Business loses dispute over lockdown BI cover

26 May 2022

The Australian Financial Complaints Authority has found in favour of an insurer in a dispute over stock damage and business interruption losses incurred during a covid lockdown...

Swiss Re calls for government subsidies to flood-proof homes

26 May 2022

Swiss Re’s local chief has called on governments to offer subsidies to homeowners so they can afford to pay for flood mitigation measures...

Australian protection gap surges: Aon

25 May 2022

Australia’s insurance protection gap jumped to 57% last year as a result of the diverse range of natural catastrophes that affected the country, Aon says...

P&C premium 'to top $74 billion by 2032'

25 May 2022

Australia’s general insurance market is projected to be worth at least €49.1 billion ($74 billion) by 2032, representing growth of about 3.9% on a compound annual basis over the next 10 years, according to a new report from Allianz...

Man who left 'hidden' key in car loses theft claim dispute

25 May 2022

A man who left his key in his car at the time it was stolen has lost his appeal to the Australian Financial Complaints Authority to have his insurance claim paid...

INsight podcast: new government, new priorities

25 May 2022

The new Labor Federal Government and its approach to the insurance industry is the main topic discussed on the latest Insurance News podcast...

Chances increase for above-average winter rainfall

24 May 2022

Climate drivers in the Pacific and Indian oceans are pointing to an increased chance of above-average winter rainfall in eastern Australia, the Bureau of Meteorology says...

Home premiums rising fast, warns GlobalData

24 May 2022

Home premiums in Australia are rising at the fastest rate in seven years, pushing insurance out of reach for some, a report from analyst GlobalData warns...

'I should, but I haven't': micro businesses oblivious to cyber

24 May 2022

Small businesses with turnover under $10 million a year are largely ignoring cyber risk, adopting a “head in the sand” attitude even as attacks escalate and rapid adoption of technology leaves them exposed, Cameron Research says...

Insured who failed to disclose debt agreement loses claim dispute

24 May 2022

A motorist has lost her claim dispute after she failed to disclose a debt agreement during the renewal of her insurance policy...

ICA stands by outspoken resilience stance on election eve

20 May 2022

As Australians head to the polls tomorrow, the Insurance Council of Australia has made a final plea to politicians to invest in disaster resilience measures, saying that the industry body “needs to be part of the conversation”...

'Heart-breaking': flood claims reaching 'difficult point', says Gallagher

20 May 2022

It’s crunch time for many claims from the devastating east coast flood catastrophe, but some claimants' lack of cover will leave them exposed, broker Gallagher says...

NIBA names Tasmania/Victoria broker award winners

20 May 2022

The National Insurance Brokers Association has named winners of its 2022 broking awards for Tasmania and Victoria...

Insurer fails in attempt to write off vehicle due to its own faulty repairs

20 May 2022

A Queensland driver has won a claim dispute after her insurer sought to have her car written off at current market value - six years after it organised problematic repair work - rather than pay a $14,000 rectification bill...

Steadfast appoints technology chief as CIO departs

19 May 2022

Steadfast has appointed Chris Rouse as EGM of Technology, and announced the departure of CIO Nathan Hillery...

'Pushing down premiums': Greens commit to flood resilience grants

19 May 2022

Homeowners with properties at risk from flood could receive a $20,000 grant as part of a $7.8 billion Greens plan aimed at tackling insurance unaffordability...

Driver wins outstanding parts delay stoush

19 May 2022

A NSW motorist who questioned the roadworthiness of his car after being told to return a rental vehicle and resume driving his own while his insurer’s repairer waited up to six weeks for some outstanding parts has won a claim dispute and been awarded compensation...

Podcast series launches to bring in-depth broker insight

19 May 2022

A new series of podcasts focusing on the detailed findings of Vero’s latest SME Index has been launched...

Chubb appoints new Head of Distribution

18 May 2022

Chubb has appointed Demetra Day as Head of Distribution for Australia and New Zealand, effective from the start of July...

'Walk the talk': insurers urged to lift climate resilience gameplan

18 May 2022

Insurers may not be matching their rhetoric with action when it comes to addressing climate change impact on their business, a report from non-profit financial services body Efma and consultancy Capgemini has found...