Daily
icare selects six workers’ compensation claim service providers
06 October 2022
NSW state-owned insurer icare has selected six claims and injury management service providers following a consultation on changes to improve the performance of the workers’ compensation scheme...
Motor insurers adopt Credit Clear’s at-fault claim system
06 October 2022
ASX-listed Credit Clear says it signed four contracts with car insurance clients last month, entering new agreements with Zurich, Aioi Nissay Dowa and another motor insurance specialist, and expanding an existing relationship with another large insurance group.
Jaguar owner awarded increased payment after flood causes write-off
06 October 2022
The owner of a 2014 Jaguar Roadster that was declared a write-off after flood damage will receive further reimbursement for the loss after partly winning a claims dispute...
NSW declares Warragamba Dam wall raising 'critical'
05 October 2022
The NSW Government today declared a proposal to raise the Warragamba Dam wall by 14 metres as “critical” to the state, saying it would “future-proof” western Sydney from flood risks despite widespread opposition to the measure, including from the insurance industry...
Too many brokers failing to report breaches: code committee
05 October 2022
Too many brokers are still failing to self-report code of practice breaches, the independent body monitoring compliance has warned in an annual report released today...
SIRA censures icare over injured workers' privacy breach
05 October 2022
The NSW State Insurance Regulatory Authority has issued a letter of censure to icare after it disclosed the personal and health information of injured workers through an email attachment sent to the wrong recipients...
INsight podcast: hurricanes, cyber and underinsurance
05 October 2022
Hurricane Ian and the level of damage caused across Florida and other states is the main discussion point on the latest Insurance News podcast...
East coast braces for 'renewed flood risk' as thunderstorms move in
04 October 2022
NSW and Queensland, still saturated from recent floods, face another round of inundation as early as tomorrow after the Bureau of Meteorology today issued a severe weather warning for at-risk areas...
Verisk estimates severe Hurricane Ian losses
04 October 2022
Insured losses from Hurricane Ian have been estimated at $US42-57 billion including impacts after landfalls in both Florida and South Carolina, modelling company Verisk says, making it one of the worst to hit the US...
BOM adds heatwaves to warnings
04 October 2022
The Bureau of Meteorology has introduced a new national warning system for severe or extreme heatwave conditions...
Complainant compensated for cyclone damage to property
04 October 2022
A homeowner whose property was damaged by a cyclone will be reimbursed after a dispute ruling overturned his insurer’s decision to decline to cover what it considered pre-existing damage...
Insurance losses to climb after Hurricane Ian hits Florida
30 September 2022
Hurricane Ian will trigger billions of dollars in catastrophe insurance losses after bringing destructive winds and unprecedented storm surges as it reached the southwest Florida coastline at category four strength...
Flood losses reach $5.45 billion, over half claims closed: ICA
30 September 2022
Insured losses from Australia’s costliest ever flood have reached $5.45 billion from around 234,000 claims, the Insurance Council of Australia said today...
Coverforce names new CEO as Jim Angelis becomes chairman
30 September 2022
Coverforce has appointed Tony Goldsmith as CEO, succeeding Jim Angelis who is taking up a new position as Chairman of the Steadfast-owned brokerage...
Wine-tasting driver with heart condition loses claim dispute
30 September 2022
A motorist who crashed and flipped his vehicle after hitting a parked car has lost his claims dispute as he was well above the legal Blood Alcohol Content limit at the time of the accident...
Flood-hit region facing rising risks: IAG
29 September 2022
The Queensland and NSW region hit by this year’s record flooding faces rising risks from changes in tropical cyclone intensity and behaviour over future decades, research co-authored by IAG’s Natural Perils team shows...
Human factors caused majority of serious truck crashes: NTI study
29 September 2022
Driver error, distraction, fatigue and other human factors now account for 63.5% of serious truck crashes, or nearly two out of every three incidents, heavy motor insurer NTI says in an annual study released today...
'Unseaworthy': claim denied after fatal yacht incident
29 September 2022
A complainant has lost their challenge to overturn a claim denial for a yacht accident that left two dead after the Australian Financial Complaints Authority ruled the insurer was entitled to deny cover for the “unseaworthy” vessel...
ANZIIF reveals New Zealand industry award finalists
29 September 2022
The Australian and New Zealand Institute of Insurance and Finance has announced the finalists for this year’s New Zealand insurance industry awards...
'Covid disruption has not subsided': Allianz warns of workplace fallout
28 September 2022
Allianz Australia has cautioned the worst of the pandemic is not over as long-term disruptions to workplaces around the country are emerging, possibly affecting workers’ compensation claims if left unchecked...