Daily
McLardy McShane South East expands
17 September 2020
Specialist divisions in manufacturing and technology have been added to McLardy McShane South East’s Victoria broking operation as it bolsters its presence in those industries...
Overflowing bath claimant wins partial payout
17 September 2020
A man whose bathwater overflowed, causing the ceiling directly under his bathroom to collapse, has been awarded the cost of tile repairs and compensation for stress and inconvenience to the whole family in a claim dispute...
UK court ruling backs BI claimants 'on key issues'
16 September 2020
The UK High Court has ruled against insurers on key points in a business interruption test case brought by the Financial Conduct Authority on behalf of policyholders...
QBE considers UK BI test case appeal
16 September 2020
QBE says it may appeal a UK High Court finding in the COVID-19 business interruption test case...
Simplify & innovate: Suncorp outlines future for products
16 September 2020
Suncorp CEO Steve Johnston says the insurer will need to consider the impact of COVID-19 on household budgets and customer requirements as it also looks to simplify its product range and drive innovation around personalised cover...
Landslide: homeowner wins claim dispute after boulder fall
16 September 2020
A homeowner has been awarded substantial compensation after a boulder collapsed from a sandstone rockface at the back of his house, causing damage to the property...
PSC combines AR networks
15 September 2020
PSC Insurance Group has integrated its two authorised representative networks under one structure to boost efficiencies and provide a clear platform for growth...
Court decision denies access to insurance documents
15 September 2020
A decision made in the Federal Court to deny access to all relevant insurance policies held by a respondent in a motor warranty class action has been described as an “important” outcome for the insurance industry...
Shift towards flood-inducing La Nina continues
15 September 2020
A La Nina weather event is expected to run from next month until at least the end of the year and a negative Indian Ocean Dipole (IOD) could also develop, the Bureau of Meteorology warned today...
Funeral for LMI litigation specialist set for tomorrow
15 September 2020
A funeral service will be held Wednesday afternoon for LMI Legal Director Peter O’Brien, who died suddenly in Sydney at the age of 57...
Extensive review will tackle 'complexity' of financial services laws
11 September 2020
The Federal Government has asked the Australian Law Reform Commission to carry out a three-year review into the legislative framework for corporations and financial services regulation...
Lloyd’s flags $9 billion COVID claims blowout
11 September 2020
Lloyd’s estimates it could pay out up to £5 billion ($9 billion) in pandemic-related claims after the business made a pre-tax loss of £438 million ($771 million) in the six months to June...
Homeowner loses bid for full sum insured after fire
11 September 2020
A man whose home was totally destroyed by fire has lost his effort to reclaim the full sum of $740,250 he insured the house for...
Top brokerages recognised at CBN Awards
11 September 2020
Community Broker Network has presented its annual awards with two brokerages sharing the top corporate honours...
UK regulator announces date for BI test case judgment
10 September 2020
The Financial Conduct Authority says the judgment on the UK’s COVID-19 business interruption test case will be handed down next week...
Avalanche of reforms set to hit, conference told
10 September 2020
An avalanche of legal and regulatory reforms is expected over the next 12 months, delegates to the Community Broker Network virtual conference heard today...
Customer wins dispute over 79% premium spike
10 September 2020
A man has been awarded $207.46, plus interest, after disputing a 79% jump in his annual home and contents insurance premium...
Acquisition boosts AUB’s specialty portfolios: Emmett
10 September 2020
AUB Group says its recent investment in Experien Insurance Services is part of a strategy to grow its specialty portfolio business...
QBE reveals Regan’s severance payout details
09 September 2020
Former QBE Group CEO Pat Regan, who departed the insurer following a probe into his communications with a female employee, will get a severance payout of $310,000 in lieu of a reduced notice period plus statutory leave entitlements...
NSW names new icare chairman in overhaul
09 September 2020
icare Chairman Michael Carapiet will step down later this month and be replaced by former NSW Labor Party leader John Robertson, as the state insurer undergoes an overhaul and the Government fast-tracks a review into its operations and regulation...