11 March 2021
The corporate regulator is seeking feedback on its plan to implement the deferred sales model for add-on insurance, which will start on October 5 after laws for the new scheme were passed in Parliament last December...
11 March 2021
Gallagher has won a dispute over the size of a settlement owed to a small business after it made no reference to a policy limit of $50,000 for legal defence cover, breaching its duty as an insurance broker...
10 March 2021
The prudential regulator has agreed to accept a court enforceable undertaking from Allianz Australia, with the insurer giving its commitment to finish rectifying the risk and compliance issues that have seen the business, at one point, forced to put up an extra $250 million in capital requirement...
10 March 2021
The COVID-19 pandemic and work-from-home repercussions have failed to jolt SMEs out of their cybercrime complacency with many remaining “clueless” about the risks, Cameron Research has warned...
10 March 2021
The first female presidents of the Insurance Council of Australia and National Insurance Brokers Association give their views on women in the industry in this week’s Insurance News podcast...
10 March 2021
A learner driver who reversed a 2003 Toyota Corolla into a concrete barrier, panicked, and then drove into a parked Ferrari has lost a claim dispute...
09 March 2021
Chubb announced today Peter Kelaher has been appointed Country President for Australia and New Zealand with immediate effect, replacing Jarrod Hill who is leaving the business...
09 March 2021
An underwriting agency is testing market interest in a proposed professional indemnity mutual as soaring premiums and the withdrawal of traditional capacity cause cover availability issues...
09 March 2021
IAG has stressed it has no net insurance exposure to financial company Greensill trade credit policies after its slumping shares were today briefly placed in a trading halt...
09 March 2021
A Zurich travel insurance policyholder, who did not get full reimbursement for non-refundable cancellation costs incurred when his pre-booked holiday with his partner was called off suddenly, has lost a claim dispute....
05 March 2021
Dry cleaning, travel agency and stage clothing enterprises are among nine claimants that will have business interruption cover denials examined in a Federal Court test case brought by the Insurance Council of Australia...
05 March 2021
Revised provisions for pandemic-related business interruption claims and the growing financial hit from natural catastrophes pushed the general insurance industry into underwriting losses last year, according to the Australian Prudential Regulation Authority...
05 March 2021
Cyber attackers are evolving more sophisticated, three-pronged attacks to steal organisations’ funds, starting with data exfiltration and encryption, followed by extortion...
05 March 2021
A man who disputed a fall in the market value of his car from more than $20,000 to $15,000 in nine months has eked out an extra $1000 during a claim resolution hearing...
04 March 2021
Scott Hawkins will step into the role of MD Australasia at Munich Re next month, taking over from Ralph Ronnenberg who has held the role for five years...
04 March 2021
NSW state-owned insurer icare has appointed nine distributors to its Home Building Compensation Fund panel after completing a tender process...
04 March 2021
Financial company Greensill has failed in last-minute NSW Supreme Court action taken to avert the expiry of trade credit insurance policies that had provided $US4.6 billion in cover...
04 March 2021
A woman promised lifetime cover for her French bulldog has won a claim dispute after an insurer withdrew from selling pet cover and declined to renew her year-old policy...
03 March 2021
Authorised representative group UIG has terminated its relationship with a broker after a court found she engaged in “misleading and deceptive” conduct years before she started working with the network...
03 March 2021
Honan Insurance Group has acquired professional indemnity and construction specialist Bovill Risk & Insurance Consultants...