Daily
Senate inquiry on retirement system targets insurance outcomes
28 November 2023
Terms of reference for a new Senate inquiry on the Australian retirement system include general and life insurance as areas that will be examined...
Injured tiler must repay $90,000 workers' compensation
28 November 2023
A Melbourne tiler has been convicted of fraud after he lodged a workers’ compensation claim after sustaining a back injury in September 2019 and received payments until early 2022 while working at a number of properties...
Lismore restaurant wins cover for stormwater inundation
28 November 2023
A Lismore pizza store owner whose restaurant was flooded in February last year has won a claims dispute with her insurer after showing the initial inundation was caused by stormwater...
Victoria steps up building insurance enforcement
28 November 2023
The Victorian Government has introduced laws into Parliament today to prevent builders accepting deposits under a major domestic contract before they have taken out the required insurance...
ASIC permanently bans former broker Renato De Maria
24 November 2023
The Australian Securities and Investments Commission has permanently banned former insurance broker Renato De Maria from providing any financial service...
At least 10 Perth homes destroyed by bushfire
24 November 2023
A bushfire has destroyed at least 10 homes north of Perth and emergency warnings remain in place as temperatures are forecast to reach nearly 40 degrees over the weekend...
PSC Insurance Deputy Chairman joins AMA Group board
24 November 2023
PSC Insurance Group Deputy Chairman Brian Austin is joining the board of collision repairer AMA Group as an independent non-executive director effective from December 1...
'Selective investigation': AFCA overrules insurer’s fraud allegation
24 November 2023
A complainant whose vehicle slipped down a boat ramp into water will be compensated for his losses after a dispute ruling dismissed his insurer’s allegation that the claim was fraudulent...
Australia must avoid California path on protection gap: ICA
23 November 2023
California’s heavy reliance on regulation to address insurance problems provides an example of what not to do in dealing with the issues, Insurance Council of Australia CEO Andrew Hall told the National Press Club in Canberra today...
Aon experts cool on severe bushfire loss predictions
23 November 2023
Despite an active El Nino and vegetation growth fuelled by previous La Ninas, Aon experts say there’s no guarantee we’ll have the severe bushfire losses that many are predicting...
FMG, AA Insurance win ANZIIF NZ awards
23 November 2023
Farmers’ Mutual Group has been crowned New Zealand’s General Insurance Company of the Year, while AA Insurance is Claims Team of the Year...
Travellers denied cover over Mumbai visa debacle
23 November 2023
Complainants who were stopped from boarding their flight due to not having a valid visa for transit in India have lost their dispute against their insurer’s decision to decline their claim...
Caravan park hit by covid closure wins BI cover dispute
22 November 2023
A caravan park on the outskirts of Tamworth that was closed to tourists due to a covid outbreak has won a dispute over business interruption cover...
Government commits $587 million to ‘bold and ambitious’ cyber strategy
22 November 2023
Almost $600 million has today been pledged to beef up Australia’s cyber security to 2030, including plans for “no-fault, no-liability" ransomware reporting obligations for business...
QBE veteran Ross Vinen dies
22 November 2023
Melbourne-based insurance expert Ross Vinen has died. Mr Vinen, known as Rosco, held various senior management and underwriting positions, specialising in liability insurance, over a career spanning 46 years...
INsight podcast: relief at last from ESL hell
22 November 2023
The NSW Government's surprise announcement on its plans to abolish the Emergency Services Levy is the main talking point on the latest Insurance News podcast...
Innovation needed as mitigation offers ‘cold comfort’: Business NSW
21 November 2023
Business NSW has called for the development of innovative insurance products that can deliver affordability and claim handling benefits, given slow-moving risk reduction reforms offer “cold comfort” for firms facing immediate cost and cover pressures...
IAG creates EM role to transform complaints handling with AI
21 November 2023
IAG has appointed Jacqueline Rush to the newly-created role of EM Customer Relations, Regulatory and Transformation, responsible for overhauling IAG’s complaints system using new technology...
Insurers agree to co-fund financial counselling scheme
21 November 2023
The Insurance Council of Australia says the industry is participating in a $30 million co-funding agreement led by the Commonwealth to expand the provision of financial counselling services...
'Unreasonable': AFCA orders insurer to complete delayed home repair
21 November 2023
An Australian Financial Complaints Authority ruling has "compelled" an insurer to complete home repairs within two months, and awarded the claimant $5000 for delays that left his property uninhabitable for more than a year...