Daily
Cyclone set to form near Queensland, severe impact ‘possible’
17 January 2024
A Coral Sea tropical low could develop into a cyclone early next week and affect the Queensland coast, the Bureau of Meteorology warned today...
North Queensland groups call for cyclone pool expansion
17 January 2024
Three North Queensland development bodies have united to demand reforms to the government’s cyclone reinsurance pool – including that damage is covered for seven days after the end of an event...
AIG appoints New Zealand GM
17 January 2024
Liam Pomfret has been promoted to the role of AIG New Zealand GM...
Frozen out: travellers lose compensation bid for covid-disrupted Antarctica trip
17 January 2024
A couple forced to isolate for part of their trip to Antarctica following a covid diagnosis have lost their claims dispute after an Australian Financial Complaints Authority decision found that they did not suffer any financial losses...
‘Quite a gathering’: insurance chiefs head north for government roundtable
16 January 2024
An insurance roundtable hosted by Assistant Treasurer Stephen Jones will take place in Cairns tomorrow, with discussions expected to focus on the response to Cyclone Jasper and subsequent flooding, and the design of the cyclone reinsurance pool...
Cyberattack tops 2024 business worry list: Allianz
16 January 2024
Cyber incidents are the most pressing risk for businesses both in Australia and globally, Allianz’s latest annual risk barometer says...
HDI Global names Tarantino next Singapore MD, appoints liability leader
16 January 2024
HDI Global SE says Regional Underwriting Manager Liability and Cyber, Asia Pacific Alex Tarantino will become Singapore MD from mid-year, following the retirement of Graham Silton...
Boat owner loses liability dispute over son-in-law’s severed finger
16 January 2024
A complainant who claimed for injuries to his son-in-law following a water ski accident will not be covered after a dispute ruling sided with his insurer’s denial...
Claim numbers climbing after eastern states wild weather
15 January 2024
Insurers have received more than 60,000 claims from the storms and flooding that swept across the eastern states from late December to early January and numbers are continuing to climb...
ICNZ announces new CEO, President
15 January 2024
The Insurance Council of New Zealand board has appointed former cabinet minister Kris Faafoi as its new CEO to replace the outgoing Tim Grafton...
Sedgwick makes senior appointment in Australia
15 January 2024
Loss adjuster Sedgwick has appointed Jonathon Vaisey as Head of Major and Complex Loss Property...
Aspen skier loses dispute over costs cover following baggage delay
15 January 2024
A traveller who says he had to spend more than $10,000 on ski trip clothing and other items after his baggage was delayed has lost a dispute over his insurer’s decision to provide limited cover for the expenses...
ICA declares catastrophe for ex-Cyclone Jasper
21 December 2023
The Insurance Council of Australia has declared a catastrophe for ex-Tropical Cyclone Jasper, with more than 3800 claims already lodged in an area extending from Cape York Peninsula to Mackay...
ASIC suggests timeframe on Deloitte flood review response
21 December 2023
The Australian Securities and Investments Commission says it generally supports recommendations in the Deloitte report into last year’s floods response, but suggests insurers may need “an external deadline” to ensure actions are fully delivered...
Axa XL appoints Australia claims head to APAC, Europe role
21 December 2023
Axa XL Australia Head of Claims Julijana Sumner has been appointed Chief Claims Officer for APAC & Europe and XL Insurance Company SE, subject to regulatory approvals...
Insurer fails to overturn AFCA decision in spine exclusion dispute
21 December 2023
The Federal Court has dismissed a life insurer’s appeal against an Australian Financial Complaints Authority decision in a superannuation dispute arising from a total and permanent disability claim...
Insurers well placed to meet ‘modest’ Jasper claims: S&P
20 December 2023
Claims from floods related to Tropical Cyclone Jasper are slowly mounting, though S&P says the area’s low property density and prevalent underinsurance should limit fallout for insurers...
Business as usual: Ebix Australia says unaffected by US issues
20 December 2023
Ebix Australia has reassured the local market that its operations are not affected by the decision of Ebix Inc in the US to file for protection under Chapter 11 of the Bankruptcy Code...
Wild summer weather looms despite ‘quietest’ spring
20 December 2023
Potentially damaging hail, bushfires and other wild weather events remain a threat in the next few months even after a benign spring, NRMA Insurance says...
INsight podcast: signing off with a significant flood
20 December 2023
The Far North Queensland flooding in the wake of Cyclone Jasper is the main topic of discussion on the latest edition of the Insurance News podcast...