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 2019 Dual fraudsters jailed after 'concoction of lies' https://www.insurancenews.com.au/daily/dual-fraudsters-jailed-after-concoction-of-lies https://www.insurancenews.com.au/daily/dual-fraudsters-jailed-after-concoction-of-lies Former Dual Australia claims manager Josie Gonzalez was the mastermind behind a $17.4 million fraud that could have destroyed the underwriting business, County Court of Victoria Judge Paul Lacava said today before sending her to jail...

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Fri, 18 Oct 2019 16:19:00 +1100
At last: mitigation gets a $50 million boost https://www.insurancenews.com.au/daily/at-last-mitigation-gets-a-50-million-boost https://www.insurancenews.com.au/daily/at-last-mitigation-gets-a-50-million-boost Insurers have welcomed Canberra’s move to set aside $50 million a year for flood levees, seawalls and other mitigation works aimed at improving natural disaster resilience...

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Fri, 18 Oct 2019 16:13:00 +1100
MGA announces latest acquisition https://www.insurancenews.com.au/daily/mga-announces-latest-acquisition https://www.insurancenews.com.au/daily/mga-announces-latest-acquisition Adelaide-based MGA Insurance Brokers has added another business to its network, taking its total number of offices around Australia to 40...

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Fri, 18 Oct 2019 16:09:00 +1100
IAG sells its India stake as Asia retreat continues https://www.insurancenews.com.au/daily/iag-sells-its-india-stake-as-asia-retreat-continues https://www.insurancenews.com.au/daily/iag-sells-its-india-stake-as-asia-retreat-continues IAG has reached agreement to sell its 26% stake in the SBI General joint venture in India for more than $640 million as the insurer continues to wind back its presence in Asia...

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Thu, 17 Oct 2019 16:09:00 +1100
Hayne has led to closer collaboration, say fintechs https://www.insurancenews.com.au/daily/hayne-has-led-to-closer-collaboration-say-fintechs https://www.insurancenews.com.au/daily/hayne-has-led-to-closer-collaboration-say-fintechs Australia’s fintechs believe relationships with insurers have improved since the Hayne royal commission, a new survey has found...

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Thu, 17 Oct 2019 16:05:00 +1100
Life insurers warned: fix TPD cover or ASIC will https://www.insurancenews.com.au/daily/life-insurers-warned-fix-tpd-cover-or-asic-will https://www.insurancenews.com.au/daily/life-insurers-warned-fix-tpd-cover-or-asic-will Life insurers have been told by the corporate regulator to fix shoddily designed total and permanent disability (TPD) insurance products and deal with unsatisfactory claims practices or face having changes imposed on them...

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Thu, 17 Oct 2019 15:56:00 +1100
ICA warns parts of Australia 'could become uninsurable' https://www.insurancenews.com.au/daily/ica-warns-parts-of-australia-could-become-uninsurable https://www.insurancenews.com.au/daily/ica-warns-parts-of-australia-could-become-uninsurable Climate change could lead to parts of the country becoming uninsurable, the Insurance Council of Australia has warned...

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Wed, 16 Oct 2019 16:19:00 +1100
icare releases claims performance data https://www.insurancenews.com.au/daily/icare-releases-claims-performance-data https://www.insurancenews.com.au/daily/icare-releases-claims-performance-data NSW state insurer icare has released workers’ compensation claims performance data as it aims to increase transparency...

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Wed, 16 Oct 2019 16:15:00 +1100
AAMI Crash Index reveals worst accident blackspots https://www.insurancenews.com.au/daily/aami-crash-index-reveals-worst-accident-blackspots https://www.insurancenews.com.au/daily/aami-crash-index-reveals-worst-accident-blackspots Nine of Australia’s ten worst car crash locations were in Melbourne last financial year, an annual analysis of AAMI motor accident claims shows...

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Wed, 16 Oct 2019 16:11:00 +1100
Code grows teeth with $100,000 deterrent https://www.insurancenews.com.au/daily/code-grows-teeth-with-100000-deterrent https://www.insurancenews.com.au/daily/code-grows-teeth-with-100000-deterrent The revised General Insurance Code of Practice is set to introduce a $100,000 punishment for “significant breaches”...

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Tue, 15 Oct 2019 16:33:00 +1100