Daily
Cyber attack impacts Insurance House
14 June 2019
A devastating cyber attack has brought down systems across the diverse operations of national brokerage Insurance House...
Fraud trial: rising legal costs sparked Dual disquiet
14 June 2019
Concerns over an increased level of legal costs were raised with former Dual Australia claims manager Josie Gonzalez in 2012, a County Court trial in Melbourne was told today...
360 goes rural with Insure That stake
14 June 2019
360 Underwriting Solutions, the underwriting agency set up in 2017 by former senior Allianz executives Denis Morrissey and Chris Lynch, has acquired a majority stake in specialist rural agency Insure That...
Underwriting agency hit by cyber attack
13 June 2019
Underwriting agency ProRisk has been hit by a serious cyber attack, forcing a shutdown of systems for several days...
Risking irrelevance: Neal says Lloyd's needs to 'reset'
13 June 2019
Lloyd’s faces becoming irrelevant unless it grabs “a once in a generation opportunity” to overhaul its model for the digital age, CEO John Neal says...
Insurer offers no-excess roo crash cover
13 June 2019
Insurtech disruptor Huddle, which sells products underwritten by Hollard, has launched an excess-free cover specifically for vehicle collisions with kangaroos...
Dual fraud trial: prosecution opens case against couple
12 June 2019
Former Dual Australia employee Josie Gonzalez and her husband Alvaro Gonzalez submitted more than 400 fraudulent invoices to con the underwriting agency out of $17.4 million, prosecutors claimed today...
AUB cuts its earnings outlook
12 June 2019
AUB Group today lowered its earnings guidance for the current financial year, citing weaker than expected performance from its strata portfolio and risk services division...
Insurers accused of selling travel cover with illegal exclusions
12 June 2019
Travel insurers have been accused of breaking the law by selling travel insurance with blanket mental health exclusions, and then failing to indemnify customers...
Sound of silence: ESL Monitor's reports go missing
07 June 2019
Quarterly reports from NSW Emergency Services Levy Monitor Allan Fels have dried up – despite a legal requirement for them to be published on time...
Allianz Global reviews local operations
07 June 2019
Allianz Global Corporate & Specialty is reviewing its long-tail business in Australia, and all lines in New Zealand...
ICA rejects Tasmania's 'uninsurable' claim
07 June 2019
A Tasmanian council’s claim that climate change has made several beachside houses uninsurable has been rejected by the Insurance Council of Australia...
NSW taxes ‘forcing businesses out of insurance’
06 June 2019
Industry fears are coming true, as soaring NSW taxes force business owners to drop or reduce insurance cover...
QBE 'customer focus' head departs for new role
06 June 2019
QBE’s new Global Market Management team has lost its inaugural chief, with Uwe Schoberth leaving the company to join AIG...
Wellington sensors tackle earthquake risk
06 June 2019
Seismic data sensors are being installed in Wellington buildings as part of efforts to make the New Zealand city more resilient to earthquake risk...
Liberty-backed agency targets north Queensland
05 June 2019
Queensland’s cyclone-prone north will be targeted by a new insurance agency that plans to enter the market next month...
Assetinsure looking to ‘bright future’ under new owner: CEO
05 June 2019
Sydney-based Assetinsure is confident it has a “bright future” under new owner Lombard Australia, which acquired the business for an undisclosed price from failed New Zealand insurer CBL Corporation...
EQC locks in $6 billion NZ reinsurance
05 June 2019
New Zealand’s Earthquake Commission has increased its reinsurance program to $NZ6.2 billion ($5.9 billion) for the policy year that started this month...
Chinese insurer deal sparks UFI caution call for brokers
04 June 2019
Retail brokers have been cautioned against “creating a liability for themselves” by placing business via capacity sourced from unauthorised foreign insurers (UFIs)...
icare highlights rising medical costs
04 June 2019
Insurance and Care NSW (icare) says rising medical costs will be a key focus as an auditor's report for the state’s workers' compensation scheme shows a significant increase in payments to private hospital services...