Daily

Steadfast acquires controlling stake in GSA

12 August 2020

Steadfast has acquired a controlling shareholding in GSA Insurance Brokers, giving the business “extra clout” and filling a “missing piece in the jigsaw” for the network...

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Climate class action points to rising trend

12 August 2020

A class action filed against the Federal Government for failing to disclose climate change risks attached to sovereign bonds reflects trends that could see rising actions against companies, legal firm Allens warns...

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AFCA rules against mother who rushed home for baby formula

12 August 2020

A traveller who changed her return flight so she could get specialist formula for her baby and subsequently made an unsuccessful insurance claim for travel losses, has lost her bid for compensation...

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HDI hires Sydney duo to head risk and compliance, finance

12 August 2020

Specialty insurer HDI Global has bolstered its senior team with two new hires in Sydney...

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Australia sparks record 31% rise in Pacific renewal prices

11 August 2020

Commercial rates in the Pacific region surged by a record 31% in the second quarter, fuelled in part by further deterioration in Australia’s directors’ and officers’ market...

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Hollard joins capital injection into insurtech

11 August 2020

Hollard-backed insurtech Open has received $3.1 million in new funding from the insurer and local venture capital firm AirTree Ventures to support its recently launched broker-focused digital platform...

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Cricketer Mitchell Starc settles with Lloyd’s

11 August 2020

Australian fast bowler Mitchell Starc and Lloyd’s have agreed to settle a disputed claim under a total disablement policy, averting an expected hearing in the Victorian County Court...

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Traveller loses $130,000 dispute over illness

11 August 2020

A man who became sick with severe sepsis in Thailand, after his insurance expired two weeks earlier, has lost a dispute over a $130,000 claim for medical costs...

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Potential for second BI test case flagged

7 August 2020

IAG has flagged the potential for a second industry business interruption test case to clarify that prevention of access extensions don’t apply in the case of pandemics...

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Change of plans: AFCA finds for traveller who skipped Hong Kong

7 August 2020

The Australian Financial Complaints Authority has ruled Zurich must pay a claimant for losses incurred from changes he had made to his travel plans to avoid the civil unrest in Hong Kong last year...

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IAG eyes lockdown impacts on new business

7 August 2020

IAG expects the Victorian lockdown is likely to trigger a repeat of trends seen earlier this year when coronavirus restrictions caused a reduction in new business while retention rates held up well...

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Suncorp transfers super members off 'smoker' rates

7 August 2020

Suncorp Portfolio Services Limited has taken members with group life policies off smoker rates and is considering remediation of non-smokers...

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Retailer loses COVID shutdown claim dispute

6 August 2020

The Australian Financial Complaints Authority has ruled against a confectionary seller in a dispute over cover for losses when two shops in tourist locations were forced to close due to the coronavirus outbreak...

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Australian travel premiums 'still lagging in 2024'

6 August 2020

The value of travel insurance premiums written in Australia will not have recovered to levels seen last year by 2024 due to international travel restrictions, analytics firm GlobalData predicts...

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Industry commissions survey on diversity, COVID impacts

6 August 2020

An online survey has been launched today to gauge the industry’s progress in advancing diversity and inclusion in the workplace, plus the impact of the pandemic on employee wellbeing...

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Lawcover names new leader as CEO stands down

6 August 2020

Kerrie Lalich has been promoted to the role of CEO at Lawcover Insurance, succeeding Michael Halliday who has decided to stand down after eight years at the helm...

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Retired Supreme Court judge to lead icare review

5 August 2020

Retired Supreme Court judge Robert McDougall will lead a “root and branch” examination of NSW state insurer icare as a scheduled five-year review is brought forward and broadened...

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Steadfast cancels next year’s convention

5 August 2020

Steadfast has cancelled its convention scheduled for next March due to ongoing concerns caused by the coronavirus pandemic, after already not going ahead with this year's event...

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Driver who hid bottle of rum after crash loses claim dispute

5 August 2020

A man who crashed his car into several trees while driving in clear weather on a straight, flat, sealed and dry road in Queensland has lost a dispute with his motor insurer...

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ASIC invites caryard insurance crackdown feedback

5 August 2020

The Australian Securities and Investments Commission is seeking feedback on a revised proposal of product intervention on add-on insurance sold with motor vehicles...

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