The Broker
Lockton cyber expert outlines ways breach will cost Optus
29 September 2022
This month’s cyber breach will have significant fiscal and resourcing implications for Optus, as well as intangible costs such as reputational damage, Lockton Companies Australia says...
Broker loses tax payment penalty appeal
29 September 2022
Former ACI Broking and Australian Consolidated Insurance Director Wayne Robert Miller has lost an appeal over penalties ordered after the companies didn’t send required money to the Australian Taxation Office...
'Brokers contribute to good claims outcomes': Crawford
29 September 2022
Brokers are an important part of the catastrophe claims process and play a critical role in achieving the right outcomes for clients, Crawford & Company says...
Pool owner loses court battle despite broker breach
29 September 2022
The owner of a 25-metre swimming pool lifted out of the ground after heavy rain has lost a NSW Supreme Court case launched against a broker after she discovered her policy wouldn’t cover the repairs...
NIBA Summit: broker panel line-up revealed
29 September 2022
Time is running out to register attendance at the upcoming National Insurance Brokers Association Summit...
Treasury discussion paper on ASIC funding model released
29 September 2022
Treasury has released a discussion paper for feedback as part of its review of the Australian Securities and Investments Commission industry funding model...
Broker profile: 'you've got to be a chameleon'
29 September 2022
Perth-based Aviso WA Broking GM Mike Thomas, pictured, says he has seen much of Australia and been invited into “lots of different boardrooms and kitchens” during his 30 years of working in insurance and broking...
Cyber capacity rising amid strong risk focus: WTW
15 September 2022
New cyber capacity has entered the market and more is likely to follow, but premiums are still surging in some circumstances, a WTW report on the Australia and New Zealand market says...
Brokers need more motor claim autonomy, expert says
15 September 2022
Insurers are being urged to give brokers more responsibility to independently progress motor claims as a way to speed the process and reduce costs for all parties involved...
AFCA awards compensation after 'unnecessary' comments
15 September 2022
A broker has been ordered to pay compensation after “less than ideal” communications with a complainant, despite the dispute over a landlord policy being decided largely against the insured...
CBN conference ends on high note with awards
15 September 2022
Community Broker Network says more than 300 delegates and business partners attended its SHIFT conference earlier this week in the Gold Coast, where they heard first-hand from insurance figures on key trends shaping the industry post-pandemic...
Distributor expectations key at pivotal time: Deloitte
15 September 2022
Insurers need to be proactive in fulfilling distributor and policyholder expectations as the global insurance industry stands at a crossroads to shaping long-term success, Deloitte says...
Gallagher to host cyber webinar next month
15 September 2022
Gallagher has announced it will host a Cyber Insights Panel addressing critical issues in the cyber market...
Steadfast NZ appoints Broker Services Manager
15 September 2022
Steadfast New Zealand has named Christine Martin as Broker Services Manager, effective from Monday...
Broker profile: 'I think insurance is misunderstood'
15 September 2022
Chris Macpherson became a broker out of necessity, but the appeal of being able to help people guided him to becoming the National Accounts Partner at Community Broker Network...
New Aon partnership helps accounting clients 'keep cash flow steady'
15 September 2022
Broker Aon has entered into a working arrangement with QuickFee, an ASX-listed online payments and financing provider, to support its SME accounting clients...
Insurers 'at capacity' as flood rebuilds blow out to 14 months
08 September 2022
The average insurer rebuild time following the east coast flood catastrophe that struck in February and March has blown out to 14 months...
Reduce the risk: brokers urged to help pubs and clubs as liability premiums soar
08 September 2022
Brokers with late licence and live music venue clientele are urged to play a more active role in helping clients reduce liability risks as the hospitality industry faces a sharp increase in public liability insurance premiums...
Broker backed in fire dispute after criminal history not disclosed
08 September 2022
A property owner who wanted a broker to cover a house fire loss costing more than $300,000 has lost the dispute after the Australian Financial Complaints Authority determined he failed to disclose his son’s criminal history...
Ausure explains farm foot and mouth disease liability
08 September 2022
Farmers must scrupulously follow instructions from relevant authorities in the event of an outbreak of foot and mouth disease in Australia to ensure their insurance policy responds, Ausure says...