Daily
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...
Cyber staff shortage leaving nation exposed
28 September 2022
A huge shortfall of specialist cyber security staff is leaving Australian businesses exposed to cyber attacks, a new report from the Actuaries Institute warns...
ICA offers 'in-principle' support for Quality of Advice changes
28 September 2022
The Insurance Council of Australia has offered in-principle support for Quality of Advice review proposals that it says could lead to “less constrained” interactions with customers...
INsight podcast: Optus and the increasing cyber threat
28 September 2022
The Optus cyber attack and Australia's exposure to cyber criminals is the main topic of conversation on the latest Insurance News podcast...
Consumer groups defend general advice, warn on sales pitches
27 September 2022
Consumer groups have warned a proposal to deregulate general advice would remove protections such as access to independent complaints resolution and sideline the Australian Securities and Investments Commission...
Crawford plans new 'virtual' tech tool for Australian claims business
27 September 2022
Crawford & Company says its Australian operations will soon be using new technology that will speed up claims handling while giving insureds more control during the process until repairs are completed...
'This is who we are': workplaces must resemble modern Australia, Dive In told
27 September 2022
Australian businesses are being shortchanged and stuck at a “very baseline expectation” by limiting cultural diversity in the workplace, attendees at this year’s Dive In have heard...
Insurer liable for swimming pool damaged by roof repairs
27 September 2022
A homeowner will be compensated after a dispute ruling determined that an insurer-appointed repairer damaged her swimming pool while conducting separate repairs on her roof...
Heavy NSW, Queensland rains cause flooding amid wet outlook
23 September 2022
Heavy rainfall has hit NSW and southeast Queensland, causing flooding in areas including the hard-hit Northern Rivers region, as the Bureau of Meteorology says wetter than usual weather is likely to persist through to the end of the year...