Daily
Dual in $822,000 claims dispute with aged care provider
11 August 2022
NSW-based St George Aged Care has filed a suit in the Federal Court to recoup substantial advice fees under a Dual Australia policy after health authorities demanded it appoint an adviser to address compliance failures during a covid outbreak, or risk withdrawal of government subsidies...
360 appoints Construction and Engineering head
11 August 2022
360 Underwriting Solutions has appointed Scott Luxford to lead its Construction and Engineering business...
Insurer fails to deny claim using 'commercial' exclusion
11 August 2022
A homeowner will be compensated for his wrecked greenhouse after winning a claims dispute against his insurer, which tried to argue that the structure was a commercial building...
NSW floods inquiry backs land swaps, mitigation action
10 August 2022
A NSW Parliamentary inquiry into the flooding catastrophe has recommended the state government consider investing in relocation and land swaps for people who wish to move from hard-hit areas and that it should increase mitigation spending...
Champions for change: Dive In registration opens
10 August 2022
Registration has opened today for this year’s Dive In, its biggest ever festival with more than 150 events to take place across at least 40 countries...
IAG report reveals natural disaster costs on small businesses
10 August 2022
IAG has detailed the impacts of natural disasters on small businesses and called on the government to increase security for regional communities against severe weather events...
INsight podcast: a long-awaited BI test case update
10 August 2022
The latest developments in the covid business interruption test cases are the main discussion points on the latest Insurance News podcast...
Cyclone pool a band-aid as more action needed: Suncorp
09 August 2022
The Federal Government-backed cyclone pool offers a "band aid" solution to the rising cost of natural catastrophes and must be accompanied by resilience and mitigation measures, Suncorp CEO Steve Johnston says...
Treasury review of ASIC industry funding model commences
09 August 2022
Treasury has started a review of the Australian Securities and Investments Commission industry funding model, with plans for a public consultation later in the year...
Farmer's sugar cane dispute goes up in flames
09 August 2022
A sugar cane farmer who lost his crop to a bushfire in November 2018 has lost his bid to have his payout increased after a dispute ruling determined his insurer’s settlement offer to be fair...
Deadline nears for Mansfield Awards feedback
09 August 2022
The deadline is nearing for feedback that will help decide the Mansfield Awards for Claims Excellence, which will be presented at a special event in Sydney next month...
Lloyd's targets fresh capital with new vehicle
05 August 2022
Lloyd’s has marked another milestone in its transformation plans, gaining regulatory approval for an arrangement that will make it more appealing for institutional investors and help attract more diverse sources of capital...
Five factors driving commercial insurance transformation
05 August 2022
The commercial insurance industry is under rising pressure from five influences including economic uncertainty and increasing environmental, social and governance activism, KPMG says...
55 and out: repeat claimant loses fight for renewal
05 August 2022
A homeowner who lodged 55 home and contents claims will have her policy cancelled after a dispute ruling determined that her insurer was within its rights not to offer her a renewal...
Phones to dentures: insurer shares top 10 contents claims
05 August 2022
Mobile phones, glasses and laptops are the items New Zealanders are most likely to misplace, damage or lose to thieves, contents claims data shared by IAG brand State Insurance NZ reveals...
High Court to hear arguments on second test case appeal
04 August 2022
The High Court of Australia will hear oral arguments on special leave to appeal applications arising from the second insurance industry test case on business interruption cover during the pandemic...
Complainant compensated for 'inappropriate selling'
04 August 2022
A car owner will be refunded the premiums he paid for an equity protection insurance policy after a dispute ruling found his insurer engaged in inappropriate sales tactics...
Fixed-price repair model 'becoming untenable' as costs rise
04 August 2022
Fixed-price property repair contracts entered into by insurers and contractors, which have been the market standard for decades, are becoming “increasingly untenable” due to surging costs in a volatile economic environment, an Axa XL claims specialist says...
'Golden age' dawns for travel insurance: Allianz Partners
04 August 2022
Allianz travel insurance policy purchases have almost doubled each month since January, the insurer says, rebounding as covid-related restrictions gave way to a 34% spike in international departures in June as Australians headed to Europe for the first time in two years...
Floods warning as negative IOD declared, La Nina watch remains
03 August 2022
Australia’s east coast faces “elevated” flood risk in the coming months through to spring following the formal declaration of a negative Indian Ocean Dipole event, the Bureau of Meteorology says...