Daily
Dual fraud: lawyer calls for policy wording change
06 November 2019
A barrister who helped underwriting agency Dual Australia recover $17.4 million following a major scam says insurers should revise policy wordings that direct victims of fraud to contact police...
ICA suggests extension to PI cladding exemption
05 November 2019
The NSW Government may have to extend the one-year period granted to building practitioners to operate with professional indemnity covers that come with cladding exclusions, according to the Insurance Council of Australia...
Confidence in insurers under threat, ICNZ conference told
05 November 2019
Public confidence in insurers providing appropriate advice and products is under threat, New Zealand Finance Minister Grant Robertson warned today...
Envest backs drone underwriter
05 November 2019
Insurtech investor Envest will partner Precision Autonomy, the developer of an algorithm-driven insurance platform for drones, to expand locally and internationally...
Severe cyclone threat forecast to move south into NSW
01 November 2019
Tropical cyclones will cause devastation further south along the Australian coast and large hail will become a greater risk in parts of NSW and Victoria as temperatures rise, a report released today by IAG and the US National Center for Atmospheric Research says...
Surveyors near breaking point as PI quagmire persists
01 November 2019
One of Queensland’s biggest building certifiers could be forced to put up the shutters if it is unable to secure a new professional indemnity policy as insurers maintain a blanket ban on exemption-free covers...
RACQ Insurance profit hit by Townsville floods
01 November 2019
RACQ Insurance reported earnings of $33.5 million in the year to June 30, down sharply from $64.3 million in the previous corresponding period as weather-related expenses more than doubled...
ICA names new President, approves code
31 October 2019
The Insurance Council of Australia board today appointed Suncorp CEO Insurance Gary Dransfield as President and Chairman as it enters a crucial period following the approval of its new General Insurance Code of Practice...
Class action reform pressures rise as cases soar
31 October 2019
Federal Government Attorney-General Christian Porter is continuing to consider class action reforms as the Australian Industry Group warns increased activity by litigation funders and an explosion in cases presents a “clear and present danger” to the fragile economy...
Suncorp to launch app-based 'mobility' transport cover
31 October 2019
Suncorp is set to roll out an app-powered “mobility insurance” product designed to meet the evolving transportation needs of consumers...
Not for sale: Insurance House blasts buyout bid
30 October 2019
Privately owned national brokerage Insurance House has shut down market speculation on its future, saying efforts to force a sale are not credible...
Qantas flies into car insurance with points lure
30 October 2019
Qantas has entered the car insurance market with policies underwritten by Auto & General and plans to expand into home cover next year as it leverages the appeal of its frequent flyer program...
West takes interim CEO role as Genworth logs 'solid' results
30 October 2019
Genworth Mortgage Insurance Australia announced today a 28.1% rise in third quarter net profit to $25.1 million, taking its overall earnings in the first nine months of the year to $113.2 million...
Court ruling on advice 'could affect brokers'
29 October 2019
A Federal Court decision that found Westpac subsidiaries had breached their licences by offering personal advice to customers may have implications for insurance brokers...
NIBA examines code compliance criticism
29 October 2019
The National Insurance Brokers Association will examine the findings of an independent review that is critical of possible lax approaches to compliance by some firms bound by the code of practice...
Victoria acts on 'phoenix' builders
29 October 2019
The Victorian Government today introduced a bill in Parliament that aims to weed out a common tactic used by unscrupulous builders to escape sanctions for shoddy works...
NSW's insurance Monitor costs taxpayers $11 million
25 October 2019
The NSW Emergency Services Levy Monitor has cost taxpayers almost $11 million since it was established in 2016, insuranceNEWS.com.au can reveal...
Hazards and construction ‘will boost NZ insurance market’
25 October 2019
New Zealand’s high susceptibility to natural hazards and a spending boom in residential and infrastructure construction will force the country’s general insurance market to grow significantly over the next few years...
Vero names risk management winners
25 October 2019
AKD Softwoods and Collins Foods have each won the Vero RM Advancer award for excellence in workers’ compensation and liability risk management...
Extreme hotspots: Queensland most exposed to climate change fallout
24 October 2019
Six local government areas in Queensland top the list of the 10 zones in Australia most vulnerable to destructive weather events linked to climate change...