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  1. Gallagher buys employee development firm
    Gallagher has acquired Brisbane-based Effectus Consulting, an employee and leadership development firm offering strategies for human resources and talent development...
    Corporate | 09 Nov 2020 01:00pm
  2. Crombie Lockwood buys Otago brokerage
    Crombie Lockwood, the New Zealand arm of Gallagher, has acquired Otago brokerage beSure...
    Corporate | 09 Nov 2020 12:58pm
  3. Not so simples: ACCC probes comparator’s move on iSelect
    The Australian Competition and Consumer Commission is inviting submissions over moves by comparison site Compare the Market to acquire more shares in competitor iSelect...
    Regulatory & Government | 09 Nov 2020 12:56pm
  4. APRA restarts data confidentiality consultation
    Consultations have restarted on increasing the transparency of insurance data published by the Australian Prudential Regulation Authority after activity on the issue was suspended in March due to the COVID-19 pandemic...
    Regulatory & Government | 09 Nov 2020 12:55pm
  5. icare blames ‘confusion’ for transparency problems
    NSW state insurer icare says historic non-compliance with contract transparency requirements was caused by "underdeveloped systems and internal confusion"...
    Regulatory & Government | 09 Nov 2020 12:55pm
  6. NSW building scheme needs brokers: NIBA
    Ending the role of brokers in the NSW home defects compensation scheme would disadvantage builders, drive up premiums and create additional issues if icare were to take over distribution, the National Insurance Brokers Association says...
    Regulatory & Government | 09 Nov 2020 12:55pm
  7. APRA digs deeper on cyber insurance data
    The Australian Prudential Regulation Authority plans to collect data on cyber and management liability insurance products following interest from insurers in separate reporting of the information...
    Regulatory & Government | 09 Nov 2020 12:53pm
  8. Insurers ‘entitled’ to discount new business, but for how long?
    A consumer recently complained to the Australian Financial Complaints Authority that his premium had soared by 47%, and he could get a cheaper quote as a new customer from the same insurer...
    Analysis | 09 Nov 2020 12:50pm
  9. Insurers’ earnings likely to fall further, Fitch warns
    Australian insurers are set for more pain in the coming months as earnings continue to take a hit from the virus-linked recession, Fitch Ratings warns in a new report...
    Daily | 06 Nov 2020 04:31pm
  10. General insurance complaints up 17%, AFCA figures show
    General insurance disputes received by the Australian Financial Complaints Authority increased to 19,103 last financial year, according to its annual review published today...
    Daily | 06 Nov 2020 04:29pm
  11. Hailstorm dominates Suncorp disaster costs
    Suncorp says natural hazard costs across Australia and New Zealand for the first four months of the financial year are estimated at $348-408 million following last weekend’s destructive hailstorm...
    Daily | 06 Nov 2020 04:27pm
  12. Farmer’s $42,000 shed kit not covered by property policy
    A NSW woman whose farm shed kit was damaged in a bushfire before it could be constructed on a newly laid concrete slab has lost her claim dispute...
    Daily | 06 Nov 2020 04:21pm
  13. D&O, COVID spark another record jump in insurance prices
    Commercial rates in the Australia-dominated Pacific market set a new record for the second straight quarter, rising 33% in the three months to September, according to the latest pricing report from Marsh...
    Daily | 05 Nov 2020 04:15pm
  14. COVID support clouds claims visibility: Genworth
    Genworth Mortgage Insurance Australia has strengthened its claims reserving due to reduced loan delinquency visibility caused by COVID-19 restrictions and government and lender support packages, and with an uneven economic recovery expected...
    Daily | 05 Nov 2020 04:03pm
  15. Crawford buys insurance-focused Australian law firm
    Global claims management group Crawford & Company has acquired Australia’s HBA Group, a law firm with a significant presence in the insurance industry servicing underwriters, brokers and other insurance-related businesses...
    Daily | 05 Nov 2020 03:43pm
  16. Three excesses in one day: skier loses dispute over multiple charges
    A driver whose wheel arch was dented and his rear door scraped by a ski while in a carpark at an Alpine resort has lost a claim dispute after his insurer charged multiple excesses...
    Daily | 05 Nov 2020 03:38pm
  17. IAG awaits test case outcome before BI update
    IAG will await the results of a legal test case before updating the market on possible business interruption claims losses, despite some investor concerns about the need for more immediate disclosure...
    Daily | 04 Nov 2020 05:35pm
  18. Insured disputing renewal price told new quotes 'irrelevant'
    A homeowner who complained new customers were being offered home and contents cover for hundreds of dollars less than he was charged at renewal has lost a dispute over his annual premium increase...
    Daily | 04 Nov 2020 05:29pm
  19. Emergence forms in-house cyber claims response team
    Cyber specialist Emergence has formed an in-house Incident Response and Cyber Claims team to work for policyholders if they are victims of an event, as risks faced by businesses and households continue to increase...
    Daily | 04 Nov 2020 05:28pm
  20. Royal commission findings a 'significant step', roundtable says
    Recommendations from the bushfire royal commission are a significant step towards achieving vital investment in mitigation to protect communities, IAG MD and CEO Nick Hawkins says...
    Daily | 04 Nov 2020 05:26pm

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