Daily
IAG appoints UK executive William McDonnell as CFO
05 October 2023
IAG has appointed William McDonnell, a London-based senior leader in finance, risk and climate action, as CFO following a search to replace Michelle McPherson, who is retiring from the role...
Nearby not close enough: fitness centre loses BI dispute
05 October 2023
A Melbourne fitness centre has lost a dispute over pandemic business interruption cover after unsuccessfully pointing to a Federal Court test case ruling to argue that an outbreak in the local community was sufficient to meet policy requirements...
Complainant wins lost luggage dispute over bag left on plane
05 October 2023
A traveller who lodged a claim for lost luggage after leaving a bag on a plane has won his dispute after the Australian Financial Complaints Authority ruled that his insurer could not apply an exclusion...
Lithium batteries causing home fire claims: AMI
05 October 2023
Lithium-ion batteries and their charging systems are resulting in at least one home insurance claim for fire damage per month, AMI data shows...
Cost of living pressures drive householders to shop around
04 October 2023
Fewer people are automatically renewing their household insurance policies and an increasing number are approaching other companies and considering switching compared to two years ago, Roy Morgan data shows...
ASIC appeals funeral insurer court decision
04 October 2023
The Australian Securities and Investments Commission has appealed part of a Federal Court decision handed down last month in relation to the regulator’s case against ACBF Funeral Plans...
Flood plus storm equals flood: insured loses claim dispute
04 October 2023
A NSW property owner whose home was inundated by a combination of stormwater and floodwater will not be covered for her losses after a dispute ruling panel backed her insurer’s decision to decline the claim...
INsight podcast: good levees, bad levies
04 October 2023
The return of the European delegation of insurance leaders and Assistant Treasurer Stephen Jones is the first discussion point on the latest Insurance News podcast...
Marsh McLennan appoints AIG’s Ferrier as New Zealand head
03 October 2023
AIG executive Toni Ferrier has been appointed Marsh McLennan New Zealand CEO and Marsh New Zealand President, effective from early next year...
FAR start date for insurers finalised, regulators take charge
03 October 2023
The Financial Accountability Regime start date for the insurance industry has been finalised after legislation for the Hayne royal commission recommendation received Royal Assent last month...
FM Global opens third Australian office
03 October 2023
Commercial property insurer FM Global has opened an office in Perth to service clients and broker partners in WA...
'No clarity': claimant wins dispute over property condition
03 October 2023
A Victorian homeowner who claimed for water damage after a pipe burst has won a dispute after his insurer alleged that he misrepresented the property’s condition...
‘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...