Daily
‘Mitigation yes, subsidies no’: what Europe’s reinsurers told minister
29 September 2023
The delegation of Australian insurance leaders and Assistant Treasurer Stephen Jones has returned from London and Munich with a clear message from leading reinsurers...
Tasmania ditches insurance fire service levy in funding revamp
29 September 2023
The Tasmanian Government is abolishing a fire services funding levy imposed on business insurance policies as part of emergency services reforms...
Victoria’s building regulator charged after inspector suicide
29 September 2023
WorkSafe has charged the Victorian Building Authority with breaches of the Occupational Health and Safety Act after an inspector took their own life in May 2022...
'Five-year delay': insurer must complete repairs on mishandled claim
29 September 2023
An Australian Financial Complaints Authority panel has required QBE to complete repairs to a home significantly damaged by fire in 2017 and further compensate the property owner after it was found to have poorly handled the claim...
Intermediaries place $18.49 billion premium in June half
28 September 2023
General insurance intermediaries invoiced about $18.49 billion in premium in the first six months of the year, up from $16.6 billion a year earlier, the Australian Prudential Regulation Authority says in a bi-annual update today...
Tower places reinsurance program with ‘moderate’ increases
28 September 2023
New Zealand insurer Tower says it has successfully renewed reinsurance terms for the next 12 months, with moderate increases in pricing and excesses...
Complainant loses dispute over partner's alcohol-induced car accident
28 September 2023
A complainant whose partner took her vehicle while drunk and crashed it when she was not home will not be covered for the damage after a dispute ruling found that the man had express consent to drive the car...
ANZIIF announces NZ awards finalists
28 September 2023
The Australian and New Zealand Institute of Insurance and Finance has revealed the finalists for its upcoming New Zealand Insurance Industry Awards...
Court approval sought for Victorian JLT class action settlement
27 September 2023
Victorian Supreme Court approval is being sought for a settlement of the local government class action against JLT, with a legal notice showing that councils won’t receive compensation from the firm under the proposals...
ICNZ CEO Tim Grafton announces departure
27 September 2023
The Insurance Council of New Zealand, Te Kahui Inihua o Aotearoa, has announced CEO Tim Grafton will step down from his position next year...
Bureau adds cyclone forecast to preparation toolbox
27 September 2023
The Bureau of Meteorology has created a tropical cyclone forecast to improve weather event preparedness in Australia...
INsight podcast: what's on the Radar
27 September 2023
Taylor Fry's Radar report, which examines trends in all the major insurance classes, is the main point of discussion on the latest Insurance News podcast...
Suncorp expects competition tribunal bank sale ruling next year
26 September 2023
Suncorp expects the Australian Competition Tribunal to deliver a decision by the end of February on the proposed $4.9 billion sale of the company’s bank to ANZ...
Allianz calls for action on 'worrying' mental health trend
26 September 2023
Allianz wants a nationwide "workplace realignment" and mental health solutions for employees after a survey indicated widespread fatigue and burnout...
Industry's annual diversity festival kicks off
26 September 2023
The annual global diversity and inclusion Dive In event starts today as key findings from a survey reveal the insurance industry has much to do in areas like mental health and gender equality...
Crop insurer entitled to deny diseased bean claim
26 September 2023
A farmer who says a fungal disease outbreak that reduced the harvest yield for his faba bean crop was caused by a hailstorm has lost his claims dispute...
'Irrational and moronic': Lloyd’s executive warns on D&O
22 September 2023
Irrational underwriting behaviours are driving a “relatively shambolic state” in the directors’ and officers’ market, with sharp rate declines and widening coverages increasing potential loss severity, a Lloyd’s senior executive has warned...
Stadium not liable after NRL fan slips on grandstand steps
22 September 2023
The NSW Court of Appeal has overturned a decision to award a woman $91,117 after she slipped on grandstand steps and fell heavily on the concrete while attending a National Rugy League game...
Ageing transport networks 'not designed for seismic shocks'
22 September 2023
Australia’s ageing transportation networks are in need of a “comprehensive” seismic risk assessment, Risk Frontiers says in a briefing note...
Landlord loses dispute over drug farm fire
22 September 2023
A landlord whose property was severely damaged by a fire caused by a tenant’s illegal drug operations will not have her claim paid after a dispute ruling backed her insurer’s application of a policy exclusion...