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...
23 March 2021
The Australian Securities and Investments Commission has carried out a “targeted review” of insurance contracts in advance of the application of unfair contract terms legislation next month...
23 March 2021
Lloyd’s has partnered with New Zealand start-up Bounce to launch a parametric earthquake insurance product in the country - one of the world’s most quake-prone locations as it sits on the edge of a zone of intense seismic activity known as the Ring of Fire...
19 March 2021
COVID-19 impacts totalling $1.3 billion contributed to the Australian general insurance industry last year experiencing its worst financial performance in more than two decades, consultancy Finity estimates...
19 March 2021
Zurich has introduced a new "resilience solutions" business unit in Australia and New Zealand headed by Mervyn Rea, as part of a global advisory initiative...
19 March 2021
Australian Prudential Regulation Authority Deputy Chairman Helen Rowell will assume responsibility for general, life and private health insurance in executive board changes triggered by the retirement last year of Geoff Summerhayes...
19 March 2021
An IAG policyholder who says she was underinsured by almost $600,000 after her house was destroyed in a bushfire has lost a dispute after arguing that the insurer did not advise her on the “appropriate level of cover”...
18 March 2021
Broker usage among small businesses has risen during the COVID-19 pandemic, the 10th anniversary edition of Vero’s SME Index reveals...
18 March 2021
The NSW State Insurance Regulatory Authority says eight measures remain to be completed from a 21-point action plan to improve the performance of icare, with the COVID-19 pandemic and leadership changes contributing to some delays...