Daily
Bali beer drinker wins claim dispute after near-fatal collapse
25 November 2020
An Australian man who nearly died after drinking alcohol and taking prescription medication over 13 hours while getting a tattoo during a holiday in Bali has won a claim dispute for medical costs after hotel staff found him collapsed on the floor and he was evacuated back home...
APRA steps up action on accounting change
25 November 2020
The Australian Prudential Regulation Authority is moving to align its insurance capital and reporting frameworks with a new accounting standard to avert an extra burden when it takes effect, and is pushing firms to refocus on their preparations following COVID-19 disruptions...
Roadmap targets net-zero emissions by 2050
24 November 2020
The Australian Sustainable Finance Initiative, including insurers, banks and super funds, has released a Roadmap that includes support for a net-zero emissions target, as experiences this year highlight the need to better prepare for future risks and shocks...
QBE exonerated in forged signature claim dispute
24 November 2020
A woman who says her ex-partner forged her signature and fled with funds from an insurance payout received for a house fire claim has lost a dispute with QBE...
Industry urged to manage post-disaster recovery expectations
24 November 2020
Managing customer expectations has become an important part of the insurance industry’s response to post-disaster recovery operations, according to Gallagher Bassett EVP International Jon Winsbury...
Tower announces $40 million earthquake settlement
24 November 2020
New Zealand insurer Tower today announced that it has entered into a $NZ42.1 million settlement agreement with the Earthquake Commission in relation to “an outstanding receivable” resulting from the 2010/11 Canterbury earthquakes...
IAG estimates $865 million BI impact
20 November 2020
IAG will make an estimated $865 million provision and raise additional capital as a result of the NSW Court of Appeal judgement that found against insurers on business interruption exclusions related to COVID-19 impacts...
S&P says potential BI payouts will be 'manageable'
20 November 2020
Australia’s property and casualty insurers can expect earnings to be affected in the short-term after the industry lost in the business interruption test case heard last month in the NSW Court of Appeal, S&P Global Ratings said today...
Taxi driver struck in the eye by a rock wins insurance payout
20 November 2020
A man who suffered 89% blindness in his right eye in an accident during a taxi driving shift has won a claim dispute and a $250,000 payout...
Premium funders release draft of first code of practice
20 November 2020
Insurance premium funders have developed an inaugural industry code of practice that will strengthen disclosure obligations and make it easier for customers to compare products...
ICA in talks on second BI case, class actions flagged
19 November 2020
The Insurance Council of Australia says it is in discussions over a second business interruption test case, while lawyers warn a class action could be pursued after a NSW Court of Appeal decision yesterday widened the door for potential payments...
Insurer wrong to deny claim payment to single mum-of-three
19 November 2020
A single mother with three children and limited income has won a $7550 payout after a claim dispute over the theft of her Ford Territory...
'Remote doesn't equal flexible': poll reveals changing employee expectations
19 November 2020
Around half of employees expect to spend more time working from home than they did before the COVID-19 pandemic, yet 56% struggle to maintain a healthy work-life balance while working from home, new MetLife research has found...
Court rules NZ quake class action can proceed on 'opt out' basis
19 November 2020
The Supreme Court of New Zealand has upheld a lower court’s ruling to allow a Canterbury quake claim class action against Southern Response to proceed on an “opt out” basis...
S&P predicts 'good, solid return' from industry
18 November 2020
Australia’s property and casualty insurers are still expected to produce “a good, solid return” despite the economic fallout from COVID-19 and a raft of other pressing challenges facing the industry, according to S&P Global Ratings...
icare invites workers suspecting underpayment to come forward
18 November 2020
NSW insurer icare is inviting injured workers in the state to come forward and seek assessment if they believe they were underpaid entitlements...
Blue Zebra accelerates with commercial motor product
18 November 2020
Underwriting agency Blue Zebra has expanded its offering again with the full launch of its commercial motor product...
No premium payment, no cover: uninsured dog owner loses dispute
18 November 2020
A man who was surprised to find his insurer had cancelled his pet insurance policy when he tried to claim for a veterinary visit has lost a dispute...
Casino BI lawsuit: insurers hold ground, reject basis for claim
17 November 2020
Chubb and other insurers have again maintained The Star Entertainment Group has no grounds to claim for business interruption losses it has allegedly suffered because of COVID-19 trading curbs imposed by governments...
NSW Budget: action on cladding, but ESL remains
17 November 2020
The Insurance Council of Australia has today welcomed a NSW Government package to rectify combustible cladding, but the state Budget also warns of further rises in the controversial Emergency Services Levy on insurance...