23 August 2021
The outlook for Australian insurance buyers is more positive moving into the second half of the year, with a trend of premium increase moderations established in the first half in some areas likely to continue, Marsh says in a mid-year update for the local market...
23 August 2021
Consumer groups have criticised an anti-hawking regulatory guide for highlighting the sale of travel insurance through an agent as an exemption...
23 August 2021
The business events industry has called for the creation of a government-led insurance scheme, possibly similar to one introduced by the UK, to help the sector cope with COVID disruptions...
23 August 2021
The Star Entertainment Group says it is still considering whether it will appeal after it was unsuccessful in court action against insurers over a business interruption claim for losses resulting from COVID-19 restrictions...
23 August 2021
The Insurance Council of Australia says Suncorp CEO Steve Johnston has joined the board while Hollard Holdings Australia MD Richard Enthoven has become Deputy President...
23 August 2021
Suncorp is funding a $200,000 round of grants for communities in NSW and South-East Queensland impacted by severe flooding in March as part of a $1 million initiative to encourage remote, rural and regional communities in Australia to rebuild more resiliently in preparation for future disasters...
16 August 2021
The insurance industry may have to reassess its COVID adjustment plans as it is increasingly apparent the coronavirus pandemic is a “completely different ballgame” from past communicable disease outbreaks, according to the Actuaries Institute...
16 August 2021
The Insurance Council of Australia has welcomed the latest climate change report from the United Nations, saying the latest findings on the state of the planet will provide “further guidance on this important issue”...
16 August 2021
Once a minnow in the field, local insurer Hollard has turbo-charged its GWP after pulling off the daring acquisition of Commonwealth Bank’s insurance business. The cover story in the latest edition of Insurance News magazine features the company’s founder Richard Enthoven, who talks about how the deal came about and how Hollard will leverage its new business to foster growth...
16 August 2021
Insurers have covered insured losses of $NZ32 million so far for a tornado that tore through the south Auckland suburb of Papatoetoe on June 19, the Insurance Council of New Zealand says...
16 August 2021
Brisbane-based insurer Suncorp is encouraging Queensland customers to “build back better” after releasing information on household claims it has dealt with over the past five years...
09 August 2021
The Insurance Council of Australia is considering the implications of a Federal Court decision that found a policy held by The Star Entertainment Group did not provide business interruption cover for COVID-19 restrictions...
09 August 2021
Australia continues to get some respite from last year’s high temperatures, but autumn weather brought extreme rain and rising sea levels...
09 August 2021
Last month’s fire incident involving a Tesla battery project in Victoria is likely to lead to increased scrutiny by insurers over the way renewable energy storage assets are constructed and managed, according to broker BMS...
09 August 2021
Insurers say they embrace an opportunity to engage with critics of loss recovery processes used during landlord insurance claims...
09 August 2021
The Financial Rights Legal Centre says it has been forced to cut its Insurance Law Service in half and consumers are losing access to Australia’s only free insurance legal advice helpline due to insufficient funding...
02 August 2021
Commercial insurance pricing in the Australia-led Pacific market grew 23.2% in the June quarter, weaker than the 29.4% rise seen in the preceding quarter, according to Marsh’s latest price tracking index...
02 August 2021
The Australian Financial Complaints Authority has spent three months trialling a new procedure of more quickly declining some complaints that lack merit, where it found compelling reasons...
02 August 2021
A music video highlighting the quirks of lockdown life has been viewed thousands of times as many industry employees continue to work from home in Sydney and beyond...
02 August 2021
Professional indemnity claim payments amounted to $1.109 billion in the 2019 underwriting year, up 11.8% from the previous year, according to latest data from the prudential regulator...