27 September 2024
The underwriting agency sector could face a round of consolidation with the introduction of a resilience prudential standard requiring insurers to have business continuity plans, according to Macquarie Equity Research...
27 September 2024
Expert report improvements and better disaster response communication and co-ordination are among changes that would help policyholders after natural catastrophes, the Claims Convention heard yesterday...
27 September 2024
NSW Treasury has made more than a dozen findings after a review of icare that it says will improve transparency around expenditure, hold the state insurer accountable and improve how the workers’ compensation system is overseen...
27 September 2024
The Australian and New Zealand Institute of Insurance and Finance has released its list of finalists for the 12th New Zealand Insurance Industry Awards...
26 September 2024
UK-based Ardonagh is a step nearer to wrapping up its $2.3 billion acquisition of PSC Insurance Group after the Australian broker’s shareholders voted overwhelmingly in favour today...
26 September 2024
General insurance intermediaries including brokerages issued premium invoices totalling about $19.9 billion in the six months to June, according to an Australian Prudential Regulation Authority update...
26 September 2024
The Insurance Council of Australia has urged Queensland to scrap home insurance stamp duty, weighing in a month before the October 26 state election...
26 September 2024
A motor policyholder has won a dispute with her insurer over claims she made a misrepresentation by not disclosing her son, who had a criminal history, as a listed driver...
25 September 2024
The Federal Court has ordered a former AEI Insurance Group account manager to pay $500,000 in damages after more than 40 clients moved to a rival brokerage he joined following his resignation...
25 September 2024
The Insurance Brokers Code Compliance Committee has called for improvements after a “significant increase” in breaches related to disclosure of remuneration...
25 September 2024
The complaints authority has backed Auto & General’s decision to deny a claim for a stolen Porsche but says it must pay for paint damage caused by bat droppings while the car was in its care...
25 September 2024
The Senate inquiry into the impact of climate risk on insurance premiums has turned its attention to commissions - and the latest episode of the Insurance News podcast considers what senators had to say...
24 September 2024
Regulators are pushing insurers to be more transparent about the drivers of premium increases, with policyholders saying reasons for unexpected surges aren’t adequately explained...
24 September 2024
Allianz is expected to sell its Hunter Premium Funding business by the end of the year, according to a report in the Australian Financial Review...
24 September 2024
The Insurance Council of Australia has renewed calls to stop building on floodplains after concerns were raised over the Queensland Government’s decision to approve a significant Gold Coast housing project...
24 September 2024
A company that said its truck broke down due to a collision with an emu will not be covered for its loss after the dispute ombudsman ruled that mechanical failure was the cause...
20 September 2024
Strata laws that strengthen enforcement and increase transparency on remuneration and conflicts of interest have passed the NSW parliament, as the government continues to consider action on commissions paid to strata managing agents...
20 September 2024
The first Australian edition of Sedgwick’s product recall report shows more than 600 “corrective actions” in the first half of the year across the automotive, consumer product, food and drink, medical device and pharmaceutical sectors...
20 September 2024
QBE will not be allowed to recover repair costs from a complainant after it fixed his wife’s vehicle when it was no longer insured...
20 September 2024
An upcoming webinar will dispel myths about insurance alternatives – including that discretionary mutual funds are intended to tackle uninsurable or bad risks...