Daily
QBE 'should move for banks' insurance operations'
23 June 2020
QBE should consider bidding for the general insurance arms of Westpac or Commonwealth Bank of Australia to bulk up its presence in the profitable home and personal motor markets, industry analysts say...
Could COVID kill the insurance call centre?
23 June 2020
The coronavirus pandemic will lead to the death of insurer call centres as we know them, according to a US-based global technology firm...
Chubb gains costs order from failed brokerage
23 June 2020
Chubb has gained a Federal Court costs order in a dispute over a theft, fraud and dishonesty claim related to failed brokerage All Class...
AMP Life sale clears final hurdle
23 June 2020
AMP is set to exit the life insurance business at the end of this month as planned, after clearing a final regulatory hurdle with the New Zealand central bank over the $3 billion sale to Resolution Life...
No rush: insurers start small with office returns
19 June 2020
Australia’s major insurers have begun returning to the workplace, but they’re taking it slow and following official guidance every step of the way...
Court rules on credit hire car claims
19 June 2020
The NSW Court of Appeal has handed down decisions in four cases regarding the assessment of damages concerning credit hire vehicles...
Myer, David Jones hit by QBE trade credit shift
19 June 2020
Department store chains Myer and David Jones have been hit by QBE’s decision to wind back trade credit cover for the stores’ suppliers from the middle of next month...
SMEs in NZ consider raising their BI cover
19 June 2020
About 20% of SMEs in New Zealand are considering increasing their Business Interruption (BI) cover, a survey of more than 600 policyholders by Vero has found...
Insurer warns claims handling reform 'goes too far'
18 June 2020
The bushfires royal commission has been asked to throw its weight behind moves to amend claims handling draft legislation resulting from the Hayne inquiry...
New global anti-fossil fuel campaign targets QBE
18 June 2020
A coalition of climate activists has launched a new campaign today to pressure insurers including QBE to immediately stop doing business with the oil and gas industries...
'Highly improbable': driver’s kangaroo story ruled a tall tale
18 June 2020
A driver who says a kangaroo ran from trees in a dark street, causing him to instinctively brake and accidentally hit a tree, has lost a dispute with his insurer...
EQC secures $6 billion reinsurance
18 June 2020
New Zealand’s Earthquake Commission has renewed its $NZ6.2 billion reinsurance, continuing one of the world’s largest annual programs...
Insurers face higher reinsurance costs as climate risk bites
17 June 2020
Reinsurance costs for Australia’s three leading insurers are set to rise at July renewals, Morgan Stanley has warned, and the upward trend is likely to persist, reflecting the increased business risk they face from climate change...
Unlikely ally: ESL Monitor flags doubts over NSW levy's future
17 June 2020
The NSW Emergency Services Levy Monitor has strongly hinted that the levy he’s employed to keep watch over should be abolished...
ASIC says product intervention power 'timely'
17 June 2020
The Australian Securities and Investments Commission has released a regulatory guide on its product intervention powers, while stressing the importance of the new rules amid the COVID-19 pandemic...
$100,000 claim for ruined clothes dismissed
17 June 2020
A man has lost his bid to claim $100,000 for 25 storage containers full of clothing he failed to recover from a dry cleaner after a sewerage pipe burst at his property...
COVID worsens D&O crisis: Marsh
16 June 2020
Directors’ and officers’ premiums will soar further, after surging in the first quarter, as the coronavirus pandemic worsens existing problems created by Australia’s class action environment, Marsh has warned...
Claimant wins BI dispute despite flood exclusion
16 June 2020
A Suncorp customer who made an unsuccessful claim for business interruption losses incurred during a flood catastrophe last year has won his dispute before the Australian Financial Complaints Authority...
Insurance House set for growth after investor merger
16 June 2020
Merged investment firm Quintet Yorkway is set to support further Insurance House Group growth through acquisitions as the equity investor looks at expanding its exposure to broking...
Allianz Partners to axe 45 jobs in travel business
16 June 2020
Allianz Partners Australia will cut about 45 jobs from its travel division as part of a “strategic roadmap” that was started in February to sharpen the competitive base of the business...