Daily
Suncorp looks to future as ‘pureplay’ insurance company
20 February 2024
Suncorp has welcomed an Australian Competition Tribunal decision that opens the way for it to sell its banking division and become a company solely focused on insurance...
Broking, agencies drive AUB first-half earnings
20 February 2024
AUB Group has raised its 2023-24 earnings guidance after a strong first half, supported by its core broking and agencies businesses...
Gallagher buys mining broker
20 February 2024
Gallagher Australia has completed its first acquisition of the year, securing a merger deal with Perth mining specialist Ansin Insurance Brokers...
Insurer denies claim for boarding home fire
20 February 2024
A homeowner who claimed for fire damage has lost an insurance dispute after a panel found he breached his policy terms by using the property as a boarding house...
QBE result soars on investments, rising premiums
16 February 2024
QBE’s full-year earnings surged to $US1.36 billion ($2.1 billion) after investment income more than doubled and strong premium growth continued...
IAG first-half earnings up on price increases, as home pressures persist
16 February 2024
IAG’s insurance profit grew strongly from July to December, rising 75.4% or $264 million to $614 million, the insurer announced this morning...
Cyclone closes on NT coast
16 February 2024
Tropical Cyclone Lincoln is expected to cross the NT coast as a category 1 system later today, after a tropical low developed in the Gulf of Carpentaria...
Australian risk expert wins RIMS’ top honour
16 February 2024
Sydney-based Eamonn Cunningham has won this year’s RIMS Harry & Dorothy Goodell Award, the first time it has been given to a non-American...
Cash payouts flagged for code review
15 February 2024
Cash settlements could be a focus for the code of practice review, the parliamentary inquiry into the 2002 floods has heard, as insurers face criticism for underpayments and pressuring vulnerable consumers...
Homes destroyed as fires hit west Victoria
15 February 2024
Bushfires have destroyed at least 25 properties in regional Victoria, near the state’s famed Grampians National Park northwest of Melbourne...
Christmas storms cost $1.4 billion
15 February 2024
Deadly storms that struck Australia’s east coast in December produced insured losses of $1.4 billion, the nation’s largest catastrophe loss of last year, analyst Perils says...
Insurer wins fight for more details on traveller’s hospitalisation
15 February 2024
Travellers who were forced to end their trip early when a member of their group fell ill will be required to provide more information about his hospitalisation, after a dispute ruling sided with their insurer...
AI poised to lift customer service, Suncorp says
14 February 2024
Advanced technology will help identify unhappy customers and turn around their interactions and claims experiences, an expert from Suncorp told a packed house at this year’s insurtechLIVE in Sydney yesterday...
Insurer ordered to cover strata owner’s leaking pipe
14 February 2024
Strata Community Insurance Agencies must pay a policyholder over costs related to a leaking pipe after a dispute ruling rejected the application of a wear and tear exclusion...
Former Steadfast exec becomes 360 information chief
14 February 2024
360 Underwriting has appointed Niels Laaper as Chief Information Officer...
INsight podcast: is flood inquiry asking the right questions?
14 February 2024
The questions put to insurance executives during the Federal Government's ongoing flood inquiry hearings are discussed on the latest edition of the Insurance News podcast...
Flood inquiry ready to grill QBE, Hollard
13 February 2024
QBE and Hollard are next to appear at the parliamentary inquiry into insurers’ responses to the 2022 floods, as an initial four-week program of hearings wraps up...
SA builders’ warranty review examines cover limits, broker distribution
13 February 2024
The SA Government has launched a six-week public consultation on ways to improve the state’s builders’ warranty insurance scheme, which is designed to protect homeowners if their contractors go bust, die or disappear...
Don’t miss Insurance News’ inaugural conference
13 February 2024
Tickets are selling fast for Insurance News’ inaugural industry conference in March, which aims to provide deeper understanding of the global and national insurance industries...
Panel backs insurer over pre-existing property damage
13 February 2024
A property owner’s storm damage claim will not be paid after a dispute resolution panel ruled the likely cause of the loss was a flood that happened before he bought a policy...