insuranceNEWS.com.au

'Insurance businesses will collapse' under virus pressure

Fri, 10 Jul 2020 16:24:00 +1000

“Significant numbers” of Australian insurance businesses are likely to go under as the combined impact of COVID-19 claims and a global recession hits home, a law firm has warned...

Senator queries industry's 'deafening silence' on emissions

Fri, 10 Jul 2020 16:19:00 +1000

A Senate inquiry hearing today into the 2019/20 bushfire season has called out insurers’ “deafening silence” on the urgency of cutting carbon emission levels, forcing the industry to defend its climate action stance...

Pandemic exclusion upheld in travel claim dispute

Fri, 10 Jul 2020 16:13:00 +1000

Zurich’s application of a pandemic exclusion in denying a claim from a man who decided not to proceed with a planned trip to China in February has been upheld by the Australian Financial Complaints Authority...

SMEs seek brokers' aid as sales plunge

Fri, 10 Jul 2020 16:05:00 +1000

Many businesses in New Zealand are seeking insurance advice from brokers as revenues take a hit from the coronavirus pandemic and owners make widespread operational changes, a survey by Vero reveals...

Clients will be hurt: Melbourne brokers face lockdown 2.0

Thu, 09 Jul 2020 16:28:00 +1000

The six-week reintroduction of stage three restrictions in Melbourne is testing the resilience of general insurance brokers and their clients, and will slow the nation’s fledgling economic recovery...

Motor policy wordings cause excess confusion

Thu, 09 Jul 2020 16:24:00 +1000

A significant number of motor insurance disputes over the application of excesses have been lodged with the Australian Financial Complaints Authority, and consumer groups say variations in wordings are causing confusion...

Sam White sets up female-centric car insurance brand

Thu, 09 Jul 2020 16:10:00 +1000

QBE is underwriting a new Australian direct car insurance offering aimed at women, founded by high-profile UK entrepreneur Sam White...

Senators set to learn about bushfire impact on insurers

Thu, 09 Jul 2020 16:08:00 +1000

The Senate inquiry into the 2019/20 bushfire season will tomorrow focus on the insurance industry and its ability to cope with the increasing challenges posed by climate change...

Broker goes bust after insurer demands funds

Wed, 08 Jul 2020 16:18:00 +1000

Construction-focused insurance group Qamvis has gone into liquidation after its insurer partner issued a demand for funds owed...

ESL Monitor accuses Allianz of providing dodgy data

Wed, 08 Jul 2020 16:16:00 +1000

Former NSW Emergency Services Levy Monitor Allan Fels says a “major investigation” into the pricing practices of Allianz uncovered repeated inaccuracies in data provided by the insurer, which had to be resubmitted 13 times...