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AFCA rules against dentists in BI covid disputes

08 May 2023

Two dental practices have lost disputes over covid-related business interruption cover, with the Australian Financial Complaints Authority (AFCA) finding insurers were entitled to decline the claims. 

5G networks to create ‘tsunami’ of sensitive data

08 May 2023

An increase in reliance on 5G networks by key industries, including financial services, will create a “tsunami” of sensitive data and organisations are right to be concerned, Thales Cloud Security ANZ Director Brian Grant says. 

Call for national flood claim procedure standard

08 May 2023

Researchers who polled more than 600 victims of last year’s record floods say insurers need to issue consistent factsheets across Australia on correct claims procedures, and say victims felt frustrated by a lack of choice when arranging repairs through their insurers.  

Pacific Q1 commercial prices rise 7%: Marsh

01 May 2023

Pacific commercial prices rose at a faster pace in the first quarter, with catastrophe property risk the driver in a broadly moderating market, a Marsh report shows...

ICA to host forum for River Murray floods

01 May 2023

The Insurance Council of Australia has announced that it will host a community information session in Adelaide for communities affected by last summer’s River Murray floods...

Porter Davis being investigated after insurance oversight

24 April 2023

The Victorian Building Authority is investigating Porter Davis Homes for potential breaches of the law after the collapsed construction firm failed to take out Domestic Building Insurance (DBI) for 560 families it accepted deposits from, breaching its obligations...

Cyclone Ilsa sets new wind record, misses major towns

17 April 2023

Tropical Cyclone Ilsa, which made landfall around 120km northeast of WA’s Port Hedland on Thursday as a Category 5, set a new wind speed record while missing major population centres and infrastructure...

Insurer code breaches hit record levels

17 April 2023

Insurance providers breached the General Insurance Code of Practice a record 58,104 times in the 12 months to June 30 2022 – up 40% on the previous year...

In Insurance News magazine this month

17 April 2023

Underwriting agencies take centre stage in the latest edition of Insurance News magazine, as their influence in the local market continues to grow...