Daily
Cornerstone buys Toowoomba authorised representative
02 December 2022
Cornerstone Risk Group has acquired Toowoomba-based PMA Trilogy Insurance Solutions, as the Resilium-backed business continues to expand its market presence in Queensland...
AI 'brings new risks to brand, profitability': KPMG
02 December 2022
Fundamental ethics questions are being raised by widespread adoption of artificial intelligence and machine learning, and this requires careful governance and oversight, the latest Cyber trust insights report from KPMG says...
Competition watchdog clears iSelect takeover by rival comparator
02 December 2022
Innovation Holdings Australia is set to take full control of iSelect after the Australian Competition and Consumer Commission approved the proposed acquisition...
Bike owner overturns insurer's 'false theft' claim denial
02 December 2022
The owner of a stolen motorcycle who had his claim denied will be reimbursed for his losses after an Australian Financial Complaints Authority determination refuted allegations from his insurer that the claim had been false...
Insurer handbook explores AI bias avoidance
01 December 2022
A new guide has been created to help insurers avoid breaching anti-discrimination laws when using artificial intelligence (AI), saying underwriters must be careful assumptions are based on reasonable evidence...
Vero named NZ's top insurer
01 December 2022
Vero took out the top gong at this year’s Australian and New Zealand Institute of Insurance and Finance New Zealand Insurance industry awards, to be named general insurance company of the year...
Leading brokers announce acquisitions
01 December 2022
Honan and Howden have both announced acquisitions today, as M&A in the broking sector continues to be highly competitive...
71 defects: insurer must rectify roof repairs after losing dispute
01 December 2022
A landlord whose property was hit by a hailstorm will have her roof replaced after a dispute ruling determined that her insurer inappropriately conducted repairs that failed to identify all damage and caused additional issues...
'Breaking pricing promises for years': code watchdog flags breaches
30 November 2022
The industry’s failure to honour pricing discounts has been going on for years, spanning even the operation of the previous 2014 Code of Practice, the General Insurance Code Governance Committee says in its report for the 2021/22 year...
Aon names Reinsurance Solutions Australia CEO
30 November 2022
Aon has appointed John Carroll as Reinsurance Solutions CEO Australia and New Zealand as part of key changes to its Asia Pacific leadership team...
Flood catastrophe 'costliest weather event in Australian history'
30 November 2022
The Insurance Council of Australia says the February-March flood catastrophe that hit Queensland and NSW is Australia’s most expensive natural disaster...
INsight podcast: Ardonagh's big move
30 November 2022
Ardonagh's acquisition of Brisbane-based Envest is the main topic of discussion on the latest Insurance News podcast...
Insurance House parent buys another Victorian broker
29 November 2022
Insurance Brands Australia has acquired Victorian brokerage Mattiske & Henderson Insurance Services based in Hamilton, further extending its regional presence in the state...
Zurich appoints UK exec to new Australia property, marine role
29 November 2022
Zurich has appointed Evan Moore to take up the newly created role of Head of Property, Marine & Technical Lines for its general insurance business in Australia...
ASIC drops FSG burden for AR claims handlers
29 November 2022
The corporate regulator says providers of claims handling and settling services will no longer have to provide clients with a Financial Services Guide to reduce the "burden of duplicative disclosure"...
Parts of WA, Queensland, NSW, Tasmania face heightened fire risk
29 November 2022
Large areas of Australia face above normal fire potential this summer as saturated ground supports vegetation and fuel load growth...
Slow cyclone pool roll-out reflects complexities: insurers
25 November 2022
Northern Australia cyclone reinsurance pool complexities are preventing insurers joining more quickly, while the Federal Government would need to consider subsidising the scheme if it wanted to deliver more significant savings for consumers, insurers have told a federal parliamentary committee inquiry...
Youi appoints David Foster as Chairman
25 November 2022
Youi board director David Foster will become Chairman on January 1, taking over from Campbell Corfe who has served in the role since 2011 and will stay on as Non-Executive Director...
'Same risk, different premium': insurer wins dispute over properties 600m apart
25 November 2022
A complainant who said his insurer incorrectly applied premium increases to properties in close proximity has lost his dispute after an Australian Financial Complaints Authority ruling...
$200 million a year disaster mitigation fund becomes law
25 November 2022
The Australian Parliament has passed amendments to ensure up to $200 million a year in disaster funding focuses "solely on mitigating the impacts of natural disasters", the Federal Government says...