Daily

A University of NSW report wants a “Medicare-style” system introduced to address the premium affordability problem in bushfire-prone areas...

A small business which lost more than $150,000 in profit when thick smoke from bushfires on SA’s Kangaroo Island deterred tourists in January has lost its dispute over a Business Interruption claim...

Litigation funders will be required to hold an Australian Financial Services Licence, stepping up regulation of a sector blamed for fuelling class action activity and directors’ and officers’ insurance premium increases...

IAG head of natural perils Mark Leplastrier and Sharanjit Paddam, who is head of Environmental, Social and Governance Risk at QBE and also convenes the Actuaries Institute Climate Change Working Group, will address the bushfires royal commission on Monday as hearings get underway...

Steadfast Group said today in a trading update its business is performing well despite the significant impact of the coronavirus outbreak on the Australian economy...

Those responsible for the “misappropriation” of $8.69 million that led to the collapse of Perth authorised representative company Winley Insurance Group in 2016 will likely go unpunished by Australian authorities...

A woman whose Mercedes was written off has lost a $73,000 insurance dispute after the Australian Financial Complaints Authority ruled there was an opportunity to stage the accident...

The insurance industry has a critical role to play in strengthening resilience as countries recover from the impact of the COVID-19 pandemic, Swiss Re Chief Economist Jerome Haegeli says...

Attempts to recover more than $8 million that disappeared from the accounts of failed Perth authorised representative company Winley Insurance Group have been unsuccessful...

QBE has been selected as the exclusive provider of Lenders Mortgage Insurance to the home loan customers of National Australia Bank...

Steadfast will once again support the Mansfield Awards, the industry’s premier claims awards scheme...

Insurance brokers have been urged to start preparing for the unfair contract terms reforms that will commence next year...

Outgoing Insurance Council of Australia CEO Rob Whelan has spoken of his pride in his team as he prepares to leave in September, when successor Andrew Hall joins from Commonwealth Bank...

The National Insurance Brokers Association says intermediaries should assess individual policy wordings before advising clients on business interruption claims – and adds that “the last thing brokers want to see is an unstable insurance sector”...

A motorist with a poor driving record whose Toyota Landcruiser became submerged in seawater has won an insurance dispute after the Australian Financial Complaints Authority ruled the car dealer who sold the policy failed to highlight the duty of disclosure...

The Queensland Government has announced funding to extend a grants program that helps improve the resilience of homes and reduces premiums in cyclone-affected regions...

Australian law firms have expressed a range of views on whether exclusions within business interruption policies that refer to a repealed act of parliament will hold up...

A man who had a tumour believed to be malignant removed on expert medical advice – but discovered he did not have cancer after the surgery – has won a dispute over a claim under his trauma policy with life insurer OnePath...

A parliamentary inquiry into the class action system, targeting litigation funders and regulatory oversight of funding arrangements, has been launched after being delayed by the coronavirus outbreak...

The Australian Maritime Safety Authority has accused London-based marine insurer Britannia P&I of using “every trick in the book” to avoid paying for the cost of cleaning up pollution caused by a ship it insured...