Daily
Disaster resilience funding bill enters Parliament
07 September 2022
The Federal Government has introduced a bill into Parliament to provide up to $200 million a year for disaster resilience, after committing before the election to a spending boost long sought by insurers...
Car owner who purchased cover after fire loses dispute
07 September 2022
A complainant has lost her claims dispute after it was revealed she bought her policy minutes after her car was set on fire...
INsight podcast: personal advice, general advice, and what to do next
07 September 2022
A detailed discussion about the Quality of Advice review takes place in the latest episode of the Insurance News podcast, now that the panel has had time to read the interim report...
Insurers face underwriting 'squeeze' from inflation: Fitch
06 September 2022
Fitch Ratings says insurers’ underwriting earnings over the next few years are likely to weaken in the face of “persistent” inflation, pointing out increasing premium rates to offset rising claims costs will be difficult in a slowing economy...
BI court case delivers win for Lloyd's underwriters
06 September 2022
Lloyd’s underwriters have won a business interruption court case affirming that a policy issued to a fitness centre excluded cover for covid disruptions despite wordings citing the repealed Quarantine Act...
Insured challenges premium rise that followed 'at fault' pothole claim
06 September 2022
A complainant whose comprehensive car insurance policy premium rose significantly on renewal, partly due to an "at fault" claim after he hit a pothole, has lost his bid to have the increase reversed by the Australian Financial Complaints Authority...
AILA crowns 2022 Ron Shorter award winner
06 September 2022
Jackson McDonald Solicitor Charlotte Hall has won this year’s Australian Insurance Law Association’s Ron Shorter award, a public speaking prize for young professionals in the insurance industry...
Dual Asia Pacific names Deputy CEO
02 September 2022
Underwriting agency Dual Asia Pacific has appointed Michael Ussher as Deputy CEO and Jane Cullen as Chief Information Officer, effective October 1...
Profitability recovery in PI, D&O faces headwinds
02 September 2022
A profitability recovery in professional indemnity and directors’ and officers’ insurance could be derailed by headwinds fanned by economic instability, an increase in competition and regulatory shifts, an industry conference has heard...
AICLA seeks longer catastrophe work visas
02 September 2022
A submission to this week’s jobs summit seeks that three-month temporary work visas allocated during times of catastrophe to overseas insurance loss adjusters be extended to a minimum of six months...
Luxury vehicle owner loses 'opportunistic theft' dispute
02 September 2022
The owner of a stolen 2019 Mercedes AMG G Wagon will not be covered for his loss after a dispute ruling determined that his insurer was entitled to decline the claim after he failed to store the vehicle appropriately overnight...
'Penny drops on mitigation', but ICA pushes for further funding
01 September 2022
The Insurance Council of Australia (ICA) says "the penny has dropped" on disaster mitigation, but says further government funding is still needed...
New federal disaster agency preparing for 'high risk' flood season
01 September 2022
Australia’s new disaster response co-ordinator, the National Emergency Management Agency, began operations today as weather forecasters maintain the east coast faces a “high risk” of flooding this summer...
Out with the old: new fire danger rating system introduced
01 September 2022
A new, nationally consistent fire rating system which more accurately predicts bushfire threat has been rolled out today in time for the impending fire season...
Claimant wins dispute after insurer fails to prove disclosure warning
01 September 2022
A motor vehicle policyholder who had her claim denied by her insurer due to non-disclosure of a licence loss has won her claims dispute...
'New beginning': Ensurance focuses on Australian market after maiden profit
31 August 2022
Underwriting agency Ensurance says the business is set on growing its Australian operations after achieving a first-ever profit in the last financial year...
Swimmer loses dispute over 'unattended' bag left on beach
31 August 2022
A tourist whose bag and belongings were stolen while he was swimming at a beach overseas will not be covered for his losses after losing a claims dispute...
SIRA censures AAMI over failure to report 'significant matter'
31 August 2022
The NSW State Insurance Regulatory Authority has issued a letter of censure to compulsory third party insurer AAMI for failing to comply with an obligation to report a significant matter...
INsight podcast: future for advice and more claims pain
31 August 2022
The recently released Quality of Advice proposals paper makes for an interesting debate on the latest episode of the Insurance News podcast...
Advice shake-up proposes controversial change
30 August 2022
Personal advice would apply more broadly and a “good advice” duty would replace the “best interests” obligation under a proposed revamp that would have implications for insurers and brokers, and which has sparked consumer group concerns that protections may be wound back...