Daily
Bushfire research centre wins $88 million funding
24 July 2020
The Bushfire and Natural Hazards Co-operative Research Centre has secured its future with a decade of public funding which the government says will herald a new era of natural hazards research and deliver real outcomes...
UK regulator fires opening salvo against insurers in BI test case
23 July 2020
The Financial Conduct Authority has fired its opening salvo in its business interruption test case against QBE and seven other insurers in the UK High Court...
QBE hones bushfire response using flood mapping tool
23 July 2020
Customer mapping technology developed in-house by QBE after last year's floods in North Queensland was applied to the insurer’s bushfire strategy this year, helping deliver its most efficient natural disaster response yet...
LMI Group aims to grow training business
23 July 2020
Melbourne-based claims management specialist LMI Group is aiming to grow its insurance education business, following its acquisition of Financial Services School this month...
ICA makes 'significant inroads' on climate change
23 July 2020
The Insurance Council of Australia says its stepped-up efforts to manage the impact of climate change on the industry and the nation’s communities has had an encouraging start...
Insurers ‘heading for half billion BI hit’
22 July 2020
Australia’s general insurers could take a $535 million hit on coronavirus-related business interruption claims – and that's assuming all court challenges go the industry’s way...
QBE to report first-half loss as COVID bites
22 July 2020
QBE expects a first half loss of $US750 million ($1.1 billion) including COVID-19 pandemic and natural disaster impacts and has warned on continuing virus-related claims...
Steadfast expects to meet pre-virus earnings guidance
22 July 2020
Steadfast Group says trading conditions remained strong in June, placing the business in pole position to meet the 2019/20 earnings target it was forced to discard because of uncertainties created by the pandemic...
Mansfield Awards presentation set for live webcast
22 July 2020
The unveiling of the 2020 winners of the prestigious Mansfield Awards for claims excellence takes place tomorrow – and you can watch it live...
Opt-in offices: insurers take tentative steps on workplace return
21 July 2020
QBE is allowing staff outside Victoria to “opt-in” to an office return so long as COVID-19 case levels remain low, while Hollard is running a similar “test phase” using volunteers.
AFCA rules worn car tyres fall under policy exclusion
21 July 2020
A complainant whose motor claim was denied by Suncorp because the rear tyres on his car were in poor condition, triggering an exclusion in his policy for vehicles that are not roadworthy, has lost his bid for compensation...
Genworth parent pledges stock to settle Axa court dispute
21 July 2020
US-based Genworth Financial has pledged a portion of its majority shareholding in Genworth Mortgage Insurance Australia to Axa, as part of an agreement to settle a court dispute...
NZ flood claims to benefit from new EQC deal
21 July 2020
An agreement between the New Zealand Earthquake Commission and private insurers that aims to improve handling of flood claims is being triggered for the first time following storms in the north of the country that have been described as the worst in living memory...
'It's not over': QBE holds SME pricing as support continues
17 July 2020
QBE says it has held pricing on SME and commercial motor insurance as it continues to offer support to brokers and clients during the coronavirus pandemic...
BMS hires Aon trio to launch local energy division
17 July 2020
Broker BMS Group has appointed three experts from Aon to create a new energy division in Australia...
NZ agencies set up new peak body with UAC backing
17 July 2020
A group of New Zealand underwriting agencies announced today a new body has been set up to speak for the sector in the country, which has been represented by the Underwriting Agencies Council for the last five years...
WA brokerage expands east after recruiting from Gallagher
17 July 2020
Perth-based broker Mavco Insurance Group is expanding with the addition of a new office in Adelaide which it says will support a growing number of east coast clients...
'Take it or leave it': ISR, General Liability markets 'deteriorate'
16 July 2020
The Fire and Industrial Special Risk and General Liability sectors in Australia are under pressure with large losses and increasing litigation sending rates soaring, according to a second-quarter update from Aon...
Second COVID wave poses insurance risks, says S&P
16 July 2020
The resilience of the global insurance industry will be tested if a second wave of COVID-19 infections leads to economic disruptions that increase asset losses and claims, S&P says...
Finity warns against 'Medicare-style' insurance pricing
16 July 2020
Finity has cautioned against using a Medicare-style pricing model to tackle the growing premium affordability problem facing residents who live in areas that are prone to bushfires...