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1. BI Full Court appeal set for next month
   The Full Court will hear appeals next month for some of the pandemic business interruption claim disputes that were part of a judgment delivered on the industry’s second test case...
   Local | 25 Oct 2021 03:01pm
2. Rebound expected after COVID set back: Optima
   Australian insurers’ profitability is set to improve this financial year, while remaining below targeted levels, after the COVID-19 pandemic wiped out a rebound expected in the prior period, the annual Finity Optima report says...
   Local | 25 Oct 2021 03:01pm
3. Industry responds to mutual review interim findings
   A discretionary mutual fund may be a suitable way to address the current insurance crisis facing amusement park, leisure and recreation operators, the Australian Small Business and Family Enterprise Ombudsman says...
   Local | 25 Oct 2021 03:00pm
4. Claim handling times lengthen in tough market
   Claims are being scrutinised more closely and handling times have increased amid the current hard market conditions, Gallagher says...
   Local | 25 Oct 2021 02:59pm
5. Claims roll in after multiple hailstorms
   A series of hail events affecting NSW and Queensland have clocked up thousands of mostly vehicle-loss claims and the Insurance Council of Australia expects an update from members tomorrow on the wider fall-out...
   Local | 25 Oct 2021 02:58pm
6. Supercomputer examines atypical Black Summer fires
   Black Summer bushfire features that increased difficulties for disaster responders, such as unusual overnight intensity, have been investigated using advanced supercomputer simulations...
   Local | 25 Oct 2021 02:57pm
7. AAMI reveals worst crash hotspots
   Nose-to-tail accidents are the most common type of crash at hotspot sites across Australia, a new study by Suncorp brand AAMI says, while Thursday is the most common day for a collision and afternoons the peak danger time...
   Local | 25 Oct 2021 02:57pm
8. Ensuring broken pipe premiums are not money down the drain
   Australians seeking an insurance provider for their home, investment property or other private building asset are advised to compare policies closely to determine whether coverage for broken pipes suits the particular risk factors for their situation and location...
   Local | 25 Oct 2021 02:56pm
9. Business Advisory Council begins affordability work
   The Insurance Council of Australia’s Business Advisory Council has held its first meeting as it prepares to develop proposals to address affordability and availability issues in commercial cover...
   Local | 25 Oct 2021 02:55pm
10. Insurers face 'new world' of cat losses: AIG CEO
    AIG CEO and President Peter Zaffino says the insurance sector has not addressed emerging risks and climate change quickly enough, and cyber risk is also particularly concerning...
    International | 25 Oct 2021 02:41pm
11. Europe rates set to harden further: Munich Re
    Munich Re has predicted reinsurance rates in Europe are expected to trend higher at the upcoming January renewal season, citing a number of factors such as major losses from extreme flooding on the continent and a rise in weather events in affected regions...
    International | 25 Oct 2021 02:41pm
12. "Terrific year" for Marsh McLennan
    Marsh McLennan has reported a 16% jump in quarterly sales to $US4.6 billion, marking a record for third quarter revenue amid strong momentum across all businesses on solid demand...
    International | 25 Oct 2021 02:40pm
13. High cat loss 'burden' fails to dent Munich Re earnings
    Munich Re says natural catastrophe losses “burdened” its third quarter results but maintains the business is on track to achieve its €2.8 billion profit target for the year...
    International | 25 Oct 2021 02:39pm
14. QBE introduces inclusive pregnancy loss support
    QBE has announced new support measures for staff who experience pregnancy loss...
    The Professional | 25 Oct 2021 02:12pm
15. MGA shares business overview, directions at two-day conference
    Adelaide-based MGA Insurance Group held its brokers assistants conference last week over two days in a hybrid format, with MD Paul George opening proceedings with an overview of the business and plans for the future...
    The Professional | 25 Oct 2021 02:11pm
16. Swiss Re risk engineer wins Aon scholarship
    The Australian and New Zealand Institute of Insurance and Finance says Swiss Re engineer Adi Mehta submitted the winning essay for this year’s Aon Scholarship...
    The Professional | 25 Oct 2021 02:10pm
17. Wotton + Kearney expands property, construction, energy team
    Insurance specialist law firm Wotton + Kearney has made four new appointments to its Property, Construction and Energy team, having announced two partner promotions to the division in June...
    The Professional | 25 Oct 2021 02:08pm
18. AILA presents life memberships, law prize
    The Australian Insurance Law Association has honoured two former directors with life memberships and awarded its Insurance Law Prize to Thomson Geer Partner Stanley Drummond...
    The Professional | 25 Oct 2021 02:05pm
19. APRA looking for 'protection gap' answers
    The Australian Prudential Regulation Authority says insurance accessibility and affordability challenges for parts of the community are likely to be exacerbated by increases in the frequency and severity of natural catastrophes, and the issue is a key focus...
    Regulatory & Government | 25 Oct 2021 01:51pm
20. NSW explores new apartment defect insurance
    The NSW Government aims to “weed out” untrustworthy apartment developers with the introduction of decennial liability insurance to guarantee against major defects for up to 10 years and provide a safety net for consumers which is currently lacking in the multi-unit high rise sector...
    Regulatory & Government | 25 Oct 2021 01:50pm

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