insuranceNEWS.com.au

Two-tier marketplace emerging for property

Thu, 22 Apr 2021 16:20:00 +1000

A two-tier marketplace is set to emerge for property this year with conditions starting to ease for good risks while “challenged” areas remain difficult, Willis Towers Watson says...

Job well done: ASIC praises insurers for COVID response

Thu, 22 Apr 2021 16:18:00 +1000

The corporate regulator has reviewed the responses of general and life insurers to customers suffering hardship during the COVID-19 pandemic, and was pleased with what it found...

Suncorp's 'meth damage not malicious' stance upheld in claim dispute

Thu, 22 Apr 2021 15:41:00 +1000

A landlord has lost a claim dispute with Suncorp after her tenants smoked methamphetamine, causing dangerous chemical contamination of the walls, ceilings and other surfaces...

Auto & General to tweak fire cover terms after Choice lambast

Thu, 22 Apr 2021 15:34:00 +1000

Auto & General Insurance, which underwrites brands Budget Direct, Virgin Money and ING, says it is making changes to its home insurance after being singled out in a scathing rebuke by Choice for what the consumer group describes as unfair fire definitions...

Court rules JLT class action to proceed

Wed, 21 Apr 2021 16:12:00 +1000

The NSW Supreme Court has ruled a dispute between JLT and local governments over insurance cover should proceed as a class action, with a trial scheduled for October...

Axed music festival avoids policy exclusion by a few days

Wed, 21 Apr 2021 16:05:00 +1000

Allianz has lost a claim dispute after an event organiser reluctantly cancelled a Sydney weekend music festival on the direction of the local council days before a COVID lockdown came into effect...

IAG confirms intermediated leadership team line-up

Wed, 21 Apr 2021 16:04:00 +1000

IAG has formally appointed three EGMs to its Intermediated Insurance Division leadership team, which is to be headed by incoming industry veteran Jarrod Hill...

INsight podcast: busy week for broker cluster groups

Wed, 21 Apr 2021 15:47:00 +1000

A slew of announcements from broker cluster groups was the key discussion point for the INsight podcast this week...

New broker cluster group targets independents

Tue, 20 Apr 2021 16:28:00 +1000

Broker Co-op – a cluster group formed exclusively for Australian independent brokers – launched today...

Snail�s pace? ICA defends BI claims process

Tue, 20 Apr 2021 16:27:00 +1000

The Insurance Council of Australia has released a detailed explanation of the industry’s response to COVID-19 related business interruption claims, following criticism of lengthy test cases which compare unfavourably with a similar process in the UK...