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 'Insurance businesses will collapse' under virus pressure https://www.insurancenews.com.au/daily/insurance-businesses-will-collapse-under-virus-pressure https://www.insurancenews.com.au/daily/insurance-businesses-will-collapse-under-virus-pressure “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...

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Fri, 10 Jul 2020 16:24:00 +1000
Senator queries industry's 'deafening silence' on emissions https://www.insurancenews.com.au/daily/senator-queries-industrys-deafening-silence-on-emissions https://www.insurancenews.com.au/daily/senator-queries-industrys-deafening-silence-on-emissions 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...

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Fri, 10 Jul 2020 16:19:00 +1000
Pandemic exclusion upheld in travel claim dispute https://www.insurancenews.com.au/daily/pandemic-exclusion-upheld-in-travel-claim-dispute https://www.insurancenews.com.au/daily/pandemic-exclusion-upheld-in-travel-claim-dispute 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...

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Fri, 10 Jul 2020 16:13:00 +1000
SMEs seek brokers' aid as sales plunge https://www.insurancenews.com.au/daily/smes-seek-brokers-aid-as-sales-plunge https://www.insurancenews.com.au/daily/smes-seek-brokers-aid-as-sales-plunge 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...

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Fri, 10 Jul 2020 16:05:00 +1000
Clients will be hurt: Melbourne brokers face lockdown 2.0 https://www.insurancenews.com.au/daily/clients-will-be-hurt-melbourne-brokers-face-lockdown-2-0 https://www.insurancenews.com.au/daily/clients-will-be-hurt-melbourne-brokers-face-lockdown-2-0 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...

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Thu, 09 Jul 2020 16:28:00 +1000
Motor policy wordings cause excess confusion https://www.insurancenews.com.au/daily/motor-policy-wordings-cause-excess-confusion https://www.insurancenews.com.au/daily/motor-policy-wordings-cause-excess-confusion 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...

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Thu, 09 Jul 2020 16:24:00 +1000
Sam White sets up female-centric car insurance brand https://www.insurancenews.com.au/daily/sam-white-sets-up-female-centric-car-insurance-brand https://www.insurancenews.com.au/daily/sam-white-sets-up-female-centric-car-insurance-brand QBE is underwriting a new Australian direct car insurance offering aimed at women, founded by high-profile UK entrepreneur Sam White...

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Thu, 09 Jul 2020 16:10:00 +1000
Senators set to learn about bushfire impact on insurers https://www.insurancenews.com.au/daily/senators-set-to-learn-about-bushfire-impact-on-insurers https://www.insurancenews.com.au/daily/senators-set-to-learn-about-bushfire-impact-on-insurers 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...

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Thu, 09 Jul 2020 16:08:00 +1000
Broker goes bust after insurer demands funds https://www.insurancenews.com.au/daily/broker-goes-bust-after-insurer-demands-funds https://www.insurancenews.com.au/daily/broker-goes-bust-after-insurer-demands-funds Construction-focused insurance group Qamvis has gone into liquidation after its insurer partner issued a demand for funds owed...

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Wed, 08 Jul 2020 16:18:00 +1000
ESL Monitor accuses Allianz of providing dodgy data https://www.insurancenews.com.au/daily/esl-monitor-accuses-allianz-of-providing-dodgy-data https://www.insurancenews.com.au/daily/esl-monitor-accuses-allianz-of-providing-dodgy-data 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...

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