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Ministers agree to act on PI impasse

22 July 2019

A consultation on professional indemnity insurance is expected in coming weeks after the Building Ministers’ Forum in Sydney last week agreed on a co-ordinated response to the impasse in the troubled construction industry...

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No ‘windfall’ for insurers under cladding fix: ICA

22 July 2019

The Insurance Council of Australia has rejected suggestions that insurers will enjoy a “significant windfall gain” from Victoria’s cladding rectification plan and should therefore help fund the repairs...

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NSW funds $2 million drought insurance study

22 July 2019

The NSW Government will spend $2 million investigating a national insurance scheme to protect the drought-hit farming sector from future dry spells...

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Ex-Allianz manager wins $1.3 million bullying payout

22 July 2019

Allianz has lost a lawsuit over workplace bullying charges filed by a former manager, and must pay him $1.39 million in compensation...

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Property capacity contracting, premiums rising

22 July 2019

Australian property market capacity is contracting, while premiums are increasing for catastrophe-exposed and undesirable risks, Willis Towers Watson’s July update says...

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Fair play more important than letter of the law: AFCA

22 July 2019

The Australian Financial Complaints Authority has warned insurers against relying on “legally sound” black-letter arguments for actions that create poor consumer outcomes...

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Industry settles most NSW hailstorm claims

22 July 2019

About 72% of home building claims from last December’s NSW hailstorm have closed, according to the latest update from the Insurance Council of Australia...

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