Daily
PSC steps up UK focus with Ensurance UK acquisition
22 July 2022
PSC Insurance Group will acquire the UK operations of fellow ASX-listed firm Ensurance in a deal valued at $8.2 million...
Car theft victim loses unattended vehicle dispute
22 July 2022
A man whose vehicle was stolen as he was unloading luggage at a friend's house will not be covered for losses after a dispute ruling decision went against him...
NIBA names SA/NT broker award winners
22 July 2022
SUREWiSE CEO Heather Blanco and Maxton Account Executive Joseph Cuzzocrea have been crowned SA/NT National Insurance Brokers Association award winners, completing the set of ten 2022 regional finalists who all now go on to compete for national honours...
Industry responds after reports focus on 'side hustle' policy issues
21 July 2022
Insurers have responded to media reports of home and contents policies being cancelled or claims denied on grounds that clients were running income-generating side businesses or hobbies from their properties...
NIBA crowns NSW/ACT broker award winners
21 July 2022
Citadel Insurance Services Director Nicholas Bedggood and DLB Insurance + Risk Solutions MD Dean Bowen have won this year’s National Insurance Brokers Association awards for NSW/ACT, recognising excellence in the broking profession...
Construction stresses driving claims, cover issues: Clyde & Co
21 July 2022
Cost pressures hitting the construction industry are triggering insurance claims and will have implications for reserving levels, policy limits and claims handling, legal firm Clyde & Co says...
'Finish the job': insurer fails in bid to cash-settle incomplete repairs
21 July 2022
Homeowners whose property repair work stopped part way through after their insurer cited a breakdown in the relationship will have the job completed after winning a claims dispute...
AFCA 'concerned' as disasters drive complaints surge
20 July 2022
Flooding, storms and the Victorian earthquake have contributed to a surge in insurance complaints lodged with the Australian Financial Complaints Authority last financial year...
NSW seeks bushfire-resilient solutions with funding scheme
20 July 2022
The NSW Government announced today a $16 million funding program to support the development of “innovative” bushfire-resilient solutions...
'Not enough': owner challenges cover for misplaced diamond
20 July 2022
A woman who filed a claim for a missing diamond from her engagement ring will have limited cover for her loss after a dispute ruling decision...
INsight podcast: Suncorp's bold post-bank ambitions
20 July 2022
The sale of Suncorp's bank and the impact it will have on insurance operations is the key discussion point on the latest Insurance News podcast...
QBE admits pricing promises 'not fully delivered'
19 July 2022
QBE announced today the business is setting aside $US75 million in provision for a customer remediation program after an internal review found “instances” where pricing promises were not “fully delivered” to policyholders...
Australia's 60-year-old fire danger ratings get overhaul
19 July 2022
The Bureau of Meteorology has successfully trialled a new Australian Fire Danger Rating System, which more accurately predicts bushfire threat and is to be fully rolled out before the next fire season...
Claimant denied cover for faulty fireplace blaze
19 July 2022
A homeowner will not receive compensation for fire damage caused by a defective fireplace after losing a claims dispute...
Negative IOD draws near
19 July 2022
A flood-inducing negative Indian Ocean Dipole (IOD) will be declared if thresholds are exceeded for two more weeks, the Bureau of Meteorology warns...
Remaining $150 million capital penalty on Allianz removed
15 July 2022
Allianz Australia has finished working on risk governance weaknesses as part of a court enforceable undertaking, paving the way for the prudential regulator to remove the remaining $150 million additional capital requirement it imposed on the insurer...
Homeowners awarded compensation for botched repairs
15 July 2022
Homeowners whose insurer carried out faulty repairs on their roof and shed will be compensated for their losses after winning a claims dispute...
Pen Underwriting appoints transport team manager
15 July 2022
Pen Underwriting says Alicia Stell has joined as Transport Team Manager with immediate effect, taking over from Jenny Prendergast, who retired last month after 16 years with the business...
Builders warranty eligibility fast-tracked for flood-hit areas
15 July 2022
Eligibility applications for home building compensation insurance will be fast-tracked for five northern NSW local government areas affected by this year’s flooding catastrophe...
NSW court backs city hotel in nightclub claim fight
14 July 2022
The NSW Supreme Court has ruled in favour of the Civic Hotel in a dispute over a public liability claim declined because the policyholder didn’t identify part of the Sydney venue as a nightclub...