Daily
ASIC cancels transport cover specialist's licence over PI breach
27 April 2023
Assurance Cover Australia, a provider of discretionary cover for motor vehicles and drivers, has had its financial services licence cancelled as it did not have the mandatory professional indemnity insurance, the corporate regulator announced today...
Insurer not required to cover tourist's alcohol-induced hospitalisation
27 April 2023
A traveller who was hospitalised in Thailand due to alcohol intoxication will not be compensated after losing his claims dispute against his insurer...
INsight podcast: learning lessons from last year's floods
27 April 2023
The Insurance Council's decision to commission an external review of last year's massive flood catastrophe is the leading discussion point on the latest edition of the Insurance News podcast...
Regulatory burdens risk affordability issues: ICA
26 April 2023
Cumbersome and overcomplex regulation risks limiting competition, stifling innovation and raising premiums for consumers, while processes to introduce changes are often reactive, the Insurance Council of Australia has warned a parliamentary inquiry...
Double whammy of weather systems could heighten bushfire risk
26 April 2023
An El Nino could combine with a positive Indian Ocean Dipole later this year to create challenging conditions for bushfire risk across parts of Australia...
Aon Reinsurance Solutions appoints local Head of Treaty
26 April 2023
Paul Grasso has been promoted to the role of Head of Treaty in Australia and New Zealand for Aon’s Reinsurance Solutions business...
Vehicle owner loses claims dispute over test drive theft
26 April 2023
A complainant whose vehicle was stolen during an unaccompanied test drive will not be compensated after his actions were found to have contributed to the event...
MIGA recruits RAA Insurance CEO for top job
21 April 2023
Tom Griffiths has taken over as CEO at Medical Insurance Group Australia as Mandy Anderson departs after 23 years at the insurer...
Financial incentives needed to help drive ESG: Aon
21 April 2023
Companies are lagging in providing financial incentives around environmental, social and governance measures despite recognising the importance of the issues and associated risks, an Aon report says...
Property owner wins leaking pipe vs ground movement dispute
21 April 2023
A homeowner whose property suffered severe cracking due to a leaky pipe will be compensated for her losses after winning a claims dispute against her insurer...
Victorian flood inquiry to tour communities
21 April 2023
The Victorian Parliament’s Flood Inquiry Committee will tour affected communities to hold public hearings following significant flooding in the state last year...
$100,000 sanction 'now an option' as insurer code breaches soar
20 April 2023
A community benefit payment of up to $100,000 is now available to be imposed on insurance providers for “egregious” breaches of the General Insurance Code of Practice, as record numbers of breaches are reported...
Government assists families left uninsured by Porter Davis
20 April 2023
The Victorian Government says it will compensate around 560 families left uninsured because liquidated property firm Porter Davis did not take out Domestic Building Insurance, breaching its obligations...
Queensland boosts coastal hazards resilience funding
20 April 2023
The Queensland Government has boosted funding for councils to better protect communities from climate change-induced coastal hazards such as storm tide inundation and erosion...
Consumer entitled to refund for 'mis-sold' consumer credit policy
20 April 2023
A complainant who sought a refund for premiums he paid for a Consumer Credit Insurance policy has won his dispute after it was found there were "elements of misrepresentation"...
ICA welcomes decision to scrap Warragamba Dam raising
19 April 2023
The Insurance Council of Australia has welcomed NSW Labor Government comments affirming that it won’t proceed with a project to raise the height of the Warragamba Dam wall...
Deloitte to review insurer response to record 2022 floods
19 April 2023
The Insurance Council of Australia has appointed Deloitte to undertake an external review into the insurance industry’s response to record floods that struck Queensland and NSW early last year, and identify what could be improved in responses to future extreme weather events...
Property owner wins storm claim dispute over leaking skylight
19 April 2023
A homeowner who challenged his claim denial after torrential rain damaged his home has won his dispute following an Australian Financial Complaints Authority decision...
INsight podcast: Ilsa and the great escape
19 April 2023
A near miss from Cyclone Ilsa is the main topic of conversation on the latest episode of the Insurance News podcast...
ACCC delays Suncorp bank sale decision until July
18 April 2023
The Australian Competition and Consumer Commission will delay a decision on the sale of Suncorp’s bank to ANZ until late July after seeking extra time to complete an assessment...