31 August 2020
Australia’s general insurance industry is back in the black, recording $1 billion in net profit after tax in the June quarter as domestic motor underwriting profits and a rebound in investment income supported earnings...
31 August 2020
The COVID-19 business interruption test case could head straight to the NSW Court of Appeal, insuranceNEWS.com.au understands...
31 August 2020
Business owners have filed a class action against Victoria, accusing the state and key ministers in the Andrews Government of “negligence” in relation to the botched hotel quarantine program that led to the stage four lockdown in Melbourne and restrictions in regional areas...
31 August 2020
Queensland faces above-normal fire potential this spring in some areas if expected rainfall fails to alleviate dry conditions, the Bushfire and Natural Hazards Co-operative Research Centre says...
31 August 2020
Blockchain could cut insurance fraud in Australia, according to experts, but only if insurers are prepared to work together...
31 August 2020
The Australian Small Business and Family Enterprise Ombudsman has received more than 800 survey responses and 20 submissions from industry stakeholders as part of its inquiry into insurance...
31 August 2020
Last summer’s bushfires, floods and hailstorms resulted in claims totalling $5.4 billion, with more than 70% already paid...
31 August 2020
Australia’s motor insurance market is facing an extended period of low growth after an expected 4.4% contraction this year as the coronavirus outbreak exacerbates existing weakness, UK-based analytics group GlobalData says...
31 August 2020
New Zealand insurers have paid $NZ10.8 million to meet claims following a tornado and storm that ripped through the upper North Island in late June, preliminary figures from the Insurance Council of New Zealand show...
31 August 2020
The Holden Commodore was Queensland’s most stolen car for a second year, closely followed by the Toyota Landcruiser...
24 August 2020
A surge in digital transformation efforts by companies following the COVID-19 outbreak requires a wider rethinking of processes to be fully successful, professional services firm Genpact says...
24 August 2020
Assessors will be allowed onsite for safety or emergency reasons during the ongoing stage four lockdown in Melbourne, according to an update from the Insurance Council of Australia.
24 August 2020
The Bureau of Meteorology says there is now a 70% chance of a flood-inducing La Nina weather system developing this year...
24 August 2020
The Star Entertainment Group says its business interruption policy wording provides “reasonable” grounds for pursuing a disputed claim with its insurer over coverage for shut-downs forced this year...
24 August 2020
Insurers have been urged to take note of the ACT Supreme Court’s recent decision to issue a “special costs order” against IAG, after it rejected a $100,000 offer from a plaintiff to settle a car accident claim...
24 August 2020
IAG today released two new fact sheets about bushfires and the potential dangers they pose to Australians, warning future seasons will be more severe and longer in duration...
17 August 2020
Business interruption test case proceedings have been listed for a directions hearing at the NSW Supreme Court on August 28...
17 August 2020
Major broker Marsh sees no let-up in the tough market conditions in Australia that have led to a record 31% jump in commercial rates in its Pacific region during the second quarter...
17 August 2020
Nothing much will be the same after the coronavirus pandemic, and new Suncorp Group CEO Steve Johnston is one of those industry leaders already planning for new approaches to insurance and its markets...
17 August 2020
Broker Marsh has urged Australian businesses against underestimating the ransomware threat, labelling the data-encryption malware as the “biggest threat” they face from cyber adversaries...