31 March 2021
The most telling signal for how often a heavy transport vehicle operator is likely to claim, and how costly claims will be, is the condition of the fleet’s tyres, an ambitious study examining ten key truck maintenance requirements concludes...
31 March 2021
The grounding of the massive container ship Ever Given in the Suez Canal provided the central discussion point for this week’s Insurance News podcast...
30 March 2021
The flooding catastrophe in NSW and southeast Queensland will put pressure on insurers’ underwriting results and dampen earnings this year, AM Best says...
30 March 2021
UK-based Ardonagh Group, which this year bought a majority stake in Australian authorised representative network Resilium, has outlined plans to pursue growth opportunities as it builds on acquisitions over the past year...
30 March 2021
Fitch Ratings has warned the reinsurance industry faces a “large loss event” from the blockage in the Suez Canal after the colossal Ever Given container ship ran aground about a week ago, closing access to one of the world’s most vital waterways for global trade...
30 March 2021
A Suncorp business insurance policyholder who made an unsuccessful claim for loss of perishable food stock caused by the COVID lockdown last year, has won a complaint against the insurer...
26 March 2021
Losses from the flooding catastrophe in NSW and southeast Queensland have reached $385 million, the Insurance Council of Australia estimates as improving conditions allow clean-up and support efforts to accelerate...
26 March 2021
Business interruption payments totalling £471.9 million have been made so far to policyholders who have had claims accepted by insurers affected by the recent UK test case decision, the Financial Conduct Authority says...
26 March 2021
A finance company has been ordered to pay for repairs to a client’s car after she unexpectedly had no comprehensive motor insurance after an accident, despite that cover being a requirement of a loan that had been set up...
26 March 2021
An in-depth Insurance News podcast has addressed the issue of broker commissions, which will soon come under the spotlight as part of a Kenneth Hayne-inspired review...
25 March 2021
The High Court of Australia has agreed to hear oral arguments supporting an insurance industry application to appeal the first business interruption test case ruling...
25 March 2021
A non-profit body representing amusement, leisure and recreation operators has met this week with the Morrison Government to drum up support for a mutual scheme to address the public liability insurance crunch facing its members...
25 March 2021
NSW state-owned insurer icare is proposing an increase in workers’ compensation premiums due to cost increases after changes last year were placed on hold due to the need to support businesses during the pandemic...
25 March 2021
The industry should stand up to politicians who engage in “ridiculous” criticism of insurers before claims from this week’s flooding disaster have even been assessed, the Insurance News podcast was told...
24 March 2021
The Insurance Council of Australia has extended the NSW flooding catastrophe declaration to southeast Queensland, while estimating the total value of claims received across both states at $254.2 million...
24 March 2021
Severe floods across NSW and Queensland will lead to an “influx” of claims, but will not hurt insurers’ credit ratings, S&P says...
24 March 2021
A farmer who lodged a claim after 17 of his cattle died in February 2020 has lost a dispute with IAG...
24 March 2021
The NSW State Insurance Regulatory Authority CEO Carmel Donnelly will leave the organisation in the next few months to become chairman of the state's Independent Pricing and Regulatory Tribunal...
23 March 2021
Insurance losses from the flooding catastrophe could surge past $1 billion based on comparisons with past eastern states weather disasters that have caused rivers to burst their banks and inundate properties...
23 March 2021
A gym owner in Victoria has commenced legal proceedings against Hollard Insurance in the Federal Court, after his business interruption claim for losses suffered as a result of the pandemic lockdowns last year was rejected, the law firm acting on his behalf said today...