The Broker
Brokers flag fears over looming commission consent rules
24 April 2025
New rules that require client consent for general insurance commissions could force intermediaries to stop advising on retail products, some brokers have warned...
Pacific rate decline leads global slide: Marsh index
24 April 2025
Commercial rates in the Australia-dominated Pacific region fell 8% in the first quarter, as declines in property gathered pace, the latest Marsh Global Insurance Market Index shows...
New strata code to tackle commissions: SCA
24 April 2025
The Strata Community Association says it will address commission-based remuneration as it works to create a national code of ethics for the industry...
Salon takes haircut in BI claim dispute
24 April 2025
A hairdressing salon has failed to have a covid-related business interruption payment increased after the ombudsman found it was underinsured and was not misled when it reduced its cover during the pandemic...
Workers’ comp flaws ramp up ACT coverage costs, NIBA says
24 April 2025
The key drivers of insurance costs in the ACT are the workers’ compensation scheme, regulation that is inconsistent with other jurisdictions and climate vulnerability, the National Insurance Brokers Association says...
Patchwork adoption of AI leading to ‘unknown risks’
24 April 2025
Most businesses are only “scratching the surface” when using artificial intelligence, as procurement, risk and compliance, and health and safety departments lag in adoption, a survey by broker Gallagher has found...
Marsh warns on third-party cyber threat
24 April 2025
Almost one in three cyber breaches are attributable to “third-party attack vectors”, meaning the core risk originated outside the targeted organisation, according to Marsh...
Liberty experts to address A&H seminar
24 April 2025
The National Insurance Brokers Association will host an accident and health seminar with experts from Liberty Specialty Markets...
Consumer lobby urges code action on conflicts of interest
17 April 2025
The broking code of practice must clearly define “unmanageable conflict of interest” and should expand commission disclosure requirements, a consumer group says...
AFCA orders accidental damage payout after driver ‘cooks engine’
17 April 2025
An insurer was wrong to apply a mechanical failure exclusion after a truck driver ignored a temperature warning light and the vehicle’s engine overheated, the dispute authority has ruled...
NIBA brings ‘industry-leading insights’ to ACT members
17 April 2025
The National Insurance Brokers Association will hold an event in Canberra to discuss challenges and opportunities for the industry, and says a new ACT subcommittee is stepping up engagement in the region...
Envest’s PSC makes acquisition in NZ growth push
17 April 2025
PSC Insurance Brokers has expanded in New Zealand with the acquisition of Sepio Insurance, based in Pukekohe, south of Auckland...
D&O cover getting easier to secure: Gallagher
17 April 2025
Australian insurers are reassessing directors’ and officers’ risk rating criteria to remain competitive as global carriers open offices here and new London market capacity softens market conditions...
Fire premiums will continue to climb, GSA warns
17 April 2025
Major urban centres including Sydney are “dangerously unprepared” for fire, and GSA Insurance Brokers says inner-city residents face 5%-10% increases in insurance premiums...
‘Best buds’ leave BizCover to start new business
17 April 2025
BizCover brokers Daniel Littledyke and Josh Newton have founded a brokerage called Lumen Insurance, specialising in commercial cover...
Consultants association to host ‘meet the board’ event
17 April 2025
The Association of Insurance Building & Engineering Consultants will introduce its new board at an event in Sydney next month...
Deadline extended for code review feedback
10 April 2025
The deadline for submissions to the broker code of practice review has been extended in response to stakeholder feedback and to account for upcoming public holidays...
AFCA delivers history lesson after truckie’s claim breaks down
10 April 2025
A trucking company has lost a claim dispute after falsely declaring through a broker that it had operated and held insurance for two years before buying a policy from NTI...
NIBA pre-election breakfast to ‘position our profession’
10 April 2025
The National Insurance Brokers Association will host a May 1 breakfast in Sydney featuring NSW Liberal senator Andrew Bragg and independent MP for Warringah Zali Steggall...
AR eyes fresh start after leaving Insurance House
10 April 2025
NSW authorised representative Insure Today will operate under a new licensed entity called Broker Connect...