Daily
Industry CEOs step up for children's cancer fundraiser
15 September 2022
Insurance bosses taking part in the annual CEO Dare to Cure fundraiser organised by the Children’s Cancer Institute have raised more than $83,000...
Hospitalised tourist covered after winning pre-existing condition dispute
15 September 2022
An overseas traveller who was hospitalised for days to treat inflamed intestines will have his claim paid after its denial was overturned by an Australian Financial Complaints Authority ruling...
INsight podcast: the true cost of catastrophes
15 September 2022
A pair of Insurance Council of Australia reports on natural catastrophes are the main talking point on the latest Insurance News podcast...
'Unprecedented times': floods ranked as Australia's costliest ever disaster
14 September 2022
Perils has upped its insured loss estimate for this year’s flooding in Queensland and NSW to $6.3 billion, making it a record catastrophe loss for the Australian insurance industry...
La Nina snuffs ACT's October fire risk
14 September 2022
The ACT bushfire season has been pushed back a month to a start date of November 1 after unusually wet weather this year, allowing rural land holders to undertake private hazard reduction burns for another six weeks without the fire permits required throughout the official bushfire season...
Motorist wins dispute over 'highly implausible' kangaroo crash
14 September 2022
A driver who collided with a pole after swerving off the road to avoid a kangaroo has won a dispute against her insurer, who alleged the claim was fraudulent...
ICA prepares for NSW flood forums
14 September 2022
The Insurance Council of Australia has changed the date for one of next week’s in-person meetings with NSW flood-hit communities due to the National Day of Mourning for Queen Elizabeth II...
It's back: third consecutive La Nina underway
13 September 2022
The Bureau of Meteorology says Australia has entered a La Nina weather event, increasing the likelihood of floods this spring and summer...
Reinsurance pools 'no panacea' for rising claim costs: S&P
13 September 2022
Rising catastrophe costs are likely to increase collaboration between policymakers and reinsurers, but government-backed risk management pools are a “useful patch” and not a panacea, S&P Global Ratings says...
Lost luggage, flight cancellation claims surge
13 September 2022
Allianz Partners is highlighting the importance of travel insurance ahead of the September school holidays after a surge in claims due to flight cancellations and lost or delayed baggage, especially for domestic travel...
'Don't speculate': insurer loses dispute after denying motor claim
13 September 2022
The owner of a 2016 Nissan X-Trail will be compensated for water damage to her car after winning a claims dispute...
Lloyd's rings Lutine Bell in memory of Queen Elizabeth II
09 September 2022
Lloyd’s has rung the historic Lutine Bell in honour of Queen Elizabeth II, who has died at the age of 96 after becoming Britain’s longest-reigning monarch...
'Find another way': ICA intensifies calls to abolish insurance taxes
09 September 2022
The Insurance Council of Australia has repeated its call for states and territories to abolish taxes and levies on insurance...
Inflation pressures biting as risk awareness rises
09 September 2022
The post-pandemic environment has seen risk awareness rising at the same time as increasing inflation is escalating costs for underwriters and increasing pressure on insurance buyers having to absorb higher prices, Swiss Re Asia Chief Economist John Zhu says...
'A bit suss': claimant loses dispute over alleged jewellery theft
09 September 2022
A man who had his claim denied after he alleged thieves entered his home and stole $117,000 worth of jewellery has lost his bid to overturn the decision after a dispute ruling said he failed to establish he suffered a loss...
AFCA receives more than 900 floods complaints, expands team
08 September 2022
The Australian Financial Complaints Authority has received around 950 complaints from consumers affected by the Southeast Queensland and northern NSW floods, with claim handling delays the most common cause of dispute...
'Critical point': insurers fear next flood as La Nina looms
08 September 2022
Insurers are “trepidatious” about what the upcoming summer holds as they continue to battle through more than 230,000 claims from the east coast flood catastrophe earlier in the year...
AUB launches strata expansion with SUU acquisition
08 September 2022
AUB Group has agreed to acquire Strata Unit Underwriters from IAG for an undisclosed sum as it looks to boost its presence in the market...
Last resort compensation scheme bill introduced as Treasury consultation opens
08 September 2022
Treasury today released for consultation the exposure draft regulations for the planned compensation scheme of last resort after the introduction of the legislation in parliament this morning...
FM Global announces regional leadership shake-up
07 September 2022
FM Global says James Thompson has been appointed Senior VP APAC Division Manager with responsibility for the oversight of all the US mutual insurer’s operations in the Asia Pacific, taking over from Ziad Alex S. Tadmoury...