Daily
Insurance chiefs meet politicians over mitigation, affordability
15 November 2019
Insurance company executives met with Assistant Treasurer Michael Sukkar in Townsville today to discuss mitigation measures and the affordability of insurance in northern Australia...
SMEs risking financial ruin: QBE report
15 November 2019
SMEs are risking going out of business through not having the right insurance, but relatively few are seeking advice from brokers, a new QBE report says...
Bushfires: insurers face $100 million losses so far
15 November 2019
Insured losses from the bushfire catastrophe in NSW and Queensland have climbed to $100 million from 900 claims, according to the latest update today from the Insurance Council of Australia...
Travel cover dominates insurance disputes
14 November 2019
Travel claims account for most general insurance disputes since October 1, when the Australian Financial Complaints Authority started naming companies in its rulings...
NSW inquiry lists measures needed to restore builders’ PI
14 November 2019
A NSW Upper House inquiry into the state’s troubled building industry has made 19 suggestions to address the raft of problems that have forced insurers to raise premiums and impose strict exemptions on professionals’ insurance cover...
Growing insurtech announces Bunnings partnership
14 November 2019
Australian insurtech Evari has partnered with Bunnings to offer insurance to more than 700,000 customers...
Bushfires: ICA extends catastrophe zone to Queensland areas
13 November 2019
The Insurance Council of Australia has expanded its bushfire catastrophe zone to include Yeppoon and the Sunshine Coast in Queensland as the state braces for weather conditions to worsen in the coming days...
HDI recruits former Allianz chief
13 November 2019
HDI Global has appointed former Allianz Global Corporate & Specialty Pacific CEO Willem van Wyk to head up its regional market management practice in Australasia and ASEAN...
EQC apologises ‘unreservedly’ for stressing customers
13 November 2019
New Zealand’s Earthquake Commission has formally apologised for “compounding the stress of customers” affected by the devastating Canterbury earthquakes...
NSW bushfires update: insurers expect claims in rush
12 November 2019
The Insurance Council of Australia says the NSW bushfire catastrophe has run up at least $40 million in insured losses, but the figure will rise in coming days as more claims are submitted...
AUB board raises the bar on governance
12 November 2019
AUB Group is stepping up its governance focus to drive a culture of accountability and transparency across its network, Chairman David Clarke told the group’s AGM in Sydney today...
D&O, property leading premiums higher: Marsh
12 November 2019
Surging directors’ and officers’ rates and rising property premiums powered an 18.8% third-quarter jump in Pacific region pricing, while global insurance market gains also gathered pace, Marsh says...
Wind-driven NSW fires threaten properties
08 November 2019
Residents in the New England region and far north coast of NSW have been urged to seek shelter as firefighters battle several blazes that are spreading rapidly in strong and gusty winds...
'Pathetic': Steadfast chief blasts insurers
08 November 2019
Steadfast MD and CEO Robert Kelly gave some insurers a roasting at the New Zealand insurance industry’s annual conference in Auckland this week...
Cover Genius raises $14 million for expansion push
08 November 2019
Sydney-based insurtech Cover Genius has successfully attracted support from US, UK and local investors, raising $US10 million ($14.51 million) in a Series B funding round as it expands to new countries...
Moving on mitigation: insurers could sign premium reduction guarantees
07 November 2019
The Federal and state governments could be given the opportunity to sign a memorandum of understanding with insurers that guarantees premium reductions if certain mitigation measures are carried out...
AFCA names insurers in complaints statistics
07 November 2019
The Australian Financial Complaints Authority has launched an online site that provides data on the performance of individual insurers, in a move designed to increase transparency and assist consumer education...
Former RACQ Insurance boss makes a move
07 November 2019
Insurance group Auto & General today announced that former RACQ Insurance CEO John Myler will join in January as CEO of its Australian business...
NSW Government’s ESL blunder gives insurers a fright
06 November 2019
A note from Revenue NSW caused consternation among insurers after it incorrectly implied they had been over-collecting the Emergency Services Levy...
icare adds GIO to claims management agents
06 November 2019
NSW state insurer icare has reappointed Allianz, EML and QBE and added GIO to provide claims management services for the Treasury Managed Fund workers’ compensation portfolio...