28 February 2022
The Full Court judgment favouring insurers in pandemic-related business interruption disputes has brought more clarity, but a further appeal is possible and there are still class actions in the wings...
21 February 2022
Like the famous “show me the money” quote from the Jerry Maguire movie, at the moment it’s a case of “show me the modelling” when it comes to benefits promised from the northern Australia cyclone reinsurance pool...
14 February 2022
Law firm Herbert Smith Freehills has pulled together the main learnings from last year’s most significant cases and market developments – a must-read for insureds, brokers and claims advisers...
07 February 2022
We see the headlines every week. An insured customer has their claim denied, they tell their story to the media and it’s portrayed as a struggle between good and evil, brave Aussie battler against heartless and faceless corporation...
31 January 2022
Greater choice, control and convenience have been promised to consumers under data-sharing reforms rolling out across the economy, but insurers have raised some red flags as the Federal Government forges ahead...
13 December 2021
It’s been another challenging year, and the team at insuranceNEWS.com.au has taken great pride in keeping our army of readers up to date throughout...
06 December 2021
The Federal Government has moved at a fast clip to develop a cyclone reinsurance pool, after announcing in May that it would go ahead with the long-debated proposal, with draft legislation released last week providing details while leaving some key questions unanswered...
29 November 2021
The Australian Financial Complaints Authority has received a generally positive report card after its first Treasury review, with recommendations aimed at fine-tuning and keeping it on track rather than requiring major changes...
22 November 2021
QBE Group CEO Andrew Horton wants a more stable strategy and leadership – and has highlighted areas where the insurer can grow...
15 November 2021
Spring and summer can often be unstable seasons in Australia, but as many parts of the country emerge from yet another wild weekend of weather it seems like we’re getting more than our fair share at the moment...
08 November 2021
Carbon emission reduction pledges from world leaders will not by themselves save the planet from climate change peril. Similar promises have been made in the past, only to fail dismally, upended by domestic political roadblocks...
01 November 2021
Move over COVID. Insurers in Australia and globally have a more pressing viral threat on their radar – one that has already stoked geopolitical fears of a new Cold War that could be fought, not with nuclear weapon launch codes, but with the click of a mouse...
25 October 2021
An expected recovery in insurers’ profitability didn’t go to plan last financial year but with premiums rising and pandemic business interruption claim risks factored in, the anticipated rebound is likely back on track...
18 October 2021
Insurers can be an easy target when things go wrong – and responses to the current ransomware epidemic illustrate the point perfectly...
11 October 2021
After the shock of losing the first business interruption test launched last year there must have been much industry relief on Friday as the Federal Court handed down a judgment that went overwhelmingly in favour of insurers...
04 October 2021
The partial collapse of a building front in Melbourne and shaking felt in several states following the Victorian earthquake is a warning against complacency about a risk for which Australians are generally unprepared...
27 September 2021
The topic of broker commissions receives some different treatment in the Trowbridge report released by the Insurance Council of Australia, compared with other recent reviews that have raised industry hackles...
20 September 2021
Actions matter a whole lot more in the post-Hayne royal commission era, and promises to do right by consumers are no longer enough...
13 September 2021
Swiss Re has taken a look to the end of the year, and two decades further ahead, as current trends herald changes that will transform the industry into the future...
06 September 2021
Could the COVID pandemic be an unlikely catalyst to end what historian Geoffrey Blainey once dubbed Australia’s “tyranny of distance"?...