Daily
ASIC to ban insurance ‘product peddlers’
18 July 2019
The Australian Securities and Investments Commission is set to ban unsolicited telephone sales of consumer credit insurance and life cover ahead of wider anti-hawking reforms...
360 builds construction presence with acquisition
18 July 2019
360 Underwriting Solutions, the agency set up by former senior Allianz executives Denis Morrissey and Chris Lynch, has acquired a 50% stake in online insurance underwriting agency eSentry, adding construction capability to a rapidly expanding portfolio...
APRA to sharpen focus on insurance, culture
17 July 2019
The Australian Prudential Regulation Authority is set to create an insurance division as part of a proposed overhaul that will also sharpen its focus on governance and cultural issues...
Fels puts insurers ‘on notice’ over levy collection
17 July 2019
NSW Emergency Services Levy Insurance Monitor Allan Fels has warned insurers he will be watching closely to prevent overcollection of the Emergency Services Levy...
Allianz ordered to pay ex-manager $1.4 million
17 July 2019
A NSW court has ruled Allianz must pay $1.39 million in damages plus interest to a former manager who alleged he was a victim of bullying and harassment from his immediate supervisor...
Insurers 'should help pay for flammable cladding fix'
16 July 2019
The Victorian Cladding Taskforce has proposed that insurers chip in to pay for cladding rectification works on affected high-rise buildings...
Tributes paid to founder of Melbourne brokerage
16 July 2019
Marty Owen, founding director of Malvern East brokerage Philp, Newby & Owen, has died following a long battle with illness...
IAG buys into car subscription service
16 July 2019
IAG has acquired a majority stake in car subscription and trading platform Carbar after participating with other investors in a $16.8 million capital raising...
Insurer loses discrimination fight over child sex offender
12 July 2019
NRMA Insurance discriminated against a child sex offender by refusing to insure his gardening business because of his criminal act, the ACT Civil and Administrative Tribunal has ruled...
Lloyd’s puts a date on its blueprint for the future
12 July 2019
Lloyd’s says its push to “supercharge innovation,” overhaul costs and reimagine its future has received overwhelming support during 10 weeks of global consultation...
Mansfield Awards: brokers name their claims picks
12 July 2019
More than 2700 brokers have supplied feedback to organisers of the third annual Mansfield Awards for Claims Excellence...
Opportunity for change: IAG applauds Indigenous recognition plan
11 July 2019
IAG is among the first companies to welcome a Federal Government proposal to hold a referendum within three years on altering the constitution to recognise Australia’s First Nations people...
Getting tough: ASIC set to move over CCI
11 July 2019
The Australian Securities and Investments Commission is planning to intervene in the consumer credit insurance sector after the release of a damning report today...
NZ insurers resist lifting disclosure duty for commercial clients
11 July 2019
The fact that most New Zealand businesses are served by insurance brokers has been quoted as a major reason why the country’s existing duty of disclosure law should remain in place for commercial clients...
New Zealand caught up in PI fallout
10 July 2019
Insurers in New Zealand are imposing tougher conditions for professional indemnity covers in response to the ongoing crisis in Australia and globally, Willis Towers Watson says today in a market update...
Finity urges caution over add-on insurance changes
10 July 2019
Add-on insurance practices came under heavy fire at the Hayne royal commission, but actuarial consultancy Finity has warned regulators against taking a sweeping approach to rule changes that might only make the situation worse...
Sure enters difficult regional insurance market
10 July 2019
Underwriting agency Sure Insurance has started writing home and contents policies from Bundaberg to Cape York, targeting a region hit by surging premiums...
No worries: PSC confident on $48m Griffiths Goodall deal
09 July 2019
PSC Insurance Group closely examined the Griffiths Goodall broking operations before it decided to acquire the business, and it isn’t concerned by any issues related to an Australian Securities and Investments Commission raid earlier this year...
SIRA plans new rules for state insurance participants
09 July 2019
Insurers involved with the NSW workers’ compensation program and other state-regulated schemes will have to comply with a raft of new licence conditions aimed at improving customers' claims experience...
Canopius fills key roles for its Australian business
09 July 2019
Global specialty insurer Canopius today announced key hires for its Sydney office, which was recently established to support the growth of its Australian business...