Daily
Crawford names Australia President
01 August 2023
Crawford & Company National Executive Adjuster Jonathan Hubbard has been appointed Australia President, taking over from Tim Jarman who is preparing to retire at the end of the year, the claims management group announced today...
ICA suggests changes on AFCA bad behaviour rules
01 August 2023
The Insurance Council of Australia has suggested toughening Australian Financial Complaints Authority proposals to crack down on poor behaviour by paid representatives while seeking to ensure vulnerable customers who may come across as potentially threatening are not excluded...
El Nino likely within weeks
01 August 2023
An El Nino climate event is likely to develop in coming weeks, the Bureau of Meteorology said today...
Driver loses kangaroo dispute after being bounced from own policy
01 August 2023
A complainant who sought cover for car damage caused by a kangaroo will not be compensated after she was found to have been excluded from her own motor vehicle policy...
AFCA insurance complaints jump 50% as claim delay disputes soar
28 July 2023
General insurance complaints surged 50% to 27,924 in the past year, and claim delays were the top cause of disputes escalated to the Australian Financial Complaints Authority...
PI exemption for midwives offering homebirth services extended
28 July 2023
Midwives in private practice can continue to provide homebirth services without mandatory professional indemnity insurance after the Federal Government extended the exemption for another two years, to June 30 2025...
Vero takes out Gold Mansfield for claims excellence
28 July 2023
Vero has taken out the Gold Mansfield for claims excellence for a fourth straight year, with the award presented in Sydney last night...
Allianz boosts partnership to deliver disaster-readiness events
28 July 2023
Allianz will expand its partnership with volunteer non-profit group Disaster Relief Australia to help provide a series of future resilience events for communities recently impacted by disasters...
Planners, builders, insurers unite on flood plain reform
27 July 2023
Planners, builders and insurers have held an inaugural roundtable that has pressed the importance of ensuring no more homes are built without considering flood plain risks, while also calling for national collaboration on retreats from extreme risk locations to address legacy threats...
Destructive bushfire conditions ‘ripening’: Actuaries Institute
27 July 2023
All the ingredients are in place for high bushfire risk in the summers ahead, according to the latest Australian Actuaries Climate Index...
Doyen of insurance law dies suddenly
27 July 2023
Tributes have poured in for former Australian Insurance Law Association (AILA) WA president Greg Pynt, who died suddenly at the age of 67 on Sunday in Perth...
INsight podcast: focus on floods and reinsurance pools
27 July 2023
The Federal Government's parliamentary inquiry into insurers' response to last year's floods is the focus of the latest episode of the Insurance News podcast...
ICA ramps up resilience push
26 July 2023
The Insurance Council of Australia has stepped up its call for increased resilience investment and better policy focus, saying the country “cannot continue with business as usual” after natural disasters led to a record $7.168 billion in insured damages last year...
Insurance premiums 'keeping services inflation high’: ABS
26 July 2023
Inflation for services in Australia has hit its highest rate in more than two decades, driven by rises in the cost of insurance, rent and other essentials...
IAG to make 54 roles redundant, says FSU
26 July 2023
The Financial Services Union has revealed a full breakdown of roles to be made redundant at IAG, with 35 finance roles and another 19 across risk, technology and human resources to go as it consolidates group-level functions...
Insurer not required to cover earthquake claim despite initial acceptance
26 July 2023
A Victorian homeowner who was told that his earthquake damage claim would be covered before his insurer reversed its decision has lost his claims dispute...
Marinas make waves over surging insurance premiums
25 July 2023
Marina operators in northern Australia have pleaded for government help with escalating marine insurance premiums, which in some cases have risen by more than 300% and seen policyholders slugged with a cyclone excess of half a million dollars...
Ex-IAG employee loses unfair dismissal case over WFH inactivity
25 July 2023
A former IAG employee whose laptop was found to have only minimal keyboard activity when she worked from home has lost an unfair dismissal case against the insurer...
Gumtree gets into pet insurance through partnership
25 July 2023
Gumtree has introduced pet insurance to its online marketplace, via a partnership with PetSure brand petinsurance.com.au...
Property owner wins storm damage dispute over wear and tear
25 July 2023
A homeowner whose property was damaged following an “overwhelming” storm will be compensated after winning a dispute to overturn his insurer’s application of a wear and tear exclusion...