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 2021 Two-tier marketplace emerging for property https://www.insurancenews.com.au/daily/two-tier-marketplace-emerging-for-property https://www.insurancenews.com.au/daily/two-tier-marketplace-emerging-for-property 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...

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Thu, 22 Apr 2021 16:20:00 +1000
Job well done: ASIC praises insurers for COVID response https://www.insurancenews.com.au/daily/job-well-done-asic-praises-insurers-for-covid-response https://www.insurancenews.com.au/daily/job-well-done-asic-praises-insurers-for-covid-response 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...

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Thu, 22 Apr 2021 16:18:00 +1000
Suncorp's 'meth damage not malicious' stance upheld in claim dispute https://www.insurancenews.com.au/daily/suncorps-meth-damage-not-malicious-stance-upheld-in-claim-dispute https://www.insurancenews.com.au/daily/suncorps-meth-damage-not-malicious-stance-upheld-in-claim-dispute 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...

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Thu, 22 Apr 2021 15:41:00 +1000
Auto & General to tweak fire cover terms after Choice lambast https://www.insurancenews.com.au/daily/auto-general-to-tweak-fire-cover-terms-after-choice-lambast https://www.insurancenews.com.au/daily/auto-general-to-tweak-fire-cover-terms-after-choice-lambast 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...

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Thu, 22 Apr 2021 15:34:00 +1000
Court rules JLT class action to proceed https://www.insurancenews.com.au/daily/court-rules-jlt-class-action-to-proceed https://www.insurancenews.com.au/daily/court-rules-jlt-class-action-to-proceed 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...

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Wed, 21 Apr 2021 16:12:00 +1000
Axed music festival avoids policy exclusion by a few days https://www.insurancenews.com.au/daily/axed-music-festival-avoids-policy-exclusion-by-a-few-days https://www.insurancenews.com.au/daily/axed-music-festival-avoids-policy-exclusion-by-a-few-days 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...

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Wed, 21 Apr 2021 16:05:00 +1000
IAG confirms intermediated leadership team line-up https://www.insurancenews.com.au/daily/iag-confirms-intermediated-leadership-team-line-up https://www.insurancenews.com.au/daily/iag-confirms-intermediated-leadership-team-line-up IAG has formally appointed three EGMs to its Intermediated Insurance Division leadership team, which is to be headed by incoming industry veteran Jarrod Hill...

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Wed, 21 Apr 2021 16:04:00 +1000
INsight podcast: busy week for broker cluster groups https://www.insurancenews.com.au/daily/insight-podcast-busy-week-for-broker-cluster-groups https://www.insurancenews.com.au/daily/insight-podcast-busy-week-for-broker-cluster-groups A slew of announcements from broker cluster groups was the key discussion point for the INsight podcast this week...

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Wed, 21 Apr 2021 15:47:00 +1000
New broker cluster group targets independents https://www.insurancenews.com.au/daily/new-broker-cluster-group-targets-independents https://www.insurancenews.com.au/daily/new-broker-cluster-group-targets-independents Broker Co-op – a cluster group formed exclusively for Australian independent brokers – launched today...

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Tue, 20 Apr 2021 16:28:00 +1000
Snailís pace? ICA defends BI claims process https://www.insurancenews.com.au/daily/snails-pace-ica-defends-bi-claims-process https://www.insurancenews.com.au/daily/snails-pace-ica-defends-bi-claims-process 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...

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