Daily
Fraud trial: barristers named on Dual invoices were never used
27 June 2019
Josie Gonzalez made a “mistake” when she repeatedly named barristers on invoices for hundreds of thousands of dollars who had never worked for the law firm she and her husband set up...
Building failures: insurers want end to ‘partial and piecemeal’ fixes
27 June 2019
Only a co-ordinated national approach can resolve the growing crisis engulfing the building industry, the Insurance Council of Australia says...
Long story: Kelly tells how IBNA was won over
26 June 2019
Steadfast MD and CEO Robert Kelly says Insurance Brokers Network Australia (IBNA) members who move across to Steadfast will receive shares in the listed company and will remain independent, while also having the option of selling down their equity in future...
Fels comments slapped down in ‘loyalty tax’ tussle
26 June 2019
NSW Emergency Services Levy Insurance Monitor Allan Fels says all home policy renewals from next month must include the previous year’s premium, a move it claims will help consumers overcome what it calls a “loyalty tax”.
Fraud trial: husband charged Dual $1000 an hour to write wife’s work emails
26 June 2019
Alvaro Gonzalez charged Dual Australia $1000 an hour to write emails sent in his wife’s name from her Dual email account, the County Court of Victoria heard today...
Fraud trial: Weeping Gonzalez tells of ‘devastation’
25 June 2019
Josie Gonzalez sobbed in the witness box today as she spoke of her trauma when media published a photograph of her husband and allegations of fraud in mid 2013...
IAG in talks to sell Indian joint venture stake
25 June 2019
IAG has confirmed it is in talks with external parties about selling part or all of its stake in Indian general insurer SBI General...
Happiest customers: RAA tops insurers in survey
25 June 2019
SA insurer RAA has the most satisfied customers, according to the latest Roy Morgan research.
Fraud trial: Dual underwriter highlighted ‘strange’ invoices
21 June 2019
Dual Australia’s national underwriter complained of unexplained and excessive legal costs in emails to the company’s claims administrator in mid 2013, the County Court of Victoria has heard...
Cyber crooks ‘demanded ransom’ from ProRisk
21 June 2019
Cyber attackers who crippled systems at Insurance House Group demanded a ransom to restore operations, it has emerged...
AIG NZ exits high-net-worth cover
21 June 2019
AIG is discontinuing its Private Client Group home, contents and yacht cover and will no longer offer high-net-worth insurance in New Zealand from the end of next month...
Adani mine secures insurance cover
20 June 2019
Indian conglomerate Adani Group has secured insurance for its controversial Carmichael coal mine project in Queensland...
Fraud trial: high legal costs dismissed as ‘legacy’ issue
20 June 2019
Former Dual Australia claims manager Josie Gonzalez dismissed concerns over legal costs of $9 million in one year as a “legacy” issue, the County Court heard today...
Zurich brings in former Allianz manager for key broker role
20 June 2019
Zurich Australian Insurance has appointed David Foote as National Relationship Leader, focusing on key international broker partners...
Add-ons: insurers to repay another $14.7 million
19 June 2019
Six insurers will repay $14.7 million to consumers who purchased poor-value add-on insurance at car yards, the Australian Securities and Investments Commission said today...
Fraud trial told of questions directed at law firm
19 June 2019
A Dual claims administrator received a text message from Josie Gonzalez, who was on maternity leave, about two hours after an invoice issue was raised with Jaag Lawyers, the County Court heard today...
Liberty rebrands commercial insurance arm
19 June 2019
Liberty International Underwriters in Australia will trade as Liberty Specialty Markets from Friday as the business unifies its commercial insurance operations under one brand...
Dishonest AR 'backdated policy after fire'
18 June 2019
The Australian Securities and Investments Commission has permanently banned an authorised representative in Victoria after a probe found he engaged in financial misconduct...
Fraud trial: Arch questioned Dual legal spend
18 June 2019
London-based Arch had questioned underwriting agency Dual about legal fee levels as part of its auditing processes, former company executive Peter Bailey told the County Court today...
NSW budget: ICA issues warning on rising insurance taxes
18 June 2019
The Insurance Council of Australia says revenue from “inequitable” NSW insurance taxes and levies will rise by 5.4% per year over the next four years, placing an “unfair burden” on policyholders...