insuranceNEWS.com.au - Daily

German agency quits Australia as business falls short

Fri, 18 Jul 2025 05:17:12 GMT

Legal expense insurance specialist Arag has withdrawn from the Australian market after failing to meet targets since opening a Sydney office in 2019...

Hobart, Ballarat brokers win NIBA regional awards

Fri, 18 Jul 2025 05:17:07 GMT

The National Insurance Brokers Association named its annual award winners for Victoria and Tasmania at a gala lunch in Melbourne today attended by more than 520 professionals...

Ombudsman orders payout over builder’s cracking tile job

Fri, 18 Jul 2025 05:16:50 GMT

A homeowner who was forced out of his property for two years during water damage repairs has won a dispute over claim delays and a botched tiling job...

Strata group survives as owner’s licence axed

Fri, 18 Jul 2025 05:16:44 GMT

The NSW Civil and Administrative Tribunal has allowed an under-fire strata property management company to continue trading but cancelled the owner’s licence...

Neal changes course to take AIG president role

Thu, 17 Jul 2025 04:14:10 GMT

Former Lloyd’s CEO John Neal will join AIG as president rather than taking a previously announced role in charge of climate solutions at Aon...

Watchdog pushes back IAG-RAC deal decision

Thu, 17 Jul 2025 04:13:32 GMT

The competition regulator has delayed its decision on IAG’s proposed $1.35 billion takeover of RAC’s underwriting operations as it seeks further information...

AFCA rejects insurer U-turn on storm damage

Thu, 17 Jul 2025 04:12:14 GMT

A vulnerable policyholder has won a dispute over his collapsed ceiling after the financial services ombudsman accepted a storm caused the damage...

INsight podcast: taking stock of the Johns Lyng takeover bid

Thu, 17 Jul 2025 04:05:19 GMT

The $1.1 billion private equity offer for Johns Lyng Group is discussed on the latest Insurance News podcast, with a shareholder vote on the proposal scheduled for October...

First-half cat losses second highest on record

Wed, 16 Jul 2025 06:13:41 GMT

Worldwide insured losses from January to June are expected to be at least $US100 billion ($150 billion), a 14-year high, Aon’s latest Global Catastrophe Recap says...

Under-pressure businesses drive NZ insurance complaints

Wed, 16 Jul 2025 06:13:32 GMT

Insurance complaints have risen as small businesses struggle in a tough economic climate, according to New Zealand’s independent dispute resolution service...

Rising wildfire threat spurs Willis partnership

Wed, 16 Jul 2025 06:13:20 GMT

Global broker Willis has teamed up with a UK university to deepen understanding of wildfire risk as disasters in the US and Australia show blazes are becoming more destructive...

Holidaymaker’s swim sinks theft claim

Wed, 16 Jul 2025 06:13:06 GMT

A cruise passenger will not receive a payout for stolen jewellery after the complaints authority found the items were probably left unattended...

Claims costs build as construction sector struggles

Tue, 15 Jul 2025 06:16:51 GMT

Rising concrete costs, tradie shortages and other problems plaguing the construction industry are driving claims inflation, Crawford & Company says in a new report...

Commission rejects insurer’s view on mystery car crash

Tue, 15 Jul 2025 06:16:39 GMT

An insurer that relied on an inference of driver fault to deny a car crash wound claim has lost a case before the NSW Personal Injury Commission...

icare overhauls dust diseases system

Tue, 15 Jul 2025 06:16:29 GMT

NSW state insurer icare is modernising its Dust Diseases Care case management platform and has appointed two new members to a board that provides funding for research and support services...

AFCA backs decision to cancel cover over driving ban

Tue, 15 Jul 2025 06:16:20 GMT

A driver who failed to tell her insurer she received a three-month licence suspension has lost an appeal to the complaints authority to have her policy reinstated and a crash claim paid...

Johns Lyng accepts $1b takeover bid

Fri, 11 Jul 2025 06:10:02 GMT

Johns Lyng Group has agreed to a buyout bid worth more than $1 billion from Pacific Equity Partners...

WA brokers take NIBA awards, join hunt for national honours

Fri, 11 Jul 2025 06:05:02 GMT

The National Insurance Brokers Association named its WA award winners at a gala lunch in Perth today attended by almost 600 professionals...

Court rejects e-scooter negligence case

Fri, 11 Jul 2025 06:00:00 GMT

An insurance broker who was hurt while riding an e-scooter has failed to make a case for negligence against a city council...

Crash driver was up the creek without a policy

Fri, 11 Jul 2025 05:55:42 GMT

A driver who crashed his car into a creek has lost a claim dispute because he bought his insurance policy after the accident...