Daily
IAG to fight ASIC court action on loyalty discounts
25 August 2023
IAG will fight legal action launched by the Australian Securities and Investments Commission over allegations that it misled customers about loyalty discounts on certain types of home insurance...
ANZ, Suncorp apply for tribunal review of blocked bank sale
25 August 2023
ANZ and Suncorp have formally applied for a review of the Australian Competition and Consumer Commission decision to deny authorisation for the insurer’s proposed sale of its bank...
ANZIIF awards recognise top performers
25 August 2023
Insurance individuals and companies leading the way have been recognised in the annual Australian and New Zealand Institute of Insurance and Finance awards...
Claimant not covered after relative’s illness cancels holiday
25 August 2023
A traveller who was forced to cancel his trip to Fiji after he became his grandmother’s primary carer has lost his claims dispute...
Investment recovery lifts industry net profit
24 August 2023
The general insurance industry posted significantly higher net profit for the year to June 30, increasing fivefold to $4.6 billion from $900 million a year earlier, Australian Prudential Regulation Authority (APRA) figures released today show...
Queensland Government home buyback acceptance increases
24 August 2023
The Queensland Government has announced that nearly 500 homeowners have agreed to have their properties repurchased under the Resilient Homes Fund...
Homeowner wins $5400 compensation over make safe failure
24 August 2023
A homeowner has won a compensation payout after successfully arguing the insurer failed to make the property safe after it was hit by a falling tree, leading to additional damage beyond the initial incident...
Work-life balance seen as key path to talent retention
24 August 2023
Gallagher Bassett has detailed a focus on addressing work-life balance as a critical tool for employers to improve workforce retention as the industry continues to face challenges with talent shortages...
PSC books higher earnings, announces new chairman
23 August 2023
PSC Insurance Group has posted a rise in full-year earnings, supported by strong results across its distribution and agency businesses in Australia as well as its UK operations...
Spring outlook: Australia braces for increased fire risk
23 August 2023
Queensland and NSW face increased bushfire risk this spring while Victoria can expect warmer weather in the next few months and an earlier start to the high risk fire season, according to the Australasian Fire Authorities Council...
Property owner wins lightning damage dispute after strike contested
23 August 2023
A Queensland homeowner who sought cover after their home’s electric cables were damaged by lightning has won his claims dispute following an Australian Financial Complaints Authority decision...
INsight podcast: mainstream media attack falls flat
23 August 2023
The Australian Securities and Investments Commission report on claims handling was one of the main topics discussed on the latest edition of the Insurance News podcast...
Greensill collapse: IAG estimates $7 billion in legal claims
22 August 2023
IAG has provided an update on its potential exposure following the collapse of financial firm Greensill in 2021...
AUB earnings surge on Tysers, margin expansions
22 August 2023
AUB Group earnings have surged with the Tysers acquisition performing above expectations and increased revenues and margin expansion reported across existing broking and agencies divisions...
QBE names interim CEO North America
22 August 2023
QBE has appointed Julie Wood as interim CEO North America, taking over from Todd Jones who will leave the business at the end of this month...
'Didn't prove prejudice': insurer must pay claim despite misrepresentation
22 August 2023
Auto & General will be required to accept a home damage claim after its decision to decline due to the claimant’s misrepresented claims history was overruled...
Cover-More claims officer jailed after admitting long-running fraud
18 August 2023
A former Cover-More claims officer has been jailed for five years after admitting defrauding his employer of more than $220,000...
Suncorp, AMA Group conclude motor repair network pricing talks
18 August 2023
Crash repairer AMA Group has concluded negotiations with Suncorp over pricing arrangements for vehicles booked into Capital Smart sites, after seeking improved terms due to inflation and supply constraint impacts exacerbated by covid disruptions...
‘Extraordinary scale’: Gabrielle, floods losses top $NZ4 billion
18 August 2023
Losses from New Zealand’s Cyclone Gabrielle and North Island floods have risen to a combined $NZ4.013 billion ($3.71 billion), based on the latest update from Swiss catastrophe data firm Perils...
WA watchdog takes Western Power to court over 2022 bushfire
18 August 2023
Building and Energy WA has commenced legal action against Western Power, alleging the state-owned electricity provider breached safety regulations that led to a massive bushfire in February last year...