23 February 2021
Allianz Australia and its subsidiary AWP face criminal charges accusing them of making false or misleading statements on a range of domestic and international travel insurance products between 2016 and 2018....
23 February 2021
The Australian Financial Complaints Authority has upheld a decision by Terri Scheer to raise the annual premium for a landlord insurance policy by 25% when it was renewed last year...
19 February 2021
QBE Group says it's well placed to take advantage of a stronger market to pursue targeted growth and improve its performance in the wake of a $US1.52 billion loss...
19 February 2021
Legal battles over business interruption cover for COVID-19 may bring little clarity to the Australian market until later in the year, QBE Group Interim CEO Richard Pryce said today...
19 February 2021
AIG Australia says Lisa Jeffery has joined the business as Head of Client and Broker Engagement as well as interim Head of Claims...
19 February 2021
Farmers claiming $30,000 to repair flood-related damage to a Tweed River property after Cyclone Debbie have lost a dispute with its insurer...
18 February 2021
New icare CEO Richard Harding has announced an overhaul of the state-owned insurer’s leadership team, involving creation of a new governance role and the departure of a number of executives...
18 February 2021
The country’s competition watchdog has “preliminary concerns” that the proposed union of Aon and Willis Towers Watson could lead to a less competitive commercial insurance broking sector in Australia, with the market dominated by the merged entity and Marsh...
18 February 2021
Former Sydney insurance broker and convicted tax cheat Timothy Charles Pratten must pay a $2.43 million penalty as sought by the Commonwealth, the Supreme Court of NSW has ruled...
18 February 2021
A business has won a dispute over a claim denied by Zurich after hackers accessed its accountant’s email and fraudulently lured payment from a customer...
17 February 2021
Austbrokers, the broking arm of AUB Group, has established a dedicated unit to handle complex risks in response to ongoing challenging conditions in the market, which have been described by the industry as the toughest since 2000...
17 February 2021
Laws to defer add-on insurance sales could expose consumers to immediate financial risk in a number of scenarios including rental vehicle hiring, brokers have warned as the Government considers exemptions to the new rules set to take effect this year...
17 February 2021
A major broker has welcomed a plan to permanently ease continuous disclosure requirements for listed companies, saying the proposed rule change will put Australia in step with the US and UK, and help address soaring directors' and officers' insurance premiums...
17 February 2021
The National Insurance Brokers Association’s discussion document on proposed changes to the Code of Practice was the key talking point for the latest Insurance News podcast, INsight...
16 February 2021
Australian broking group MGA has been forced to freeze plans to set up operations in Myanmar following political unrest in the South East Asian country...
16 February 2021
Melbourne-based Insurance House Group has expanded its presence in the Victorian capital and moved into SA through “strategically timed” mergers with PSB Insurance Brokers and Malcolm Hutson & Associates...
16 February 2021
A decision by Suncorp to reject a claim for a collapsed pergola from a home and contents policyholder, who had been with the insurer for 44 years and never previously claimed, has been upheld by the Australian Financial Complaints Authority...
16 February 2021
An Australian east coast low which hit NSW and Queensland last February caused insurance losses of $989 million, Zurich catastrophe data company Perils says in a final estimate...
12 February 2021
The State Insurance Regulatory Authority plans to remove surgical fee loadings that have contributed to soaring costs in the NSW workers’ compensation scheme...
12 February 2021
Genworth Mortgage Insurance posted a 2020 underwriting loss of $234 million as it shored up its reserve war chest in anticipation of “sustained pressure on claims” this year...