Daily
Consumer groups target ‘wild variance’ in terms and conditions
14 December 2023
Consumer groups have proposed reforms to address “wild variance in terms and definitions” and are calling on the Federal Government to re-examine the flood definition, in a submission to a parliamentary inquiry into insurers’ responses to last year’s flooding...
NSW broker hit with life ban for misconduct
14 December 2023
Former NSW-based insurance broker Cesar Cutro has been served a life ban after he misled clients about the true base premium and also engaged in other deceptive misconduct, the Australian Securities and Investments Commission announced today.
Australia to introduce world-first ban on engineered stone
14 December 2023
A nationwide ban on the use and importation of engineered stone products will begin next year following unanimous agreement from state and federal workplace ministers to stop the production of the cancer-linked material...
ROLLiN’ policyholders given premium cuts for safe driving
14 December 2023
IAG brand ROLLiN’ has launched a new app called Safe ‘n Save that records driving data, then rewards customers achieving good scores with a discount of up to 15% on the next month’s premium...
Port Douglas hunkers down as Jasper approaches
13 December 2023
Insurer response teams are on standby as Far North Queensland readies for Cyclone Jasper, which today intensified to a category 2 system and began crossing the coast, bringing destructive winds and flash flooding...
Claimant unloading shopping not covered for stolen vehicle
13 December 2023
A car theft victim has lost her challenge to overturn her insurer’s claim denial after a dispute ruling found the woman did not take reasonable steps to safeguard the vehicle while it was unattended...
Cyclone Reinsurance Pool joined by all large insurers
13 December 2023
All major insurers required to join the Federal Government-backed Cyclone Reinsurance Pool have come on board, with about 94% of the scheme’s expected exposure now covered...
INsight podcast: simple advice raises questions
13 December 2023
The Federal Government’s proposal to allow insurers to provide “simple advice on less complex matters” was the main topic of discussion on the latest edition of the Insurance News podcast...
NSW Government to meet with industry over ESL reforms
12 December 2023
The NSW Government has scheduled face-to-face meetings with representatives from the insurance sector this week to discuss ways to reform the state’s Emergency Services Levy funding arrangements...
Strata association produces insurance disclosure guide
12 December 2023
Strata Community Association has produced a best practice guide that aims to improve disclosure in areas such as commissions, conflicts of interest and the allocation of remuneration...
Homeowner wins dispute after son’s hidden drug cultivation causes fire
12 December 2023
A homeowner who sought cover for a house fire that was caused by his son’s illegal cannabis cultivation has won his dispute against his insurer’s claim denial...
Industry veteran Kingsley Lamont dies
12 December 2023
Insurance industry veteran Kingsley Lamont, who was prominent in the early formation of Steadfast and OAMPS, died in Perth on Thursday after a battle with pancreatic cancer...
ACCC says cyclone pool full impacts may be ‘some time’ away
08 December 2023
The Australian Competition and Consumer Commission says it may be “some time” before consumers see the full impact on premiums from the Federal Government’s cyclone reinsurance pool, with most major insurers only recently joining the scheme...
UAC honours William Legge with Lifetime Achievement Award
08 December 2023
The Underwriting Agencies Council has presented former GM William Legge with a Lifetime Achievement Award...
Bundaberg flood levee 'a step closer'
08 December 2023
The Queensland Government says the Bundaberg East Levee project is a “step closer” to being delivered after it announced that necessary approvals are in place and it has begun to consult with experts to finalise design plans...
Claimant loses dispute over $45,000 African clothes
08 December 2023
A complainant who sought cover for $45,000 worth of cultural African clothing that he says was damaged by a storm has lost his claims dispute against his insurer...
Industry backs move to allow insurers to offer ‘simple advice’
07 December 2023
General insurers will be permitted to provide “simple advice” under a new model announced today by Financial Services Minister Stephen Jones, as the Albanese Government wraps up its response to the Quality of Advice Review final report...
Allianz urges Federal Government flood pool feasibility study
07 December 2023
Allianz Australia has recommended that the Federal Government undertake a feasibility study on options for a national flood reinsurance pool to address cover affordability problems for high-risk homeowners...
Homeowner wins disclosure dispute over business in farm shed
07 December 2023
A property owner whose home was flooded has successfully overturned his insurer’s decision to deny his claim after it alleged that he breached his policy terms by failing to disclose a business operation...
CSLR transitional board names CEO
07 December 2023
The Compensation Scheme of Last Resort Transitional Board has appointed David Berry as its inaugural CEO as it gears up for the start of operations next year...