Nexus joins Insurance Advisernet 22 January 2021 Nexus Risk Services will join Insurance Advisernet under an arrangement agreed by the two Austbroker equity partners... Read More...
Businesses forced to close as 'insurance crisis' worsens 22 January 2021 A growing number of businesses are being forced to shutter because they can’t get public liability insurance which is mandatory for many of the industries they operate in, according to Australian Small Business and Family Enterprise Ombudsman Kate Carnell... Read More...
Insurer pays for failing to provide 'like-for-like' farm cover 22 January 2021 Agricultural insurer Achmea must indemnify a claim after fire destroyed 1380 bales of hay, despite the items not being listed among insured contents in a farm policy sold to a client... Read More...
Industry wants PI insurance requirements 'applied prospectively' 22 January 2021 The Insurance Council of Australia has voiced concerns over the NSW Government’s draft regulations for the Design and Building Practitioners Act 2020 that was passed in parliament last June... Read More...
CBA’s insurance arm may be pitched to big insurers 14 December 2020 Speculation is growing that the Commonwealth Bank may pitch its $1 billion general insurance business to four major insurers in the local market as early as next year... Read More...
Passage of Bill progresses Hayne recommendations 14 December 2020 Passage of the Financial Sector Reform Bill 2020 through Parliament is a “major step forward” in implementing the recommendations of the Hayne royal commission, the Federal Government says... Read More...
Advisers back Canberra’s move to kill off FASEA 14 December 2020 Key peak bodies have expressed support for the Morrison Government’s decision to wind up the Financial Adviser Standards and Ethics Authority and introduce other measures that will reduce red tape... Read More...
Four re-elected to UAC board 14 December 2020 Four directors have been re-elected to the Underwriting Agencies Council board, with Kurt Nilsen being confirmed for a further one-year term as Chairman... Read More...
November’s Typhoon Goni strongest ever storm at landfall 14 December 2020 Super Typhoon Goni, which hit the Philippines in November, was the strongest storm at landfall in recorded history with average sustained winds of 315 kilometres an hour, Aon’s latest Global Catastrophe Recap report says... Read More...
Small business battles spur calls for government action 14 December 2020 The Australian Small Business and Family Enterprise Ombudsman has warned insurance market failure is causing a national crisis that needs to be addressed, and has taken calls for government action to a new level... Read More...