Daily
Resilium builds 'significant footprint' with AR acquisitions
01 June 2022
Resilium Partners has made more acquisitions as the Ardonagh-backed business ramps up its presence in the Australian market...
Financial Services Minister appointed; climate, cyber gain focus
01 June 2022
Prime Minister Anthony Albanese has appointed Stephen Jones as Assistant Treasurer and Financial Services Minister and has given climate change and cyber security portfolios an elevated focus within Cabinet...
INsight podcast: rising claims and rising premiums
01 June 2022
APRA's latest quarterly statistics - and the impact of the flood catastrophe on them - are the main topic of discussion on the latest Insurance News podcast...
Insurers flag talent shortage issues
31 May 2022
Insurers have highlighted key challenges as a talent drought caused by high employment and covid-induced border closures continues...
User pays: AFCA's new funding model to start in July
31 May 2022
The Australian Financial Complaints Authority says a new “user pays” funding model will take effect on July 1, with more transparent and simple fee calculations...
QBE appoints data chief
31 May 2022
QBE Insurance Group says Christopher Bannocks has joined as Group Chief Data Officer based in the insurer’s London office...
Homeowner’s earthquake claim falls apart
31 May 2022
A man who says last year's Victorian earthquake damaged his house will not have his insurance claim paid out after losing a dispute...
Insurer demands on cyber protocols lift security: Marsh
27 May 2022
Cyber insurance creates a “valuable feedback loop” as underwriting teams learn from related claims and adjust their requirements to reflect controls that could have mitigated them, Marsh says...
RACQ forms Advocacy department
27 May 2022
RACQ has appointed Joshua Cooney to head a new Advocacy department and is looking to hire sustainability and government relations and policy leaders as part of the team...
Lismore pressing for floods retreat plan funding
27 May 2022
Lismore City Council GM John Walker says state and federal funding totalling hundreds of millions of dollars will be required for a property retreat plan to go ahead, as the city seeks to protect the community from future devasting floods...
'I ticked the wrong box': insured must pay $10,000 excess
27 May 2022
A landlord who says he mistakenly selected a $10,000 excess on one of his insurance policies will have to pay the full amount after losing a claim dispute...
Industry sinks to $428 million loss as floods take a toll
26 May 2022
The general insurance industry slumped to a $428 million net loss in the first three months of the year, as the February/March floods drove up gross incurred claims, Australian Prudential Regulation Authority statistics released today show...
'Wettest since 1900': flood catastrophe sets rainfall records
26 May 2022
A host of new rainfall records were set during the extreme flood event in Queensland and NSW from February 22 to March 9, with more than 50 sites recording over a metre of rainfall in a week, the Bureau of Meteorology says...
Business loses dispute over lockdown BI cover
26 May 2022
The Australian Financial Complaints Authority has found in favour of an insurer in a dispute over stock damage and business interruption losses incurred during a covid lockdown...
Swiss Re calls for government subsidies to flood-proof homes
26 May 2022
Swiss Re’s local chief has called on governments to offer subsidies to homeowners so they can afford to pay for flood mitigation measures...
Australian protection gap surges: Aon
25 May 2022
Australia’s insurance protection gap jumped to 57% last year as a result of the diverse range of natural catastrophes that affected the country, Aon says...
P&C premium 'to top $74 billion by 2032'
25 May 2022
Australia’s general insurance market is projected to be worth at least €49.1 billion ($74 billion) by 2032, representing growth of about 3.9% on a compound annual basis over the next 10 years, according to a new report from Allianz...
Man who left 'hidden' key in car loses theft claim dispute
25 May 2022
A man who left his key in his car at the time it was stolen has lost his appeal to the Australian Financial Complaints Authority to have his insurance claim paid...
INsight podcast: new government, new priorities
25 May 2022
The new Labor Federal Government and its approach to the insurance industry is the main topic discussed on the latest Insurance News podcast...
Chances increase for above-average winter rainfall
24 May 2022
Climate drivers in the Pacific and Indian oceans are pointing to an increased chance of above-average winter rainfall in eastern Australia, the Bureau of Meteorology says...