04 December 2020
Structural changes will persist post-COVID, requiring that insurers adjust their underwriting accordingly and scrutinise risk models, Australian Prudential Regulation Authority Chairman Wayne Byres says...
04 December 2020
A drunk driver who crashed into a house and asked for “special consideration” to have her unsuccessful claim for third-party property damage overturned, citing her financial hardship, has lost her dispute against the insurer...
03 December 2020
The Australian Financial Complaints Authority has come in for rare criticism after it emerged that the dispute-handling body most likely did not act impartially and fairly in handling two cases that were lodged against DH Flinders, a specialist funds management advisory business...
03 December 2020
AUB Group has entered into a partnership with accounting and tax services network group Kelly+Partners to provide a wider range of advice and assistance for clients and members...
03 December 2020
The Reserve Bank of New Zealand announced today it has issued “formal directions” to Pacific International Insurance after the insurer repeatedly failed to comply with its reporting and disclosure obligations...
03 December 2020
Qantas Home Insurance, underwritten by Auto & General, was today added to the airline’s stable of cover options, which spans health, travel, life and car insurance...
02 December 2020
Risk managers will need to ensure their businesses step up mitigation action to ease the impact of a hard insurance market, which still has some way to run due to a number of drivers, FM Global says...
02 December 2020
Car insurer Koba is on track to introduce its kilometre-based motor insurance in Australia next year after successfully completing a first funding round...
02 December 2020
The latest episode of the Insurance News podcast examines the latest APRA statistics and what they mean for the industry and its customers...
02 December 2020
A man who woke up in hospital and had no recollection of how he got there after a night out during a vacation in Bali has won a claim dispute for medical expenses...
01 December 2020
The Federal Court is considering a business interruption exclusion in a Vero policy that a Melbourne cafe and restaurant argues does not prevent cover for losses triggered by COVID-19 restrictions...
01 December 2020
A jet skier who was involved in a collision and had his insurance claim for watercraft damage denied because his blood alcohol content reading exceeded the legal limit has won his complaint against the insurer...
01 December 2020
The Australian Competition and Consumer Commission has completed its final report on insurance affordability in northern Australia...
01 December 2020
Renewable energy projects need to provide as much information as possible to give underwriters confidence given the pace of expansion and innovation in the sector, Berkshire Hathaway Specialty Insurance says...
27 November 2020
The Federal Court has ruled Youi breached Insurance Contracts Act requirements on five occasions in its handling of a Broken Hill hailstorm claim that was the subject of a Hayne royal commission case study...
27 November 2020
More than 400 authorised representatives and industry partners watched a virtual presentation of this year’s Insurance Advisernet awards yesterday...
27 November 2020
The Australian Securities and Investments Commission has today provided draft details of how insurance claims handling will be regulated as a financial service when legislation for the Hayne royal commission proposal is passed in Parliament...
27 November 2020
A complainant who spun a tale about how a spider caused him to lose control of his car, sending the vehicle crashing into a guard rail, has failed in his bid to have his motor insurance claim accepted...
26 November 2020
The NSW Court of Appeal test case decision on business interruption policy wordings represents “one piece of a much larger puzzle” and has left insurers facing continued uncertainty and possible reputational impacts, AM Best says...
26 November 2020
NSW state insurer icare has extended EML’s workers’ compensation claims services provider contract for 12 months ahead of a tender planned for the middle of next year that could increase the number of agents...