insuranceNEWS.com.au https://www.insurancenews.com.au/ General insurance and financial services news from Australia and around the world en-au admin@insurancenews.com.au Copyright 2022 'Closer to sustainability': D&O insurers now competing for business https://www.insurancenews.com.au/daily/closer-to-sustainability-do-insurers-now-competing-for-business https://www.insurancenews.com.au/daily/closer-to-sustainability-do-insurers-now-competing-for-business 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...

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Wed, 29 Jun 2022 16:15:00 +1000
BI decision awaited as High Court pauses for winter recess https://www.insurancenews.com.au/daily/bi-decision-awaited-as-high-court-pauses-for-winter-recess https://www.insurancenews.com.au/daily/bi-decision-awaited-as-high-court-pauses-for-winter-recess 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...

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Wed, 29 Jun 2022 15:52:00 +1000
Unwell traveller loses dispute over non-disclosure by representative https://www.insurancenews.com.au/daily/unwell-traveller-loses-dispute-over-non-disclosure-by-representative https://www.insurancenews.com.au/daily/unwell-traveller-loses-dispute-over-non-disclosure-by-representative 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...

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Wed, 29 Jun 2022 15:37:00 +1000
INsight podcast: La Nina gone, but clean-up challenges remain https://www.insurancenews.com.au/daily/insight-podcast-la-nina-gone-but-clean-up-challenges-remain https://www.insurancenews.com.au/daily/insight-podcast-la-nina-gone-but-clean-up-challenges-remain 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...

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Wed, 29 Jun 2022 12:47:00 +1000
Floods become third costliest disaster as losses hit $4.8 billion https://www.insurancenews.com.au/daily/floods-become-third-costliest-disaster-as-losses-hit-4-8-billion https://www.insurancenews.com.au/daily/floods-become-third-costliest-disaster-as-losses-hit-4-8-billion 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...

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Tue, 28 Jun 2022 16:14:00 +1000
Northern lobby group to pursue wider affordability action https://www.insurancenews.com.au/daily/northern-lobby-group-to-pursue-wider-affordability-action https://www.insurancenews.com.au/daily/northern-lobby-group-to-pursue-wider-affordability-action 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...

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Tue, 28 Jun 2022 16:06:00 +1000
'Unconscionable practices': complaints against ACBF top 1000 https://www.insurancenews.com.au/daily/unconscionable-practices-complaints-against-acbf-top-1000 https://www.insurancenews.com.au/daily/unconscionable-practices-complaints-against-acbf-top-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...

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Tue, 28 Jun 2022 15:59:00 +1000
UTV driver denied beach wipeout claim https://www.insurancenews.com.au/daily/utv-driver-denied-beach-wipeout-claim https://www.insurancenews.com.au/daily/utv-driver-denied-beach-wipeout-claim 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...

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Tue, 28 Jun 2022 15:34:00 +1000
Flood claimants question 'like-for-like' replacements https://www.insurancenews.com.au/local/flood-claimants-question-like-for-like-replacements https://www.insurancenews.com.au/local/flood-claimants-question-like-for-like-replacements 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...

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Mon, 27 Jun 2022 15:07:00 +1000
BOM sees above average winter-spring rainfall, despite La Nina end https://www.insurancenews.com.au/local/bom-sees-above-average-winter-spring-rainfall-despite-la-nina-end https://www.insurancenews.com.au/local/bom-sees-above-average-winter-spring-rainfall-despite-la-nina-end 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...

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