Daily
El Nino watch issued: 50% chance of event this year
14 March 2023
The Bureau of Meteorology has issued an El Nino watch and says there’s about twice the normal likelihood that the climate influence associated with heatwaves and bushfires could form later this year...
Envest appoints David Ball Chief Investment Officer
14 March 2023
The Envest Group has appointed Macquarie’s David Ball as Chief Investment Officer and has restructured its existing leadership team as it positions for further expansion...
$6.5 billion: catastrophe firm finalises flood losses
14 March 2023
Catastrophe data firm Perils has finalised its loss estimate for the NSW/Queensland flood catastrophe in February/March last year at $6.527 billion...
Terminal cancer patient loses dispute over unpaid policy renewal
14 March 2023
A complainant who lodged a claim for a car accident after her policy expired will not be compensated after a dispute ruling found that her insurer acted appropriately, and did not know that she was suffering from an illness later diagnosed as terminal cancer...
Proposed good advice duty 'vague, poorly defined': consumer groups
10 March 2023
Consumer advocates remain opposed to a proposed “good advice” duty as recommended by the Quality of Advice Review but have indicated one of the suggestions around lengthy compliance statements merits further consideration...
Queensland flood zone buy-back program passes milestone
10 March 2023
The Queensland Government has settled more than 100 sale contracts under a $741 million program that allows flood-hit home owners to sell their properties for pre-disaster values and move to safer ground...
IAG speeds flood claims using experts before repairs
10 March 2023
IAG says it has significantly accelerated home repair pass rates with early use of Indoor Environmental Professional experts before repairs begin on property claims where there is storm or flood damage...
Landlords lose dispute after trying to claim for tenant's 'strong curries'
10 March 2023
Landlords who said their property was damaged by a foul smell due to their tenants cooking “strong curries” will not be compensated for their losses after losing a claims dispute...
Direct buyers eye brokers, trust levels hold: Vero SME Index
09 March 2023
Direct market insurance buyers are increasingly considering using brokers, while the percentage of businesses buying cover through a mix of channels has continued to grow, the latest Vero SME Insurance Index shows...
Lloyd's expects improved underwriting results, hails 'exceptional' local growth
09 March 2023
Lloyd’s underwriting results improved last year, lifted by organic growth and rate increases in key markets including Australia, the business says in a preliminary update...
Delta announces New Zealand merger
09 March 2023
Auckland-based underwriting agency Delta Insurance is merging its property business with Delta Insurance New Zealand, to be led by Andrew Beaton...
'Full discretion': insurer entitled to settle third-party accident claim
09 March 2023
A company that lodged a complaint against its insurer’s decision to settle a third-party accident claim and charge excess fees has lost its dispute after an Australian Financial Complaints Authority determination...
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...