Daily
Climate risks causing investment rethink
17 November 2021
Climate issues are challenging insurers to rethink investment strategies, while the search for higher returns is driving a change in risk appetites, global investment firm BlackRock says...
Suncorp finalises list of home repairs partners
17 November 2021
Suncorp has a new panel of builders following a “competitive” tender process to provide quality repairs across all home insurance claims for the next five years, the insurer announced today...
'Implausible': phone records discredit car theft claim
17 November 2021
A driver claiming her burnt out car was stolen and dumped 20km away while she was having a drink and playing the pokies at a hotel with a friend has lost a dispute with her insurer on the basis of fraud...
JLT council class action hearings conclude
16 November 2021
A lengthy class action trial over local government insurance mutuals has concluded in the NSW Supreme Court, but a judgment is not expected for months...
360 Underwriting bolsters executive team
16 November 2021
360 Underwriting Solutions has added three experienced industry executives to its group services division as the business moves into its fifth year of operation...
Victorian practice takes top Resilium award
16 November 2021
Melbourne-based Australian Consolidated Insurance Services has been named Resilium Practice of the Year...
Claimant loses dispute over 'taped-together' car
16 November 2021
A driver whose car was damaged in a collision with a truck has lost a dispute over a claim declined because it was found that screws, tape and possibly glue were holding parts of the vehicle together before the accident...
Motorist who made 50 claims in five years loses claim dispute
12 November 2021
A man who lodged a claim for theft of his Alfa Romeo has lost a dispute after his insurer uncovered scores of undisclosed previous claims, including one declined four years earlier based on fraud...
Nib secures new travel underwriting partner to restart sales
12 November 2021
Nib Holdings will start selling travel insurance again in Australia and New Zealand later this month after securing an underwriting arrangement with new partner Pacific International Insurance, the business announced today...
icare to pay out $38 million after benefit errors
12 November 2021
NSW state insurer icare will pay $38 million in total to 53,000 injured workers who were underpaid benefits and has apologised for the calculation errors that have led to the remediation...
Tower introduces home flood-risk ratings
12 November 2021
Home insurance customers of New Zealand’s Tower will receive a low, medium or high-risk rating for their property, reflecting the potential risk of a flood and the estimated cost of replacing or repairing damage caused by flooding...
Emergency protocols to include insurance responders
11 November 2021
Emergency Management Australia protocol changes have classified insurer disaster personnel as emergency responders and introduced measures to hasten processing of applications to cross borders...
ASIC sets industry levy, responds to rising cost concerns
11 November 2021
The general and life insurance industry is expected to pay a total levy of about $24.702 million to support regulatory work carried out in the last financial year by the Australian Securities and Investments Commission...
Suncorp NZ targets reduced supplier emissions
11 November 2021
Suncorp New Zealand will look to extend a carbon management program that aims to reduce greenhouse gas emissions across its suppliers following a successful pilot...
Mustang owner who hit pole wins $58,000 payout
11 November 2021
A truck driver who lost control of his Ford Mustang and drove into an electricity pole shortly after leaving home for an afternoon haircut has won a large payout following a claim dispute...
NIBA releases revised draft code after 'strong criticism'
10 November 2021
The National Insurance Brokers Association has released a revised draft Code of Practice along with an Independent Reviewers report, after an earlier version was criticised by consumer groups and the compliance committee for not sufficiently raising standards...
AUB may consider international expansion
10 November 2021
AUB Group has flagged that it may explore international opportunities following an improvement program over the past two years that has leveraged scale and created a simpler business...
Insurers not liable if airlines offer full COVID flight credits: AFCA
10 November 2021
Chubb has won a dispute after it declined a claim for the cost of international flights cancelled due to COVID because the airline, which no longer flies to the original destination, offered credit for the full $5610 cost...
INsight podcast: focus on climate change
10 November 2021
The threat of climate change and the industry's part in responding to it is the main topic of discussion in the latest Insurance News podcast...
La Nina holds off for now, but floods still feared
09 November 2021
A La Nina weather system has not yet formed, but the Bureau of Meteorology warns that above average rainfall and flooding could still occur this spring and summer...