Daily
CHU, QBE lock in strata underwriting deal
20 June 2024
Steadfast strata agency CHU has reached agreement with QBE on a long-term deal for the insurer to continue providing underwriting capacity...
Fifteen in running for NIBA young broker award
20 June 2024
The National Insurance Brokers Association has named 15 finalists who are vying to be crowned young broker of the year...
Insurance News to host insurtech seminar
20 June 2024
Insurance News will hold a full-day seminar on August 6 exploring how to stay up to speed and seize opportunities in insurtech...
Storms dominate weather claims in ‘quieter’ autumn
20 June 2024
Storms accounted for 69% of NSW wild weather claims in autumn and were the leading cause of claims in the ACT, according to NRMA Insurance’s season update...
QBE signals ‘orderly’ retreat from North American middle market
19 June 2024
QBE will exit its North American middle market segment, which recorded gross written premium of about $US500 million ($754 million) last year, to focus on better-performing business in the region...
AMA Group reveals new chairman, plans ACM Parts sale
19 June 2024
AMA Group has named Brian Austin as chairman in a board shake-up and says it will sell its ACM Parts business to become a “pure” collision repairer...
ICA hails NSW budget’s resilience, levy pledges
19 June 2024
The NSW government has produced a budget that “should improve insurance outcomes” for residents, the Insurance Council of Australia says, citing the state’s new resilience package and commitment to pursuing emergency services levy reforms...
INsight podcast: insurers have their say on code review
19 June 2024
The Insurance Council of Australia's submission to the code of practice review is the main topic of conversation on the latest Insurance News podcast...
Premium growth to slow as inflation eases, S&P says
18 June 2024
Australian property and casualty insurers will probably moderate premium rate increases through to next year as inflationary pressures ease, while profitability should remain strong, S&P Global Ratings says...
AFCA to shed light on claims, misrepresentation disputes
18 June 2024
The Australian Financial Complaints Authority will provide more clarity on how decisions are reached in claims handling and misrepresentation disputes...
State issues battery warning as fire danger mounts
18 June 2024
WA Emergency Services Minister Stephen Dawson has warned homeowners over a rise in lithium-ion battery fires, echoing concerns raised by insurers in recent months...
Insurer loses dispute after fraud accusation against dying man
18 June 2024
An insurer has been told to honour a claim from a policyholder who died of cancer two years ago...
Queensland care providers welcome ‘critical’ abuse cover scheme
14 June 2024
The Queensland government will spend $623,000 developing a long-term indemnity scheme to protect out-of-home care and youth homelessness providers...
Steadfast’s ISU Group names ‘visionary’ CEO successor
14 June 2024
US broker network ISU Group, acquired by Steadfast last year, has announced COO Dan McCarthy will take over as CEO from TJ Ryan III, who has led the business for more than three decades...
Exhausted employees drive up workers’ comp claims
14 June 2024
Allianz has reported a sharp increase in mental health claims over the past five years as employees feel increasingly burnt out juggling economic and work pressures...
Hollard wins dispute over premature bathroom repair
14 June 2024
A homeowner who stripped out her bathroom before lodging a claim for a water leak has lost a dispute with her insurer...
Victorian builders’ warranty premiums soar after record claims
13 June 2024
The Victorian Managed Insurance Authority has announced average premium rises of 53% for its compulsory builders’ warranty insurance scheme following record claims payments in the past several months...
Treasury owns commission error in draft reform
13 June 2024
A Treasury official has clarified that the department was responsible for mistakes in a draft bill that could have led to a ban on commissions for intermediaries providing general advice...
Mother loses travel cover dispute over cancer diagnosis
13 June 2024
A Zurich travel insurance policyholder has lost a claim dispute after she cancelled a holiday because her daughter was diagnosed with cancer...
State funds technology to ‘weed out dodgy builders’
13 June 2024
NSW will use new digital capabilities in data and analytics to track high-risk builders and “get them out of the sector”...