Daily
Floods inquiry terms of reference puts focus on claims
03 August 2023
Claims handling issues, internal dispute resolution, cover affordability and land-use planning will be among areas examined by a federal parliamentary inquiry into insurer responses to last year’s flooding, terms of reference released today say...
Claims inflation still a challenge: S&P
03 August 2023
S&P Global Ratings has released its mid-year insurance outlook for Australia and the broader Asia-Pacific region...
Australasia Underwriting announces key appointment
03 August 2023
Australasia Underwriting has welcomed Derek Harding to its leadership team to focus on widening the product offering within the Property & General Liability sectors...
Insured loses claim dispute after father's death ends holiday
03 August 2023
A traveller who was forced to cancel his trip early due to his father’s death overseas has lost his claims dispute...
Court backs local council in defects exclusion dispute
02 August 2023
A New Zealand council has won a court battle with its insurer over a defects exclusion after the owners of the Waterfront Apartment complex in Napier took action against the local government due to building failings...
Cornerstone acquires Professional Insurance Agencies
02 August 2023
Cornerstone Risk Group, a member of Resilium Partners, has extended its reach in Queensland with the acquisition of Brisbane-based Professional Insurance Agencies...
Chubb names new P&C heads
02 August 2023
Chubb has promoted Hayden Baker to the role of Head of Property & Casualty Australia & New Zealand, replacing Chris Gough who takes the role of Head of P&C Asia...
INsight podcast: time to stop building on floodplains
02 August 2023
Building on floodplains - and why it has to stop - is the main topic of discussion on the latest Insurance News podcast...
Crawford names Australia President
01 August 2023
Crawford & Company National Executive Adjuster Jonathan Hubbard has been appointed Australia President, taking over from Tim Jarman who is preparing to retire at the end of the year, the claims management group announced today...
ICA suggests changes on AFCA bad behaviour rules
01 August 2023
The Insurance Council of Australia has suggested toughening Australian Financial Complaints Authority proposals to crack down on poor behaviour by paid representatives while seeking to ensure vulnerable customers who may come across as potentially threatening are not excluded...
El Nino likely within weeks
01 August 2023
An El Nino climate event is likely to develop in coming weeks, the Bureau of Meteorology said today...
Driver loses kangaroo dispute after being bounced from own policy
01 August 2023
A complainant who sought cover for car damage caused by a kangaroo will not be compensated after she was found to have been excluded from her own motor vehicle policy...
AFCA insurance complaints jump 50% as claim delay disputes soar
28 July 2023
General insurance complaints surged 50% to 27,924 in the past year, and claim delays were the top cause of disputes escalated to the Australian Financial Complaints Authority...
PI exemption for midwives offering homebirth services extended
28 July 2023
Midwives in private practice can continue to provide homebirth services without mandatory professional indemnity insurance after the Federal Government extended the exemption for another two years, to June 30 2025...
Vero takes out Gold Mansfield for claims excellence
28 July 2023
Vero has taken out the Gold Mansfield for claims excellence for a fourth straight year, with the award presented in Sydney last night...
Allianz boosts partnership to deliver disaster-readiness events
28 July 2023
Allianz will expand its partnership with volunteer non-profit group Disaster Relief Australia to help provide a series of future resilience events for communities recently impacted by disasters...
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...