Brokers code committee launches new website
13 July 2020
The Insurance Brokers Code Compliance Committee has launched a new website today that it hopes will improve standards in the broking industry...
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Reinsurers raise prices at Australian renewals
06 July 2020
Double-digit reinsurance price increases were seen for loss-hit catastrophe insurance programs in Australia at recent renewal negotiations with reinsurers, Willis Re says...
'We do pay claims': Chubb responds to TV attack
06 July 2020
Chubb has reiterated its reputation for claims excellence after a damaging program on national television...
ICA names BT’s Sue Houghton interim president
06 July 2020
The Insurance Council of Australia says BT Financial Group GM Insurance Sue Houghton will serve as interim President until a board meeting at the end of the month...
Family violence support move ‘a step in the right direction’
06 July 2020
The industry’s move to have in place measures to support customers who are facing domestic violence through new provisions to its revamped code of practice is a step in the right direction, according to consumer advocates...
NSW Government sued over Opal Tower’s building defects
06 July 2020
The owners of Opal Tower have launched a class action against the NSW Government, seeking compensation for new defects found in the building...
New ads target 'brazen' car key theft
06 July 2020
A new "POP. LOCK. STOP" ad campaign has been launched to remind motorists of simple steps they can take to prevent car theft as offenders "become more brazen", sneaking into homes via unlocked doors or windows to steal keys left in accessible spots...
No evidence: ICA rejects 'price gouging' claims
06 July 2020
The Insurance Council of Australia has pushed backed calls from consumer advocates for a national pricing monitor, saying there is no evidence to back up their claims of “price gouging" by insurers...
Virus disruption sparks rise in complaints
06 July 2020
The insurance industry has the highest number of virus-related disputes, accounting for 38% of the 4773 cases lodged against financial services providers since March, when the pandemic was declared...
Lloyd’s urges collaboration on pandemic risks
06 July 2020
Lloyd’s is urging industry and government collaboration in countries including Australia to improve risk protection responses to the COVID-19 pandemic and future risks...
Mass infrared scanning to tackle workplace infection
06 July 2020
Infrared thermography scanning technology is being rolled out in three Australian states to safeguard organisations from COVID-19 and flu infection breakouts within shared office environments...
ICA works with coal seam gas sector on liability
06 July 2020
Discussions on liability cover for farms hosting coal seam gas operations are continuing between the Insurance Council of Australia, the Australian Petroleum Production and Exploration Association and other groups...
EQC funds natural hazard reduction research
06 July 2020
The Earthquake Commission is spending $NZ3 million on new research to increase New Zealand’s resilience to natural hazards and reach its goals of stronger buildings, resilient infrastructure and access to insurance...
Digital transformation ‘no longer optional’
29 June 2020
The COVID-19 outbreak and the subsequent switch to digital technology leaves Australian general insurers with no choice but to transform their operations, a leading consultant says...
Pandemic to constrain industry premium growth: S&P
29 June 2020
The Australia general insurance industry is expected to suffer a two-percentage point drop in premium growth for the year to December because of the virus pandemic disruption, S&P Global Ratings says in a report released today...
Brokers don't have to explain 'inherently obvious' exclusions
29 June 2020
The Australian Financial Complaints Authority says it does not expect insurance brokers to explain “inherently obvious” exclusions to customers unless specific requests have been made to have the risks covered...
Insurer rejects ‘death of call centre’ claim
29 June 2020
Claims that the COVID-19 outbreak could lead to the “death” of insurance call centres have been refuted by leading insurer IAG...
FM Global urges action on supply chain weaknesses
29 June 2020
Australia’s geographic remoteness should not prevent moves to diversify supply chains as the coronavirus outbreak highlights risks from global shocks, FM Global says...
More rain: climate models point to a La Nina
29 June 2020
Climate models monitored by the Bureau of Meteorology are increasingly pointing to a La Nina event forming this year, raising the likelihood of above-average rainfall...
Australian claims platform gets Handdii entry into US market
29 June 2020
Property repair claims platform Handdii has entered into a partnership with California-based Hippo Insurance, giving the Australian outfit an instant entry into the US, the world’s biggest insurance market...