Daily

Court takes a stand over replacement vehicles

17 September 2019

Drivers who accept vehicles from credit hire companies after car accidents could be left thousands of dollars out of pocket following a series of NSW Supreme Court decisions...

Read More...

Dam right: insurers back higher Warragamba wall

17 September 2019

Insurers believe community concerns about raising the height of the Warragamba Dam wall must be balanced against the “paramount importance” of reducing the risk of flood and saving lives and property in Western Sydney...

Read More...

Roma gets a flood risk tick after mitigation works

17 September 2019

The Queensland Government has announced a downgrade in the flood risk for more than 500 properties in the southwestern town of Roma following the completion of an $8.3 million mitigation project...

Read More...

Bolt from the Blue: AIMS survey shows disruption in action

13 September 2019

Disruption is starting to have a material impact on the shape of Australia’s general insurance industry, with the success of new entrant Blue Zebra the perfect example, according to the latest AIMS member survey of insurers...

Read More...

ICA says draft product rule regulations fall short

13 September 2019

The Insurance Council of Australia will be pushing for further clarity in draft regulations for financial product design and distribution obligations as concerns over the controversial new regime remain...

Read More...

Northern Australia: ICA rejects ‘quick solution’ to ease premium woes

13 September 2019

Disaster risk mitigation is the answer to the north’s long-running premium affordability problem, the Insurance Council of Australia says, as it warns against resorting to “quick solutions” that could backfire...

Read More...

Cricket star Starc stands his ground after Lloyd’s denies claim

12 September 2019

Australian fast bowler Mitchell Starc insists he is owed $1.5 million under a total disablement policy issued by a Lloyd’s syndicate...

Read More...

Latest Climate Index readings affirm extreme weather trend

12 September 2019

Last autumn produced the second-highest number of hot days for that season, according to the Actuaries Institute...

Read More...

Munich Re offloads Australian long-tail lines

12 September 2019

A subsidiary of US-listed and Bermuda-based insurance group Enstar is set to acquire $228 million worth of long-tail insurance portfolios in Australia from Munich Re-owned entities...

Read More...

Enforced four-day pause proposed for add-on sales

11 September 2019

The Federal Government has proposed an enforced four-day pause in the add-on insurance sales process as part of sweeping reforms to prevent consumers buying products they don’t need in high-pressure situations...

Read More...

Treasury consults on new ASIC powers

11 September 2019

Treasury today released for public consultation its draft legislation to arm the Australian Securities and Investments Commission with more powers to supervise the financial services sector...

Read More...

Out-of-season bushfires ‘fuelled by climate change’

11 September 2019

Out-of-season bushfires tearing through NSW and Queensland reveal the “inescapable truth” of the impact of climate change, IAG says...

Read More...

You’re our top priority, new Suncorp chief tells brokers

10 September 2019

Brokers will play a crucial role in Suncorp’s future strategy, new Group CEO Steve Johnston says...

Read More...

Funeral for Donna Walker set for Friday

10 September 2019

The funeral for highly respected Allianz executive Donna Walker will be held in Melbourne on Friday afternoon...

Read More...

Bushfires update: losses climb past $13 million as claims pour in

10 September 2019

Losses from the NSW and Queensland bushfires have risen to about $13.5 million and are set to increase in coming days as more claims are lodged...

Read More...

Suncorp drives home its case against state intervention

6 September 2019

Suncorp has hammered home the case against Government intervention in the northern Queensland insurance market and says overseas examples aren’t a template for local solutions...

Read More...

Administrator sets deadline for Sportscover owner

6 September 2019

The future of Wild Goose Holdings, the owner of Sportscover Australia, will be decided at the next reconvened second meeting of creditors on October 29...

Read More...

Gear change: driverless cars spark new directions for insurance

6 September 2019

Demand for “on-the-go” motor cover is set to rise as driverless cars become mainstream, according to a global law firm which commissioned a study into how autonomous vehicles could change the transport landscape, including in Australia...

Read More...

Tragic death of highly regarded Allianz manager

5 September 2019

Donna Walker, Allianz Australia’s Chief Technical Officer, has died suddenly while holidaying in Africa...

Read More...

Victorian councils mount another JLT class action

5 September 2019

JLT is facing a second class action brought by local councils, with law firm Quinn Emanuel Urquhart & Sullivan filing a writ in the Victorian Supreme Court after already launching a similar case in NSW...

Read More...