22 January 2021
Agricultural insurer Achmea must indemnify a claim after fire destroyed 1380 bales of hay, despite the items not being listed among insured contents in a farm policy sold to a client...
22 January 2021
The Insurance Council of Australia has voiced concerns over the NSW Government’s draft regulations for the Design and Building Practitioners Act 2020 that was passed in parliament last June...
21 January 2021
The National Insurance Brokers Association has proposed meeting with the Australian Securities and Investments Commission, insurers and consumer representatives to discuss changes that could help retail clients access advice...
21 January 2021
An investment property owner has won a claim payment dispute after fire damaged an old house that was advertised as needing “tender loving care” when it was purchased...
21 January 2021
Prices at the January 1 treaty renewal season did not increase sharply as initially predicted as the global reinsurance capital pool closed out last year 3% higher than 2019, according to reports...
21 January 2021
Rates for mergers and acquisitions-related risk products are set to increase after corporate appetite for business expansion was dented last year because of the pandemic, Gallagher says in a report...
20 January 2021
AUB Group has agreed to sell its holding in Altius to the Riverside Company for net cash proceeds of about $57 million, completing its exit from health and rehabilitation services...
20 January 2021
Independent brokerage Coverforce today confirmed that management shareholders have acquired investment firm Pemba Capital Partners’ 49% ownership in the business...
20 January 2021
Insurers are wary of emerging financial lines risks and are approaching directors’ and officers’ and management liability renewals as if a fiscal cliff is imminent, Gallagher says...
20 January 2021
Infectious diseases and a number of climate change-linked threats have dominated a risk survey as part of an annual World Economic Forum report produced in collaboration with Zurich Insurance Group and Marsh...
19 January 2021
Austbrokers Corporate CEO John Mutton has resigned, as he and two other executives prepare to join rival broker Marsh...
19 January 2021
The Fair Work Commission has dismissed an application for relief from unfair dismissal by a former Commonwealth Insurance motor assessor, who was terminated for “serious misconduct” last year over an undeclared transfer of $500 to his bank account...
19 January 2021
Pandemic outbreaks have for the first time been listed as the biggest threat to Australian businesses, according to an annual risk survey by Allianz Global Corporate and Specialty...
19 January 2021
Willis Towers Watson has appointed Lee Garvey to the newly created position of Head of Financial Solutions for Australia and New Zealand as the New Year brings a number of personnel changes across the insurance industry...
18 January 2021
QBE has made an extra $US185 million allowance for potential Australian business interruption claims after a UK Supreme Court ruling on Friday went against insurers...
18 January 2021
The National Insurance Brokers Association will raise concerns over the Australian Competition and Consumer Commission’s insurance inquiry report with Treasurer Josh Frydenberg...
18 January 2021
Allianz Australia has introduced a new operating model to sharpen its focus on three key customer segments and announced the departure of Chief GM Broker and Agency David Hosking amid a number of changes...
18 January 2021
Queensland’s Cyclone Kimi has strengthened to a Category 2 and shifted south, the Bureau of Meteorology has warned...
18 December 2020
QBE expects to report a net loss of about $US1.5 billion for this year, with the result hit by COVID-19, catastrophes and a writedown of North American goodwill...
18 December 2020
Brokers with at least five years’ experience are among insurance industry personnel expected to be in high demand as business activity increases next year, recruiting firm Hays says...