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ACIL strata survey uncovers ‘bad actors’

Thu, 18 Apr 2024 02:22:54 GMT

The Australian Consumers Insurance Lobby says responses to its survey on strata sector problems has identified “bad actors” including five brokers...

Standard terms could throttle innovation, NIBA warns

Thu, 18 Apr 2024 02:22:32 GMT

Care should be taken that any move to standardise more natural hazard terms in addition to flood does not inadvertently stifle innovation, the National Insurance Brokers Association says...

Broker floats co-contribution fix for flood cover scarcity

Thu, 18 Apr 2024 02:22:17 GMT

Increasing flood cover excesses and co-contribution arrangements are “practical and feasible” ways to address an insurance availability crisis in northern NSW, Good Cover Principal Broker Matt Williamson says...

CFC branches out with Solution Underwriting deal

Thu, 18 Apr 2024 02:21:57 GMT

Cyber specialist CFC is expanding its reach in Australia with the acquisition of Melbourne-based Solution Underwriting...

Howden offers cybersafety tips for ‘information-rich’ legal industry

Thu, 18 Apr 2024 02:21:09 GMT

Broker Howden has released a cyber risk guide for the legal industry, to help it guard against “a novel category of villains”...

AIG names new financial lines chief

Thu, 18 Apr 2024 02:20:41 GMT

AIG has appointed Ryan Thomas as Head of Financial Lines Asia-Pacific...

Hutch introduces PI with cyber

Thu, 18 Apr 2024 02:19:50 GMT

Hutch Underwriting has launched a product that combines professional indemnity (PI), public liability (PL) and a cybercrime extension...

Broking chiefs prepare for charity sleepout

Thu, 18 Apr 2024 01:24:13 GMT

Insurance broking bosses are participating in the 19th annual Vinnies CEO Sleepout fundraiser, held on one of the coldest nights to support Australians vulnerable to homelessness...

Cyber specialist CFC buys 'innovative' Solution

Wed, 17 Apr 2024 06:17:36 GMT

London-based cyber specialist CFC has acquired Solution Underwriting, expanding its presence in the Australian market...

Driver compensated for motor claim 'stress and inconvenience'

Wed, 17 Apr 2024 06:16:39 GMT

A 74-year-old has been awarded $2550 in compensation for “undue delays” after she waited nine months for her vehicle to be repaired following a collision...

'Disorganised rabble’: flooded Victorians wade in on insurers

Wed, 17 Apr 2024 06:14:31 GMT

Residents of western Melbourne communities affected by damaging floods voiced strong criticism of insurers at today’s federal inquiry hearings in Maribyrnong...

INsight podcast: key submissions on standard definitions

Wed, 17 Apr 2024 06:09:58 GMT

Differing views on creating more standard definitions for natural disasters are the main subject for discussion on the latest Insurance News podcast...

AFCA’s decision the final word on theft dispute

Tue, 16 Apr 2024 06:15:31 GMT

A court has underlined the binding powers of Australian Financial Complaints Authority decisions, finally ending a woman’s fight for a payout after her insurer rejected a claim for thousands of dollars of stolen jewellery...

Inquiry heads to Victorian flood zones

Tue, 16 Apr 2024 06:15:15 GMT

The federal inquiry into insurers’ responses to the 2022 floods is travelling to Victoria this week, with hearings set for Maribyrnong, Rochester and Heathcote...

New batch of Queensland home resilience grants up for grabs

Tue, 16 Apr 2024 06:12:30 GMT

Applications are open for grants that help low-income north Queenslanders carry out work to protect their homes from cyclones...

Claimant wins battle over sudden covid test requirement

Tue, 16 Apr 2024 06:11:51 GMT

A traveller who was denied entry to India after it introduced covid-19 testing guidelines will be partially covered for his losses following an Australian Financial Complaints Authority ruling...

Further rise in code breaches sparks concern

Mon, 15 Apr 2024 04:46:22 GMT

The Life Insurance Code Compliance Committee says the industry needs to step up after breaches rose for the third straight year, growing 9% to 12,314 for the 2022-23 reporting period...

AFCA warns of ‘devastating consequences’ from miscommunication

Mon, 15 Apr 2024 04:45:43 GMT

The Australian Financial Complaints Authority flagged the importance of providing accurate information to insureds at a recent member forum for the life industry...

Financial security trumps groceries, holidays

Mon, 15 Apr 2024 04:45:20 GMT

Australians value life insurance so highly they are prepared to reduce other expenses to keep their policies, annual research from NobleOak Life has found...

Watchdog rules against complainant who failed to disclose ailments

Mon, 15 Apr 2024 04:45:05 GMT

A woman who alleged her financial adviser gave her inappropriate insurance advice, arranging new policies that came with mental health and lumbar spine exclusions, has lost her dispute...