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1. Steadfast merges three SA brokers
   Steadfast is combining three well-known SA brokerage names into a new business, as the network continues to encourage regional mergers...
   Daily | 23 Jul 2019 04:12pm
2. PI crisis continues despite reform pledge, surveyors warn
   The Australian Institute of Building Surveyors says ministers have failed to address the immediate professional indemnity insurance crisis, focusing instead on long-term reform...
   Daily | 23 Jul 2019 03:58pm
3. Insurers renew push for no-fault CTP scheme
   A no-fault compulsory third party (CTP) scheme is what Queensland needs if the state is to put a stop to the widespread practice of “claim farming”, a parliamentary committee has heard...
   Daily | 23 Jul 2019 03:23pm
4. Ministers agree to act on PI impasse
   A consultation on professional indemnity insurance is expected in coming weeks after the Building Ministers’ Forum in Sydney last week agreed on a co-ordinated response to the impasse in the troubled construction industry...
   Local | 22 Jul 2019 02:30pm
5. No ‘windfall’ for insurers under cladding fix: ICA
   The Insurance Council of Australia has rejected suggestions that insurers will enjoy a “significant windfall gain” from Victoria’s cladding rectification plan and should therefore help fund the repairs...
   Local | 22 Jul 2019 02:29pm
6. NSW funds $2 million drought insurance study
   The NSW Government will spend $2 million investigating a national insurance scheme to protect the drought-hit farming sector from future dry spells...
   Local | 22 Jul 2019 02:27pm
7. Ex-Allianz manager wins $1.3 million bullying payout
   Allianz has lost a lawsuit over workplace bullying charges filed by a former manager, and must pay him $1.39 million in compensation...
   Local | 22 Jul 2019 02:26pm
8. Property capacity contracting, premiums rising
   Australian property market capacity is contracting, while premiums are increasing for catastrophe-exposed and undesirable risks, Willis Towers Watson’s July update says...
   Local | 22 Jul 2019 02:25pm
9. Industry settles most NSW hailstorm claims
   About 72% of home building claims from last December’s NSW hailstorm have closed, according to the latest update from the Insurance Council of Australia...
   Local | 22 Jul 2019 02:24pm
10. Fair play more important than letter of the law: AFCA
    The Australian Financial Complaints Authority has warned insurers against relying on “legally sound” black-letter arguments for actions that create poor consumer outcomes...
    Local | 22 Jul 2019 02:24pm
11. ASIC weighs wider clampdown on cold calling
    The Australian Securities and Investments Commission is seeking feedback on whether its proposed ban on unsolicited phone sales for consumer credit insurance and life insurance should apply more widely...
    Regulatory & Government | 22 Jul 2019 02:22pm
12. Insurance ‘loyalty tax’ rises to 34%, says Fels
    NSW Emergency Services Levy Insurance Monitor Allan Fels says recent research shows that, on average, customers renewing their insurance policy pay 34% more than new customers...
    Regulatory & Government | 22 Jul 2019 02:21pm
13. APRA challenged over ‘culture of conformity’
    The Australian Prudential Regulation Authority has been told to end its “culture of conformity” and tackle risks including cultural issues and cyber threats, and to restructure to create insurance, banking and superannuation divisions...
    Regulatory & Government | 22 Jul 2019 02:20pm
14. SA government probes motor insurance sector
    The SA Parliament has launched an inquiry into the state motor insurance and car repair industry...
    Regulatory & Government | 22 Jul 2019 02:19pm
15. Climate change group ‘needs to be independent’: ICNZ
    The Insurance Council of New Zealand wants the Ardern Government to change its “zero carbon” bill to safeguard the independence and expert advice of the proposed climate change commission...
    Regulatory & Government | 22 Jul 2019 02:17pm
16. Legal dispute settles out of court
    A confidential out of court settlement has ended a lengthy legal dispute between six former owners of the SRS underwriting agency and major broker Gallagher...
    Corporate | 22 Jul 2019 02:15pm
17. Finity acquires AI firm
    Actuarial consultancy Finity has purchased Sydney-based artificial intelligence analytics firm Deep Logic for an undisclosed sum...
    Corporate | 22 Jul 2019 02:15pm
18. 360 takes stake in construction underwriter
    360 Underwriting Solutions has acquired a 50% stake in online underwriting agency eSentry...
    Corporate | 22 Jul 2019 02:14pm
19. QBE claim liabilities rise after rate ruling
    QBE has increased its claims liabilities estimate after a change in the interest rate used in UK personal injury calculations fell short of company expectations...
    Corporate | 22 Jul 2019 02:09pm
20. Emergence heads west
    Cyber insurer Emergence has opened an office in WA, further extending its national network...
    Corporate | 22 Jul 2019 02:08pm

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