Daily
Court backs Chubb in D&O dispute over ‘bribery’ case
26 November 2024
Chubb has won a $4.5 million directors’ and officers’ claim dispute after a court found the former CEO of fleet hire company Orix failed to disclose knowledge of alleged bribes connected to customers...
Regulator cracks down on workers’ comp underinsurance
26 November 2024
NSW regulators have recovered more than $10 million in workers’ compensation premiums from 81 employers suspected of underdeclaring nearly $450 million in wages...
Laser battle ends in victory for customer
26 November 2024
A beauty salon owner has won her bid to be fully covered for a broken laser machine after her insurer applied an underinsurance clause and only partially covered the loss...
Campsite fined over deadly branch fall
26 November 2024
A Victorian caravan park has been fined $475,000 for failing to keep its workplace safe after a camper was killed by a falling tree branch...
New Zealand industry award winners ‘raise the bar’
22 November 2024
IAG-owned AMI has been crowned general insurance company of the year in New Zealand, while Marsh took top honours in the large broking company category...
Errors and long tails among key cyber threats, seminar hears
22 November 2024
About one in three cyber incidents causing insured losses are the result of human error, a senior actuary told yesterday’s Insurance News cyber seminar...
Claimant wins right to limit access to personal info
22 November 2024
Southern Cross Travel Insurance must continue assessing a travel claim after losing a dispute over a policyholder’s refusal to authorise access to private information...
Dive company fined over ‘horrific’ cylinder explosion
22 November 2024
A Victorian dive company has been fined $40,000 after an exploding scuba cylinder severed an instructor’s leg and caused significant building damage...
No let-up in affordability strain, analysts warn
21 November 2024
Worsening affordability looms as a major test for insurers after they relied mainly on rate increases to drive premium growth, McKinsey & Company says in a global report...
Emerging risks in tech, supply chains front of mind for business
21 November 2024
Technology and artificial intelligence dominate emerging risk concerns for Asia-Pacific businesses, while supply chain worries feature prominently, a WTW report published today finds...
‘Groundbreaking’ mould research prompts reform call
21 November 2024
A project involving Victoria’s building regulators and a leading mould remediation group has produced a set of reform proposals to tackle building moisture problems, after the release of “groundbreaking research”...
Driver’s dune nosedive a ‘genuine mistake’
21 November 2024
A driver who crashed his truck on a sand dune will be covered for his losses after the dispute authority found he did not act recklessly...
Cyberattack data reveals ‘persistent and disruptive’ threat
20 November 2024
More than 87,400 commercial cybercrimes were reported last financial year, the Australian Signals Directorate intelligence agency says in an annual update...
Insurers cop criticism over 600 quake claims
20 November 2024
A string of earthquakes in Muswellbrook, NSW, has led to more than 600 claims and criticism of insurers from local politicians, who have labelled the response “a joke”...
Widow secures payout after dispute around husband’s death
20 November 2024
A woman has won a claim dispute after her husband died of a heart attack overseas and their travel insurer refused to pay out over an alleged misrepresentation of pre-existing conditions...
INsight podcast: Finity assesses high-flying industry profits
20 November 2024
Finity's Optima report and what it tells us about industry profitability is the main topic debated on the latest episode of the Insurance News podcast...
Senate committee delays insurance report
19 November 2024
A Senate inquiry examining insurance affordability and availability has delayed the publication of its final report for a week...
Insurance News launches Outlook 2025 conference
19 November 2024
Insurance News will hold its second annual conference in March, tackling the key issues affecting the industry and providing unparalleled access to experts...
‘Left in limbo’: plea for progress on advice reform amid hold-up fears
19 November 2024
Life insurers have pressed the federal government to push ahead with plans to introduce a simple advice model after a media report today said the reform was at an impasse...
AFCA rules waxing salon is business, not hobby
19 November 2024
A Suncorp customer who did not disclose that his wife ran a beauty salon from their home has lost a storm damage claim dispute...