Daily
Pressures build in householders amid overall profit jump: Radar
21 September 2023
Action to address issues in the loss-making householders class is a priority for the general insurance industry, which made an overall profit last financial year after investment results rebounded, the latest Radar report from actuarial consultancy Taylor Fry shows...
Cairo go-slow: injured tourist compensated for delayed claim
21 September 2023
A traveller who suffered a hip injury during her holiday in Cairo will be awarded additional compensation after a dispute ruling found her insurer unnecessarily delayed its decision to accept the claim...
Wild weather on horizon after mild winter, insurers warn
21 September 2023
Insurers are urging Australians to "not be complacent” and prepare for all forms of wild weather after the Bureau of Meteorology declared an El Nino event this week and severe weather warnings were issued for large parts of Australia's south east...
Bureau releases summary of last year’s record spring floods
21 September 2023
The Bureau of Meteorology has released a formal record of the record-breaking floods across eastern Australia during last spring...
Insurers welcome NSW resilience funding, urge tax reform
20 September 2023
The Insurance Council of Australia has welcomed new funding in NSW to improve disaster resilience, while also urging that insurance taxes be addressed to encourage greater uptake of cover...
'Confusing question': insured wins dispute over condition of home
20 September 2023
A homeowner has successfully challenged her insurer’s decision to decline a storm damage claim over misrepresentation of the property’s condition, after a dispute ruling found she answered questions based on an “honestly held belief”...
Insurance Brands Australia acquires NSW broker
20 September 2023
Insurance Brands Australia has acquired Wagga Wagga-based Peacock Insurance, integrating it into its Insurance House broking operation...
INsight podcast: we're all going on a European tour
20 September 2023
The latest episode of the Insurance News podcast focuses on the delegation of insurance CEOs heading to Europe...
Double trouble: El Nino, IOD declarations reinforce dry outlook
19 September 2023
An El Nino and a positive Indian Ocean Dipole are underway, reinforcing the outlook for warmer and drier conditions for much of Australia over the next three months, the Bureau of Meteorology said today...
Axa XL names casualty, financial lines heads
19 September 2023
Axa XL Australia has announced key internal appointments, promoting Kim McEwan to the position of Head of Casualty and Ewen McKay to Head of Financial Lines...
Koba set for restart with new underwriter
19 September 2023
Local telematics insurtech Koba says it has partnered with a new underwriter after its arrangement with Eric Insurance concluded in July, forcing it to pause issuing new policies or renewals...
Insurer wins dispute over covid cover for cancelled cruise
19 September 2023
A claimant who complained about limited cover after a cancelled cruise lost his dispute following an Australian Financial Complaints Authority determination...
ICA writes to shire over townhouses planned for flood-prone land
15 September 2023
The Insurance Council of Australia has written to the Campaspe Shire Council in northern Victoria urging it to reconsider a decision to approve the construction of 16 townhouses on flood-prone land near the Murray River...
NZ insurers ‘making good progress’ on twin catastrophe claims
15 September 2023
Insurers have paid out more than $NZ2 billion in claims from this year’s twin disasters of the Auckland floods and Cyclone Gabrielle...
Coming decade critical for insurers to mitigate nature risks: ICA
15 September 2023
The next 10 years are a “critical window” for the insurance industry to play its part in mitigating nature-related risks, Insurance Council of Australia CEO Andrew Hall says...
Insured loses dispute over 'fraudulent' theft claim
15 September 2023
A theft victim who claimed for contents allegedly stolen from his home will not be reimbursed after a dispute ruling determined that the items were taken before an insurance policy had been incepted...
Specialty insurer announces Australia expansion, recruits Axa exec
14 September 2023
US specialty insurer Markel is launching in Australia and has recruited Axa XL Head of Long Tail Lines Rory Morison to lead its operations here...
Australians worry climate change will hike premiums
14 September 2023
Three-quarters of Australians are concerned climate change will make insurance more expensive, according to an Australia Institute survey of more than 2000...
Insured who completed repairs before claiming loses dispute
14 September 2023
A property owner who repaired and renovated her home before lodging a claim will not be covered after a dispute ruling found the works affected the insurer's ability to assess the situation...
R U OK? Last chance to complete wellbeing survey
14 September 2023
It's R U OK? Day and there's one last chance for readers to complete the Insurance News wellbeing survey...