Daily
Northern lobby group to pursue wider affordability action
28 June 2022
The Northern Australia Insurance Lobby has changed its name and will take on a national focus as it seeks an expansion of government-backed reinsurance to other risks affected by affordability and availability problems...
'Unconscionable practices': complaints against ACBF top 1000
28 June 2022
More than 1000 complaints have been lodged against four Aboriginal Community Benefit Fund companies over “unconscionable practices” in relation to sales of funeral expense policies...
UTV driver denied beach wipeout claim
28 June 2022
A driver whose utility terrain vehicle suffered a total loss after a beach accident will not be covered by insurance after losing a claims dispute...
Hayne reforms 'distracted insurers from claims management'
24 June 2022
Australian insurers have been urged to “prioritise” improving the claims management aspect of their operations, having spent the last few years focused on complying with reforms stemming from the Hayne royal commission...
Koba takes out 2022 Finnie award
24 June 2022
Pay-per-kilometre car insurer Koba has won this year’s Excellence in Insurtech category, which is sponsored by IAG Firemark Ventures, at the FinTech Australia Finnie Awards...
You parked where? Vintage car owner wins theft dispute
24 June 2022
The owner of a 1990 Nissan Skyline will have his theft claim covered by IAG after a dispute ruling determined that he did not mislead the insurer about where he kept his vehicle...
Booming tech M&A deals require 'unique insurance solutions'
24 June 2022
Brokers should play a greater role in helping tech clients mitigate merger and acquisition deal risk, cyber specialist CFC says...
RACQ Insurance chief exits after industry's 'challenging year'
23 June 2022
RACQ Group Executive Insurance Tracy Green will leave the business, the insurer confirmed today...
Rate hardening cycle extended after floods: S&P
23 June 2022
The record-breaking February/March floods, with insured losses of at least $4.3 billion, will prolong the rate hardening cycle as insurers price in the impact of the catastrophe, according to S&P Global Ratings...
Queensland bans personal injury 'claim farming'
23 June 2022
Queensland parliament today passed new laws forbidding so-called “farming” of personal injury claims after a rise in the targeting of cases such as institutional child abuse and workers’ compensation...
Motorist claim accepted after pre-existing damage denial ruled out
23 June 2022
A motorist who did not disclose a pre-existing dent on her vehicle will have her third-party fire and theft policy claim covered after an Australian Financial Complaints Authority hearing ruled in her favour...
Adios La Nina: BOM declares weather event over, for now
22 June 2022
The La Nina weather event that brought Australia’s costliest ever floods has reached an end, with most climate indicators currently neutral, although the Bureau of Meteorology says some of its modelling suggests the ocean-atmosphere phenomenon may form again later this year...
QBE appeal over historical sex abuse liability dismissed
22 June 2022
The Supreme Court of Western Australia has dismissed an appeal by QBE after a ruling it must indemnify a school council for “significant damages” to a former primary school student who was sexually abused by a teacher...
Life peak body aims for Q4 start as new code finalised
22 June 2022
Australian life insurers announced today they have commenced work to form a peak body to serve as the “collective voice” of the industry, which until now has been represented by the Financial Services Council...
INsight podcast: what's next in emerging risks?
22 June 2022
The Swiss Re Sonar report on emerging risks is the focus of the latest Insurance News podcast, as the panel discusses everything from non-fungible tokens to permafrost pathogens...
NSW budget fails to tackle 'unfair' insurance levy
21 June 2022
Insurance taxes and levies must be included in NSW’s reform agenda, the Insurance Council of Australia says...
NRMA Insurance hit with 30,000 claims from Queensland, NSW floods
21 June 2022
NRMA Insurance says autumn was its third worst season for wild weather home damage since 2015 as it received 25,000 home claims for weather damage – mostly in NSW – to make up 80% of all its home claims...
Vero NZ business survey findings raise insurance concern
21 June 2022
New Zealand SMEs may not be appropriately insured, as most that have made changes to their business because of covid have not talked it through with their broker, according to an annual Vero SME Insurance Index survey...
Homeowner awarded cover for earthquake damage
21 June 2022
A homeowner has won a claim dispute against Youi after an Australian Financial Complaints Authority ruling determined that last year's Victorian earthquake caused his garage ceiling to collapse...
BMS acquires Perth-based brokerage SRG Group
17 June 2022
Specialist insurance and reinsurance broker BMS has acquired Perth-based SRG Group, strengthening its presence in WA as part of wider regional growth plans...