Daily
ICA ‘open to reforms’ on broker commissions
23 April 2019
Insurers support moves to prevent “excessive” broker commissions, but are against calls for a new fee model, the Insurance Council of Australia says in a submission released today...
Heat rises on cladding transparency
23 April 2019
Commonwealth Bank has supported the creation of a public register to help deal with the flammable cladding crisis, while Westpac is also seeking greater transparency as issues related to building products continue to emerge...
Jail for fraudster who targeted Chubb
18 April 2019
A Perth businessman has been jailed for more than seven years after a major insurance scam was foiled...
Vegan protests pose meaty questions on cover
18 April 2019
Farms, abattoirs and other food-chain producers targeted by animal rights activists may find they are not covered for potential impacts on their businesses...
Sydney hailstorm: two sides of the recovery story
18 April 2019
The huge number of claims being handled after the December 20 Sydney hailstorm has stretched panelbeaters, builders and other tradespeople to breaking point, with insurers coming under increasing pressure to move faster...
Brokers united: commissions fight goes global
17 April 2019
The National Insurance Brokers Association has joined forces with international colleagues to defend commissions and promote broker value...
Climate change initiative tops ICA dinner menu
17 April 2019
The Insurance Council of Australia will make “major announcements” on climate change at its annual dinner next month...
Notre-Dame: iconic cathedral had no insurance
17 April 2019
The French Government will be footing the bill for rebuilding Notre-Dame de Paris as the cathedral is state-owned and has no private insurance cover against fire and other catastrophes...
IAG aims to expand ‘beyond general insurance’
16 April 2019
IAG wants to grow outside its traditional general insurance territory, as it looks to pull back from Asia and focus on the local market...
Johns Lyng wins QBE building repair contract
16 April 2019
Johns Lyng Group has been added to a QBE building repair services panel for work on commercial and domestic properties in NSW, Queensland, Victoria and the NT...
APRA lays out new enforcement approach
16 April 2019
The Australian Prudential Regulation Authority has taken on a “new enforcement appetite” to guide its supervision of insurers and other financial services providers...
Hayne’s no hawking rule threatens insurance ‘turmoil’
12 April 2019
Reforms to prevent hawking following Hayne royal commission revelations could create “turmoil” for the general insurance industry, Finity has warned...
Phoenix burns: old debt beats reborn Censeo
12 April 2019
Engineering, building and disaster response consultant Censeo has been placed under administration three years after being given a new lease of life through a management buy-out...
New global team sharpens QBE’s customer focus
12 April 2019
QBE has created a US-based Global Market Management team tasked with strengthening its customer focus and delivering best practice in meeting client and broker needs...
IAG faces class action over ‘worthless’ add-on cover
11 April 2019
A class action has been launched against IAG and its subsidiary Swann Insurance, alleging “misleading and deceptive conduct” in relation to add-on insurance...
Anonymous no more: AFCA to name insurers caught up in disputes
11 April 2019
Insurers involved in consumer disputes will have their names revealed, the Australian Financial Complaints Authority has announced...
NTI recruits key executive from rival insurer
11 April 2019
National Transport Insurance (NTI) has announced the appointment of Zurich’s Nick Dendrinos as its Head of Motor...
Townsville revisited: unhappy customers 'don't tell whole story'
10 April 2019
The insurance industry is standing by its response to devastating flooding in Townsville despite television reports focusing on residents’ complaints...
Tokio Marine aims for growth with Sydney acquisition
10 April 2019
A subsidiary of Tokio Marine & Nichido Fire Insurance has acquired Sydney-based specialist underwriting agency Bond & Credit Company for an undisclosed amount...
Eye in the sky: aerial imaging group targets Australian insurers
10 April 2019
The Geospatial Intelligence Centre, which collects North American aerial data for the insurance industry on a not-for-profit basis, is expanding its operations to Australia and New Zealand...