Daily
ASIC grants industry's request for claims handling relief
17 June 2022
The corporate regulator has exempted authorised representatives involved in general insurance claims handling services from having to provide notification of “large numbers of employees” who have been appointed to carry out the work...
Disclosure failure: boarding house owner loses dispute
17 June 2022
A homeowner who failed to disclose that his property was being used as a boarding house will not have fire damage covered by his insurer after losing a claims dispute...
ACT reviewing home warranty cover
17 June 2022
The ACT Government is reviewing its home warranty cover arrangements to ensure they are providing the right level of protection for people building and renovating homes...
Genworth's GWP growth slows, claims rising
16 June 2022
Australia’s leading provider of lenders mortgage insurance expects net claims to rise this year as higher borrowing costs deflate property values...
Motorist loses dispute over undisclosed pre-existing damage
16 June 2022
A driver who wanted his insurer to repair his car and restore it to its pre-accident condition after a collision has lost a claim dispute because he failed to disclose pre-existing damage when purchasing a comprehensive motor policy six months earlier...
Underwriter launches parametric frost cover
16 June 2022
French agency Descartes Underwriting has launched parametric frost cover in Australia to help protect broadacre and horticultural crops, orchards, nut farms and wineries...
SME claims: podcast highlights benefits of using brokers
16 June 2022
The third episode of a special podcast series focused on this year’s Vero SME Index report has been released - delving into the crucial issue of claims...
'Learned nothing': Dual fraudster fails in appeal bid
15 June 2022
Former Dual Australia claims manager Josie Gonzalez has failed in a bid to appeal her sentence and conviction after being found guilty, along with her husband Alvaro, of defrauding the underwriting agency of $17.4 million...
Allianz pleads guilty to false statement criminal charges
15 June 2022
Allianz Australia and its subsidiary AWP have pleaded guilty to criminal charges of making false or misleading statements in relation to travel insurance, the Australian Securities and Investments Commission said today...
Long covid may drive up claims, actuaries predict
15 June 2022
Workers’ compensation claims are probably going to rise amid growing evidence that a fraction of the community that caught covid are displaying long-term health complications, the Actuaries Institute says in a new research paper released today...
IAG completes NZ executive team
15 June 2022
IAG New Zealand has announced three new executive team roles, finalising organisational changes as it focuses on expanding customer outreach...
Timing doubtful on cyclone pool savings delivery
14 June 2022
The Northern Australia Insurance Lobby says the Federal Government cyclone reinsurance pool is unlikely to deliver savings benefits to consumers starting from the previously announced July commencement date as work continues to finalise the details...
Steadfast's Kelly named in Queen's Birthday Honours
14 June 2022
Steadfast MD and CEO Robert Kelly has been named a Member of the Order of Australia in the Queen’s Birthday Honours list...
Youi appoints 'innovative' marketing chief
14 June 2022
Youi announced today the appointment of Angela Greenwood as Chief Marketing Officer, replacing Joachim Holte who left the business earlier this year...
Underinsured landlord loses claim for additional payments
14 June 2022
A landlord who sought additional funds for a building fire claim after saying his insurer failed to inform him that he was underinsured has lost his claims dispute...
Perils raises eastern Australia floods estimate to $4.9 billion
10 June 2022
Catastrophe data company Perils has raised its estimate for this year’s eastern Australian flooding to $4.895 billion as the insurance industry deals with a high volume of claims and rising costs...
Ban all remaining conflicted remuneration: Choice submission
10 June 2022
Consumer advocacy group Choice wants a ban on all remaining conflicted remuneration in the advice industry, including commissions for general insurance, consumer credit insurance and life insurance...
FM Global resilience index ranks Australia as third best in region
10 June 2022
Australia is the third most resilient economy in the Asia Pacific region, after Singapore and New Zealand, according to an annual FM Global index measuring a business environment’s strengths and vulnerabilities...
Convenience store theft not covered by owner's business insurance
10 June 2022
A convenience store owner who was the victim of theft when an employee stole money and contents will only have part of their losses covered after losing a business pack claims dispute...
Disasters put heat on cost-inflating taxes: ICA
09 June 2022
The flooding catastrophe has underscored the importance of abolishing state taxes and levies that increase the cost of cover and contribute to affordability problems, Insurance Council of Australia President Nick Hawkins has told the industry’s annual dinner...