Daily
Claimant on JobKeeper payments not covered by loan protection policy
08 April 2021
A complainant who was stood down because of the pandemic and subsequently made an unsuccessful claim for unemployment benefits under his loan protection policy, believing his circumstances fell within the scope of coverage, has lost his bid to have the decision overturned...
Brokerage 'open letter' seeks coal activism rethink
07 April 2021
CRE Insurance Broking, which provides cover for the construction, resources and energy sectors, has highlighted an open letter calling for a rethink on the industry’s response to anti-coal activism as clients struggle to obtain cover...
La Nina over, but 'above average' rainfall could continue
07 April 2021
The La Nina weather system which contributed to severe flooding in NSW and Queensland last month is officially over, the Bureau of Meteorology has announced...
Ardonagh enters US, forms global division
07 April 2021
Ardonagh Group, which bought a key stake in Resilium earlier this year, has made its first US acquisition and formed a division to drive international expansion plans in markets including Australia...
Collapsed ceiling caused by defective workmanship 'not covered'
07 April 2021
A QBE home insurance policyholder who disputed the insurer’s decision to deny his claim for damage caused by the collapse of a section of his house ceiling after windy weather has lost his complaint...
Product withdrawal fears escalate as UCT laws take effect
06 April 2021
Concerns have intensified that insurers may withdraw cover for certain risks due to potential complications arising from the application of unfair contract terms laws to insurance contracts...
Entertainment industry pushes for government-backed BI insurance fund
06 April 2021
Live performers and festival organisers have issued a fresh appeal for a government-backed business interruption insurance scheme, after last week’s cancellation of the Bluesfest event in Byron Bay dealt a new blow to the virus-hit entertainment sector...
Dairy class action turns sour for AIG
06 April 2021
The Federal Court has found against AIG after the insurer argued the company securities part of its policy didn’t cover class action claims related to the Murray Goulburn dairy group...
Make 'overlooked' secondary perils a priority: Swiss Re
06 April 2021
Risk assessment efforts need to be rebalanced to make secondary perils such as severe storms, floods and bushfires a higher priority, Swiss Re’s latest Sigma report warns...
April fools? Email error drama at Insurance News
01 April 2021
Apologies to subscribers who received an insuranceNEWS.com.au email this morning inviting them to subscribe. No, it wasn’t an April Fool’s joke, as some of you suggested...
Auto & General announces CEO exit
01 April 2021
Auto & General local CEO John Myler has resigned after 15 months in the role and a comprehensive search for his replacement will be conducted in coming months...
NIBA CEO set to retire this year
01 April 2021
National Insurance Brokers Association CEO Dallas Booth will retire from the role “later this year” after more than a decade...
Lloyd's reports loss, ups COVID payout estimate by $2 billion
01 April 2021
Lloyd’s suffered an £887 million loss last year and substantially increased its payout estimate for COVID-related claims...
Intermediaries invoiced $14.85 billion in December half
31 March 2021
General insurance intermediaries invoiced about $14.85 billion of premium in the six months to December 31, up from $13.67 billion in the corresponding period a year earlier, according to figures released today by the prudential regulator...
Suncorp flooding claim costs may reach $250 million
31 March 2021
Suncorp says net claims costs related to heavy rainfall and flooding across NSW, southeast Queensland and Victoria are likely to reach $230-250 million based on a preliminary assessment of damage...
Tyre check can reveal claims profile of truck operators: NTI
31 March 2021
The most telling signal for how often a heavy transport vehicle operator is likely to claim, and how costly claims will be, is the condition of the fleet’s tyres, an ambitious study examining ten key truck maintenance requirements concludes...
INsight podcast: Suez Canal blockage adds to reinsurer woes
31 March 2021
The grounding of the massive container ship Ever Given in the Suez Canal provided the central discussion point for this week’s Insurance News podcast...
Flooding catastrophe to hit earnings: AM Best
30 March 2021
The flooding catastrophe in NSW and southeast Queensland will put pressure on insurers’ underwriting results and dampen earnings this year, AM Best says...
Ardonagh sees expansion ‘at pace’
30 March 2021
UK-based Ardonagh Group, which this year bought a majority stake in Australian authorised representative network Resilium, has outlined plans to pursue growth opportunities as it builds on acquisitions over the past year...
Suez Canal blockage could result in ‘large loss event’
30 March 2021
Fitch Ratings has warned the reinsurance industry faces a “large loss event” from the blockage in the Suez Canal after the colossal Ever Given container ship ran aground about a week ago, closing access to one of the world’s most vital waterways for global trade...