Daily
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...
Steadfast flags US expansion as profit increases
17 August 2023
Steadfast has reported a 22.5% rise in underlying full-year earnings and has flagged that it will provide details on an expected US transaction by its October annual general meeting...
CQIB unveils new board, president
17 August 2023
The Council of Queensland Insurance Brokers has elected a new nine-person board to lead the organisation at the conclusion of its annual general meeting this morning...
'I'll just get the cash': car claim denied after buyer drives off
17 August 2023
A complainant who had his vehicle stolen by a would-be purchaser will not be compensated for his losses after a dispute ruling supported his insurer’s application of a policy exclusion...
Funds available for flood-hit businesses
17 August 2023
NSW agricultural processing businesses hit by last year’s devastating flood catastrophe can apply for a share of $22 million in government funds to re-establish operations...
ASIC sets out areas for home claims handling improvement
16 August 2023
An Australian Securities and Investments Commission review of home cover claims handling has found insurers must improve their communications, project management, identification of vulnerable consumers and complaints, and resourcing...
Insurance Brands Australia names new CEO
16 August 2023
Insurance Brands Australia, which was acquired by Steadfast a year ago, has named Scott Leis as CEO...
Insurer not liable for 'alcohol-induced' cruise ship tumble
16 August 2023
A claimant who sustained severe injuries in a fall on a cruise ship after drinking alcohol will not have his medical costs covered after failing to overturn his insurer’s claim denial...
INsight podcast: everyone's talking about affordability
16 August 2023
Actuaries Institute reports on home insurance affordability provide the main talking point on the latest episode of the Insurance News podcast...