Zurich's Tim Plant elected ANZIIF President
20 May 2021
Zurich Australia’s general insurance CEO Tim Plant has been elected President of the Australian and New Zealand Institute of Insurance and Finance...
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Woman seeking storm payout at termite-riddled cabin loses dispute
20 May 2021
A woman claiming a branch fell on the roof of her cabin during a storm, blocking the gutter and causing water to spill into the home, has lost a dispute with QBE after a longstanding termite infestation was detected...
Law review aims to wind back complexity
19 May 2021
Financial laws have ballooned in complexity over the past two decades with the Corporations Act becoming a “Russian doll” of definitions within definitions, a review seminar has heard...
Fraudster caught working while receiving workers' comp payments
19 May 2021
A Victorian man caught earning more than $30,000 working as a driver and security guard while racking up workers' compensation payments has been fined and ordered to repay almost $50,000...
Roo collision claimant loses dispute over disclosure duty
19 May 2021
A woman whose claim for damage to her vehicle following a collision with several kangaroos was declined because she failed to comply with her duty of disclosure has lost her dispute with the insurer...
INsight podcast: coal, climate and insurance
19 May 2021
Australian insurers’ attitude to coal mining and associated projects is the focus of this week’s Insurance News podcast...
Vehicle theft reduction scheme to fold after ICA cuts funding
18 May 2021
The National Motor Vehicle Theft Reduction Council has announced that it will cease operations on September 30, after the Insurance Council of Australia pulled crucial funding...
Austcover, Regional Insurance Brokers agree to merge
18 May 2021
Steadfast-linked Austcover and Regional Insurance Brokers have agreed to merge, creating a “winning combination” to offer broking solutions to the Queensland market, they announced in a joint statement today...
Natural disasters key issue for brokers: SME Index
18 May 2021
Satisfaction levels on natural disaster claims handling are significantly lower than for general claims but businesses that use brokers feel better informed about possible impacts from catastrophes, the latest release of data from the annual Vero SME Insurance Index shows...
Broker says WA must be part of affordability solutions
18 May 2021
The Federal Government must ensure its reinsurance pool and measures to improve affordability include a focus on problems in WA and the NT, a Broome broker says...
Brokers fend off criticism of commissions
14 May 2021
The National Insurance Brokers Association has renewed its defence of the commission model, pushing back claims that it is a form of “conflicted remuneration” that may lead to adverse outcomes for consumers...
COVID BI claims impact 'could hit NZ insurers'
14 May 2021
New Zealand insurers could be affected by court rulings on business interruption claims in other jurisdictions, a report from the Reserve Bank of New Zealand says...
IAG wins dispute over $17,000 short stay rent loss
14 May 2021
Holiday rental landlords who lodged a claim for $17,646 for loss of rent after guests cancelled bookings due to government-imposed COVID restrictions over four months early last year have lost a dispute with IAG...
NSW motor injury legislation set for review
14 May 2021
The NSW Government has appointed Clayton Utz and Deloitte to review the state’s compulsory third party insurance arrangements and the effectiveness of the scheme...
Aon, WTW to sell $4.6 billion in assets to Gallagher
13 May 2021
Aon and Willis Towers Watson have agreed to sell the Willis Re reinsurance business and certain UK, European and North American operations to Arthur J. Gallagher for $US3.57 billion to secure European regulatory approval for their merger...
Adani slams insurers for 'boycotting' coal
13 May 2021
The Adani Group has hit out at Australia’s three major insurers for refusing to underwrite the thermal coal industry in future as its controversial Carmichael mine in Queensland struggles to secure compulsory insurance for the construction of a rail line...
Niche skills in short supply as closed borders hit recruiting
13 May 2021
An inability to secure work visas for candidates located outside Australia is hampering the ability of insurance companies to source specialised experts, and recruiters say demand will only intensify for niche and experienced insurance professionals...
QBE business interruption test case set for July
13 May 2021
QBE’s business interruption test case involving Educational World Travel and Victorian property law is set to be heard by the Federal Court in July...
Federal Budget provides $1.2 billion to build resilience
12 May 2021
The Federal Budget has allocated $1.2 billion for measures to improve resilience, including the Government’s new mitigation program and spending on natural disaster responses...
Austbrokers acquires 50% stake in loss adjuster
12 May 2021
Austbrokers has acquired a 50% stake in YDR Chartered Loss Adjusters, an independently owned insurance service provider of loss adjusting, engineering and surveying expertise...