21 May 2021
A Suncorp customer who insisted his vandalised car be sent to a repairer quoting more than $16,000 – almost twice that estimated by the insurer’s repairer – has lost a claim dispute...
21 May 2021
The insurance industry has labelled as “disappointing” Victorian Government predictions of increased revenue from insurance taxes announced in the state's Budget yesterday...
20 May 2021
A review of affordability and availability problems commissioned by the Insurance Council of Australia has suggested a Lloyd’s style multi-underwriter approach as one option for difficult SME risks, while government intervention is seen as a last resort...
20 May 2021
The Australian general insurance market is set to grow at a faster pace this year, with property and casualty premium to increase 3.8% from 0.8% last year, Allianz says today...
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...
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...
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...
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...
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...
19 May 2021
Australian insurers’ attitude to coal mining and associated projects is the focus of this week’s Insurance News podcast...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...