Daily
Suncorp signs digital deal with Microsoft
23 January 2023
Suncorp announced today it has signed a three-year cloud computing agreement with Microsoft to accelerate its digital strategy...
Sure makes two senior appointments
23 January 2023
Sure Insurance has appointed Jan Wiid as Head of Claims and Christine Bryant as Risk and Compliance Manager...
No cover for health worker overwhelmed by covid who missed email
23 January 2023
A public hospital worker who failed to attend to an email while working 16 hour days during Australia’s second wave of covid infections will not be covered for a car accident because her policy had lapsed...
Lismore MP criticises clarity of NSW buy-back scheme
23 January 2023
Lismore MP Janelle Saffin says the NSW Government needs to show greater urgency and better communication as it rolls out its $800 million buy-back and build-back program...
Reinsurance renewals 'most challenging in a generation': Aon
20 January 2023
The January reinsurance renewals period was the most challenging in a generation, with property catastrophe risk seeing the largest rate increases and appetite changes, Aon says...
Insurer vindicated after firing covid denier
20 January 2023
A Suncorp employee who refused to be vaccinated against Covid-19 because “there is no evidence it exists” has lost her unfair dismissal compensation claim after the insurer terminated her employment...
Truckie took workers' comp payments while working
20 January 2023
A truck driver has been ordered to repay $47,509 to WorkSafe Victoria after he pleaded guilty in court to two rolled-up charges of fraudulently obtaining payments from the workers’ compensation scheme...
Motorist wins claim dispute after leaving accident scene
20 January 2023
A driver who lost control of her car and crashed into a house will be covered for the incident after a dispute ruling determined that the exclusion relied on by her insurer to deny the claim was not applicable...
Business interruption demand rising despite pandemic wording issues
19 January 2023
Business interruption insurance demand could be set for growth, despite legal battles and confusion during the covid pandemic, with wordings clarified and more firms aware of the product’s importance, a global group of lawyers says...
Terrorism pool retrocession program finalised
19 January 2023
The Australian Reinsurance Pool Corporation has finalised its terrorism retrocession program for this year, in line with arrangements under a previously negotiated multi-year agreement...
Renewable energy projects 'caught out' by floods severity: WTW
19 January 2023
Australia’s renewable energy industry could face higher premiums as underwriting appetite worsens after the country suffered its worst floods last year, broker WTW says in a report released today...
'Not up to code': AFCA criticises insurer over delayed storm claim
19 January 2023
The Australian Financial Complaints Authority has criticised Allianz’s handling of a storm claim, saying it was hit by delays and poor communication...
Another insurer joins cyclone reinsurance pool
18 January 2023
Sure Insurance is the second insurer to announce its participation in the Federal Government’s cyclone reinsurance pool, which aims to reduce premium prices in Australia’s disaster-prone north...
UAC names its inaugural CEO
18 January 2023
The Underwriting Agencies Council has appointed Jenny Bax, who has held senior positions at Ansvar Insurance, Allianz and QBE, as its inaugural CEO...
BMS buys Austbrokers Coast to Coast
18 January 2023
BMS Group has acquired Austbrokers Coast to Coast as the UK-based broker continues to build its operations in Australia...
Natural catastrophes rise to top spot in Australia risk list
18 January 2023
Extreme weather events and other forms of natural catastrophes have emerged as the top business threat facing Australia this year, pushing down last year’s joint top threats, business interruption and cyber incidents, to second and fourth respectively, an annual risk survey by Allianz Global Corporate and Specialty has found...
S&P warns on impacts from escalating floods, fires
17 January 2023
Property and casualty insurers’ ability to absorb additional natural catastrophes could be tested in the case of severe downside scenarios involving an escalation of events such as fires and floods, S&P Global Ratings says...
Flooding rainfall hits Northern Queensland, but La Nina fading
17 January 2023
Warnings for heavy rainfall and flooding were issued for the Queensland Central Coast and Whitsundays region today, as the Bureau of Meteorology monitors a low pressure system that is affecting the state...
Tradie wins claim dispute after covid vaccine complications stop him working
17 January 2023
Lloyd’s must pay disablement benefits after incorrectly denying a personal accident and sickness claim related to covid vaccine complications...
Insurer fined $3.3 million over 'misleading' premium changes
17 January 2023
The High Court of New Zealand has fined Chubb-owned Cigna $NZ3.575 million for “misleading” more than 52,000 customers about premium changes made to their life policies...