Daily
Cyclone pool generates ‘significant’ savings
10 May 2024
The federal government’s cyclone reinsurance pool is delivering average premium savings of 38% on home insurance in the highest-risk areas, new statistics show...
QBE ‘on track’ after first quarter, confirms guidance
10 May 2024
QBE says premium rates continued to rise in the first quarter, strong investment returns were achieved and the company is on track to meet financial guidance...
Brothels lose BI disputes after covid shutdowns
10 May 2024
Two Victorian brothels forced to close because of covid orders have failed to have business interruption claims covered after the Australian Financial Complaints Authority found in favour of their insurer...
Strata commissioner to speak at Insurance News seminar
10 May 2024
NSW strata commissioner John Minns will be the final speaker at an Insurance News half-day seminar that will examine trends and challenges in the rapidly expanding sector...
RACQ ‘hires bankers for possible sale’
09 May 2024
RACQ has reportedly appointed Bank of America to prepare for the possible sale of its insurance business...
Claimant wins payout for air ambulance from Bangkok
09 May 2024
A traveller who needed a medical evacuation after falling seriously ill in Thailand has been awarded $195,223 to cover the costs under a complaints authority ruling...
Flammable cladding plus battery charging equals ‘ticking time bomb’
09 May 2024
Strata Community Association Queensland says about 800 buildings across the state are still riddled with dangerous flammable cladding, and the risk is heightened by increased use of electric vehicles, bikes and scooters...
Workers' comp claimant sentenced over fraud
09 May 2024
A machinery operator who provided false documents to continue receiving workers’ compensation payments has been ordered to repay $75,014 and placed on a 12-month community correction order...
Concern AFCA decision on engine fire could impact policy wordings
08 May 2024
Allianz is reviewing a dispute ruling after it was ordered to pay a claim for a car engine fire that the insurer considered to be mechanical failure...
Flood insurers cop flak for ‘random determinations’
08 May 2024
Standard policy wordings for all water damage causes and for wear and tear exclusions were urged today as the federal inquiry into the handling of 2022 flood claims visited Eugowra in NSW...
AUB upbeat as ‘favourable momentum’ continues
08 May 2024
AUB Group has provided a brief investor update flagging continued strong performance with less than two months to go in the financial year...
INsight podcast: code breaches soar again
08 May 2024
Rapidly rising breaches of the General Insurance Code of Practice are the main discussion point on the latest Insurance News podcast...
Flood inquiry: rural communities criticise ‘cultural divide’
07 May 2024
People from central-NSW shires Forbes and Cabonne have told the federal flood inquiry that insurers displayed a “culture that does not understand rural and regional Australia” when handling claims in 2021 and 2022...
Eye doctor penalised for professional misconduct loses dispute
07 May 2024
An ophthalmologist has lost a claim dispute over $329,233 in legal fees after a patient complained he massaged her breasts and asked inappropriate questions...
Builder suspended over insurance breaches
07 May 2024
Victoria has suspended Aycon Constructions & Building Services for breaching insurance laws that require firms to acquire builders’ warranty cover before accepting customer deposits...
Embrace AI to get ahead, agencies and brokers told
07 May 2024
Generative artificial intelligence has the potential to transform insurance by improving efficiency and effectiveness, experts say...
Home buybacks ‘not the only answer’ on flood resilience
03 May 2024
Incentives such as lower premiums are needed to encourage home raising and retrofitting, and buybacks are no silver bullet for resilience, Queensland Reconstruction Authority CEO Jake Ellwood told an event today...
NSW Fair Trading launches strata agency probe
03 May 2024
Strata management agency Netstrata faces a NSW Fair Trading review following the recent media spotlight on its operations...
Truckie pays for posting during workers’ comp fraud
03 May 2024
A truck driver who posted on social media about his new job while receiving weekly workers’ compensation payments must pay $85,000 following a WorkSafe investigation...
Interim chief takes the helm at Club Marine
03 May 2024
Allianz-owned boat insurer Club Marine has appointed Tim Wiles as CEO after he took the role on an interim basis last November...