Daily
Insurance qualifications set for revamp
26 February 2020
Insurance certificates and diplomas are set for change under proposed updates that reflect Hayne royal commission reforms and wider industry transformation...
Steadfast gets a lift from IBNA, Kelly predicts longer rate upturn
26 February 2020
Steadfast remains bullish that earnings this financial year will come in at the top end of its forecast after a strong first-half performance, lifted in part by contributions from Insurance Brokers Network Australia and other acquisitions...
AUB earnings outlook rockets
25 February 2020
AUB has almost doubled its outlook for earnings growth this financial year after its MGA Whittles and BizCover acquisitions and says the deals will unlock further long-term potential within the group...
Negligence finding: brokerage faces big compensation bill
25 February 2020
A Gallagher-owned brokerage which failed to advise a client of a copyright infringement risk must compensate the business for the $250,000 in losses it suffered, the Federal Court of Australia has ruled...
Catastrophe recovery drives Johns Lyng's earnings jump
25 February 2020
Building services provider Johns Lyng today reported a sharp rise in first-half earnings, boosted by the strong pipeline of post-catastrophe recovery work stemming from last year’s Townsville floods and Sydney hailstorm...
4IR will change everything – if only we knew what it meant
21 February 2020
The fourth industrial revolution, also known as 4IR, will transform insurance and other industries, but most executives have at best a basic understanding of what the concept is about...
Ambulance applicant loses travel insurance dispute
21 February 2020
A father who took out travel insurance while his child was being taken to hospital by ambulance and an hour before their flight left for North America won’t have his claim paid...
Coronavirus risk 'outside standard BI cover'
21 February 2020
The SARS outbreak in 2003 contributed to policy changes that will make it difficult now for firms to make coronavirus-related business interruption claims...
AUB buys Bestmark as three-way merger sealed
20 February 2020
AUB Group has bought Bestmark Insurance Brokers from Principal Ian Garbutt and will merge the business with Comsure and Citycover to form Austbrokers’ largest Queensland brokerage...
PSC eyes opportunities as it posts strong first-half growth
20 February 2020
PSC Insurance Group is looking to expand into Asia after the business performed strongly in the December half, buoyed in part by acquisitions it has made over the past few months...
Marsh expands M&A risk services
20 February 2020
Marsh has expanded its private equity and mergers and acquisitions insurance services by forming a tax liability practice aimed at easing corporate clients' regulatory concerns...
10 million home policies throw up 15 risk solutions
19 February 2020
The Insurance Council of Australia is preparing to publish 15 proposals showing how reducing risk to homes from cyclone, flood and bushfire would result in lower insurance premiums...
Triple indemnity? Court settles quake claims dispute
19 February 2020
A dispute over whether the maximum sum insured can be claimed more than once, or for separate events, has been decided by a New Zealand court...
UK regulator says ‘questions remain’ on Lloyd’s
19 February 2020
The Financial Conduct Authority has challenged Lloyd’s and the London Market over their efforts to improve performance as they face increased competition from international rivals...
QBE faces new climate resolution push from activist group
18 February 2020
Climate activist group Market Forces is planning to lodge another shareholder resolution at the upcoming QBE annual general meeting to try to force the insurer to step up its fossil fuel reduction efforts...
Court backs Swiss Re after toxic fire claim rejection
18 February 2020
The Supreme Court of Victoria has ruled in favour of Swiss Re International in a property insurance dispute related to a large industrial fire that sent black smoke over Melbourne...
Lloyd’s on the hook for $235,000 car repair
18 February 2020
Lloyd’s relied on a non-disclosure exclusion to decline cover for damage to a luxury car, but has been ordered by the Australian Financial Complaints Authority to settle the repair bill of more than $235,000...
RAC Insurance told to pay claimant acquitted of car theft
14 February 2020
The Australian Financial Complaints Authority has found in favour of a claimant as his insurer, RAC Insurance, failed to prove he was making a fraudulent claim for losses caused by the theft and arson of his vehicle...
Tower seeks action on public’s ‘dim view’ of industry
14 February 2020
New Zealand insurer Tower says the insurance sector should take clear action to improve its standing following inquiries showing the general public takes 'a dim view' of the industry...
Bushfire claims top Black Saturday losses
14 February 2020
Bushfire losses from this season’s catastrophes have climbed toward $2 billion, an update to Insurance Council of Australia figures today shows...