Daily
IAG heads up battery risk study as EV market grows
19 December 2024
IAG will lead a global research project to “debunk misconceptions” about lithium-ion battery fires and establish guidelines for everyday use and storage...
New network offers financial advice for ARs
19 December 2024
A new authorised representative network, repX, is offering members financial advice for their businesses in addition to typical broking-related support services...
Employer fails to show ‘loss’ after wages row
19 December 2024
A real estate agency that underpaid its workers has been told to cover the cost of meeting their wage entitlements itself, after a failed bid to trigger a management liability policy...
Sum insured ‘irrelevant’ in gold necklace dispute
19 December 2024
A man who lost a gold necklace he insured for $31,500 rejected his insurer’s offer to pay him just over $15,000...
ICA makes ‘phased response’ to floods inquiry, code review final report
18 December 2024
The Insurance Council of Australia says it supports 78 recommendations from the federal floods inquiry and the independent review of its code of practice, offering an initial response as it continues to work through more challenging proposals...
PSC owner ends ‘pivotal year’ with US investment deal
18 December 2024
Ardonagh Group says it is “well placed” for more growth after securing an investment from Stone Point Capital, a US private equity firm with more than $US55 billion ($86 billion) of assets under management...
Court rejects proportionate liability defence over building defects
18 December 2024
The High Court has made a key judgment on building defect liability in a dispute involving problems at a North Sydney strata complex...
INsight podcast: ASIC's investigation into Steadfast employees
18 December 2024
ASIC's investigation into the trading of Steadfast shares by two of the group's employees is the main topic of discussion on the latest episode of the Insurance News podcast...
Envest unveils networks leadership
17 December 2024
Envest has announced the leadership team for its network business, which includes Resilium and PSC Network Partners...
Ausure steps in as Brisbane AR principal puts family first
17 December 2024
Ausure will acquire the portfolio of authorised representative CPR Insurance Services as its principal Mandy Cooper takes extended leave and steps back from the business...
Agile launches in London with new marine head
17 December 2024
Agile Insurance Group’s London operations have started underwriting business, the Australian agency announced today...
Australasia Underwriting recruits first casualty chief
17 December 2024
Australasia Underwriting has hired Steve Ross as head of casualty, which is a new role at the businesses...
ASIC examines two Steadfast employees’ share trading
13 December 2024
Steadfast says the corporate regulator has asked it to produce “certain documents and information” related to trading in the company’s shares by two employees...
‘It terrified my child’: insurer TV ads rack up complaints
13 December 2024
Budget Direct’s “Loch Mess” TV commercial has been found in breach of advertising rules, while Youi’s promo comparing shopping for car cover with “Aunty Kate” looking for a boyfriend has avoided censure...
Suncorp joins restoration trade body
13 December 2024
The Restoration Industry Association of Australasia says Suncorp has become an associate member – the first Australian general insurer to join the non-profit trade body...
Judges scrub potato appeal in chip slip lawsuit
13 December 2024
A snack food factory worker’s bid for compensation over a staircase fall has ended after he failed to show he slipped on “potato debris”...
Covid fallout threatens to worsen next pandemic: Lloyd’s
12 December 2024
Lloyd’s says the global economy could lose up to $US41.7 trillion ($65.48 trillion) in a future pandemic based on analysis of past outbreaks including covid, SARS in east Asia and the 1918 flu...
Reinsurance costs dampen hopes for NZ premium relief
12 December 2024
Reinsurance costs are likely to curb premium relief for New Zealanders despite benign weather over the past year, actuarial consultancy Taylor Fry says...
Youi chief joins ICA board
12 December 2024
Nathaniel Simpson has joined the Insurance Council of Australia board as a non-executive director, replacing Chubb’s Peter Kelaher...
Car theft victim wins damage payout despite key mistake
12 December 2024
A policyholder whose car was stolen while he and his wife put away groceries will be covered for his loss despite leaving the ignition key in the vehicle, after the dispute authority found the couple did not recklessly court the theft...