icare publishes reform progress dashboard

22 October 2021

NSW state insurer icare says at least 70% of activity to address recommended improvements made by a number of reviews is underway, and it has identified 463 past workers’ compensation claims with underpayments totalling $3.87 million...

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Traveller who caught COVID loses claim dispute

22 October 2021

A traveller who left Australia on a one-way flight, caught COVID and was unable to return home has lost a claim dispute with Zurich on the basis the coronavirus was not an unforeseeable event when he departed in September last year...

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Local

ICA urges NSW Premier Perrottet to make reforms

18 October 2021

The Insurance Council of Australia has called on the new NSW Premier Dominic Perrottet to extend proposed stamp duty reforms to insurance and for the state to take a fresh look at abolishing the emergency services levy...

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Corporate

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Life Insurance

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International

Reinsurers cushioned even as cat losses try budgets: S&P

18 October 2021

Very strong capital adequacy at global reinsurers continues to provide a cushion even as 2021 is likely to be the fifth year in a row of natural catastrophe losses at or above budget expectations, S&P Global Ratings says, including more than $US20 billion of COVID-related insured losses in the past 18 months...

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Analysis