Daily
'Morally indefensible to wait': Tower says managed retreat vital
03 March 2023
New Zealanders must accept managed retreat from some parts of the country to keep residents safe - and insured - as climate change increases the severity and frequency of natural catastrophes, Tower Chairman Michael Stiassny says...
Ensurance books higher earnings, sale of UK arm to PSC cleared
03 March 2023
Underwriting agency Ensurance posted higher first-half earnings, with profit for the six months to December rising to $325,728 from $263,429 a year earlier...
Should insurers pay ransoms? Government seeks cyber strategy feedback
03 March 2023
The Federal government is seeking feedback until mid-April on the development of a 2023-2030 Australian Cyber Security Strategy...
'Vulnerable' traveller loses dispute over damaged sleep machine
03 March 2023
A complainant who challenged his insurer’s decision to partially cover a damaged CPAP machine has lost his claims dispute...
Rate increases drive industry to 69% rise in underwriting profit
02 March 2023
The general insurance industry booked a 69.4% rise in underwriting profit to $6.8 billion for the year to December, lifted by across-the-board premium rises, the Australian Prudential Regulation Authority says today in a regular update...
Autumn augurs 'change to drier landscapes’
02 March 2023
Most of Australia is at average risk of bushfire this autumn, experts say, although prolific grass growth is driving above normal potential in parts of NSW, Queensland and WA...
Claimant covered for storage unit inundated by stormwater
02 March 2023
A complainant who had his self-storage unit flooded following heavy rainfall will be compensated for his losses after winning a claims dispute against QBE...
INsight podcast: what a time to be a broker
02 March 2023
Analyst views on the results of Australia's listed broking networks provide the key talking point on the latest episode of the Insurance News podcast...
Youi appoints new CEO, former chief joins board
01 March 2023
Nathaniel Simpson will take over as CEO at insurer Youi from July, when Hugo Schreuder retires from the top role after a 15-year tenure...
'Climate trauma': Australians battle extreme weather and unaffordable premiums
01 March 2023
A new study from the Climate Council details “widespread distress” amongst Australians facing severe weather events and pressure from rising insurance premiums...
NSW man fined for working while on injury compensation
01 March 2023
An injured Sydney man has been convicted and fined for “knowingly defrauding” the NSW workers compensation system as he undertook “double dipping” by working as he received benefits from the state insurance scheme...
Store owner loses bushfire business interruption dispute
01 March 2023
A regional business owner who sought compensation for business interruptions due to bushfires in 2020 has lost his claims dispute against his insurer...
El Nino indication looms in bureau-watched climate model
28 February 2023
The Bureau of Meteorology says one of the seven international climate models it surveys is indicating a swing to El Nino thresholds may be reached in late autumn following the decay of the current flood-driving La Nina...
'Opportunistic' M&A deals, underwriting agency growth predicted
28 February 2023
Some “opportunistic” merger and acquisition deals may come into play as insurers in Australia review their strategic plans while the local underwriting agency sector is expected to develop further as demand for specialist risk services grows, Clyde & Co says in a new report...
AFCA concerned over level of flood claim complaints
28 February 2023
Disputes with insurers after record floods struck NSW and Queensland a year ago have led to thousands of complaints being lodged at the Australian Financial Complaints Authority from affected policyholders...
QBE measures sense of belonging among staff
28 February 2023
QBE is to take stock of whether its employees feel a sense of belonging at the workplace to help create an inclusive working environment across gender, ethnicity, disability status and LGBTIQ+ identification...
Senate inquiry urged to act on 'unacceptable' insurance woes
24 February 2023
Queensland local governments and the caravan industry have pressed for action to address worsening insurance challenges around rising premiums and coverage limitations in submissions to a Senate inquiry on Australia’s disaster resilience...
ASIC sues RACQ Insurance over pricing discount failures
24 February 2023
The Australian Securities and Investments Commission has launched Federal Court action against RACQ Insurance over pricing discount failings as it cracks down on an industry-wide issue...
NIBA appoints new president
24 February 2023
Gary Okely has been appointed President of the National Insurance Brokers Association after the departure of Dianne Phelan, whose term concluded today...
Insurer must cover mould damage caused by prolonged wet weather
24 February 2023
A homeowner will be covered for mould contamination caused by heavy rainfall after a dispute ruling overturned her insurer’s decision to deny the claim...