Daily
NSW Government to meet with industry over ESL reforms
12 December 2023
The NSW Government has scheduled face-to-face meetings with representatives from the insurance sector this week to discuss ways to reform the state’s Emergency Services Levy funding arrangements...
Strata association produces insurance disclosure guide
12 December 2023
Strata Community Association has produced a best practice guide that aims to improve disclosure in areas such as commissions, conflicts of interest and the allocation of remuneration...
Homeowner wins dispute after son’s hidden drug cultivation causes fire
12 December 2023
A homeowner who sought cover for a house fire that was caused by his son’s illegal cannabis cultivation has won his dispute against his insurer’s claim denial...
Industry veteran Kingsley Lamont dies
12 December 2023
Insurance industry veteran Kingsley Lamont, who was prominent in the early formation of Steadfast and OAMPS, died in Perth on Thursday after a battle with pancreatic cancer...
ACCC says cyclone pool full impacts may be ‘some time’ away
08 December 2023
The Australian Competition and Consumer Commission says it may be “some time” before consumers see the full impact on premiums from the Federal Government’s cyclone reinsurance pool, with most major insurers only recently joining the scheme...
UAC honours William Legge with Lifetime Achievement Award
08 December 2023
The Underwriting Agencies Council has presented former GM William Legge with a Lifetime Achievement Award...
Bundaberg flood levee 'a step closer'
08 December 2023
The Queensland Government says the Bundaberg East Levee project is a “step closer” to being delivered after it announced that necessary approvals are in place and it has begun to consult with experts to finalise design plans...
Claimant loses dispute over $45,000 African clothes
08 December 2023
A complainant who sought cover for $45,000 worth of cultural African clothing that he says was damaged by a storm has lost his claims dispute against his insurer...
Industry backs move to allow insurers to offer ‘simple advice’
07 December 2023
General insurers will be permitted to provide “simple advice” under a new model announced today by Financial Services Minister Stephen Jones, as the Albanese Government wraps up its response to the Quality of Advice Review final report...
Allianz urges Federal Government flood pool feasibility study
07 December 2023
Allianz Australia has recommended that the Federal Government undertake a feasibility study on options for a national flood reinsurance pool to address cover affordability problems for high-risk homeowners...
Homeowner wins disclosure dispute over business in farm shed
07 December 2023
A property owner whose home was flooded has successfully overturned his insurer’s decision to deny his claim after it alleged that he breached his policy terms by failing to disclose a business operation...
CSLR transitional board names CEO
07 December 2023
The Compensation Scheme of Last Resort Transitional Board has appointed David Berry as its inaugural CEO as it gears up for the start of operations next year...
IAG announces sudden departure of Group General Counsel
06 December 2023
Group General Counsel and Company Secretary Peter Horton has left IAG with immediate effect, after the insurer said his behaviour "fell short" of its expectations...
Draft commission consent wordings put insurers at risk: ICA
06 December 2023
The Insurance Council of Australia is concerned over proposed legislative amendments to introduce a requirement to obtain client-informed consent prior to accepting commissions, it says in a submission to Treasury...
Cyclone Jasper strengthens as it heads towards Queensland
06 December 2023
Tropical Cyclone Jasper is expected to strengthen over the next few days and could affect the Queensland coast between Mackay and Cooktown early next week, the Bureau of Meteorology says...
INsight podcast: El Nino, but not as we know it
06 December 2023
Recent heavy rain and flooding is the main point of discussion on the latest edition of the Insurance News podcast...
Fitness centre’s reading of BI policy fails to convince AFCA
05 December 2023
A fitness centre in Melbourne’s eastern suburbs has lost a covid-related business interruption dispute after its argument over the effect of the word “or” in the policy clause was rejected...
Governance committee seeks to name insurers that breach code
05 December 2023
The General Insurance Code Governance Committee wants to be able to name insurers that breach standards...
Our Ark mutual launches cyclone offering
05 December 2023
Discretionary mutual Our Ark has started offering cyclone insurance to its members, the Picnic Labs-operated risk protection business announced today...
Claimant loses dispute over non-disclosure of son’s criminal conviction
05 December 2023
A homeowner who had his theft claim denied and policy cancelled after he failed to disclose his son’s criminal convictions has lost his dispute to overturn his insurer’s decision...