Daily
AIG names Colahan as regional president
14 April 2023
Chris Colahan has been appointed AIG Asia Pacific Regional President, a role that encompasses oversight of the Australian business...
NZ Fire and Emergency proposes 13% levy hike to cover shortfall
14 April 2023
Fire and Emergency New Zealand has proposed a 12.8% increase in the levy on insurance policies to cover a funding shortfall caused by salary increases flowing from a collective wages agreement with firefighters...
High Court rejects SunWater Wivenhoe dispute appeal application
14 April 2023
The High Court has rejected a SunWater appeal application filed after lower courts found insurers were entitled to decline a claim related to Somerset and Wivenhoe dam operations in 2011, when torrential rain in Queensland led to flooding...
Family wins travel insurance dispute over pregnancy exclusion
14 April 2023
Travellers who cancelled their trip due to their daughter’s health emergency will be reimbursed for their losses after winning their claims dispute against their insurer...
Crawford Australia President to retire at year-end
13 April 2023
Crawford & Company Australia President Tim Jarman will retire at the end of December, following a four-decade insurance career...
Category 5: WA braces for Cyclone Ilsa tonight
13 April 2023
WA residents in the 700 kilometres south of Broome down to Whim Creek are bracing for Severe Tropical Cyclone Ilsa, which is expected to cross the coast between Port Hedland and Wallal Downs tonight or early on Friday as a category 5 system...
AFCA renews CEO term as compensation hits $1 billion
13 April 2023
David Locke has been reappointed Chief Ombudsman and CEO at the Australian Financial Complaints Authority for another five-year term, the board announced today...
Homeowner wins fire dispute after insurer alleges fraud
13 April 2023
A claimant whose property was severely damaged by fire will be compensated after successfully challenging an insurer’s decision to decline the claim over allegations of fraud...
ARPC declares cyclone event as Ilsa intensifies
12 April 2023
The Australian Reinsurance Pool Corporation has declared Cyclone Ilsa, which is expected to cause significant damage as it crosses the WA coast, as a cyclone event under the Federal Government’s reinsurance pool...
Natural catastrophes propel parametric uptake
12 April 2023
More Australian insureds are considering parametric insurance options to help address the increasing cost of traditional policies and hazards brought about by climate change, industry consulting firm Xceedance says...
SIRA censures NRMA Insurance for delayed CTP responses
12 April 2023
The NSW State Insurance Regulatory Authority has censured IAG for delayed responses to requests for treatment, rehabilitation and attendant care under its subsidiary NRMA Insurance’s compulsory third party scheme...
'Pay it back': insurer can recover claim payment after crash timing probe
12 April 2023
A driver who took out a comprehensive motor policy shortly after an at-fault crash has lost his claims dispute and will be required to pay back his insurer for a settlement it paid out...
Allianz names new consumer division chief
11 April 2023
Allianz Australia has appointed Shez Ford as Chief GM Consumer, to take over from Mick Winter in August...
IAG invests in US insurtech Planck
11 April 2023
IAG has invested in insurtech Planck via its venture capital arm Firemark Ventures, and says there is potential for the cutting edge technology to be embedded in its CGU and NRMA Insurance brands...
Talent crunch is top challenge for local insurers: Gallagher Bassett
11 April 2023
Attracting and retaining talented professionals is the number one challenge cited by Australian insurers this year, according to a survey by Gallagher Bassett, which has more than 7000 global clients...
Storm vs deterioration: heritage property claimant loses proximate cause dispute
11 April 2023
The owner of a heritage-listed home that was damaged following a storm will not be compensated for his losses after a dispute ruling sided with his insurer’s decision to decline the claim...
'Get on top of it': insurer code breaches hit record high after soaring 40%
06 April 2023
Insurance providers breached the General Insurance Code of Practice a record 58,104 times in the 12 months to June 30 2022 – up 40% on the previous year, a new report has revealed...
Government offers temporary dwellings to aid flood recovery
06 April 2023
The Victorian Government is undertaking a $4.6 million “homes at home” temporary accommodation program for uninsured flood victims in Shepparton, prioritising residents facing financial hardship...
ANZIIF seeks Donna Walker award entries
06 April 2023
The Australian and New Zealand Institute of Insurance and Finance is seeking submissions for the 2023 Donna Walker awards until May 26...
Insurer loses disclosure dispute over fire-damaged property
06 April 2023
Claimants whose property was destroyed by fire will be compensated for their losses after a dispute ruling overturned their insurer’s decision to decline the claim due to duty of disclosure breaches...