Daily
Suncorp to cut 25 senior insurance positions: FSU
31 October 2023
The Finance Sector Union says it was briefed on Monday by Suncorp executives that around 25 senior positions are to be made redundant as part of a revamp of the insurer’s operational structure...
Markel scales up as casualty, Sydney heads appointed
31 October 2023
US specialty insurer Markel has made more senior hires following the launch of its Australia business this month...
AFCA backs claim denial after tenant's death
31 October 2023
A landlord who sought compensation for losses following the death of his tenant has lost his claims dispute after the Australian Financial Complaints Authority found the circumstances of the loss were not coverable under his policy...
Steadfast boosts international leadership after US acquisition
27 October 2023
Steadfast has appointed key executives to its International team as it expands in the US, while the company also told the annual general meeting today that first quarter trading conditions remained strong...
New code confirms revised broker disclosure requirements
27 October 2023
A new version of the Insurance Brokers Code of Conduct has been published, with revised wording around the disclosure of remuneration...
Two die, homes lost in Queensland bushfires
27 October 2023
A man and a woman have died and 32 homes have been lost in bushfires that continue to burn in Queensland’s Western Downs...
Claim accepted, then denied on the day insureds were moving out
27 October 2023
A homeowner will have his claim paid and has been compensated the maximum amount for non-financial loss after his insurer accepted a claim, then changed its mind and denied it on the day his family was moving to temporary accommodation...
Optima report: industry sprints to 'remarkable' $3.6 billion profit
26 October 2023
The industry has performed well despite a challenging environment, posting a net profit after tax of $3.6 billion in the last financial year, actuarial firm Finity says in its annual Optima report released today...
GI code breaches drive $319 million in remediation payments
26 October 2023
General Insurance Code of Practice significant breach remediation payments jumped to $319 million last financial year, affecting 4.6 million consumers, a governance committee annual report released today shows...
‘The attackers are back’: ransomware victims surge 143%
26 October 2023
Cyber attacks and extortion claims have resurged this year, with ransomware victim numbers up 143% globally during the first quarter, Allianz Commercial says...
Insurer overruled on cracks found after earthquake
26 October 2023
A property owner will be partially compensated for earthquake damage to her home after a dispute ruling found the insurer had not provided a reason to reduce its liability...
Travel insurers say demand for cruise cover is soaring
25 October 2023
Demand for travel insurance for cruise holidays has leapt in Australia as under 40s, empty nesters and families with older children all sign up for voyages...
ASIC joins forces with global counterparts to boost supervision
25 October 2023
The Australian Securities and Investments Commission has become a signatory to an international agreement that boosts cooperation among insurance regulators...
Insurer not liable after traveller denied access to plane over vaccination status
25 October 2023
A traveller who was not allowed to board his flight after failing to provide proof of his Covid-19 vaccination status has lost his claims dispute...
INsight podcast: why you love insurance, and why you don't
25 October 2023
Your views on what you like - and don't like - about the insurance industry are one of the main topics of discussion on the latest Insurance News podcast...
Building code strengthening would save $4 billion: ICA report
24 October 2023
Strengthening building standards to improve home resilience for cyclones, floods and bushfires could save $4 billion a year, a report commissioned by the Insurance Council of Australia has found...
Driver wins dispute over lithium battery failure following storm
24 October 2023
The owner of a 2012 Holden Volt hybrid vehicle whose battery was damaged by a thunderstorm will be covered for her loss after a dispute ruling found her insurer did not have grounds to decline the claim...
Have your say on the future of Insurance News – and enter $500 draw
24 October 2023
Insurance News is asking readers to help set the future direction of our publications by taking part in our latest survey...
‘Biggest ever’: hundreds attend NT Insurance conference and awards
24 October 2023
More than 350 insurance professionals attended the NT Insurance Conference Awards Dinner on Friday, where seven winners were crowned at an ‘Old Hollywood’ themed gala...
Complaints transparency to boost accountability: icare
20 October 2023
Increased transparency over complaints is being introduced as part of reforms to improve workers’ compensation scheme claims handling performance, icare CEO Richard Harding has told a NSW Parliamentary Committee today...