Car cover disputes race to top spot as industry sets new record
05 August 2024
Complaints to the dispute resolution authority about comprehensive motor vehicle insurance rose 21% in the year to June...
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Commercial premiums drop 5%: Marsh
29 July 2024
Marsh’s premium index shows commercial rates in the Australia-dominated Pacific region dropped 5% in the second quarter of this year...
Flood inquiry ready for final hearing
29 July 2024
The federal flood inquiry will hold its final public hearing tomorrow, with several expert agencies to give evidence via video link...
Delegation visits tech mecca to learn about AI
29 July 2024
Australian insurers have visited Silicon Valley to gain insights about artificial intelligence on the latest leg of their US working trip...
Property premium ‘poised for significant growth’
29 July 2024
Australia and the wider Asia-Pacific region are expected to generate about $US152.2 billion ($229 billion) of property premium in 2028, analytics group GlobalData says...
Law firm to rewrite smash repair code
29 July 2024
MST Lawyers has been appointed to write a new draft of the Motor Vehicle Insurance and Repair Industry Code of Conduct, and a consultation on the document is expected in coming months...
Demand for NZ dispute service sets record
29 July 2024
New Zealand’s Financial Ombudsman Service says in the past year it has received the highest number of complaints and disputes since the scheme started in 2011...
Text-and-drive trend rings alarm bells
29 July 2024
Budget Direct has urged young drivers to stop using mobile devices after a survey revealed many are happy to use their phones while on the road...
‘Too early to say’: industry considers CrowdStrike impact
22 July 2024
Insurers and brokers are assessing widespread disruption believed to have been caused by an update from US cybersecurity firm CrowdStrike on Friday, but the level of claims is not yet known...
QBE construction report outlines risks facing sector
22 July 2024
Australia’s construction businesses need to adopt a proactive risk management mentality as the sector faces challenges from all fronts, ranging from supply chain pressures to high interest rates and geopolitical tensions, QBE says in a report today...
‘Strikingly similar’ issues: industry experts head to US
22 July 2024
A delegation of Australian insurance experts are touring the US this week, led by the Insurance Council and the American Chamber of Commerce in Australia...
Challenges grow in Australian LMI market, Fitch warns
22 July 2024
Australian lenders’ mortgage insurers are operating in an “increasingly challenging” market, Fitch Ratings says in an industry report...
Mayors say premiums unfairly punish Queenslanders
22 July 2024
Queensland mayors say state and federal governments should make insurance in the state more affordable and available, and risk mitigation efforts have not been fairly reflected in premium rates...
Consumer group pushes again for ‘fairer’ pool scheme
22 July 2024
The Australian Consumers Insurance Lobby group has pressed again for changes to the way the cyclone pool scheme models risks facing residents in the northern and southern regions...
RACQ Insurance flags renters' lack of coverage
22 July 2024
RACQ Insurance warns uninsured Queensland renters that they risk facing significant financial expenses if their belongings are damaged...
Building code the wrong tool for resilience fix, housing industry says
15 July 2024
The National Construction Code and related standards should remain focused on the safety of occupants rather than asset or property protection, the Housing Industry Association says in a submission to a Senate committee inquiry...
Rising costs force homeowners to switch, ditch cover: Finder
15 July 2024
Nearly three in 10 Australians have changed their home and contents policies in the past two years, according to survey data from market comparator Finder...
Parked cars bear brunt of damage
15 July 2024
Crashes involving parked cars are the leading cause of motor insurance claims, new data from RAA Insurance shows...
WFI reports lower claims as farm safety improves
15 July 2024
WFI Insurance says farm liability claims are down across most categories, including a 75% decline in falls from height over the past year...
Quake experts monitoring ‘hum’ of geological fault
15 July 2024
A group of New Zealand earthquake scientists are listening to the “hum of the Earth” while examining seismic hazards on the Paeroa Fault...