Daily
Insurers ‘most directly affected’ by climate change: RBA
30 August 2023
The insurance sector is most exposed to climate change and the toll will have consequences for the Australian economy, incoming Reserve Bank of Australia Governor Michele Bullock warns in a speech...
Florida braces for ‘extremely dangerous’ Hurricane Idalia
30 August 2023
Hurricane Idalia is intensifying and is expected to make landfall in Florida at Category 4 strength, bringing “extremely dangerous” conditions, US forecasters have warned...
Insurer wins dispute over earthquake damage claim
30 August 2023
A Victorian homeowner who sought cover for cracking and movement damage to her property following an earthquake will not have her claim paid after a dispute ruling backed her insurer...
INsight podcast: pricing promises nightmare that never ends
30 August 2023
IAG's ongoing pricing promises nightmare is the main discussion point on the latest episode of the Insurance News podcast...
Strata rates rising 15-20%, riskier buildings face limited options
29 August 2023
Strata premiums have started the new financial year with increases nationally of about 15-20%, while limited options are available for riskier buildings, a Honan quarterly report says...
Johns Lyng revenue tops $1.28 billion
29 August 2023
Johns Lyng Group has achieved better than expected earnings for the year to June 30, powered by its core Insurance Building and Restoration Services division...
Homeowner compensated for rental loss after repairs delayed
29 August 2023
A complainant whose home was rendered unliveable for more than a year due to delayed repairs to water damage has won her claims dispute to receive compensation for rental losses...
Former Suncorp executive joins consulting firm
29 August 2023
Management consulting firm The Bridge International has appointed former Suncorp executive Graeme Browne as an associate...
IAG to fight ASIC court action on loyalty discounts
25 August 2023
IAG will fight legal action launched by the Australian Securities and Investments Commission over allegations that it misled customers about loyalty discounts on certain types of home insurance...
ANZ, Suncorp apply for tribunal review of blocked bank sale
25 August 2023
ANZ and Suncorp have formally applied for a review of the Australian Competition and Consumer Commission decision to deny authorisation for the insurer’s proposed sale of its bank...
ANZIIF awards recognise top performers
25 August 2023
Insurance individuals and companies leading the way have been recognised in the annual Australian and New Zealand Institute of Insurance and Finance awards...
Claimant not covered after relative’s illness cancels holiday
25 August 2023
A traveller who was forced to cancel his trip to Fiji after he became his grandmother’s primary carer has lost his claims dispute...
Investment recovery lifts industry net profit
24 August 2023
The general insurance industry posted significantly higher net profit for the year to June 30, increasing fivefold to $4.6 billion from $900 million a year earlier, Australian Prudential Regulation Authority (APRA) figures released today show...
Queensland Government home buyback acceptance increases
24 August 2023
The Queensland Government has announced that nearly 500 homeowners have agreed to have their properties repurchased under the Resilient Homes Fund...
Homeowner wins $5400 compensation over make safe failure
24 August 2023
A homeowner has won a compensation payout after successfully arguing the insurer failed to make the property safe after it was hit by a falling tree, leading to additional damage beyond the initial incident...
Work-life balance seen as key path to talent retention
24 August 2023
Gallagher Bassett has detailed a focus on addressing work-life balance as a critical tool for employers to improve workforce retention as the industry continues to face challenges with talent shortages...
PSC books higher earnings, announces new chairman
23 August 2023
PSC Insurance Group has posted a rise in full-year earnings, supported by strong results across its distribution and agency businesses in Australia as well as its UK operations...
Spring outlook: Australia braces for increased fire risk
23 August 2023
Queensland and NSW face increased bushfire risk this spring while Victoria can expect warmer weather in the next few months and an earlier start to the high risk fire season, according to the Australasian Fire Authorities Council...
Property owner wins lightning damage dispute after strike contested
23 August 2023
A Queensland homeowner who sought cover after their home’s electric cables were damaged by lightning has won his claims dispute following an Australian Financial Complaints Authority decision...
INsight podcast: mainstream media attack falls flat
23 August 2023
The Australian Securities and Investments Commission report on claims handling was one of the main topics discussed on the latest edition of the Insurance News podcast...