dispute...
UK court ruling backs BI claimants 'on key issues'
16 September 2020
The UK High Court has ruled against insurers on key points in a business interruption test case brought by the Financial Conduct Authority on behalf of policyholders...
QBE considers UK BI test case appeal
16 September 2020
QBE says it may appeal a UK High Court finding in the COVID-19 business interruption test case...
Simplify & innovate: Suncorp outlines future for products
16 September 2020
Suncorp CEO Steve Johnston says the insurer will need to consider the impact of COVID-19 on household budgets and customer requirements as it also looks to simplify its product range and drive innovation around personalised cover...