27 October 2020
The National Insurance Brokers Association has proposed to the Australian Securities and Investments Commission that industry qualification standards should be changed to include a diploma requirement...
27 October 2020
Insurers in Australia have their work cut out when it comes to online customer engagement, according to a recent survey...
23 October 2020
IAG shareholders, who are also employees, hit out at the insurer’s proposed pay deal as simmering tensions over remuneration conditions spilled into the open at today’s virtual annual general meeting...
23 October 2020
QBE has appointed Richard Pryce as interim Group CEO while the search continues for a permanent replacement for Pat Regan, who departed suddenly in September following an investigation into his workplace communications...
23 October 2020
Australian Securities and Investments Commission Chairman James Shipton will “stand aside” pending the outcome of a review in relation to relocation expenses paid to him and Deputy Chairman Daniel Crennan...
23 October 2020
Insurance House has invested in Commercial Insurance Group, based in the south-eastern Sydney suburb of Rockdale as it grows its operations in the region...
22 October 2020
Suncorp has pressed the case for the reopening of borders to help the economy recover from the impact of the COVID-19 outbreak and says its own program of work to reset its business post-pandemic is well underway...
22 October 2020
S&P Global Ratings has urged Australian insurers to consider other measures such as government-backed schemes to cope with what is expected to be a worsening claims burden from weather-related disasters as climate change intensifies...
22 October 2020
Axa XL has announced it will no longer write management liability or financial institutions business in the London market due to persistent profitability concerns, but the decision does not affect Australia...
22 October 2020
A man has lost a dispute with Suncorp after he lodged a claim for lost rental income from cancelled holiday bookings due to COVID-19 pandemic restrictions...
21 October 2020
Australian businesses are increasingly suffering “insurance stress” caused by price spikes, reduced coverage or an inability to secure insurance at all, a new survey has found...
21 October 2020
The builder of Sydney’s Opal Tower has won Federal Court action taken against Liberty Mutual and QBE over insurance claim denials for construction problems at the high-profile development...
21 October 2020
Hollard has lost a dispute over a roof damage claim after it was found the online insurance application process didn’t make clear the presence of asbestos needed to be disclosed...
21 October 2020
Insurers are facilitating greater Indigenous engagement with the creation of a new liaison forum and a round of consultation to understand how a proposal to raise the wall of Sydney’s Warragamba dam by 14 metres could impact upstream areas and cultural heritage sites...
20 October 2020
The National Insurance Brokers Association has received sharp criticism for significant hold-ups in reviewing its Insurance Brokers Code of Practice...
20 October 2020
Insurers should have a plan for responding to the outcome of the business interruption test case heard earlier this month, the Australian Securities and Investments Commission has told company directors...
20 October 2020
The Australian Securities and Investments Commission is stepping up regulatory preparations for the start of laws extending consumer and small business unfair contract term protections to insurance...
20 October 2020
The Financial Services Council has today released a report setting out suggestions on ways to improve the provision of advice to consumers, some of which could also impact general insurance...
16 October 2020
Almost half of insurance and finance businesses responding to a survey say they are accessing the Federal Government's JobKeeper scheme, and a similar number say upcoming changes will hit them hard...
16 October 2020
The Bank of Queensland has signed an agreement to sell St Andrew’s Insurance for $23 million to private investment vehicle Farmcove...