Daily
EQC apologises ‘unreservedly’ for stressing customers
13 November 2019
New Zealand’s Earthquake Commission has formally apologised for “compounding the stress of customers” affected by the devastating Canterbury earthquakes...
NSW bushfires update: insurers expect claims in rush
12 November 2019
The Insurance Council of Australia says the NSW bushfire catastrophe has run up at least $40 million in insured losses, but the figure will rise in coming days as more claims are submitted...
AUB board raises the bar on governance
12 November 2019
AUB Group is stepping up its governance focus to drive a culture of accountability and transparency across its network, Chairman David Clarke told the group’s AGM in Sydney today...
D&O, property leading premiums higher: Marsh
12 November 2019
Surging directors’ and officers’ rates and rising property premiums powered an 18.8% third-quarter jump in Pacific region pricing, while global insurance market gains also gathered pace, Marsh says...
Wind-driven NSW fires threaten properties
08 November 2019
Residents in the New England region and far north coast of NSW have been urged to seek shelter as firefighters battle several blazes that are spreading rapidly in strong and gusty winds...
'Pathetic': Steadfast chief blasts insurers
08 November 2019
Steadfast MD and CEO Robert Kelly gave some insurers a roasting at the New Zealand insurance industry’s annual conference in Auckland this week...
Cover Genius raises $14 million for expansion push
08 November 2019
Sydney-based insurtech Cover Genius has successfully attracted support from US, UK and local investors, raising $US10 million ($14.51 million) in a Series B funding round as it expands to new countries...
Moving on mitigation: insurers could sign premium reduction guarantees
07 November 2019
The Federal and state governments could be given the opportunity to sign a memorandum of understanding with insurers that guarantees premium reductions if certain mitigation measures are carried out...
AFCA names insurers in complaints statistics
07 November 2019
The Australian Financial Complaints Authority has launched an online site that provides data on the performance of individual insurers, in a move designed to increase transparency and assist consumer education...
Former RACQ Insurance boss makes a move
07 November 2019
Insurance group Auto & General today announced that former RACQ Insurance CEO John Myler will join in January as CEO of its Australian business...
NSW Government’s ESL blunder gives insurers a fright
06 November 2019
A note from Revenue NSW caused consternation among insurers after it incorrectly implied they had been over-collecting the Emergency Services Levy...
icare adds GIO to claims management agents
06 November 2019
NSW state insurer icare has reappointed Allianz, EML and QBE and added GIO to provide claims management services for the Treasury Managed Fund workers’ compensation portfolio...
Dual fraud: lawyer calls for policy wording change
06 November 2019
A barrister who helped underwriting agency Dual Australia recover $17.4 million following a major scam says insurers should revise policy wordings that direct victims of fraud to contact police...
ICA suggests extension to PI cladding exemption
05 November 2019
The NSW Government may have to extend the one-year period granted to building practitioners to operate with professional indemnity covers that come with cladding exclusions, according to the Insurance Council of Australia...
Confidence in insurers under threat, ICNZ conference told
05 November 2019
Public confidence in insurers providing appropriate advice and products is under threat, New Zealand Finance Minister Grant Robertson warned today...
Envest backs drone underwriter
05 November 2019
Insurtech investor Envest will partner Precision Autonomy, the developer of an algorithm-driven insurance platform for drones, to expand locally and internationally...
Severe cyclone threat forecast to move south into NSW
01 November 2019
Tropical cyclones will cause devastation further south along the Australian coast and large hail will become a greater risk in parts of NSW and Victoria as temperatures rise, a report released today by IAG and the US National Center for Atmospheric Research says...
Surveyors near breaking point as PI quagmire persists
01 November 2019
One of Queensland’s biggest building certifiers could be forced to put up the shutters if it is unable to secure a new professional indemnity policy as insurers maintain a blanket ban on exemption-free covers...
RACQ Insurance profit hit by Townsville floods
01 November 2019
RACQ Insurance reported earnings of $33.5 million in the year to June 30, down sharply from $64.3 million in the previous corresponding period as weather-related expenses more than doubled...
ICA names new President, approves code
31 October 2019
The Insurance Council of Australia board today appointed Suncorp CEO Insurance Gary Dransfield as President and Chairman as it enters a crucial period following the approval of its new General Insurance Code of Practice...