Date set for PSC shareholder vote on Ardonagh takeover
22 August 2024
PSC Insurance Group shareholders will vote on the $2.3 billion takeover offer from UK-based Ardonagh on September 26, potentially allowing the deal to take effect in October...
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Regulator’s strategic plan targets industry on claims, products
22 August 2024
The Australian Securities and Investments Commission says it will crack down on “harmful” insurance products and claims handling responses this financial year...
Auto & General to underwrite Coles insurance
22 August 2024
Auto & General has entered into a 10-year contract to be the underwriter for Coles car, home and landlord insurance...
Insurer avoids payout over holiday hip injury
22 August 2024
A holidaymaker who suffered a dislocated hip will not have her medical bills covered after the dispute authority found the injury stemmed from a pre-existing condition...
IAG profit climbs as key division passes earnings target
21 August 2024
IAG’s net profit rose 7.9% to $898 million last year as gross written premium increased 11.3% and the intermediated business achieved a long-term earnings target...
AUB hails ‘another year of revenue growth’ as group eyes UK expansion
21 August 2024
AUB Group says every division, including its core Australian broking business, performed strongly as full-year underlying net profit after tax rose 32.5% to $171 million and underlying revenue grew 19.8% to $1.33 billion...
AFCA shoots down claim after police open fire on car
21 August 2024
A Queensland man who was shot by police after brandishing a “toy gun” has lost his bid for an insurance payout over bullet damage to his car...
INsight podcast: ‘pureplay’ insurer Suncorp reports results
21 August 2024
Suncorp's results - and the start of its journey as a "pureplay insurer" - are the first topic of discussion on the latest Insurance News podcast...
AUB buys British again with stake in broking group
20 August 2024
AUB will acquire an 80% equity stake in UK insurance broking business Movo Group...
Indian lifestyle group heads up $200 million deal for Ebix
20 August 2024
A consortium led by Eraaya Lifespaces will acquire Ebix Inc, including its worldwide subsidiaries, after the US group filed for protection under chapter 11 of the Bankruptcy Code last December...
Envest adds regional brokerage Macey to Aviso stable
20 August 2024
Envest Group has acquired a majority stake in regional NSW business Macey Insurance Brokers, which is now part of Aviso Group...
AFCA sides with dog owner over blood-stained furniture
20 August 2024
A pet owner who sought a payout after his dog bled onto his mattress and carpet has won a claims dispute before the Australian Financial Complaints Authority...
ICA sets out best practice for expert reports
16 August 2024
The Insurance Council of Australia has developed a best-practice standard for expert reports amid concerns over their use in claims assessments, particularly after the record-breaking 2022 floods...
Queensland's Sure appoints claims head, strategy manager
16 August 2024
Graham Dale has joined Sure Insurance as head of claims and Kahlee Ferguson has taken the newly created position of strategy and relationship manager...
Dispute authority rejects ‘civil riot’ label on Israel attacks
16 August 2024
A man whose parents’ flights to Australia from Israel were cancelled following the October 7 attacks has lost a dispute over his insurer’s decision not to cover their costs...
APRA urges fast action on cyber weaknesses
16 August 2024
The Australian Prudential Regulation Authority has again written to insurers giving guidance on common cyber control weaknesses...
Counsellors flag ‘widespread practice’ of lowball cash settlements
15 August 2024
Financial counsellors have called for claims handling reforms in a supplementary flood inquiry submission that provides data on cash settlement shortfalls and feedback from more recent client experiences...
‘Time is now’: insurers, planners demand action on risky land use
15 August 2024
The Insurance Council and the Planning Institute of Australia have called on all levels of government to prevent development in high-risk areas as demand for housing grows...
Pensioner secures house fire settlement after row over ‘squatter problem’
15 August 2024
A property owner will have her home insurance policy reinstated after the complaints authority overturned her insurer’s decision to deny a claim based on misrepresentation of the house’s condition...
Tennis star among drawcards as Dive In returns
15 August 2024
Registration for Dive In events next month is now open, with the program including presentations from former tennis star Jelena Dokic and the director of TV show You Can’t Ask That...