16 March 2020
Insurance mergers and acquisitions in Australia are likely to get a post-royal commission bump this year, with insurance brokerages likely to continue consolidating and the insurance subsidiaries of banks poised to become divestment candidates...
16 March 2020
Building surveyors and certifiers who were covered by London-based Landmark last year are now having to find alternative professional indemnity cover as renewals fall due...
16 March 2020
Australia’s catastrophic summer bushfires spewed around 900 million tonnes of carbon dioxide into the atmosphere – roughly the equivalent of a year’s worth of emissions from commercial aircraft worldwide...
16 March 2020
New research has found a weather phenomenon that helped cause the recent horror bushfire season is becoming more frequent and more severe...
16 March 2020
Suncorp has again called for changes to Queensland’s at-fault compulsory third party scheme, saying the present setup does not ensure that people injured in a motor accident are covered...
16 March 2020
The Insurance Council of New Zealand has rejected a suggestion that the government underwrite insurance for business interruption losses caused by the coronavirus outbreak...
16 March 2020
The National Motor Vehicle Theft Reduction Council is working on a new public campaign after a 9% rise in the number of vehicles stolen last year...
09 March 2020
Suncorp CEO Steve Johnston has demanded that “science and reality” guide post-bushfire reform, rather than ideology or "partisanship"…
09 March 2020
Bushfire risk in Australia has increased by at least 30% because of climate change, a group of scientists has concluded in a new study after analysing this season’s fire catastrophe…
09 March 2020
An overwhelming 83% of insurance executives believe the industry falls “well short” in the area of social capital risk management, a survey by actuarial firm Finity has found…
09 March 2020
Brokers have welcomed a support campaign launched by a leading premium funder to highlight the value provided by intermediaries…
09 March 2020
The Australian Financial Complaints Authority has determined it is not the responsibility of an insurance provider to ensure customers with little fluency in English understand the wording of policies…
09 March 2020
Aon says non-traditional and alternative solutions may need to be increasingly explored as conditions in the directors’ and officers’ insurance market remain challenging in Australia and overseas…
09 March 2020
Property owners involved in two class actions against cladding product makers will now also seek damages for false or misleading representations, litigation funder IMF Bentham says…
09 March 2020
The viability of New Zealand’s public insurer, the Earthquake Commission, is at risk from climate change, new research shows…
02 March 2020
The general insurance industry suffered a 34.9% decline in underwriting profit to $2.3 billion last year, squeezed by claims losses from the bushfires and Townsville flood catastrophes...
02 March 2020
Travel insurance products could attract criticism that they are little more than “junk insurance” if vague exclusions are used to decline claims from events such as the coronavirus outbreak, barristers at Edmund Barton Chambers say...
02 March 2020
A Victorian brokerage has been ordered to pay a client $250,000 for the losses it suffered after the brokerage failed to advise about a copyright infringement risk...
02 March 2020
Two more Uber drivers have had complaints over denied claims knocked back because they failed to disclose to their insurer that they were using their vehicles for commercial ridesharing services...
02 March 2020
Plaintiff law firm Slater and Gordon has filed separate class actions against ANZ and Westpac, accusing the two banks of ripping off vulnerable consumers who were sold “junk” consumer credit insurance products...