12 November 2020
The Australian Prudential Regulation Authority has revised a proposed remuneration standard aimed at improving corporate culture, after insurers and other financial firms said the plans would have unintended consequences...
12 November 2020
The Insurance Council of Australia board today appointed four directors, and accepted the resignation of outgoing IAG CEO Australia Mark Milliner...
11 November 2020
Insurers are advised to strategically select areas of innovation that will generate maximum payback, with customer experience and distribution likely to offer the greatest returns on investment for local cover providers, consultant Accenture says...
11 November 2020
The National Insurance Brokers Association has taken issue with NSW state insurer icare over proposed changes to letters of appointment used in the workers’ compensation scheme...
11 November 2020
Australian-headquartered global insurtech Cover Genius has teamed up with travel marketplace Skyscanner to introduce “first of its kind” COVID-19 travel insurance, giving cover for sickness and disruption caused by the virus...
11 November 2020
An MLC life insurance customer whose premium rose more than 700% in 14 years has lost a dispute after seeking a refund of premiums paid...
10 November 2020
AUB Group says the business has started the new financial year with “strong momentum”, giving it the confidence to raise its 2020/21 earnings guidance...
10 November 2020
Treasury has announced plans to outlaw unfair contract terms following a public consultation on ways to improve the existing framework’s protections for small businesses and consumers who sign on to standard form contracts...
10 November 2020
The NSW State Insurance Regulatory Authority has proposed spreading COVID-19 workers’ compensation costs across the state scheme amid uncertainty about the potential volume and size of possible claims...
10 November 2020
That awkward Christmas Day after-lunch slot when everybody’s slumped on the couch but can’t agree what to watch might just have been dealt with – thanks to a new board game from IAG subsidiary NRMA Insurance...
06 November 2020
Australian insurers are set for more pain in the coming months as earnings continue to take a hit from the virus-linked recession, Fitch Ratings warns in a new report...
06 November 2020
General insurance disputes received by the Australian Financial Complaints Authority increased to 19,103 last financial year, according to its annual review published today...
06 November 2020
Suncorp says natural hazard costs across Australia and New Zealand for the first four months of the financial year are estimated at $348-408 million following last weekend’s destructive hailstorm...
06 November 2020
A NSW woman whose farm shed kit was damaged in a bushfire before it could be constructed on a newly laid concrete slab has lost her claim dispute...
05 November 2020
Commercial rates in the Australia-dominated Pacific market set a new record for the second straight quarter, rising 33% in the three months to September, according to the latest pricing report from Marsh...
05 November 2020
Genworth Mortgage Insurance Australia has strengthened its claims reserving due to reduced loan delinquency visibility caused by COVID-19 restrictions and government and lender support packages, and with an uneven economic recovery expected...
05 November 2020
Global claims management group Crawford & Company has acquired Australia’s HBA Group, a law firm with a significant presence in the insurance industry servicing underwriters, brokers and other insurance-related businesses...
05 November 2020
A driver whose wheel arch was dented and his rear door scraped by a ski while in a carpark at an Alpine resort has lost a claim dispute after his insurer charged multiple excesses...
04 November 2020
IAG will await the results of a legal test case before updating the market on possible business interruption claims losses, despite some investor concerns about the need for more immediate disclosure...
04 November 2020
A homeowner who complained new customers were being offered home and contents cover for hundreds of dollars less than he was charged at renewal has lost a dispute over his annual premium increase...