Daily
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...
CCI proposes scheme of arrangement to address claims uncertainty
21 July 2023
Catholic Church Insurance has proposed a scheme of arrangement, setting out how claims will be managed as the financially troubled insurer seeks to proceed with an “orderly” run-off...
IAG reshuffle may lead to job losses
21 July 2023
IAG has announced a “consolidation” of corporate functions, to enable support services to work more closely with customer-facing divisions...
NIBA reveals SA/NT award winners
21 July 2023
The National Insurance Brokers Association Broker of the Year award for SA/NT has been won by Thomas Insurance Brokers MD Gary Thomas, while the region’s Young Broker of the Year award went to Guardian Insurance Brokers Account Executive Adam Luppino...
'Not gradual': insurer liable for leaky pipe damage
21 July 2023
Complainants who sought cover for water and mould damage caused by a leaky pipe will be compensated after successfully challenging their insurer’s application of a policy exclusion relating to wear and tear...
‘Mean-spirited’: MP slams insurers over flood claim denials
20 July 2023
Independent MP Andrew Gee has attacked insurers for denying flood claims in his constituency – despite the fact that most insureds did not have flood cover...
QBE revises first-half cat costs to $1 billion after North American storms
20 July 2023
QBE has revised its catastrophe costs in a trading update provided today, citing “additional pressure” from a series of North American convective storms last month...
ICA reviews use of wear and tear exclusion
20 July 2023
The Insurance Council of Australia is reviewing findings from an inquiry that the Code Governance Committee says indicate possible “systemic issues” in insurer claims decisions when wear and tear is a factor...
Property owner loses dispute over inundated home
20 July 2023
A Queensland homeowner whose property was damaged during last year’s record flood event will not be covered for her losses after a dispute ruling sided with her insurer’s decision to decline the claim...