Daily
NIBA delays code of practice disclosure rules
06 July 2022
The National Insurance Brokers Association will delay implementation of a crucial section of its new code of practice for 12 months following feedback from members on the challenges of changing systems and processes in a tight timeframe...
Insurers receive 4360 claims from latest NSW flood
06 July 2022
Insurers have received 4360 claims since Friday related to the storms and flooding in NSW, the Insurance Council of Australia says...
Cash offer ‘insufficient’: AFCA says insurer must pay more
06 July 2022
An insurer has been told its offer to cash settle a house fire claim is "insufficient" for the insureds to complete the repairs and to cover any variations that may occur once works commence...
INsight podcast: reinsurance in focus as floods hit again
06 July 2022
The severe flooding in NSW and reinsurance market implications from Australia’s natural catastrophes are discussed during the latest Insurance News podcast...
Far from over: ICA declares NSW floods a significant event
05 July 2022
The Insurance Council of Australia (ICA) has declared a significant event for regions of NSW impacted by severe storm and flooding in recent days, and says it may escalate its declaration to an insurance catastrophe...
Honan appoints CFO as business pursues growth plans
05 July 2022
Honan Insurance Group has appointed Jacob Gunzburg to the newly created position of Chief Financial Officer as the business pursues growth ambitions...
Proposed NSW home building insurance scheme reforms released
05 July 2022
NSW has opened consultation on a list of 15 proposals to improve the state’s home building compensation (HBC) insurance scheme, which is compulsory for principal contractors in the residential construction industry for works exceeding $20,000...
Homeowner’s collapsed carport claim blown away
05 July 2022
A homeowner whose carport collapsed after it incurred storm damage will not have his claim reimbursed after losing a dispute ruling...
Flood-struck areas warned to brace for new deluge
01 July 2022
A severe weather warning for heavy rainfall in Sydney and NSW’s Illawarra and Central Tablelands districts has been issued today by the Bureau of Meteorology, which says flooding is possible for numerous river catchments, including the Hawkesbury and Nepean rivers...
Liberals hit back in cyclone pool stoush
01 July 2022
Liberal MPs have defended the former Morrison government’s promotion of the cyclone reinsurance pool scheme after Labor yesterday accused it of misleading the public over potential premium savings...
Merged agencies to hone federal disaster focus
01 July 2022
The Federal Government plans to merge the National Recovery and Resilience Agency and Emergency Management Australia to strengthen the focus on natural disasters...
Victoria silicosis compensation reforms take effect
01 July 2022
Victorian compensation reforms to assist workers and families affected by silicosis and similar progressive occupational diseases have come into force today...
'Wild exaggeration': detail of cyclone pool savings revealed
30 June 2022
Home and business owners in northern Australia can expect average premium savings of 15-20% when insurers join the cyclone reinsurance pool, according to modelling released today...
Steadfast boosts risk offering with investment in fire detection specialist
30 June 2022
Steadfast has made a “strategic” investment in Flame Security International, a fire detection and protection specialist headquartered at the University of New South Wales...
Energy company cyber demand 'skyrockets'
30 June 2022
Energy company demand for cyber insurance has skyrocketed globally in recent months as firms worth billions of dollars find themselves at the top of hacker target lists, a Gallagher report says...
Man kicked out of home by police loses claim dispute
30 June 2022
The owner of a 2007 Mercedes Benz van who was removed from his home by police will not have his insurance claim processed until he submits further information, after the Australian Financial Complaints Authority ruled against him...
'Closer to sustainability': D&O insurers now competing for business
29 June 2022
The loss-making directors’ and officers’ market has finally turned a corner, after rates peaked late last year as insurers adjusted prices in a bid to achieve profitability, broker Aon says in a second quarter update...
BI decision awaited as High Court pauses for winter recess
29 June 2022
The High Court winter recess is set to extend the timeframe for decisions on whether leave to appeal will be granted on disputes over business interruption cover during the pandemic, as the industry test case process approaches the two-year mark...
Unwell traveller loses dispute over non-disclosure by representative
29 June 2022
An Australian who suffered a self-harm emergency overseas and was flown home by air ambulance with nursing and financial aid from the government has lost a claim dispute because someone else who bought the travel insurance on her behalf did not disclose that she had pre-existing medical conditions...
INsight podcast: La Nina gone, but clean-up challenges remain
29 June 2022
The end of the La Nina weather system that contributed to record-breaking floods in NSW and Queensland is the focus of the latest Insurance News podcast...