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Reinsurers raise prices at Australian renewals

6 July 2020

Double-digit reinsurance price increases were seen for loss-hit catastrophe insurance programs in Australia at recent renewal negotiations with reinsurers, Willis Re says...

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'We do pay claims': Chubb responds to TV attack

6 July 2020

Chubb has reiterated its reputation for claims excellence after a damaging program on national television...

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ICA names BT’s Sue Houghton interim president

6 July 2020

The Insurance Council of Australia says BT Financial Group GM Insurance Sue Houghton will serve as interim President until a board meeting at the end of the month...

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Family violence support move ‘a step in the right direction’

6 July 2020

The industry’s move to have in place measures to support customers who are facing domestic violence through new provisions to its revamped code of practice is a step in the right direction, according to consumer advocates...

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NSW Government sued over Opal Tower’s building defects

6 July 2020

The owners of Opal Tower have launched a class action against the NSW Government, seeking compensation for new defects found in the building...

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New ads target 'brazen' car key theft

6 July 2020

A new "POP. LOCK. STOP" ad campaign has been launched to remind motorists of simple steps they can take to prevent car theft as offenders "become more brazen", sneaking into homes via unlocked doors or windows to steal keys left in accessible spots...

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No evidence: ICA rejects 'price gouging' claims

6 July 2020

The Insurance Council of Australia has pushed backed calls from consumer advocates for a national pricing monitor, saying there is no evidence to back up their claims of “price gouging" by insurers...

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Virus disruption sparks rise in complaints

6 July 2020

The insurance industry has the highest number of virus-related disputes, accounting for 38% of the 4773 cases lodged against financial services providers since March, when the pandemic was declared...

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Lloyd’s urges collaboration on pandemic risks

6 July 2020

Lloyd’s is urging industry and government collaboration in countries including Australia to improve risk protection responses to the COVID-19 pandemic and future risks...

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Mass infrared scanning to tackle workplace infection

6 July 2020

Infrared thermography scanning technology is being rolled out in three Australian states to safeguard organisations from COVID-19 and flu infection breakouts within shared office environments...

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ICA works with coal seam gas sector on liability

6 July 2020

Discussions on liability cover for farms hosting coal seam gas operations are continuing between the Insurance Council of Australia, the Australian Petroleum Production and Exploration Association and other groups...

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EQC funds natural hazard reduction research

6 July 2020

The Earthquake Commission is spending $NZ3 million on new research to increase New Zealand’s resilience to natural hazards and reach its goals of stronger buildings, resilient infrastructure and access to insurance...

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