02 April 2024
General insurance intermediaries invoiced $21.24 billion of premium in the second half of last year, up about $1.9 billion on the corresponding period in 2022, the Australian Prudential Regulation Authority says in a revised update...
02 April 2024
Lloyd’s has delivered a £10.7 billion ($20.7 billion) profit before tax, compared with a year-earlier £800 million ($1.5 billion) loss, thanks to a stronger underwriting result and recovery in investments...
02 April 2024
IAG has appointed former Clayton Utz chief executive partner and board member Robert Cutler as its Group General Counsel...
02 April 2024
A driver who failed to tell his insurer where his vehicle was being stored has lost his bid to have it covered for fire damage...
28 March 2024
The Victorian Government says it's changing governance of the state’s building regulator as part of reforms to increase confidence when people are building, buying or renting a home...
28 March 2024
A homeowner who did not repair his property after receiving a claim settlement has lost a dispute over his insurer’s denial of a later claim...
28 March 2024
WFI Insurance has become ambassador for Farmsafe Australia under a new joint initiative...
28 March 2024
Recent scrutiny of strata insurance remuneration arrangements is the main topic of discussion on the latest Insurance News podcast...
27 March 2024
The total cost of a Baltimore bridge collapse and associated claims could run into the billions of dollars and add to challenges in the reinsurance market, AM Best said today...
27 March 2024
The Albanese Government introduced a bill in parliament today to implement the first phase of its response to the Quality of Advice Review final report, after consultations on proposed draft legislation wrapped up last December...
27 March 2024
About 90% of insurers in Australia have either implemented or are in the process of introducing chatbots or generative AI for claims resolutions, and 98% anticipate improved speed and efficiency, Gallagher Bassett’s annual survey says...
27 March 2024
A traveller who called off his holiday to be with his dying father will not be covered for his losses after a dispute body accepted that his insurer had fairly applied exclusions...
26 March 2024
Sydney jeweller Michel Germani will plead not guilty to allegations that he helped plan and coordinate a staged armed robbery at his Hilton Hotel store in Sydney’s CBD in January last year in an attempt to defraud an insurer...
26 March 2024
Global reinsurance broker Guy Carpenter has appointed Ben Savill as CEO of Pacific to lead and manage its broking operations in Australia and the region, effective April 1...
26 March 2024
Strata Community Association Australasia will fast-track the mandatory introduction of improved insurance disclosure practices and has outlined measures to address complaints and conflicts of interest...
26 March 2024
A vehicle owner has won his bid to overturn a claim denial after a dispute ruling found the insurer hadn’t shown he had not knowingly made a misrepresentation about a fitted refrigeration unit...
22 March 2024
The Federal Court has ruled a contract term in Auto & General home and contents policies requiring customers to notify the insurer of any changes to insured properties is not unfair...
22 March 2024
Industry consultant John Trowbridge says home insurers should move towards offering total replacement policies to tackle “systemic” underinsurance...
22 March 2024
Apartment owner groups have joined with the Australian Consumers Insurance Lobby in calling for national and NSW regulators to start a “thorough investigation” into the practices of strata management firm Netstrata and its associated entities...
22 March 2024
The owner of a wellness business that was overwhelmed with water and mould damage will be partially covered for her losses after winning a dispute against her insurer’s application of a flood exclusion...