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‘Serious breaches’: CTP regulator sanctions NRMA Insurance

Fri, 24 Jan 2025 05:35:26 GMT

NSW’s State Insurance Regulatory Authority has issued a $10,000 civil penalty to IAG over compulsory third party breaches...

Territory to examine insurance cost impacts

Fri, 24 Jan 2025 05:30:14 GMT

An ACT inquiry into insurance costs will consider the effect of rising premiums on business and community organisations...

Tower appoints financial chief as interim CEO

Fri, 24 Jan 2025 05:27:13 GMT

New Zealand insurer Tower says CFO Paul Johnston will become interim CEO next month when Blair Turnbull leaves the business...

Landlord wins dispute over damage at ‘empty’ bank branch

Fri, 24 Jan 2025 05:24:52 GMT

A property owner has won a water leak payout after challenging his insurer’s assertion that his leased site was unoccupied for more than 20 months...

CCI outlines progress on wind-down, divestment

Thu, 23 Jan 2025 05:03:31 GMT

Catholic Church Insurance, which entered run-off nearly two years ago, has been winding down its operations and divesting assets in a careful scale-down of the company, its latest annual report says...

ACT launches strata inquiry with call for submissions

Thu, 23 Jan 2025 04:58:48 GMT

An ACT Legislative Assembly committee has started an inquiry into the management of strata properties, amid expectations more residents will live in high-density housing...

McLardy McShane takes ‘exciting step’ into Queensland

Thu, 23 Jan 2025 04:58:23 GMT

National broker McLardy McShane has opened its first Queensland joint venture after acquiring former authorised representative Dixon Insurance Services last month...

Worker wins disability payout over hearing aid problem

Thu, 23 Jan 2025 03:33:06 GMT

A self-employed carpet layer who said he could not work because sweat interfered with his hearing aids has won an income protection claim dispute...

Warning on AI limitations as industry tech take-up accelerates

Wed, 22 Jan 2025 05:34:02 GMT

The industry is on a digital transformation drive, investing in artificial intelligence and other tech to lift efficiency and comply with evolving regulations, global researcher Information Services Group says in a new report...

Sign up for Outlook 2025 and access exclusive market report

Wed, 22 Jan 2025 05:33:48 GMT

Attendees at the upcoming Insurance News Outlook 2025 conference will gain access to an exclusive report outlining the latest trends as the market continues to move into a softening phase...

Disaster Ready Fund launches third round of grants

Wed, 22 Jan 2025 05:25:31 GMT

The federal government has opened the third round of its Disaster Ready Fund, which commits $200 million a year to mitigation projects, matched by states and territories...

Insurer ordered to say sorry over policy cancellation

Wed, 22 Jan 2025 02:49:19 GMT

Auto & General has been told to apologise and pay $2000 compensation to a property owner after it inadequately investigated his storm damage claim before initially denying cover and cancelling his policy...

Cyclone turns away from Pilbara after record rainfall

Tue, 21 Jan 2025 05:09:23 GMT

Cyclone Sean was today tracking away from the WA coastline after reaching category 4 intensity and bringing record rainfall to Karratha...

Landslides ‘rarely covered’ unless triggered by storms

Tue, 21 Jan 2025 05:09:14 GMT

A claims expert says landslides are not usually covered by Australian home policies unless they are caused by storms, as authorities continue to investigate a significant incident on Victoria’s Mornington Peninsula that destroyed a $2 million property...

‘Fear and confusion’ cloud cyber decisions

Tue, 21 Jan 2025 05:09:04 GMT

About 38% of Australian and New Zealand businesses have trouble figuring out their cyber insurance needs, according to a survey by IT security specialist Arctic Wolf...

AFCA backs travel insurer in dispute over cancer death

Tue, 21 Jan 2025 05:08:57 GMT

A travel policyholder who had to cut short a holiday to be with his dying sister-in-law has lost his bid for a payout...

icare recruits EML head as chief exec

Tue, 21 Jan 2025 00:04:45 GMT

NSW state insurer icare has appointed Geniere Aplin, most recently the head of EML Solutions, as its CEO...

Australian LA-style bushfire ‘inevitable’

Mon, 20 Jan 2025 05:03:36 GMT

A Los Angeles-style fire impacting a major Australian city is inevitable given increasing risk factors and the nation needs to be prepared, Natural Hazards Research Australia CEO Andrew Gissing says...

More than 11,000 claims lodged after NSW, ACT storms

Mon, 20 Jan 2025 04:56:44 GMT

The Insurance Council of Australia says 11,366 claims have been lodged in relation to wild weather that swept across NSW and the ACT...

Mustang prang caused by reckless speeding, not kangaroo

Mon, 20 Jan 2025 03:27:00 GMT

The owner of a 2022 Ford Mustang GT who said it was damaged while avoiding a kangaroo will not be covered after the vehicle was found to have hit speeds of almost 200km/h...