Daily
IAG to fight shareholder class action over BI disclosure
02 August 2022
IAG will fight a shareholder class action filed in the Supreme Court of Victoria over its disclosure of potential financial impacts from covid-related business interruption claims made under policies with outdated Quarantine Act wordings...
Envest, Aviso announce 'milestone' investment in brokerage
02 August 2022
Envest-backed Aviso Group has acquired Townsville-based North Queensland Insurance Brokers, in what it describes as a “milestone investment”...
Underinsured driver left with no car and large debt wins dispute
02 August 2022
A single mother who owed her financier more than $40,000 on a written-off car has won a claim dispute and compensation after the ombudsman ruled her insurer gave poor and inadequate advice over the sum insured value at the inception of her policy...
March flood costs pass $5 billion, overtake Cyclone Tracy
29 July 2022
Insured losses from February-March floods that hit Queensland and NSW have climbed to $5.134 billion to be Australia’s second costliest natural catastrophe, only exceeded by Sydney’s 1999 hailstorm...
Consumers 'still in the dark' on cyclone pool savings
29 July 2022
Policyholders are no closer to knowing the impact the cyclone reinsurance pool will have on premiums as key modelling details have still not been released, the Australian Consumers Insurance Lobby says...
Howden announces partnership with Perth broker
29 July 2022
Howden has announced a partnership with Perth-based insurance broker Unicorn Risk Solutions, saying the agreement will further strengthen its presence in WA, nationally and also in the broader Pacific market...
Complainant compensated for widespread storm, mould damage
29 July 2022
A homeowner whose property suffered significant storm damage will be covered for building repairs and mould remediation after a claims dispute was settled partially in her favour...
Aviso Broking announces latest acquisition
28 July 2022
Aviso Broking, which was formed earlier this year, has acquired Macquarie Insurance Brokers in eastern Sydney as it actively pursues expansion plans...
'Season of severe weather': climate index sets record
28 July 2022
Extreme weather conditions including unusually heavy rainfall across the east coast drove the quarterly Australian Actuaries Climate Index to its highest level ever...
Motorist loses bid to remove claim from record
28 July 2022
A motorist who says her insurer misled her into filing a claim for a “not at fault” accident will not be compensated after losing her claims dispute...
Tell us how you're going by completing wellness survey
28 July 2022
Almost 700 readers have taken part in the Insurance News wellness survey - and there's still time to join them...
Claims handling a focus for AFCA, code monitoring
27 July 2022
Claims handling is expected to be a focus this financial year for the Australian Financial Complaints Authority while the issue is also set to be examined as part of code of practice independent monitoring activity...
Cyber insurance premium pool to rise 25% a year: S&P
27 July 2022
The global cyber cover premium pool is set to increase 25% a year, reaching $US22.5 billion by 2025, though profitability in the insurance line will continue to be a challenge, according to a new report from S&P...
Vulnerable tenant compensated for property fire losses
27 July 2022
A tenant will be paid for lost contents after winning a dispute against his insurer, which said he had been uncooperative in relation to the terms of his home contents policy...
INsight podcast: side hustles, claims and complaints
27 July 2022
Running small businesses from home and the impact this can have on home and contents cover is the main topic of discussion on the latest Insurance News podcast...
'Sound' earnings projected for lenders' mortgage insurers: S&P
26 July 2022
Australian lenders’ mortgage insurers are on track to achieve “sound” earnings over the next 2-3 years despite the challenging economic climate and with further interest rate hikes looming on the horizon, S&P Global Ratings says in its latest industry update...
Federal Government to fund Youpla funeral claims
26 July 2022
The Federal Government will cover around $4 million in funeral claim expenses faced by First Nations communities due to the collapse of Youpla and will consider further action regarding the group’s failings...
iPhone 6 owner loses 'top of the range' phone dispute
26 July 2022
A man who sought to have his insurer replace his wrecked iPhone 6 with a “top of the range” phone has lost his claims dispute...
Cover Genius acquires event refund policy provider
26 July 2022
Cover Genius has acquired UK insurtech Booking Protect, which offers refund protection policies alongside live event ticket sales...
IAG reports full-year profit, strengthens liability reserves
22 July 2022
IAG has reported a full-year profit of $347 million, recovering from a year-earlier loss, with the company releasing some business interruption provisions while strengthening commercial liability reserves following claims pressures...