Daily
Vero SME index: broker satisfaction soars to new high
07 March 2024
Client satisfaction with brokers is at a record high while cost pressures and tough economic conditions have prompted more businesses to question their coverage, according to the annual Vero SME Insurance Index...
Not just flood: Treasury considers more standard hazard definitions
07 March 2024
Federal Treasury is considering creating more standardised definitions for natural hazards and reforming the standard cover regime...
Chubb names new NZ president
07 March 2024
Chubb has named David Morrow as New Zealand Country President, succeeding Andrew Brooks who left the company last month...
Driver loses claim battle after meth-induced crash
07 March 2024
A driver who said he unknowingly ingested methamphetamine before crashing his car has lost a claim dispute with his insurer...
Insurers on edge over cyber, climate and regulatory slip-ups
06 March 2024
Australian insurers are increasingly stressed, driven by concerns over cyber threats, climate change and challenges from new regulations...
Industry urged to crack down on financial abuse
06 March 2024
Insurers should act to stop perpetrators of financial abuse cancelling policies without victims knowing, the Centre for Women’s Economic Safety says...
‘Watching closely’: ASIC fires warning on claims handling
06 March 2024
The corporate regulator has put insurers on notice over claims handling after another summer of damaging weather events, as the Insurance Council of Australia admits systems are “operating at near capacity”...
INsight podcast: mind the gap
06 March 2024
The gender pay gap is the main topic of discussion for the panel on the latest edition of the Insurance News podcast...
Code committee demands improvement on broker breach reporting
05 March 2024
The Insurance Brokers Code Compliance Committee has again told the industry to raise its game on the monitoring and reporting of breaches...
Sovereign deal helps Mustard spread into personal lines
05 March 2024
Mustard Underwriting and Sovereign Insurance Australia will launch home and contents, landlord and motor products under a new exclusive partnership...
Elderly traveller denied payout after gastro curtails trip
05 March 2024
A traveller who fell ill and returned early from a trip abroad has lost a claims dispute after his insurer argued he was not medically required to end his holiday...
Summer catastrophe losses hit $1.2 billion
05 March 2024
The claims cost of Christmas and New Year floods and Cyclone Jasper has reached $1.2 billion, with 28% of cases already closed, according to the Insurance Council of Australia...
ASIC wins appeal over funeral insurer’s false Indigenous ownership claim
01 March 2024
A funeral insurer misrepresented to Indigenous consumers that the business was owned or managed by Aboriginal people, the Full Federal Court has ruled, overturning an earlier decision...
Insurance among top cyber targets
01 March 2024
Insurance organisations accounted for 9% of 483 reported cyber incidents in the second half of last year, making them the third most targeted industry in Australia...
Parts of NT, WA face increased fire risk
01 March 2024
The Australasian Fire and Emergency Services Authorities Council has released its Seasonal Bushfire Outlook for autumn, with much of the country facing normal fire risk after above average rainfall...
Payout for driver who ‘drank spirits after car crash’
01 March 2024
A driver who crashed his car has won a claim dispute despite recording a blood-alcohol level above the legal limit hours after the accident...
Court agrees lawyer costs in IAG disclosure class action
29 February 2024
The Supreme Court of Victoria has approved a group costs order application by the lead plaintiff in a shareholder class action against IAG over the insurer’s disclosure of potential exposure to covid-related business interruption claims under policies with outdated Quarantine Act wordings...
Suncorp accused of ‘systemic failures’ on motor repairs
29 February 2024
Body repair members of the Victorian Automotive Chamber of Commerce say Suncorp is taking up to five months to return vehicle assessments, leaving policyholders and repairers “in limbo”...
Allianz won’t comment on Hunter sale reports
29 February 2024
Allianz has declined to respond to speculation it is looking to sell its Hunter Premium Funding business...
Insurer wins dispute over flood assessment
29 February 2024
The Australian Financial Complaints Authority has backed Allianz’s decision to increase an NT homeowner’s flood charge by more than $980 despite protests from the policyholder...