Daily
Good coffee trumps wild weather risks for Australians on the move
21 March 2023
Australians looking for new homes are prioritising good coffee and dining options over wild weather and bushfire threats in their new postcodes, IAG-owned NRMA Insurance says in a new report today...
Insurer must pay for tenant's mould-damaged contents
21 March 2023
A tenant who said that she and her family were left homeless due to her insurer’s failure to properly assess mould damage claims has been compensated following an Australian Financial Complaints Authority determination...
Youi appoints Brisbane-based CIO
21 March 2023
Youi has appointed Steve Nichols to the role of CIO, saying his experience leading digital transformation projects in major companies and start-up environments will be invaluable in Australia’s competitive insurance market...
Weekend heatwave, winds spark bushfire fears
17 March 2023
Much of southern Australia will experience extreme heat this weekend, leading to dire bushfire warnings, with some already blazing...
One third of business interruption disputes resolved: AFCA
17 March 2023
About a third of business interruption disputes lodged with the Australian Financial Complaints Authority have been resolved following industry legal test cases related to pandemic cover, Lead Ombudsman Insurance Emma Curtis said today...
Machine operator took $111,000 in workers' comp payments while running own business
17 March 2023
A Victorian machine operator who deceived WorkSafe Victoria into providing him with almost $111,000 in support payments has been ordered to return the money to the workers’ compensation scheme...
Cover-More names new Group CFO
17 March 2023
Zurich-owned travel insurer Cover-More has appointed Justin Sebire as its Group CFO...
'Deeply concerned': AFCA criticises industry as dispute delays spiral
16 March 2023
Rising complaint numbers and a poor industry response is resulting in significant dispute resolution delays, the Australian Financial Complaints Authority says...
ICA seeks extension of disaster resilience funding
16 March 2023
The Insurance Council of Australia has called for the Federal Government to introduce an inflation-indexed rolling 10-year resilience program, building on mitigation spending commitments delivered in the October Budget...
Auckland flood loss estimates top $1.5 billion: Perils
16 March 2023
The New Zealand flood catastrophe that struck Auckland and neighbouring regions from January 27 to February 2 has led to insured losses of around $NZ1.65 billion, according to Swiss catastrophe data firm Perils...
ANZIIF opens nominations for industry awards
16 March 2023
The Australian and New Zealand Institute of Insurance and Finance has opened submissions for this year’s Australian Insurance Industry awards...
Allianz Commercial head named for Australia
15 March 2023
The Allianz Commercial business in Australia will be led by Phuong Ly following changes in global group arrangements that aim to improve the delivery of offerings across large and mid-sized customers...
PetSure gains standalone APRA general insurance licence
15 March 2023
Hollard-owned PetSure has been granted a standalone general insurance licence by the Australian Prudential Regulation Authority in a change the company says will give it greater flexibility and independence to achieve its objectives...
Claimant wins dispute over 'sudden' cracks that appeared after quake
15 March 2023
A restaurant owner has won a claims dispute over “sudden and unexpected” cracks despite being challenged by a ruling on the cause of the damage...
INsight podcast: SME Index shows 'back to brokers' trend
15 March 2023
The latest Vero SME Insurance Index is the main discussion point on the most recent episode of the Insurance News podcast...
El Nino watch issued: 50% chance of event this year
14 March 2023
The Bureau of Meteorology has issued an El Nino watch and says there’s about twice the normal likelihood that the climate influence associated with heatwaves and bushfires could form later this year...
Envest appoints David Ball Chief Investment Officer
14 March 2023
The Envest Group has appointed Macquarie’s David Ball as Chief Investment Officer and has restructured its existing leadership team as it positions for further expansion...
$6.5 billion: catastrophe firm finalises flood losses
14 March 2023
Catastrophe data firm Perils has finalised its loss estimate for the NSW/Queensland flood catastrophe in February/March last year at $6.527 billion...
Terminal cancer patient loses dispute over unpaid policy renewal
14 March 2023
A complainant who lodged a claim for a car accident after her policy expired will not be compensated after a dispute ruling found that her insurer acted appropriately, and did not know that she was suffering from an illness later diagnosed as terminal cancer...
Proposed good advice duty 'vague, poorly defined': consumer groups
10 March 2023
Consumer advocates remain opposed to a proposed “good advice” duty as recommended by the Quality of Advice Review but have indicated one of the suggestions around lengthy compliance statements merits further consideration...