Daily
International Women's Day: progress celebrated as equality barriers remain
08 March 2023
Removing barriers to opportunity remains critical even as the insurance industry makes progress on advancing gender equality, leaders and executives have said today in marking International Women’s Day...
New Zealand's P&C insurers face 'materially lower' 2023 earnings
08 March 2023
Profitability at property and casualty insurers in New Zealand will dip substantially this year in the face of record weather event claims, inflationary pressures and ballooning reinsurance charges, S&P Global Ratings says...
INsight podcast: APRA stats and building resilience
08 March 2023
The latest industry statistics released by the Australian Prudential Regulation Authority are the main topic of discussion on the latest episode of the Insurance News podcast...
'Unacceptable risk': vehicle owner loses cover after daughter's single at fault claim
08 March 2023
A complainant has lost a challenge against her insurer’s decision not to renew her comprehensive motor policy due to the “unacceptable risk” associated with her daughter’s claims history...
Victorian Government examining options for 'broken' WorkSafe
07 March 2023
The Victorian Government says it’s working with business and other groups to look at options to improve the state’s “fundamentally broken” workers’ compensation scheme...
Camp park operators turn to mutual for insurance needs
07 March 2023
The Camping and Outdoors Association has commenced work on creating a discretionary mutual fund in response to the difficult insurance conditions facing its members...
Insurer wins dispute over flooded property
07 March 2023
A northern rivers business owner whose property was inundated by floodwaters and heavy rain has lost an appeal against their insurer’s decision to only partially cover the damage following an Australian Financial Complaints Authority determination...
Flooded NT town pleaded for higher ground move 'years ago'
07 March 2023
The NT Government ignored warnings of “serious and costly damage” if homes and businesses in the small town of Pigeon Hole, 400km from Katherine, were not relocated out of floodplains, local Mayor Brian Pedwell says...
'Morally indefensible to wait': Tower says managed retreat vital
03 March 2023
New Zealanders must accept managed retreat from some parts of the country to keep residents safe - and insured - as climate change increases the severity and frequency of natural catastrophes, Tower Chairman Michael Stiassny says...
Ensurance books higher earnings, sale of UK arm to PSC cleared
03 March 2023
Underwriting agency Ensurance posted higher first-half earnings, with profit for the six months to December rising to $325,728 from $263,429 a year earlier...
Should insurers pay ransoms? Government seeks cyber strategy feedback
03 March 2023
The Federal government is seeking feedback until mid-April on the development of a 2023-2030 Australian Cyber Security Strategy...
'Vulnerable' traveller loses dispute over damaged sleep machine
03 March 2023
A complainant who challenged his insurer’s decision to partially cover a damaged CPAP machine has lost his claims dispute...
Rate increases drive industry to 69% rise in underwriting profit
02 March 2023
The general insurance industry booked a 69.4% rise in underwriting profit to $6.8 billion for the year to December, lifted by across-the-board premium rises, the Australian Prudential Regulation Authority says today in a regular update...
Autumn augurs 'change to drier landscapes’
02 March 2023
Most of Australia is at average risk of bushfire this autumn, experts say, although prolific grass growth is driving above normal potential in parts of NSW, Queensland and WA...
Claimant covered for storage unit inundated by stormwater
02 March 2023
A complainant who had his self-storage unit flooded following heavy rainfall will be compensated for his losses after winning a claims dispute against QBE...
INsight podcast: what a time to be a broker
02 March 2023
Analyst views on the results of Australia's listed broking networks provide the key talking point on the latest episode of the Insurance News podcast...
Youi appoints new CEO, former chief joins board
01 March 2023
Nathaniel Simpson will take over as CEO at insurer Youi from July, when Hugo Schreuder retires from the top role after a 15-year tenure...
'Climate trauma': Australians battle extreme weather and unaffordable premiums
01 March 2023
A new study from the Climate Council details “widespread distress” amongst Australians facing severe weather events and pressure from rising insurance premiums...
NSW man fined for working while on injury compensation
01 March 2023
An injured Sydney man has been convicted and fined for “knowingly defrauding” the NSW workers compensation system as he undertook “double dipping” by working as he received benefits from the state insurance scheme...
Store owner loses bushfire business interruption dispute
01 March 2023
A regional business owner who sought compensation for business interruptions due to bushfires in 2020 has lost his claims dispute against his insurer...