icare flags job cuts under efficiency drive
30 July 2024
NSW state insurer icare has begun talks with union representatives and staff over proposed structural changes that may reduce its workforce and bring savings of about $23 million a year...
Daily
Hydrologists, building code boss front final flood hearing
30 July 2024
Building code regulators detailed the impacts of potential construction standard changes and hydrologists were asked to explain their decision-making processes at today’s final hearing of the federal flood inquiry...
Ausure buys Queensland AR
30 July 2024
Steadfast-backed Ausure has acquired Coastsure Insurance Brokers, its authorised representative in Nerang, Queensland...
Policyholder loses dispute over tractor vandalism claim
30 July 2024
A tractor owner who said his vehicle was damaged by someone maliciously shoving dirt down the engine oil cap has lost a claim dispute...
ICA forms US partnership on extreme weather, resilience challenges
26 July 2024
Australian insurers and California’s Department of Insurance will work together on common challenges such as disaster resilience and climate risks under a partnership agreement...
NIBA crowns top SA/NT brokers
26 July 2024
Pillar Brokerage director Will Laundy has been named this year’s National Insurance Brokers Association broker of the year for SA/NT...
Car owner wins payout despite insurer’s doubts on theft claim
26 July 2024
The Australian Financial Complaints Authority has told Insurance Manufacturers of Australia to reimburse a claimant whose car was stolen while parked at a friend’s house...
Vero extends winning streak with Gold Mansfield claims award
26 July 2024
Vero won the Gold Mansfield prize for claims excellence for a fifth straight year at an awards ceremony in Sydney last night...
Poor designs led to use of dangerous cladding, agency finds
25 July 2024
A review of more than 800 buildings in Victoria has found “substandard” documentation and “widespread misapplication” of regulations contributed to the use of non-compliant cladding materials in apartment blocks...
Insurance versus bank tech comparison unfair, seminar to hear
25 July 2024
An Insurance News technology seminar will unpick the criticism that the insurance industry has been slower and more reluctant than its peers to adopt innovative solutions and system change...
Traveller loses dispute after claims history raises alarm
25 July 2024
Lloyd’s Australia has won a travel cover dispute after its investigator was unable to substantiate a policyholder’s claim that medical costs were incurred when his daughters fell ill...
Flood probe: insurers criticised over ‘cultural crisis’
25 July 2024
Customer advocacy groups have scolded insurers over their efforts to address the “ongoing affordability crisis”, telling today’s flood inquiry hearing in Townsville that profits are being prioritised over consumers...
Property rates post first drop in seven years
24 July 2024
Australian property premium rates declined for the first time in more than seven years in the second quarter, easing 4%, according to Marsh's latest commercial index...
Swiss Re Corporate Solutions names new Australia head
24 July 2024
Swiss Re Corporate Solutions has named Kevin Bates as country head for Australia and New Zealand, effective from November 4...
Cyclone victims left ‘with nowhere to go’
24 July 2024
Far North Queensland community groups and councils outlined concerns with insurers’ responses to Ex-Tropical Cyclone Jasper at today’s flood inquiry hearing in Cairns...
INsight podcast: industry exposure to CrowdStrike outage
24 July 2024
Massive disruption caused by the CrowdStrike outage and the implications for insurers are key discussion topics on the latest edition of the Insurance News podcast...
Allianz repeats call for flood pool
23 July 2024
Allianz has told a Senate inquiry into the impact of climate risk on premiums that a flood reinsurance pool is the best way to make flood cover affordable for the highest-risk households...
AFCA to adopt recommendations after ‘positive’ review
23 July 2024
The Australian Financial Complaints Authority has accepted 12 recommendations made following an independent review of 30 of its determinations...
WTW appoints M&A head for financial lines business
23 July 2024
Global broker WTW has appointed Steven Torresan as head of mergers and acquisitions in its financial and executive risks business for Asia-Pacific and Africa...
Owner of rare vehicle loses bid for $122k bump-up on fire payout
23 July 2024
A car owner who sought to increase his insurance payout from $78,000 to $200,000 has lost a claims dispute...