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  1. Hailstorm catastrophe losses rise to $300 million
    Insurance losses from October’s Queensland hailstorms have risen to $300 million as claims continue to be lodged from the event, the Insurance Council of Australia says...
    Local | 09 Nov 2020 02:32pm
  2. UK ban on new customer discounts ‘could happen here’
    “Radical” plans to ban new insurance customer discounts outlined by UK regulators could be replicated here, actuarial firm Finity has warned...
    Local | 09 Nov 2020 02:32pm
  3. Small business insurance complaints have doubled: AFCA
    The number of small business insurance complaints to the Australian Financial Complaints Authority more than doubled last financial year...
    Local | 09 Nov 2020 02:31pm
  4. Vero NZ trials affordable motor policy
    Vero and Good Shepherd NZ are trialling a new car insurance product aimed at improving financial security for Kiwis who might otherwise be excluded from the market...
    Local | 09 Nov 2020 02:30pm
  5. Property owner loses appeal over Melbourne fire cover
    The owner of a property destroyed in a major industrial fire in Melbourne two years ago has lost a court appeal against Swiss Re’s decision to deny cover...
    Local | 09 Nov 2020 02:30pm
  6. Roundtable offers to help action bushfire inquiry ideas
    IAG and other members of the Australian Business Roundtable for Disaster Resilience and Safer Communities have offered to assist in implementing recommendations from the bushfire inquiry...
    Local | 09 Nov 2020 02:29pm
  7. Gallagher’s Q3 revenue up 2% in Australia and NZ
    Gallagher achieved organic revenue growth of 2% in Australia and New Zealand combined in the September quarter...
    Corporate | 09 Nov 2020 02:27pm
  8. Allianz Q3 operating profit declines in Australia
    Allianz has experienced a third-quarter property and casualty operating profit decline in Australia, while revenues were supported by pricing gains, according to figures released with the international group’s results...
    Corporate | 09 Nov 2020 02:26pm
  9. Lloyd’s sees £800 million savings from reforms plan
    Lloyd’s estimates brokers and insurers could collectively reduce costs by more than £800 million if measures in its updated reform blueprint are adopted...
    International | 09 Nov 2020 01:43pm
  10. UK court to hear BI appeal next week
    The UK Supreme Court has set aside four days next week to hear insurer and regulator appeals over a business interruption test case judgment that could affect hundreds of thousands of policyholders...
    International | 09 Nov 2020 01:42pm
  11. Fitch sees gaps in climate change pricing
    Evidence is growing that existing insurer risk frameworks are not fully pricing the “chronic, long-term and cumulative nature” of the physical impacts brought about by climate change, ratings agency Fitch says...
    International | 09 Nov 2020 01:42pm
  12. Munich Re posts quarterly underwriting loss
    Munich Re’s property & casualty reinsurance unit posted an underwriting loss in the third quarter as losses related to COVID-19 hit €800 million and seasonal natural catastrophes struck...
    International | 09 Nov 2020 01:41pm
  13. Hurricane Zeta sets record, losses may reach $5 billion
    Hurricane Zeta insurance losses may reach $US1.5-3.5 billion after it last month set a record for the number of named storm to make US landfall in a season, catastrophe modelling firm AIR Worldwide says...
    International | 09 Nov 2020 01:41pm
  14. Marsh’s Asia Pacific revenue grows 4% in Q3
    Marsh’s Asia Pacific operations achieved underlying revenue growth of 4% to $US254 million in the September quarter...
    International | 09 Nov 2020 01:40pm
  15. An indefinite drag: WTW grim on virus-hit earnings
    Willis Towers Watson has warned the economic fallout from the pandemic will remain an indefinite drag on revenue as its risk and broking businesses posted muted earnings for the third quarter to September...
    International | 09 Nov 2020 01:39pm
  16. Berkshire’s insurance arm braces for more virus fallout
    Berkshire Hathaway has warned its insurance arm could be further impacted from the economic fallout of COVID-19 after the division sank into a net underwriting loss of $US213 million in the third quarter...
    International | 09 Nov 2020 01:39pm
  17. UK regulator stresses need for COVID-related reviews
    UK insurance firms must complete reviews by early next month detailing the value of their products in light of the impacts of the coronavirus pandemic, the Financial Conduct Authority says...
    International | 09 Nov 2020 01:37pm
  18. Coronavirus clouds Genworth’s claims outlook
    Genworth Mortgage Insurance Australia third-quarter claims activity was lower than expected due to pandemic-linked government and lender support packages, but the group has increased reserving as the measures also cloud future visibility...
    Corporate | 09 Nov 2020 01:01pm
  19. Crawford bulks up legal service offerings with latest acquisition
    Claims management group Crawford & Company has strengthened its legal service offerings for insurance clients in Australia with a “game-changing” purchase of HBA Group, a law firm with a significant presence in the industry...
    Corporate | 09 Nov 2020 01:01pm
  20. New PI-focused brokerage ‘not deterred by hard market’
    Melbourne-based brokerage Insurance Lab has launched in the market with a focus on arranging professional indemnity insurance for engineering and construction clients including building surveyors, project managers and environmental consultants...
    Corporate | 09 Nov 2020 01:00pm

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