Daily
Treasury consults on reforms after commissions mix-up
12 June 2024
Treasury is seeking feedback on draft legislation for the Albanese government’s first tranche of financial advice reforms, which include requiring general insurance brokers to obtain commission consent from retail clients if personal advice has been or is likely to be provided...
Queensland budget ‘fails’ on mitigation, affordability
12 June 2024
A Queensland budget focused on cost-of-living savings has “glaringly failed to address” insurance affordability, a consumer group says, with the state also offering little new on mitigation and resilience...
Woolies wins court battle over mango mishap
12 June 2024
A shopper who slipped on a stray piece of mango has lost her bid for compensation from Woolworths, despite a finding that the supermarket chain failed in its duty of care...
Insurer criticised for claims handling ‘fishing exercise’
12 June 2024
A Victorian driver who tested positive for marijuana after his car collided with a friend’s vehicle and hit a tree has won a claim dispute and $1000 compensation over an insurer’s handling of his case...
Code revamp must not ‘silo’ vulnerability, consumer groups warn
11 June 2024
Customer vulnerability should be considered across “the entire journey of insurance” and protections improved in pricing promises, cash settlements and other areas, consumer groups have told an independent review of the code of practice...
AUB to take stake in British AR network
11 June 2024
AUB Group will acquire a 40% stake in Momentum Broker Solutions under an equity partnership agreement with the UK authorised representative network...
Insurer loses flood exclusion dispute
11 June 2024
An Allianz home and contents policyholder has won a claim dispute after her property was inundated...
Zurich director recognised in King’s Birthday Honours
11 June 2024
Zurich Australia director and former Actuaries Institute president Nicolette Rubinsztein has been made a Member of the Order of Australia in the King’s Birthday Honours for her services to business...
Financial Rights demands broad remit for levy monitor
07 June 2024
The NSW emergency services levy monitor should have a broad remit to research insurance industry pricing practices, as was the case under previous arrangements, a consumer group says...
Major flood risk remains as NSW battles severe wet weather
07 June 2024
The Hawkesbury-Nepean River region faces major flooding in the coming hours, the Bureau of Meteorology warned this afternoon in its latest weather update for NSW...
AFCA brushes off dental tourist’s jaw injury claim
07 June 2024
A man who travelled overseas for dental treatment has lost a claim dispute after saying he sustained a jaw injury during his outbound flight...
IAG strikes deals to power all operations with clean energy
07 June 2024
IAG has secured renewable energy supply agreements across its Australian and New Zealand operations that it says mark a “tangible step” towards meeting its 2050 net zero carbon emissions target...
Engineers support building code changes to stop water leaks
06 June 2024
Engineers Australia has backed proposed changes to the National Construction Code that it says could prevent water leaks – the leading cause of defects in apartments and commercial buildings...
Refund rejected after row over funeral cover payments
06 June 2024
A man in his mid-80s who paid funeral cover premiums worth more than double the $10,000 benefit has lost a dispute with his insurer over a request for a refund...
ICA proposes more local council input on resilience projects
06 June 2024
The Insurance Council of Australia has called on the federal government to better tap local councils’ knowledge to maximise benefits from resilience projects delivered through the Disaster Ready Fund...
Record reinsurance a ‘vote of confidence’ in EQC
06 June 2024
New Zealand’s EQC Toka Tu Ake has secured record reinsurance of $NZ9.2 billion ($8.5 billion) to cover natural hazards...
Aldi launches ‘exceptional value’ insurance
05 June 2024
Aldi will sell car, home and landlord cover in Australia under a new distribution agreement with Honey – the first time the supermarket has added insurance to its offer worldwide...
Chubb to buy Australian aviation specialist
05 June 2024
Chubb will acquire Melbourne-based Catalyst Aviation Insurance, a managing general agent that specialises in general aviation cover for the Australian market...
‘Wake-up call’: Medibank faces court action over hack
05 June 2024
The government has brought civil action against Medibank Private for failing to take “reasonable steps” to protect the privacy of almost 10 million customers when it was hacked in 2022...
INsight podcast: class action revives pricing promises scandal
05 June 2024
A class action launched over home and contents loyalty discounts is the main topic of discussion on the latest Insurance News podcast...