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1. BI claims uncertainty ramps up insurer earnings pressure: Fitch
   A possible surge in COVID-19 business interruption claims adds to existing pressures on Australian general insurers’ earnings, Fitch warns...
   Daily | 25 Jan 2021 04:16pm
2. Claimant who blamed bat for power surge loses insurance complaint
   A Suncorp contents insurance policyholder who believed a bat was responsible for a power surge that subsequently damaged his laptop and televisions has failed in his bid to have the insurer accept his claim...
   Daily | 25 Jan 2021 04:15pm
3. Disaster-hit regions 'might never recover' without insurance
   Natural disaster mitigation is vital to keep insurance affordable, because without it regional communities may never recover, Suncorp says as it releases a new report today...
   Daily | 25 Jan 2021 04:14pm
4. January hailstorm losses rise to nearly $1.9 billion
   Catastrophe data company Perils has finalised its overall loss estimate of several hailstorms that hit the eastern states in January last year, raising the value of claims accepted by insurers to $1.89 billion...
   Daily | 25 Jan 2021 04:12pm
5. Nexus joins Insurance Advisernet
   Nexus Risk Services will join Insurance Advisernet under an arrangement agreed by the two Austbroker equity partners...
   Daily | 22 Jan 2021 04:11pm
6. Businesses forced to close as 'insurance crisis' worsens
   A growing number of businesses are being forced to shutter because they can’t get public liability insurance which is mandatory for many of the industries they operate in, according to Australian Small Business and Family Enterprise Ombudsman Kate Carnell...
   Daily | 22 Jan 2021 03:59pm
7. Insurer pays for failing to provide 'like-for-like' farm cover
   Agricultural insurer Achmea must indemnify a claim after fire destroyed 1380 bales of hay, despite the items not being listed among insured contents in a farm policy sold to a client...
   Daily | 22 Jan 2021 03:24pm
8. Industry wants PI insurance requirements 'applied prospectively'
   The Insurance Council of Australia has voiced concerns over the NSW Government’s draft regulations for the Design and Building Practitioners Act 2020 that was passed in parliament last June...
   Daily | 22 Jan 2021 02:27pm
9. NIBA presses ASIC for retail advice reform
   The National Insurance Brokers Association has proposed meeting with the Australian Securities and Investments Commission, insurers and consumer representatives to discuss changes that could help retail clients access advice...
   Daily | 21 Jan 2021 03:57pm
10. 'Needs TLC': fire claim upheld despite concern over property condition
    An investment property owner has won a claim payment dispute after fire damaged an old house that was advertised as needing “tender loving care” when it was purchased...
    Daily | 21 Jan 2021 03:51pm
11. Reinsurance renewal rate increases fall short of expectations
    Prices at the January 1 treaty renewal season did not increase sharply as initially predicted as the global reinsurance capital pool closed out last year 3% higher than 2019, according to reports...
    Daily | 21 Jan 2021 03:40pm
12. M&A rates set to rise as appetite for deals hots up
    Rates for mergers and acquisitions-related risk products are set to increase after corporate appetite for business expansion was dented last year because of the pandemic, Gallagher says in a report...
    Daily | 21 Jan 2021 03:12pm
13. AUB sells Altius in health and rehab exit
    AUB Group has agreed to sell its holding in Altius to the Riverside Company for net cash proceeds of about $57 million, completing its exit from health and rehabilitation services...
    Daily | 20 Jan 2021 03:50pm
14. Coverforce completes management buyout of private equity investor
    Independent brokerage Coverforce today confirmed that management shareholders have acquired investment firm Pemba Capital Partners’ 49% ownership in the business...
    Daily | 20 Jan 2021 03:45pm
15. Risks pile higher in financial lines: Gallagher
    Insurers are wary of emerging financial lines risks and are approaching directors’ and officers’ and management liability renewals as if a fiscal cliff is imminent, Gallagher says...
    Daily | 20 Jan 2021 03:40pm
16. Contagious diseases, climate change 'key global risks': WEF report
    Infectious diseases and a number of climate change-linked threats have dominated a risk survey as part of an annual World Economic Forum report produced in collaboration with Zurich Insurance Group and Marsh...
    Daily | 20 Jan 2021 03:38pm
17. Austbrokers Corporate CEO resigns as trio set to join Marsh
    Austbrokers Corporate CEO John Mutton has resigned, as he and two other executives prepare to join rival broker Marsh...
    Daily | 19 Jan 2021 04:33pm
18. CommInsure assessor accused of inflating repair cost in return for 'gift'
    The Fair Work Commission has dismissed an application for relief from unfair dismissal by a former Commonwealth Insurance motor assessor, who was terminated for “serious misconduct” last year over an undeclared transfer of $500 to his bank account...
    Daily | 19 Jan 2021 03:27pm
19. Pandemic 'biggest threat' to Australian business: Allianz survey
    Pandemic outbreaks have for the first time been listed as the biggest threat to Australian businesses, according to an annual risk survey by Allianz Global Corporate and Specialty...
    Daily | 19 Jan 2021 03:12pm
20. Industry moves: WTW among firms making key appointments
    Willis Towers Watson has appointed Lee Garvey to the newly created position of Head of Financial Solutions for Australia and New Zealand as the New Year brings a number of personnel changes across the insurance industry...
    Daily | 19 Jan 2021 03:09pm

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