Daily
Cyclone Kirrily expected to form tonight, Queensland prepares
24 January 2024
The Bureau of Meteorology has forecast that Tropical Cyclone Kirrily will form tonight and cross the Queensland coast on Thursday night or early Friday morning at category two intensity...
Parliamentary floods inquiry sets dates for first hearings
24 January 2024
The parliamentary inquiry into insurers’ responses to major flooding in 2022 has scheduled its first round of public hearings, with insurers, consumer groups and regulators set to appear over five days starting next Wednesday...
Insured losses for Cyclone Jasper and holiday floods pass $740 million
24 January 2024
The Insurance Council of Australia has released its first estimate of the claims cost for ex-Tropical Cyclone Jasper and the Christmas and New Year floods, totalling $743 million...
AUB ready to ‘capitalise’ on opportunities after refinancing
24 January 2024
AUB Group says the business is ready to “capitalise” on organic and inorganic growth opportunities, after its existing $675 million syndicated debt facility was refinanced and raised to $850 million...
Applications open for second round of Disaster Ready Fund projects
23 January 2024
The Federal Government has opened applications for the second round of its $1 billion five-year Disaster Ready Fund, which backs resilience and risk reduction projects, while bringing the states and territories on board...
Victoria state insurer hit with claims influx after builder insolvencies
23 January 2024
The state-owned Victorian Managed Insurance Authority has received 4849 domestic building insurance claims since March 1 last year from property owners whose builders have gone into insolvency, including the collapse of Melbourne-based Porter Davis...
Police officer faces court over alleged insurance fraud
23 January 2024
A NSW police officer has been charged with offences related to alleged fraudulent insurance claims after two vehicles were suspiciously destroyed by fire...
Kidney disease claimant wins pre-existing condition dispute
23 January 2024
A complainant who claimed for Temporary Total Disablement after he was diagnosed with renal failure and chronic kidney disease has successfully challenged his insurer’s denial...
Severe tropical cyclone forecast to cross Queensland coast
22 January 2024
Queensland can expect a severe tropical cyclone to cross the coastline on Thursday, possibly between Cairns and Mackay, while parts of the state further south could be affected by later flooding as the weakened system travels over land, the Bureau of Meteorology said today...
IAG appoints technology and transformation EGM
22 January 2024
Andrea Walsh has been appointed EGM Technology and Transformation at IAG’s Intermediated Insurance Australia division, a newly formed role...
Xceedance aims to grow presence with UAC partnership
22 January 2024
Insurance consulting firm Xceedance has formed a partnership with the Underwriting Agencies Council as the business aims to strengthen its presence in the intermediary channel...
Body corporate wins compensation for insurer-caused delays
22 January 2024
An Australian Financial Complaints Authority ruling has required Chubb to apologise and pay a complainant $3000 after it failed to respond appropriately to a claim...
Lloyd's Mackinnon set for Singapore move to take up expanded role
19 January 2024
Lloyd’s Regional Head of Australia and New Zealand Chris Mackinnon will start a new position on April 1 as Regional Director for the Asia Pacific, Middle East and Africa markets, taking over from Iain Ferguson who is retiring at the end of the year...
ALRC finalises proposals to reform financial laws ‘tangled mess’
19 January 2024
The Australian Law Reform Commission has finalised proposals to revamp “convoluted” financial services laws following the completion of a three-year inquiry...
Canopius pursues regional expansion in professional lines
19 January 2024
Canopius Group has appointed Robert Barnum as Underwriter Professional Lines, Australia and Asia Pacific as the firm looks to expand its operations in the region...
Insurer not required to cover flight cancelled after dog attack
19 January 2024
A man who cancelled his flight after his son was bitten by a dog has lost his claims dispute over his insurer’s decision not to reimburse him...
Cyclone risk firms for next week as coastal threat monitored
18 January 2024
The Bureau of Meteorology has firmed its forecast for a cyclone to form in the Coral Sea early next week, with a Queensland coastal impact remaining a possible path for the potentially damaging system...
Code committee seeks consumer views on expert assessors
18 January 2024
The General Insurance Code Governance Committee is seeking feedback from people who have had experiences with expert assessors for home claims as it inquires into their use following issues identified in a report last year...
Top insurtechs to compete at pitchLIVE in February
18 January 2024
The best insurtech players from Australia and New Zealand will be recognised at a pitch event hosted by Insurtech Australia next month...
Concreter wins dispute over pump damaged in fall
18 January 2024
A concrete pumping contractor who sought cover for damage to his machinery has won his claim dispute after his insurer alleged that he had breached operating standards...