Daily
APRA acts against insurer over risk governance weaknesses
30 January 2024
Auto & General Insurance Company has been ordered to rectify “significant” risk governance weaknesses following an Australian Prudential Regulation Authority review, the watchdog announced today...
Consumers first up as federal MPs begin flood hearings
30 January 2024
Consumer groups will drive home their concerns over insurers’ handling of flood claims at the opening hearing of a parliamentary inquiry tomorrow morning...
Zurich veteran returns as NZ manager
30 January 2024
Zurich has appointed former executive Adrian Sweeney as its GM of New Zealand...
Underwriting agencies Wellington, Epsilon and Aster join forces
30 January 2024
Epsilon, Wellington Underwriting and Aster are merging to create a business that will have more than $150 million in gross written premium...
Cyclone claims lodged as Townsville avoids major damage
29 January 2024
Cyclone Kirrily has caused less damage than feared after crossing the Queensland coast between Townsville and Ingham, but insurers have received hundreds of claims and the downgraded tropical low is continuing to contribute to wet weather in the state...
Rhodian launches A&H underwriting specialist
29 January 2024
Agencies accelerator Rhodian Group has launched accident and health (A&H) specialist Batch Underwriting, the second business it has introduced to the market...
‘Fraudulent’ claimant loses dispute over racetrack motorbike crash
29 January 2024
A motorcyclist has lost his claims dispute after he was found to have falsely described how his vehicle was damaged...
‘Proud’ ex-NIBA boss on Australia Day honours list
29 January 2024
Former National Insurance Brokers Association CEO Dallas Booth has been named on this year’s Australia Day Honours List, in recognition of his decades-long contribution to the industry...
UAC takes control of broker expos after ‘complaints’
25 January 2024
The Underwriting Agencies Council says it will take sole responsibility for running all its Australian expos, after receiving complaints about the three events that have been jointly branded and run with the National Insurance Brokers Association...
Work underway to improve motor smash and repair code
25 January 2024
The Motor Vehicle Insurance and Repair Industry Code of Conduct is set for a “rewrite” and other updates in response to recommendations made in an independent review that was conducted last year...
Matter of minutes: owner loses dispute over car stolen from garage
25 January 2024
The owner of a stolen 2018 Maserati Levante has lost his claims dispute after a ruling panel found the claimant had left the vehicle unattended and at increased risk...
Oracle Group announces leadership change
25 January 2024
Authorised Representative network Oracle Group Australia has named Jane Martin its new MD, taking over from Matthew Denehy, who has taken up a new role in the company...
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...