Daily
Class actions set for federal inquiry
05 March 2020
A Federal Parliamentary inquiry into class actions will examine factors driving their prevalence, potential impacts on the economy and the role of litigation funders...
Law changes keep heat on troubled D&O market
04 March 2020
Aon has warned that law reforms are throwing up additional risks for the directors’ and officers’ insurance market, while challenging conditions are set to continue indefinitely this year...
Injured Bali scooter rider faces $35,000 bill after claim rejected
04 March 2020
A 25-year-old Bathurst man’s family have slammed his travel insurer after being forced to pay a $35,000 hospital bill when he was seriously injured in a scooter accident in Bali – but the insurer says all customers are made aware of policy exclusions...
NSW brokers forced to arrange ‘sub-optimal’ cover
04 March 2020
High taxes and levies on insurance are forcing NSW brokers into placing “sub-optimal” cover for SME clients, the National Insurance Brokers Association warns...
Polish speaker loses appeal over termite roof collapse
04 March 2020
A Polish homeowner who speaks little English and blamed wind, not termites, for the collapse of his roof has lost an attempt to have QBE pay half the cost of rebuilding the property...
Coronavirus forces conference cancellation, travel restrictions
03 March 2020
The Australasian Institute of Chartered Loss Adjusters has postponed next month’s Asian Claims Convention in Japan due to the ongoing coronavirus outbreak...
Will consumers benefit? Industry expresses doubts over reforms
03 March 2020
Some of the Hayne royal commission’s proposed reforms directed at general insurance may undermine consumers, the industry has warned, urging Treasury to consider amending its draft legislation...
icare acts on performance issues
03 March 2020
NSW state insurer icare has outlined progress in improving its performance following State Insurance Regulatory Authority recommendations and a customer advocate report...
Inside the latest edition of Insurance News magazine
03 March 2020
The insurance industry has often found itself embroiled in controversy following major catastrophes, but not this time. With around 27,000 claims from the devastating bushfires that began in September now nearing $2 billion, the industry’s response has been swift and effective...
icare criticised over return to work data accuracy
28 February 2020
NSW insurer icare has been censured by the State Insurance Regulatory Authority over “data accuracy issues” in relation to return to work rates...
Insurer sued over 'circle of trust' yoga injury
28 February 2020
A woman who fractured her spine during a trust task at a yoga teacher training course has been granted permission to pursue a damages case against Allianz...
Ensurance in talks to sell Australian underwriting arm
28 February 2020
Ensurance is in “advanced stages of negotiation” to dispose of its Australia-focused underwriting business...
Uber drivers hit section 54 dead-end
27 February 2020
Two more Uber drivers have had claims knocked back because they failed to disclose to their insurer that they were using their vehicles for commercial ridesharing services...
Bushfire claim closures at 25%, losses reach $1.99 billion
27 February 2020
The Insurance Council of Australia says a quarter of bushfire home claims have been closed, while total losses have climbed to $1.989 billion...
ASIC says more Hayne referrals warrant criminal action
27 February 2020
Another of the 13 misconduct cases referred to the corporate regulator by the Hayne royal commission has been earmarked for criminal action, as have two case studies...
Blue Zebra confirms five-year deal with Youi
26 February 2020
Underwriting agency Blue Zebra has signed an agreement with a new underwriter after Zurich announced earlier this year that it would cease providing security...
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...