Daily
No change after Eraaya takeover, Ebix Australia says
05 September 2024
Ebix Australia has confirmed its operations will continue unchanged following Eraaya Lifespaces’ acquisition of its US parent through a chapter 11 restructuring plan that took effect last week...
Insurer told to rethink home premium after ‘unjustified’ increase
05 September 2024
A policyholder has won a reduction to their home and contents premium after their insurer raised it more than 60% at renewal...
Insurance News conducts industry wellbeing survey
05 September 2024
As next week’s R U OK? Day approaches, Insurance News is once again inviting readers to participate in an anonymous survey to better understand your wellbeing and that of your industry peers...
Code monitor sets sights on claims handling, cash offers
04 September 2024
The General Insurance Code Governance Committee says cash settlements and poor claims handling practices are among its monitoring and enforcement priorities for the year ahead...
Zurich names new local risk chief
04 September 2024
Zurich Financial Services has appointed David Wainwright as chief risk officer for Australia and New Zealand...
Insurer wins dispute over ‘innocent misrepresentation’ on car
04 September 2024
The Australian Financial Complaints Authority has allowed Allianz to reduce its payout for a car damage claim after the vehicle owner’s incorrect model description led to an inflated insured value...
INsight podcast: Rendez-Vous sparks reinsurance reflection
04 September 2024
The state of the reinsurance market is the main topic of conversation on the latest episode of the Insurance News podcast...
Industry launches ‘co-ordinated effort’ to attract talent
03 September 2024
The Insurance Council of Australia today unveiled its first strategy to attract and retain talent in the industry, supported by a three-month advertising campaign...
Claims pour in after windstorms, flooding
03 September 2024
Insurers have received thousands of claims from property owners after gale-force winds and flooding swept across southeast Australia...
Webinar debunks the myths around discretionary mutuals
03 September 2024
Insurance News and Picnic Labs invite readers to attend an insightful webinar examining risk protection offered by discretionary mutuals...
Disputed waters: claimant wins clash over boat wreck
03 September 2024
A boat owner whose vessel was damaged while temporarily anchored has won a claims dispute despite making a misrepresentation to his insurer...
Court rules against Melbourne pubs in covid BI dispute
30 August 2024
Melbourne venues including the Transport Hotel and Public Bar at Federation Square have lost a covid-related business interruption dispute heard in the Supreme Court of Victoria...
NZ expansion a ‘significant advance’ for Agile
30 August 2024
Agile Underwriting Services has launched in New Zealand to support its Lloyd’s syndicate...
No cover for crashed Maserati after driver kept quiet on speeding history
30 August 2024
A business whose motor insurance policy was cancelled over the non-disclosure of a director’s driving offences has lost a dispute before the complaints authority...
icare turnaround delivers more ‘accountable culture’
30 August 2024
A final quarterly update on icare’s improvement program says the NSW state insurer has delivered a “significant undertaking” in addressing 107 recommendations...
Steadfast expects more premium rises
29 August 2024
Steadfast Group says premium rates will continue to rise this financial year as insurers put through increases to address inflationary pressures that are particularly affecting property underwriting...
Marsh flags ‘significant improvement’ in market competition
29 August 2024
Marsh says improving market conditions should continue for insurance buyers – so long as major catastrophe losses are avoided...
Regulator targets coverage gap in strategic shift
29 August 2024
The Australian Prudential Regulation Authority plans to channel more resources into tackling the country’s worsening home insurance protection gap...
AFCA scrubs policy cancellation after car battery fires
29 August 2024
An electric vehicle conversion business that had a fire damage claim denied and its policy cancelled over non-disclosure of imported batteries has won a bid to overturn the decision...
Cyberattackers target underwriting agency
28 August 2024
An Australian underwriting agency has suffered a “cyber incident”, with reports suggesting stolen data is being offered for sale on the dark web...