insuranceNEWS.com.au

Bushfire, hailstorm losses top $2 billion

Fri, 24 Jan 2020 16:30:00 +1100

Insured losses from bushfires and hailstorms since November have reached $2.16 billion as more claims from the events are lodged...

Genworth chooses KPMG partner as its next CEO

Fri, 24 Jan 2020 16:12:00 +1100

Genworth Mortgage Insurance Australia has appointed KPMG Partner Pauline Blight-Johnston as MD and CEO...

IAG cuts earnings outlook as catastrophe costs mount

Fri, 24 Jan 2020 15:16:00 +1100

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...

Climate concern jumps up worry list

Thu, 23 Jan 2020 16:20:00 +1100

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...

Uber driver loses dispute over claim

Thu, 23 Jan 2020 16:18:00 +1100

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...

BEAR trap: insurers face tough conduct regime

Thu, 23 Jan 2020 16:14:00 +1100

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...

Brokers flag uncertainty over bushfire business interruption cover

Wed, 22 Jan 2020 16:12:00 +1100

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...

Investments: brokers hold edge over insurers

Wed, 22 Jan 2020 16:10:00 +1100

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...

Underwriters 'will maintain a tough line until 2021'

Wed, 22 Jan 2020 16:09:00 +1100

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...

Hailstorm losses top $300 million, catastrophe declared

Tue, 21 Jan 2020 16:27:00 +1100

Hailstorms that dented cars and smashed windows in Canberra, Sydney and Melbourne over the past two days have caused losses estimated at $320 million...