Daily
Allianz to join cyclone reinsurance pool by January
22 November 2022
Allianz Australia has become the first insurer to announce that it’s joining the cyclone reinsurance pool, advising that it will transition its householder portfolio into the Federal Government-backed scheme by the start of January...
'No contact': AFCA worried insurers neglecting dispute resolution duty
22 November 2022
There are indications insurers are failing to meet their obligations regarding the resolution of claims disputes, the Australian Financial Complaints Authority says...
'Mature' La Nina rumbles on, as flood claims stack up
22 November 2022
The flood-inducing La Nina weather system continues in the tropical Pacific, as insurance claims continue to roll in...
Homeowners defeat insurer's 'defective construction' exclusion
22 November 2022
Complainants whose home was damaged by a severe storm will be compensated for their losses after a dispute ruling determined that their insurer’s decision to deny cover for the property’s retaining walls was invalid...
'Extremely disappointed': consumer groups push for commissions ban
18 November 2022
Consumer groups say they are “extremely disappointed” with many of the proposals suggested by the Quality of Advice review and have called for a prohibition on life, general and consumer credit insurance commissions and a move away from using disclosure as a way to reduce harm...
Cyclone reinsurance pool savings cut following new analysis
18 November 2022
Estimated premium savings set to be delivered to consumers by the Federal Government’s cyclone reinsurance pool have dropped after recalculations based on new data...
Envest takes majority stake in Sydney marine broker
18 November 2022
Privately held insurance investor Envest has expanded into the marine business, acquiring a majority stake in North Sydney-based Australian Risk Applications...
Playing possum: homeowners lose dispute over collapsed ceiling
18 November 2022
Complainants who say a possum caused their ceiling to collapse will not be covered for their loss after a dispute ruling determined they had not established a valid claim...
'Move to higher ground': minister pledges action on floodplains
17 November 2022
Australia’s Emergency Management Minister has opened the door for a buy-back scheme to be expanded beyond northern NSW and Queensland to other parts of the country, saying moving residents from areas prone to repeated flooding “often ends up actually being more cost-effective”...
BI class actions restart after pause for High Court decision
17 November 2022
Class actions launched over business interruption claim denials during the pandemic are set to restart after the process was put on hold while High Court leave to appeal applications on the industry test case were decided...
Landlords win challenge over meth-contaminated home
17 November 2022
Landlords who had their home contaminated by drugs used by a tenant have partially won their dispute with their insurer over whether further inspections are required at their property...
Landslide dam research 'could save lives'
17 November 2022
New research funded by New Zealand’s Earthquake Commission aims to save lives in West Coast communities by predicting high-hazard zones where landslide dams could cause major flooding...
'Active emergency': ICA declares NSW floods a significant event
16 November 2022
The Insurance Council of Australia has declared a significant event for parts of central-west NSW impacted by severe flooding since Saturday...
Johns Lyng acquires cat repair, strata management businesses
16 November 2022
Johns Lyng Group announced today new business investments of nearly $5.1 million to strengthen its catastrophe repairs and strata management offerings...
AA Insurance appoints new CEO
16 November 2022
Auckland-based Michelle James has been appointed CEO at AA Insurance, effective from February, as Chris Curtin retires from the role after 28 years...
INsight podcast: building on floodplains and flash flooding fears
16 November 2022
Developments on floodplains and the problems being stored up for the future are the main focus of the latest Insurance News podcast...
Disclosure dispute under new duty delivers property owner win
15 November 2022
A property owner who didn’t reveal six previous claims due to her interpretation of a renewal question has won a dispute after the insurer was unable to show she had failed a duty around not making misrepresentations...
'Time of need': NSW towns evacuated; kiwi flood helpers flown in
15 November 2022
Thousands of western NSW residents have evacuated their homes as the Lachlan River neared 11 metres for the first time in decades, while emergency services enlisted support from New Zealand, Singapore and the US to manage the state’s ongoing flooding catastrophe...
Insurance House parent acquires Victorian brokerage
15 November 2022
Insurance Brands Australia has acquired Bendigo-based brokerage Aus Insurance Services, strengthening its presence in the north-western region of Victoria...
BHSI appoints Regional Property Head for Australia and New Zealand
15 November 2022
Berkshire Hathaway Specialty Insurance has announced that Craig Taylor will be its new Regional Head of Property for Australia and New Zealand...