Zurich appoints Chief Claims Officer
13 April 2021
Zurich has appointed Marsh executive Tim Scott-Young as its Chief Claims Officer for general insurance in Australia and New Zealand...
Daily
Insurance crunch hits travelling circus
13 April 2021
A family-owned Australian travelling circus has been forced to part with its performing lions and monkeys in order to secure a public liability insurance policy, allowing it to carry on operating...
Tradie shortages hit after hailstorms
09 April 2021
Queensland hailstorms last year, continued wet weather, COVID-19 impacts and shortages of tradespeople are causing delays and cost increases for roofing repair insurance work in the state’s southeast...
'Time running out' to apply for claims handling licence
09 April 2021
The corporate regulator has voiced alarm at the number of insurance claims handling firms that have applied for licences to continue providing the services, with less than three months to the June 30 deadline for paperwork to be submitted...
Lloyd's insurer rules out Adani involvement
09 April 2021
Leading Lloyd’s insurer and reinsurer MS Amlin says it is not involved with the Adani Carmichael coal mine and ruled out taking part, as climate activists keep up a pressure campaign against the controversial Queensland project...
Consumer loses battle over 'laid up' cover
09 April 2021
A motorist has lost a claims dispute with Suncorp after his vehicle was involved in a collision while on “laid up” cover...
Brokers code review criticised as deadline for submissions nears
08 April 2021
The review process for the Insurance Brokers Code of Practice has been attacked by a consumer group, ahead of tomorrow’s deadline for submissions...
Queensland MP confident on reinsurance pool backing
08 April 2021
Northern Queensland MP Warren Entsch says he is increasingly confident funds will be allocated towards a catastrophe reinsurance pool in the Federal Budget given evidence of insurance market failure in Australia’s cyclone-prone regions...
ASIC launches Westpac CCI court action
08 April 2021
The Australian Securities and Investments Commission has started Federal Court action against Westpac, alleging it sold add-on consumer credit insurance to customers who had not agreed to buy the policies...
Claimant on JobKeeper payments not covered by loan protection policy
08 April 2021
A complainant who was stood down because of the pandemic and subsequently made an unsuccessful claim for unemployment benefits under his loan protection policy, believing his circumstances fell within the scope of coverage, has lost his bid to have the decision overturned...
Brokerage 'open letter' seeks coal activism rethink
07 April 2021
CRE Insurance Broking, which provides cover for the construction, resources and energy sectors, has highlighted an open letter calling for a rethink on the industry’s response to anti-coal activism as clients struggle to obtain cover...
La Nina over, but 'above average' rainfall could continue
07 April 2021
The La Nina weather system which contributed to severe flooding in NSW and Queensland last month is officially over, the Bureau of Meteorology has announced...
Ardonagh enters US, forms global division
07 April 2021
Ardonagh Group, which bought a key stake in Resilium earlier this year, has made its first US acquisition and formed a division to drive international expansion plans in markets including Australia...
Collapsed ceiling caused by defective workmanship 'not covered'
07 April 2021
A QBE home insurance policyholder who disputed the insurer’s decision to deny his claim for damage caused by the collapse of a section of his house ceiling after windy weather has lost his complaint...
Product withdrawal fears escalate as UCT laws take effect
06 April 2021
Concerns have intensified that insurers may withdraw cover for certain risks due to potential complications arising from the application of unfair contract terms laws to insurance contracts...
Entertainment industry pushes for government-backed BI insurance fund
06 April 2021
Live performers and festival organisers have issued a fresh appeal for a government-backed business interruption insurance scheme, after last week’s cancellation of the Bluesfest event in Byron Bay dealt a new blow to the virus-hit entertainment sector...
Dairy class action turns sour for AIG
06 April 2021
The Federal Court has found against AIG after the insurer argued the company securities part of its policy didn’t cover class action claims related to the Murray Goulburn dairy group...
Make 'overlooked' secondary perils a priority: Swiss Re
06 April 2021
Risk assessment efforts need to be rebalanced to make secondary perils such as severe storms, floods and bushfires a higher priority, Swiss Re’s latest Sigma report warns...
April fools? Email error drama at Insurance News
01 April 2021
Apologies to subscribers who received an insuranceNEWS.com.au email this morning inviting them to subscribe. No, it wasn’t an April Fool’s joke, as some of you suggested...
Auto & General announces CEO exit
01 April 2021
Auto & General local CEO John Myler has resigned after 15 months in the role and a comprehensive search for his replacement will be conducted in coming months...