‘Double punch’: Hurricane Milton hits Florida
10 October 2024
Hurricane Milton has crossed Florida’s west coast at category 3 intensity, bringing storm surges, damaging winds, flooding and tornadoes, and putting pressure on insurers...
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NSW consults on builders’ cover reform
10 October 2024
A government review of the NSW builders’ warranty insurance scheme has started public consultations, seeking submissions on possible reforms...
ICA rejects criticism of expert report standard
10 October 2024
A consumer group says the Insurance Council of Australia’s recently released best-practice expert report standard does not go far enough to protect claimants – but the ICA has dismissed the concerns as “unfounded”...
Car owner denied cover after police chase ends in crash
10 October 2024
A policyholder whose car was wrecked during a police chase will not be covered for his losses, the dispute authority has ruled...
Steadfast chief rejects commissions ban in Senate grilling
09 October 2024
Steadfast CEO Robert Kelly has defended strata commissions and the company’s disclosure practices at a Senate inquiry hearing where he was questioned about issues raised in a Four Corners program...
Marsh Pacific digital head takes on corporate and commercial role
09 October 2024
Marsh has appointed Johannes Veldsman as corporate and commercial leader for the Pacific region...
Bureau warns of stronger storms as average cyclone season flagged
09 October 2024
The Bureau of Meteorology has predicted an average cyclone season for Australia but warns climate change will bring more powerful storms...
INsight podcast: NSW’s ‘secret meetings’ on strata commissions
09 October 2024
NSW meetings about a proposed ban on strata insurance commissions are among topics discussed on the latest episode of the Insurance News podcast...
ICA unveils charter on extreme weather responses
08 October 2024
The Insurance Council of Australia has published a charter setting out the industry’s principles and key actions for addressing extreme weather events and approaches to disaster preparation, response and recovery...
Seminar to tackle myths and mysteries of cyber
08 October 2024
Trends and challenges in cyber cover will be the focus of an Insurance News seminar on November 21...
Lion makes key appointments ahead of ‘next chapter’
08 October 2024
Lion Underwriting has expanded its board and made senior appointments as it targets a “new phase of growth”...
Cruise customer loses row over war exclusion
08 October 2024
A woman whose travel agent incorrectly told her she could claim cover for the cost of a trip cancelled due to unrest in the Red Sea and Suez Canal has lost a dispute with Lloyd’s...
Foregone conclusion? Meetings held on proposed strata commission ban
04 October 2024
NSW Fair Trading has held a series of meetings with consumer and industry groups to consult on a proposed ban of strata insurance commissions...
Aviso makes leadership change in push to ‘chart our own future’
04 October 2024
Envest’s Aviso Group has appointed Jeff Moule to the newly created position of chief broking officer, providing dedicated leadership for the national network of businesses amid wider changes to the corporate and competitive landscape...
Modeller puts Helene insured losses at $9 billion
04 October 2024
Privately insured losses from Hurricane Helene will probably be close to $US6.4 billion ($9.3 billion) following wind, storm surge and inland flooding across nine US states, catastrophe modelling firm Karen Clark & Company says...
Holiday theft victim wins tuk-tuk tussle with insurer
04 October 2024
A traveller has won a $6300 claim dispute after his bag was stolen by a tuk-tuk driver during an overseas holiday...
Former IAG, Zurich exec takes top job at MDA National
03 October 2024
MDA National has appointed Tim Plant as CEO, replacing Ian Anderson, who is retiring after more than nine years in the role...
Hannover Re appoints new Australia MD
03 October 2024
Hannover Re has named Blake Dimitrijevic as its Australian branch MD following the appointment of predecessor Michael Eberhardt to the reinsurer’s Bermuda office...
Lost furniture code breach sparks compliance warning
03 October 2024
Insurers must ensure third-party service providers comply with code of practice obligations, the governance committee has warned, after a contractor engaged to store a customer’s household furniture lost or damaged some of the items...
AFCA backs 200% premium rise on flood-risk property
03 October 2024
A landlord who challenged his insurer over an increase to his annual premium of more than $3500, primarily due to his property’s heightened flood risk, has lost a bid to be refunded...