12 April 2021
Insurance Ombudsman John Price has spent 17 years adjudicating on disputed claims, and working with the insurance industry and consumer groups to build a process that emphasises fairness over what the mainstream media likes to call “fine print”. In the April/May edition of Insurance News magazine Mr Price looks back over the development of an independent claims review system...
12 April 2021
National Insurance Brokers Association CEO Dallas Booth will retire from the role later this year – but will continue to assist with major projects such as the upcoming review of broker remuneration...
12 April 2021
Roofing repairs in southeast Queensland have been hit by delays and cost increases due to the combined impact of hailstorms last year, continued wet weather and issues related to COVID-19...
12 April 2021
The Australian Competition and Consumer Commission says businesses reported more than $14 million in losses due to payment redirection scams last year and average loss figures to date this year are tracking higher...
29 March 2021
Insurance losses from the Queensland and NSW flooding catastrophe have reached an estimated $438 million as focus turns to the clean-up and repercussions from the disaster...
29 March 2021
Insurers and policyholders contesting pandemic-related business interruption claims “will have certainty on most substantial issues” this year as expedited legal hearings and appeals are completed, the Insurance Council of Australia says...
29 March 2021
The Victorian Court of Appeal has largely upheld a landmark decision on the payment of damages by consultants after the cladding-fuelled fire at Melbourne’s Lacrosse building...
29 March 2021
An international review led by a Sydney-based academic predicts hail severity will increase in most regions of the world while Australia will more frequently experience hailstorms...
29 March 2021
Legal proceedings have commenced in the Federal Court against Hollard Insurance over a business interruption claim dispute...
29 March 2021
The Vanilla Lounge restaurant business is pressing ahead with its Federal Court action over a pandemic-related business interruption claim after a key question in the dispute was separately decided in December...
29 March 2021
The Insurance Council of New Zealand has issued an advisory on how travel insurers have responded to the coronavirus pandemic ahead of a potential trans-Tasman travel bubble with Australia...
29 March 2021
More than 250 scientists and engineers gathered last week in Dunedin, New Zealand, to share their specialist knowledge on landslides, liquefaction and other risk factors that could affect buildings during an earthquake or other natural disaster...
22 March 2021
The Insurance Council of Australia has declared a catastrophe for the NSW emergency as widespread sustained rainfall and flooding causes a once-in-a-century event in some parts of the state...
22 March 2021
The number of SME owners using brokers has hit 40%, according to the latest edition of the Vero SME Insurance Index...
22 March 2021
The Federal Court has set out a timeline for preliminary actions related to the Insurance Council of Australia’s second business interruption test case...
22 March 2021
Renewable energy premiums are set to increase even more this year, pushed up by claim losses in Australia, according to a research paper jointly prepared by London-based broker BMS Group's renewable energy team in Australia...
22 March 2021
Increasing police apprehension rates and court actions for car theft are contributing to a decline in the number of vehicles stolen in NSW, a research report has found...
22 March 2021
Employers of so-called gig workers are avoiding a responsibility to adequately protect staff with cover for loss of wages or other payments if they are injured or become ill, Slater and Gordon says...
15 March 2021
Insurers must ensure their systems are compliant with a new industry code as “a matter of urgency” after a high number of breaches once again last year, the General Insurance Code Governance Committee says...
15 March 2021
A new report from consultancy EY has outlined what it believes is an “opportunity” for general insurers everywhere, including in Australia, to “remake” their business models for a post-COVID landscape...