Daily
Celebrity jeweller ‘absolutely denies’ insurance fraud charges
26 March 2024
Sydney jeweller Michel Germani will plead not guilty to allegations that he helped plan and coordinate a staged armed robbery at his Hilton Hotel store in Sydney’s CBD in January last year in an attempt to defraud an insurer...
Guy Carpenter names Pacific CEO
26 March 2024
Global reinsurance broker Guy Carpenter has appointed Ben Savill as CEO of Pacific to lead and manage its broking operations in Australia and the region, effective April 1...
Strata group fast-tracks insurance disclosure improvements
26 March 2024
Strata Community Association Australasia will fast-track the mandatory introduction of improved insurance disclosure practices and has outlined measures to address complaints and conflicts of interest...
Complainant wins misrepresentation dispute over vehicle refrigeration unit
26 March 2024
A vehicle owner has won his bid to overturn a claim denial after a dispute ruling found the insurer hadn’t shown he had not knowingly made a misrepresentation about a fitted refrigeration unit...
Insurer’s contract term is not unfair, court rules
22 March 2024
The Federal Court has ruled a contract term in Auto & General home and contents policies requiring customers to notify the insurer of any changes to insured properties is not unfair...
Trowbridge urges shift to full replacement policies
22 March 2024
Industry consultant John Trowbridge says home insurers should move towards offering total replacement policies to tackle “systemic” underinsurance...
ACIL, apartment owners call for ‘thorough investigation’
22 March 2024
Apartment owner groups have joined with the Australian Consumers Insurance Lobby in calling for national and NSW regulators to start a “thorough investigation” into the practices of strata management firm Netstrata and its associated entities...
Beauty therapist wins dispute over flood exclusion, mould
22 March 2024
The owner of a wellness business that was overwhelmed with water and mould damage will be partially covered for her losses after winning a dispute against her insurer’s application of a flood exclusion...
Insurers launch premium discounts through bushfire resilience app
21 March 2024
Suncorp and IAG-owned NRMA Insurance will offer premium discounts to home policyholders who use a self-assessment app to improve their bushfire risk...
Netstrata to request NSW Fair Trading review after criticism
21 March 2024
Strata management company Netstrata says it will ask NSW Fair Trading to conduct a review of its practices after an ABC report highlighted excessive insurance fees paid by apartment owners...
Domestic violence victim wins part of payment made solely to ex-partner
21 March 2024
A joint homeowner will be entitled to payment for damage to her property after she successfully challenged her insurer’s decision to pay a claim settlement solely to her ex-husband...
INsight podcast: who is NIBA's new leader?
21 March 2024
The incoming CEO of the National Insurance Brokers Association is the first item of discussion on the latest Insurance News podcast...
ACIL gathering community input on ‘questionable’ strata practices
20 March 2024
The Australian Consumers Insurance Lobby says it’s seeking information directly from individuals, businesses and industry insiders on their strata sector experiences after the group received “overwhelming" feedback from its exposure of questionable practices...
‘Nearly over’: weather bureau predicts El Nino end
20 March 2024
Latest climate indicators show the ongoing El Nino event continues to weaken and should fade completely by the end of next month, the Bureau of Meteorology says...
Homeowner wins extra cover after insurer worsens mould
20 March 2024
The Australian Financial Complaints Authority has required RACQ Insurance to increase its liability to a homeowner beyond its sum insured after it found the insurer’s inadequate repairs contributed to mould damage...
NZ experts link hazard science to urban planning
20 March 2024
University of Waikato experts are working on a new model to incorporate natural hazard science into city planning...
Compensation scheme crunches funding requirements
19 March 2024
The Compensation Scheme of Last Resort will require about $28.9 million to pay for eligible claims in its first two years of operation...
Summer 'highest claims season in almost two years'
19 March 2024
NRMA Insurance received 19,600 claims during summer for wild weather damage to homes and vehicles, the highest seasonal claim number since autumn 2022...
Insurer ordered to address fire-damaged vehicles claim
19 March 2024
An insurer must issue a decision on two damaged vehicles after it alleged that the claimant had not cooperated with its requests for information and denied the claims...
Finity launches cloud-based NZ risk analytics tool
19 March 2024
Actuarial firm Finity has launched its cloud-based Central platform in New Zealand, after updating the system to include flood and storm risks facing individual properties across the country...