Daily
Australia's cyber insurance market 'immature'
11 October 2022
The local cyber insurance offering is underdeveloped and reduced underwriting appetite and tougher terms has left most Australian businesses underinsured or not covered at all, industry law firms say...
Steadfast supports Indigenous opportunities program
11 October 2022
Steadfast has partnered with EM-Power Foundation on expanding opportunities for Indigenous people within the agriculture and food industry...
Take a bath: insurer forced to pay after failing to enforce tap exclusion
11 October 2022
A homeowner will be covered for damage caused by a running bath tap after a dispute ruling determined that her insurer failed to inform her about the exclusion it applied in its claim denial...
Resilium-backed Cornerstone acquires Brisbane brokerage
07 October 2022
Cornerstone Risk Group has acquired SureFinity Insurance Brokers, a Brisbane-based brokerage that specialises in “niche” industries such as leisure, amusement, recreation, sport and entertainment...
Workers' comp fraudster sentenced after undisclosed bus driving
07 October 2022
A NSW court has sentenced a tradesman for defrauding the workers’ compensation scheme after an investigation found he became a bus driver while receiving injury payments...
AICLA CEO defers retirement
07 October 2022
Australasian Institute of Chartered Loss Adjusters CEO Tony Libke has put his retirement on hold while the organisation searches again for a candidate to succeed him...
Gift card charade: mum compensated for insurer's 'limited' settlement
07 October 2022
A complainant who received a gift card as a settlement for a broken laptop has successfully challenged her claim outcome after a dispute ruling determined that the card gave her “limited options” to find a like-for-like replacement...
NSW under major flood warnings, Sydney has wettest ever year
06 October 2022
The Bureau of Meteorology has warned major flooding is possible for parts of the Lower Hunter and several inland NSW rivers, while coastal catchments and Greater Sydney may flood this weekend...
icare selects six workers’ compensation claim service providers
06 October 2022
NSW state-owned insurer icare has selected six claims and injury management service providers following a consultation on changes to improve the performance of the workers’ compensation scheme...
Motor insurers adopt Credit Clear’s at-fault claim system
06 October 2022
ASX-listed Credit Clear says it signed four contracts with car insurance clients last month, entering new agreements with Zurich, Aioi Nissay Dowa and another motor insurance specialist, and expanding an existing relationship with another large insurance group.
Jaguar owner awarded increased payment after flood causes write-off
06 October 2022
The owner of a 2014 Jaguar Roadster that was declared a write-off after flood damage will receive further reimbursement for the loss after partly winning a claims dispute...
NSW declares Warragamba Dam wall raising 'critical'
05 October 2022
The NSW Government today declared a proposal to raise the Warragamba Dam wall by 14 metres as “critical” to the state, saying it would “future-proof” western Sydney from flood risks despite widespread opposition to the measure, including from the insurance industry...
Too many brokers failing to report breaches: code committee
05 October 2022
Too many brokers are still failing to self-report code of practice breaches, the independent body monitoring compliance has warned in an annual report released today...
SIRA censures icare over injured workers' privacy breach
05 October 2022
The NSW State Insurance Regulatory Authority has issued a letter of censure to icare after it disclosed the personal and health information of injured workers through an email attachment sent to the wrong recipients...
INsight podcast: hurricanes, cyber and underinsurance
05 October 2022
Hurricane Ian and the level of damage caused across Florida and other states is the main discussion point on the latest Insurance News podcast...
East coast braces for 'renewed flood risk' as thunderstorms move in
04 October 2022
NSW and Queensland, still saturated from recent floods, face another round of inundation as early as tomorrow after the Bureau of Meteorology today issued a severe weather warning for at-risk areas...
Verisk estimates severe Hurricane Ian losses
04 October 2022
Insured losses from Hurricane Ian have been estimated at $US42-57 billion including impacts after landfalls in both Florida and South Carolina, modelling company Verisk says, making it one of the worst to hit the US...
BOM adds heatwaves to warnings
04 October 2022
The Bureau of Meteorology has introduced a new national warning system for severe or extreme heatwave conditions...
Complainant compensated for cyclone damage to property
04 October 2022
A homeowner whose property was damaged by a cyclone will be reimbursed after a dispute ruling overturned his insurer’s decision to decline to cover what it considered pre-existing damage...
Insurance losses to climb after Hurricane Ian hits Florida
30 September 2022
Hurricane Ian will trigger billions of dollars in catastrophe insurance losses after bringing destructive winds and unprecedented storm surges as it reached the southwest Florida coastline at category four strength...