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 2020 Bushfire, hailstorm losses top $2 billion https://www.insurancenews.com.au/daily/bushfire-hailstorm-losses-top-2-billion https://www.insurancenews.com.au/daily/bushfire-hailstorm-losses-top-2-billion Insured losses from bushfires and hailstorms since November have reached $2.16 billion as more claims from the events are lodged...

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Fri, 24 Jan 2020 16:30:00 +1100
Genworth chooses KPMG partner as its next CEO https://www.insurancenews.com.au/daily/genworth-chooses-kpmg-partner-as-its-next-ceo https://www.insurancenews.com.au/daily/genworth-chooses-kpmg-partner-as-its-next-ceo Genworth Mortgage Insurance Australia has appointed KPMG Partner Pauline Blight-Johnston as MD and CEO...

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Fri, 24 Jan 2020 16:12:00 +1100
IAG cuts earnings outlook as catastrophe costs mount https://www.insurancenews.com.au/daily/iag-cuts-earnings-outlook-as-catastrophe-costs-mount https://www.insurancenews.com.au/daily/iag-cuts-earnings-outlook-as-catastrophe-costs-mount IAG today lowered its earnings guidance for this financial year to account partly for the impact of this month’s hailstorm that severely damaged cars and homes in Canberra, Sydney and Melbourne...

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Fri, 24 Jan 2020 15:16:00 +1100
Climate concern jumps up worry list https://www.insurancenews.com.au/daily/climate-concern-jumps-up-worry-list https://www.insurancenews.com.au/daily/climate-concern-jumps-up-worry-list Climate change and increasing weather volatility has surged into third place in an annual Allianz Global Corporate and Specialty survey of business risks facing the Australian insurance industry...

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Thu, 23 Jan 2020 16:20:00 +1100
Uber driver loses dispute over claim https://www.insurancenews.com.au/daily/uber-driver-loses-dispute-over-claim https://www.insurancenews.com.au/daily/uber-driver-loses-dispute-over-claim An Uber driver whose insurer knocked back a claim because he hadn’t told them he was working for the rideshare company has had his complaint rejected by the Australian Financial Complaints Authority...

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Thu, 23 Jan 2020 16:18:00 +1100
BEAR trap: insurers face tough conduct regime https://www.insurancenews.com.au/daily/bear-trap-insurers-face-tough-conduct-regime https://www.insurancenews.com.au/daily/bear-trap-insurers-face-tough-conduct-regime Treasury has released a consultation paper on plans to extend the Banking Executive Accountability Regime (BEAR) to insurers and other regulated financial entities as recommended by the Hayne royal commission...

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Thu, 23 Jan 2020 16:14:00 +1100
Brokers flag uncertainty over bushfire business interruption cover https://www.insurancenews.com.au/daily/brokers-flag-uncertainty-over-bushfire-business-interruption-cover https://www.insurancenews.com.au/daily/brokers-flag-uncertainty-over-bushfire-business-interruption-cover Brokers are calling for a review of business interruption policy wordings following the devastating bushfires that ripped through tourist regions in NSW, Victoria, SA and Queensland...

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Wed, 22 Jan 2020 16:12:00 +1100
Investments: brokers hold edge over insurers https://www.insurancenews.com.au/daily/investments-brokers-hold-edge-over-insurers https://www.insurancenews.com.au/daily/investments-brokers-hold-edge-over-insurers Listed brokers are poised to outperform their rivals in the coming months as the rate cycle eases from recent peaks, Macquarie Research says in a new report...

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Wed, 22 Jan 2020 16:10:00 +1100
Underwriters 'will maintain a tough line until 2021' https://www.insurancenews.com.au/daily/underwriters-will-maintain-a-tough-line-until-2021 https://www.insurancenews.com.au/daily/underwriters-will-maintain-a-tough-line-until-2021 Rising premiums and reduced capacity from underwriters for some business risks are set to remain features of the insurance market until well into next year, Honan Insurance Group says...

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Wed, 22 Jan 2020 16:09:00 +1100
Lucinda Mullins - Gilchrist Connell https://www.insurancenews.com.au/moves/lucinda-mullins---gilchrist-connell https://www.insurancenews.com.au/moves/lucinda-mullins---gilchrist-connell Gilchrist Connell is delighted to announce the promotion of Lucinda Mullins to Associate – Sydney...

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Wed, 22 Jan 2020 16:06:00 +1100