IAG to release $200 million after BI class action halted
31 January 2025
IAG expects to release $200 million from its business interruption provision after the Federal Court last year ruled against claimants seeking to pursue a class action...
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Strata premiums tipped to stabilise
31 January 2025
Strata premiums should start to level out and maybe even decrease this year, according to leading brokerage Whitbread...
Flood warning as rain batters north Queensland
31 January 2025
Persistent heavy rain is forecast for parts of the north tropical coast in Queensland, potentially causing life-threatening flash floods and property damage...
Claimant loses dispute over home payout shortfall
31 January 2025
A homeowner who said a “misleading” estimation tool was to blame for her insufficient sum insured has lost a bid to increase her coverage...
‘Proud’ minister Jones to quit politics
30 January 2025
Financial Services Minister Stephen Jones today announced he will not stand for re-election...
Industry rejects criticism of insurers over Melbourne’s ‘crime crisis’
30 January 2025
Insurers stand accused of abandoning small retailers in Melbourne as thefts spiral out of control – but brokers say affordable cover is still available...
Strata site told to secure flood cover after policy ‘gamble’
30 January 2025
A Queensland adjudicator has ordered a strata complex body corporate to take out flood insurance after it planned to renew a policy without the cover...
Runaway cow causes car crash, legal clash and liability row
30 January 2025
A landlord who was sued for damages after a cow escaped her property and caused a car accident has been denied insurance for her legal costs...
Anonymity for penalised insurer ‘fails code stakeholders’
29 January 2025
Consumer groups and other industry participants say the Code Governance Committee should have named an insurer penalised a maximum $100,000 for claims and complaint handling failings...
ASIC leader to speak at Outlook 2025 conference
29 January 2025
The Australian Securities and Investments Commission will outline its general insurance priorities at Insurance News’ upcoming Outlook 2025 conference...
Allianz Australia commercial head to take UK role
29 January 2025
Allianz Australia is searching for a new commercial division head following the appointment of Phuong Ly to a leadership role in Britain...
Ombudsman sinks missing fish claim
29 January 2025
A claimant who argued his fish should be covered as a special valuable under his home and contents policy has lost a dispute before the Australian Financial Complaints Authority...
Watchdog promises report as Netstrata probe continues
28 January 2025
NSW Fair Trading says it continues to investigate complaints about Netstrata and will consider regulatory action if breaches are identified...
Villa owners ordered to prove their worth in Debbie repair row
28 January 2025
The administrator of a luxury villa complex in Queensland has been ordered to raise more than $1.3 million as security for its lawsuit against an insurer and builder over allegedly substandard repairs conducted following Cyclone Debbie in 2017...
NZ town in ‘massive’ clean-up after tornado hits
28 January 2025
The New Zealand town of Mangawhai was today cleaning up after a tornado damaged homes, knocked over power poles and sent debris flying at the weekend...
Phone-distracted driver overturns reckless driving decision
28 January 2025
A driver who crashed into a fence during a mental health episode will be covered for his losses after the dispute authority rejected his insurer’s application of a reckless driving exclusion...
‘Serious breaches’: CTP regulator sanctions NRMA Insurance
24 January 2025
NSW’s State Insurance Regulatory Authority has issued a $10,000 civil penalty to IAG over compulsory third party breaches...
Territory to examine insurance cost impacts
24 January 2025
An ACT inquiry into insurance costs will consider the effect of rising premiums on business and community organisations...
Tower appoints financial chief as interim CEO
24 January 2025
New Zealand insurer Tower says CFO Paul Johnston will become interim CEO next month when Blair Turnbull leaves the business...
Landlord wins dispute over damage at ‘empty’ bank branch
24 January 2025
A property owner has won a water leak payout after challenging his insurer’s assertion that his leased site was unoccupied for more than 20 months...