Daily

Did the insurance industry really agree on Friday to help investigate a government-funded cyclone reinsurance pool – something it’s been fighting against for years?

Insured losses from the Sunshine Coast hailstorm have risen to at least $60 million from 7500 claims, the Insurance Council of Australia says in an update today...

CommInsure pleaded guilty today in a Sydney court to 87 counts of hawking and is refunding more than $12 million to customers who were incorrectly sold life insurance products...

Insurance company executives met with Assistant Treasurer Michael Sukkar in Townsville today to discuss mitigation measures and the affordability of insurance in northern Australia...

SMEs are risking going out of business through not having the right insurance, but relatively few are seeking advice from brokers, a new QBE report says...

Insured losses from the bushfire catastrophe in NSW and Queensland have climbed to $100 million from 900 claims, according to the latest update today from the Insurance Council of Australia...

Travel claims account for most general insurance disputes since October 1, when the Australian Financial Complaints Authority started naming companies in its rulings...

A NSW Upper House inquiry into the state’s troubled building industry has made 19 suggestions to address the raft of problems that have forced insurers to raise premiums and impose strict exemptions on professionals’ insurance cover...

Australian insurtech Evari has partnered with Bunnings to offer insurance to more than 700,000 customers...

The Insurance Council of Australia has expanded its bushfire catastrophe zone to include Yeppoon and the Sunshine Coast in Queensland as the state braces for weather conditions to worsen in the coming days...

HDI Global has appointed former Allianz Global Corporate & Specialty Pacific CEO Willem van Wyk to head up its regional market management practice in Australasia and ASEAN...

New Zealand’s Earthquake Commission has formally apologised for “compounding the stress of customers” affected by the devastating Canterbury earthquakes...

The Insurance Council of Australia says the NSW bushfire catastrophe has run up at least $40 million in insured losses, but the figure will rise in coming days as more claims are submitted...

AUB Group is stepping up its governance focus to drive a culture of accountability and transparency across its network, Chairman David Clarke told the group’s AGM in Sydney today...

Surging directors’ and officers’ rates and rising property premiums powered an 18.8% third-quarter jump in Pacific region pricing, while global insurance market gains also gathered pace, Marsh says...

Residents in the New England region and far north coast of NSW have been urged to seek shelter as firefighters battle several blazes that are spreading rapidly in strong and gusty winds...

Steadfast MD and CEO Robert Kelly gave some insurers a roasting at the New Zealand insurance industry’s annual conference in Auckland this week...

Sydney-based insurtech Cover Genius has successfully attracted support from US, UK and local investors, raising $US10 million ($14.51 million) in a Series B funding round as it expands to new countries...

The Federal and state governments could be given the opportunity to sign a memorandum of understanding with insurers that guarantees premium reductions if certain mitigation measures are carried out...

The Australian Financial Complaints Authority has launched an online site that provides data on the performance of individual insurers, in a move designed to increase transparency and assist consumer education...