07 August 2023
Professional indemnity gross premium for non-facility business rose to $3.02 billion in 2021 from $2.68 billion a year earlier, representing a gain of 12%, according to the Australian Prudential Regulation Authority...
07 August 2023
Work is underway to revamp the Motor Vehicle Insurance and Repair Industry Code of Conduct after an independent review made 15 recommendations to improve governance and customer outcomes, the Insurance Council of Australia says...
07 August 2023
A survey from Budget Direct has identified in-car technology as a major cause of driver distraction, with a majority of respondents saying they can be put off by its presence in modern vehicles...
31 July 2023
Commercial insurance pricing growth in the Australian market slowed in the second quarter, rising 2% after clocking a 7% increase in the first quarter, broker Marsh announced today...
31 July 2023
Planners, builders and insurers have presented a united message around preventing development on floodplains following an inaugural roundtable...
31 July 2023
Complaints about delays in the handling of insurance claims jumped 76% in the year to June to be the most complained about issue across all financial services...
31 July 2023
The Australian Actuaries Climate Index provides a strong signal that the underlying Australian climate has changed, consistent with a warming climate, Index Lead Collator Rade Musulin says...
31 July 2023
The Australian Financial Complaints Authority has published a guide explaining its approach to disputes about whether a vehicle should be treated as a total loss, setting out the factors its ombudsmen consider...
24 July 2023
The Federal Government has announced a parliamentary inquiry into insurers’ response to last year’s devastating floods...
24 July 2023
The Insurance Council of Australia and its insurer members have identified use of wear and tear exclusions in home claims as a priority area for focus...
24 July 2023
Owners of two high rise residential buildings covered in flammable cladding have won a court bid to have insurer AAI Insurance, trading as Vero Insurance, included as a party in their damages case...
24 July 2023
The Australian Prudential Regulation Authority has released its annual general insurance claims development data for long-tail, short-tail, other direct classes and reinsurance...
24 July 2023
NRMA Insurance has teamed with research organisation, the McKell Institute, to help shape the future of the growing microbusiness sector...
24 July 2023
Local event details for the 2023 Dive In festival, to be held from September 26-28, are almost all locked in and have been shared with insuranceNEWS.com.au...
17 July 2023
A consumer group has criticised the National Insurance Brokers Association for “winding back commitments” on disclosure of commissions...
17 July 2023
An armed security guard whose offsider pointed a loaded gun at his face has failed in a claim against his employer for damages sustained in the course of his job...
17 July 2023
Australia is "staring down the barrel” of a potentially extreme El Nino and positive Indian Ocean Dipole, yet this will not necessarily bring a repeat of the record bushfires that devastated the east coast a few years ago...
17 July 2023
Homeowners who claimed for water damage caused by a leaking bath tap have won their dispute after an Australian Financial Complaints Authority decision found their insurer could not rely on policy exclusions to decline the claim...
10 July 2023
KPMG says it “sees no reason” not to expect another 10% rise in premiums next year across the industry, and in particular for home and motor policies...
10 July 2023
The Insurance Council of Australia has released the latest set of catastrophe claims data, with last year’s February and March floods in NSW and Queensland nearing the $6 billion mark...