insuranceNEWS.com.au - All newsGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-au‘Court isn’t a claims handler’: judges reject class action over BI rowhttps://www.insurancenews.com.au/daily/court-isn-t-a-claims-handler-judges-reject-class-action-over-bi-rowhttps://www.insurancenews.com.au/daily/court-isn-t-a-claims-handler-judges-reject-class-action-over-bi-row<p>Federal Court appeal judges have ruled covid-related business interruption claims involving QBE and Lloyd&rsquo;s policyholders should not be heard as a class action, leaving the individual matters to the insurers...</p>Fri, 07 Aug 2026 06:37:03 GMTCode committee warns of threat to broker self-regulationhttps://www.insurancenews.com.au/daily/code-committee-warns-of-threat-to-broker-self-regulationhttps://www.insurancenews.com.au/daily/code-committee-warns-of-threat-to-broker-self-regulation<p>The broking code compliance committee has warned the continued legitimacy of self-regulation depends on the industry&rsquo;s willingness to ensure its code of practice is an effective tool for consumer protection and accountability...</p>Fri, 07 Aug 2026 06:33:58 GMTAon Australia overhauls exec roleshttps://www.insurancenews.com.au/daily/aon-australia-overhauls-exec-roleshttps://www.insurancenews.com.au/daily/aon-australia-overhauls-exec-roles<p>Aon has made changes across its Australian executive leadership team, as it moves to deepen its client focus and increase connectivity across the business...</p>Fri, 07 Aug 2026 06:19:27 GMTInsurer not to blame as jewel theft victim misses gold-standard coverhttps://www.insurancenews.com.au/daily/insurer-not-to-blame-as-jewel-theft-victim-misses-gold-standard-coverhttps://www.insurancenews.com.au/daily/insurer-not-to-blame-as-jewel-theft-victim-misses-gold-standard-cover<p>Allianz had no obligation to tell a customer a new version of its home insurance offered greater coverage before jewellery worth almost $57,000 was stolen, the industry ombudsman says...</p>Fri, 07 Aug 2026 06:15:31 GMTACCC rejects insurers’ ‘deficient’ standardised terms applicationhttps://www.insurancenews.com.au/daily/accc-rejects-insurers-deficient-standardised-terms-applicationhttps://www.insurancenews.com.au/daily/accc-rejects-insurers-deficient-standardised-terms-application<p>The competition watchdog has refused to give authorisation to proposed home insurance standard definitions for &ldquo;wear and tear&rdquo; and &ldquo;taking reasonable steps&rdquo; on maintenance, plus related education campaigns in a preliminary decision...</p>Thu, 06 Aug 2026 06:08:03 GMTAI property intelligence firm wins Guidewire contesthttps://www.insurancenews.com.au/daily/ai-property-intelligence-firm-wins-guidewire-contesthttps://www.insurancenews.com.au/daily/ai-property-intelligence-firm-wins-guidewire-contest<p>Sync Technologies has won cloud platform Guidewire&rsquo;s Insurtech Vanguards Pitch Day, held in Sydney on Wednesday...</p>Thu, 06 Aug 2026 05:39:59 GMT'Do not travel' warning grounds cancelled flight claimhttps://www.insurancenews.com.au/daily/do-not-travel-warning-grounds-cancelled-flight-claimhttps://www.insurancenews.com.au/daily/do-not-travel-warning-grounds-cancelled-flight-claim<p>An Australian who travelled to Iran despite a long-standing government warning has lost a claim dispute after her return flight was cancelled...</p>Thu, 06 Aug 2026 05:32:11 GMTINsight podcast: tributes flow for Tim Wedlockhttps://www.insurancenews.com.au/daily/insight-podcast-tributes-flow-for-tim-wedlockhttps://www.insurancenews.com.au/daily/insight-podcast-tributes-flow-for-tim-wedlock<p>The death of Tim Wedlock and tributes to the popular broking leader is the main focus for this week&rsquo;s Insurance News podcast...</p>Thu, 06 Aug 2026 04:42:01 GMTTim Wedlock tributes transcend brokinghttps://www.insurancenews.com.au/the-broker/tim-wedlock-tributes-transcend-brokinghttps://www.insurancenews.com.au/the-broker/tim-wedlock-tributes-transcend-broking<p>Tributes have continued to flow for broking leader Tim Wedlock, with the broader insurance industry and beyond recognising his remarkable contribution...</p>Thu, 06 Aug 2026 02:15:14 GMTPolice wait to question driver over crash that killed industry leaderhttps://www.insurancenews.com.au/the-broker/police-wait-to-question-driver-over-crash-that-killed-industry-leaderhttps://www.insurancenews.com.au/the-broker/police-wait-to-question-driver-over-crash-that-killed-industry-leader<p>US investigators say they &ldquo;have yet to determine&rdquo; why an 87-year-old driver allegedly ran a red light at an intersection in Nashville at the weekend, killing Australian broking leader Tim Wedlock and injuring three other pedestrians...</p>Thu, 06 Aug 2026 02:15:03 GMTBroker vindicated as ombudsman finds policyholder at fault on disclosurehttps://www.insurancenews.com.au/the-broker/broker-vindicated-as-ombudsman-finds-policyholder-at-fault-on-disclosurehttps://www.insurancenews.com.au/the-broker/broker-vindicated-as-ombudsman-finds-policyholder-at-fault-on-disclosure<p>A commercial property owner who demanded her broker pay for storm damage repairs after her claim was rejected has lost a dispute before the industry ombudsman...</p>Thu, 06 Aug 2026 02:14:27 GMTCyber buyers eye cheaper coverhttps://www.insurancenews.com.au/the-broker/cyber-buyers-eye-cheaper-coverhttps://www.insurancenews.com.au/the-broker/cyber-buyers-eye-cheaper-cover<p>Gallagher Re says polling at its Asia-Pacific cyber summit in Singapore found 94% of participants see insureds seeking cheaper rather than broader coverage, underscoring the competitive environment and the need to demonstrate value to policyholders...</p>Thu, 06 Aug 2026 02:14:19 GMTBarnesy surprises crowd at McLardy McShane’s island getawayhttps://www.insurancenews.com.au/the-broker/barnsey-surprises-crowd-at-mc-lardy-mc-shane-s-island-getawayhttps://www.insurancenews.com.au/the-broker/barnsey-surprises-crowd-at-mc-lardy-mc-shane-s-island-getaway<p>McLardy McShane raised more than $526,500 for charity at its latest annual conference...</p>Thu, 06 Aug 2026 02:05:51 GMTCowden names operations chiefhttps://www.insurancenews.com.au/the-broker/cowden-names-operations-chiefhttps://www.insurancenews.com.au/the-broker/cowden-names-operations-chief<p>Charlotte Lau has been appointed national head of operations at Cowden &ndash; a role that includes responsibility for IT, plus people and culture...</p>Thu, 06 Aug 2026 02:05:40 GMTAmwins expands nat cat energy offeringhttps://www.insurancenews.com.au/the-broker/amwins-expands-nat-cat-energy-offeringhttps://www.insurancenews.com.au/the-broker/amwins-expands-nat-cat-energy-offering<p>Amwins Global Risks has expanded its natural catastrophe facility for renewable energy projects, increasing capacity to $US50 million ($71 million) per placement...</p>Thu, 06 Aug 2026 02:05:28 GMTIvory names new claims manager, tech chiefhttps://www.insurancenews.com.au/the-broker/ivory-names-new-claims-manager-tech-chiefhttps://www.insurancenews.com.au/the-broker/ivory-names-new-claims-manager-tech-chief<p>Lawyer Yen Tran has been appointed national claims manager at Ivory Insurance, as Michael Behm becomes claims counsel in a transition towards retirement...</p>Thu, 06 Aug 2026 02:00:49 GMTCode expansion arguments ‘not based on demonstrated harm’: NIBAhttps://www.insurancenews.com.au/daily/code-expansion-arguments-not-based-on-demonstrated-harm-nibahttps://www.insurancenews.com.au/daily/code-expansion-arguments-not-based-on-demonstrated-harm-niba<p>The National Insurance Brokers Association has released a detailed statement explaining the thinking behind its recently released draft code...</p>Wed, 05 Aug 2026 06:17:13 GMT‘Market failing’ as SME mitigation efforts go unrewardedhttps://www.insurancenews.com.au/daily/market-failing-as-sme-mitigation-efforts-go-unrewardedhttps://www.insurancenews.com.au/daily/market-failing-as-sme-mitigation-efforts-go-unrewarded<p>MPs have voiced concerns that mitigation work has failed to provide premium relief, after small businesses told a federal inquiry their efforts to reduce exposure have been futile...</p>Wed, 05 Aug 2026 06:11:05 GMTClearlake aims to fund further growthhttps://www.insurancenews.com.au/daily/clearlake-aims-to-fund-further-growthhttps://www.insurancenews.com.au/daily/clearlake-aims-to-fund-further-growth<p>Clearlake Insurance Brokers says it is assessing options and considering bringing in a minority partner as it looks to fund ambitious growth plans...</p>Wed, 05 Aug 2026 06:10:19 GMTNo glossing over poor paint job, as AFCA orders payouthttps://www.insurancenews.com.au/daily/no-glossing-over-poor-paint-job-as-afca-orders-payouthttps://www.insurancenews.com.au/daily/no-glossing-over-poor-paint-job-as-afca-orders-payout<p>An insurer did not try hard enough to produce a matching paint job when repairing a claimant&rsquo;s caravan, despite its policy stating it did not have to achieve uniformity, the financial services ombudsman has ruled...</p>Wed, 05 Aug 2026 06:08:16 GMT