insuranceNEWS.com.au

'Closer to sustainability': D&O insurers now competing for business

Wed, 29 Jun 2022 16:15:00 +1000

The loss-making directors’ and officers’ market has finally turned a corner, after rates peaked late last year as insurers adjusted prices in a bid to achieve profitability, broker Aon says in a second quarter update...

BI decision awaited as High Court pauses for winter recess

Wed, 29 Jun 2022 15:52:00 +1000

The High Court winter recess is set to extend the timeframe for decisions on whether leave to appeal will be granted on disputes over business interruption cover during the pandemic, as the industry test case process approaches the two-year mark...

Unwell traveller loses dispute over non-disclosure by representative

Wed, 29 Jun 2022 15:37:00 +1000

An Australian who suffered a self-harm emergency overseas and was flown home by air ambulance with nursing and financial aid from the government has lost a claim dispute because someone else who bought the travel insurance on her behalf did not disclose that she had pre-existing medical conditions...

INsight podcast: La Nina gone, but clean-up challenges remain

Wed, 29 Jun 2022 12:47:00 +1000

The end of the La Nina weather system that contributed to record-breaking floods in NSW and Queensland is the focus of the latest Insurance News podcast...

Floods become third costliest disaster as losses hit $4.8 billion

Tue, 28 Jun 2022 16:14:00 +1000

Insured losses from the Queensland and NSW floods have risen to $4.8 billion, making the disaster Australia's third costliest extreme weather event on record, as claim assessments continue to be completed...

Northern lobby group to pursue wider affordability action

Tue, 28 Jun 2022 16:06:00 +1000

The Northern Australia Insurance Lobby has changed its name and will take on a national focus as it seeks an expansion of government-backed reinsurance to other risks affected by affordability and availability problems...

'Unconscionable practices': complaints against ACBF top 1000

Tue, 28 Jun 2022 15:59:00 +1000

More than 1000 complaints have been lodged against four Aboriginal Community Benefit Fund companies over “unconscionable practices” in relation to sales of funeral expense policies...

UTV driver denied beach wipeout claim

Tue, 28 Jun 2022 15:34:00 +1000

A driver whose utility terrain vehicle suffered a total loss after a beach accident will not be covered by insurance after losing a claims dispute...

Flood claimants question 'like-for-like' replacements

Mon, 27 Jun 2022 15:07:00 +1000

Victims of this year’s record-breaking floods are increasingly asking insurers to help make their properties more resilient as they rebuild – but policies usually specify like-for-like replacements...

BOM sees above average winter-spring rainfall, despite La Nina end

Mon, 27 Jun 2022 15:07:00 +1000

Sea surface temperatures are currently warmer than average for much of the Australian coastline, a pattern increasing the chance of above average winter-spring rainfall for Australia, the Bureau of Meteorology says...