Daily
‘Not convinced’: minister flags flood pool dangers
22 October 2024
Financial Services Minister Stephen Jones says he remains unconvinced about a flood reinsurance pool but the government will consider the issue, as recommended in the flood inquiry final report...
Suncorp chief defends pricing, outlines inquiry response
22 October 2024
Suncorp is “well advanced” in adopting many recommendations from the parliamentary floods inquiry, CEO Steve Johnston told this morning’s annual general meeting, where insurance affordability challenges weighed heavily...
AFCA sides with traveller after illness ends holiday
22 October 2024
A traveller who fell ill a few days into a planned year-long holiday has won his bid to have medical expenses and air ambulance costs covered after his insurer argued his pre-existing mesothelioma was the cause of the sickness...
Residents fear cities unprepared for climate dangers
22 October 2024
Cities around the world are considered underprepared for climate risks, according to a Zurich and Economist Impact report that includes Sydney as a case study...
ICA to review flood inquiry findings
18 October 2024
The Insurance Council of Australia says it will review the parliamentary flood inquiry report released today, while consumer groups and counsellors have called for the industry to accept the recommendations...
Lobby maintains reform pressure as strata fees in news again
18 October 2024
The Australian Consumers Insurance Lobby has again pushed for reforms after the ABC yesterday reported more details about the fee practices of Netstrata and its wholly owned broker, Strata Insurance Services...
Regulator flags further crackdowns as CTP fraudster jailed
18 October 2024
NSW’s State Insurance Regulatory Authority has prosecuted a compulsory third party claimant who lied about being unable to work after a vehicle crash...
Building or contents? AC burnout sparks excess row
18 October 2024
A homeowner has lost a bid to have his excess reduced by more than $4000 after claiming for a damaged air-conditioning unit...
‘Defining’ months ahead as review findings loom
17 October 2024
Review outcomes and rising premiums have set up a “defining time” for the industry, which must ensure it has a seat at the table as governments consider reforms, Suncorp CEO Steve Johnston told the Insurance Council of Australia annual conference...
Time for closure on 2022 flood claims, ASIC says
17 October 2024
The Australian Securities and Investments Commission has told insurers it is time to resolve remaining claims from the 2022 floods catastrophe, with the regulator concerned about the numbers still outstanding...
Smoke without fire? Landlords win tenant damage dispute
17 October 2024
Homeowners whose property was damaged by tenants will receive more than $48,000 to cover fire-related losses after the dispute authority ruled that a smoke exclusion could not be relied upon....
‘Crash injuries’ pre-dated bike fall, court rules
17 October 2024
A woman’s bid for damages stemming from a road accident has been rejected after a judge found her injuries and mental illness pre-dated the crash...
Insurers bear ‘ultimate responsibility’ for partners, conference told
16 October 2024
The industry has been told to expect increased scrutiny on the outsourcing of work to underwriting agencies, brokers and other service providers under governance requirements starting next year...
Insurtech Koba eyes sale after entering administration
16 October 2024
Koba Insurance is in sale talks after entering voluntary administration...
La Nina threat starts to evaporate
16 October 2024
The chance of La Nina occurring this summer has fallen, according to the Bureau of Meteorology’s latest update...
INsight podcast: home comfort as profitability turns
16 October 2024
A turnaround in home insurance profitability is the main topic of discussion on the latest Insurance News podcast...
‘Implausible’ claim: BMW owner jailed over staged crash
15 October 2024
A motorist has been sent to jail after the ACT Supreme Court found he overinsured his BMW and deliberately drove into the back of a car in a staged accident...
Tech danger the ‘new pandemic’
15 October 2024
Concerns over misuse of technology have grown with half of the world’s population about to vote or having already cast ballots this year, an annual Axa risk report has found...
Mum loses dispute over drink-affected son’s double car smash
15 October 2024
A car owner who wanted her insurer to cover third-party damage caused by her son has been denied a payout after the complaints authority ruled he had probably been drink-driving...
Webinar examines benefits of collaboration in claims
15 October 2024
Insurance News will host a webinar titled Enhancing Collaboration in Claims Management next month, bringing together industry experts from sponsor Vero and McLardy McShane...