Daily
Court says pedestrian injury decision wrong
13 July 2023
Allianz Australia has won a judicial review of a NSW Personal Injury Commission determination which apportioned more blame to its insured driver than the pedestrian who walked into the driver’s path...
ANZIIF reveals 2023 award finalists
13 July 2023
The Australian and New Zealand Institute of Insurance and Finance has announced the contenders for the 2023 Australian Insurance Industry Awards...
IAG says theft of vapes a rising trend
13 July 2023
IAG has revealed an alarming increase in ram raids in New Zealand with thieves frequently targeting vapes...
Who’s paying? $10,000 strata excess at centre of water damage dispute
13 July 2023
An apartment owner who was required to pay a $10,000 excess for a water damage claim has lost his challenge against his insurer’s settlement offer, which he says is insufficient to complete repairs...
Zurich names new local general insurance head
12 July 2023
Zurich has promoted Alex Morgan to the role of Head of General Insurance, Australia & New Zealand, replacing Sean Walker who will relocate from Sydney to Singapore to take the newly created role of Head of Commercial Insurance & Chief Technical Officer (APAC)...
Victoria raises builders’ warranty premiums by 43%
12 July 2023
The Victorian Managed Insurance Authority has announced a 43% rise in builders’ warranty premiums in anticipation of higher claims costs from builder insolvencies...
NIBA reveals NSW/ACT award winners
12 July 2023
Finsura Senior Account Manager Barry Sonter has won the 2023 National Insurance Brokers Association Broker of the Year award for NSW/ACT, while Network Insurance Group Account Director Joel Morrell has won the region’s Young Broker of the Year award...
INsight podcast: renewed focus on reinsurance
12 July 2023
The mid-year reinsurance renewals are the focus of the latest episode of the Insurance News podcast...
Mining equipment company wins court dispute over bridge collision
11 July 2023
A coal mining equipment specialist whose workers misjudged the height of a bridge, crashing into it while transporting an excavator, has won a court case against its insurer...
New national review seeks to improve disaster governance arrangements
11 July 2023
Federal and state governments have commissioned a review into natural disaster governance arrangements as part of ongoing efforts to strengthen the country’s preparedness for future catastrophes...
QBE to cover solar and wind farms, battery storage in Australia
11 July 2023
QBE has launched insurance for renewable energy initiatives within Australia...
Insurer not required to cover for 'tsunami' in regional NSW
11 July 2023
Property owners in central NSW who say their severely damaged home was covered under their policy’s tsunami benefit have lost their claims dispute...
NIBA tweaks broker code on commissions transparency
07 July 2023
The National Insurance Brokers Association has restricted new rules on remuneration disclosure to retail clients, after consulting with members and taking into account the Quality of Advice Review final report...
360 Underwriting launches Professional & Financial Risks agency
07 July 2023
360 Underwriting Solutions has announced an 18th agency as its group of companies continues to grow...
IAG renews quota share arrangement with Hannover Re
07 July 2023
IAG has renewed its 2.5% whole-of-account quota share arrangement with Hannover Re after the previous deal was due to expire on June 30...
Car water damage claim hits roadblock
07 July 2023
A man claiming his unroadworthy car could not start after it was driven through heavy water has had his claim rejected with the insurer proving there was no sign of water damage...
ICA pushes for ‘strong leadership’ to address climate threat
06 July 2023
The Insurance Council of Australia has called for “strong leadership” from Canberra to help the industry tackle climate change impacts...
Brazen fraudster forced to repay $135,000 for fake injuries and jobs
06 July 2023
A man who made up workplace injuries and forged payslips from his sister-in-law must do 300 hours of unpaid community work and repay nearly $135,000...
Cyber market has potential to rival D&O in size: Howden
06 July 2023
The growth potential for cyber insurance is “unparalleled” and could see global premiums exceed $US50 billion ($75 billion) by 2030, Howden says in a Coming of Age report...
Claimant loses dispute over 'upgrades' to damaged farm buildings
06 July 2023
A farm owner has lost their challenge to have their insurer pay for the reconstruction of several degraded buildings after a dispute decision found the repairs constituted upgrades not covered by the relevant policy...