Daily
IAG simplifies reinsurance cover with five-year program
28 June 2024
IAG has revamped part of its reinsurance through a simplified five-year program that aims to better protect earnings from volatility caused by extreme weather...
Suncorp eyes July bank exit after Treasurer backs $4.9 billion sale
28 June 2024
Federal Treasurer Jim Chalmers has approved the sale of Suncorp’s banking business to ANZ, clearing one of the last remaining hurdles for the $4.9 billion deal...
‘Next phase of development’: UK law firm buys Proclaim
28 June 2024
Claims manager Proclaim has agreed to be acquired by UK law firm DWF...
Homeowners win payout over defective roof repairs
28 June 2024
The Australian Financial Complaints Authority has ordered RACQ Insurance to replace a home's roof and patio after finding the insurer failed to address faulty workmanship following a storm in 2020...
Household premium growth eases but pain lingers for consumers
27 June 2024
Home and motor insurance prices surged 14% in the year to May after a record 16.5% jump in the year to April, according to the latest consumer price index indicator...
Insurance News seeks star start-ups for insurtech pitch contest
27 June 2024
Insurtechs will pitch their innovative solutions at the Insurance News technology seminar in August...
AFCA slams bank for ‘environment of inappropriate selling’ on CCI
27 June 2024
Two homeowners have won a refund of their consumer credit insurance premiums after the complaints authority found the policy was inappropriately sold to them by a National Australia Bank agent...
AMI sounds alarm over hot water system thefts
27 June 2024
IAG-owned insurer AMI has warned homeowners after data showed water heating system thefts lead to the costliest burglary claims in New Zealand...
Theatres win limited BI cover for covid closures
26 June 2024
A court has delivered Melbourne theatres a partial business interruption insurance victory after shows including Harry Potter and the Cursed Child and Billy Elliot the Musical were closed during the pandemic...
NSW plans strata law reforms on commission disclosure, penalties
26 June 2024
The NSW government will introduce strata laws aimed at improving commission disclosure and weeding out “bad behaviour” in the sector...
HDI Australia shakes up regional leadership
26 June 2024
Stefan Feldmann will take an expanded leadership role at HDI Global in Australia and New Zealand, with responsibility for commercial and specialty business, while Mark Fleiser will depart the insurer...
INsight podcast: ministers prioritise resilience at last
26 June 2024
Incorporating climate resilience into the National Construction Code is the main topic of conversation on the latest episode of the Insurance News podcast...
Steadfast flags London advantage for US network
25 June 2024
Steadfast says its London wholesale business, which handles high-value, complex risks, is well placed to assist brokers at its recently acquired US network and has good growth opportunities...
QBE claims teams to harness geospatial tech
25 June 2024
QBE will use geospatial technology across its claims handling operations after successful tests of the tool...
HDI launches cyber in Australia
25 June 2024
Commercial insurer HDI Global will start offering cyber cover in Australia as it looks to expand in the market...
ANZIIF crowns ‘inspiring’ award winners
25 June 2024
The Australian and New Zealand Institute of Insurance and Finance has named this year’s Allianz Donna Walker Awards winners...
Steadfast lifts guidance after ‘strong performance’
21 June 2024
Steadfast has adjusted its full-year earnings guidance based on a strong trading performance for the period to the end of May and contributions from acquisitions...
ISR insurers ordered to finish job after mine machinery collapse
21 June 2024
Insurers have been told they must finish restoring a piece of damaged mine equipment after a legal battle over their payout obligations...
Six ‘pillars’ hold key to agencies attracting capital
21 June 2024
Capital providers seeking to align with underwriting agencies are looking at six key areas, an Xceedance-Insurance News webinar has heard...
Timing is everything in hailstorm dispute
21 June 2024
Youi has won a dispute over a hail damage claim for a property in Queensland...