25 November 2020
An Australian man who nearly died after drinking alcohol and taking prescription medication over 13 hours while getting a tattoo during a holiday in Bali has won a claim dispute for medical costs after hotel staff found him collapsed on the floor and he was evacuated back home...
25 November 2020
The Australian Prudential Regulation Authority is moving to align its insurance capital and reporting frameworks with a new accounting standard to avert an extra burden when it takes effect, and is pushing firms to refocus on their preparations following COVID-19 disruptions...
24 November 2020
The Australian Sustainable Finance Initiative, including insurers, banks and super funds, has released a Roadmap that includes support for a net-zero emissions target, as experiences this year highlight the need to better prepare for future risks and shocks...
24 November 2020
A woman who says her ex-partner forged her signature and fled with funds from an insurance payout received for a house fire claim has lost a dispute with QBE...
24 November 2020
Managing customer expectations has become an important part of the insurance industry’s response to post-disaster recovery operations, according to Gallagher Bassett EVP International Jon Winsbury...
24 November 2020
New Zealand insurer Tower today announced that it has entered into a $NZ42.1 million settlement agreement with the Earthquake Commission in relation to “an outstanding receivable” resulting from the 2010/11 Canterbury earthquakes...
20 November 2020
IAG will make an estimated $865 million provision and raise additional capital as a result of the NSW Court of Appeal judgement that found against insurers on business interruption exclusions related to COVID-19 impacts...
20 November 2020
Australia’s property and casualty insurers can expect earnings to be affected in the short-term after the industry lost in the business interruption test case heard last month in the NSW Court of Appeal, S&P Global Ratings said today...
20 November 2020
A man who suffered 89% blindness in his right eye in an accident during a taxi driving shift has won a claim dispute and a $250,000 payout...
20 November 2020
Insurance premium funders have developed an inaugural industry code of practice that will strengthen disclosure obligations and make it easier for customers to compare products...
19 November 2020
The Insurance Council of Australia says it is in discussions over a second business interruption test case, while lawyers warn a class action could be pursued after a NSW Court of Appeal decision yesterday widened the door for potential payments...
19 November 2020
A single mother with three children and limited income has won a $7550 payout after a claim dispute over the theft of her Ford Territory...
19 November 2020
Around half of employees expect to spend more time working from home than they did before the COVID-19 pandemic, yet 56% struggle to maintain a healthy work-life balance while working from home, new MetLife research has found...
19 November 2020
The Supreme Court of New Zealand has upheld a lower court’s ruling to allow a Canterbury quake claim class action against Southern Response to proceed on an “opt out” basis...
18 November 2020
Australia’s property and casualty insurers are still expected to produce “a good, solid return” despite the economic fallout from COVID-19 and a raft of other pressing challenges facing the industry, according to S&P Global Ratings...
18 November 2020
NSW insurer icare is inviting injured workers in the state to come forward and seek assessment if they believe they were underpaid entitlements...
18 November 2020
Underwriting agency Blue Zebra has expanded its offering again with the full launch of its commercial motor product...
18 November 2020
A man who was surprised to find his insurer had cancelled his pet insurance policy when he tried to claim for a veterinary visit has lost a dispute...
17 November 2020
Chubb and other insurers have again maintained The Star Entertainment Group has no grounds to claim for business interruption losses it has allegedly suffered because of COVID-19 trading curbs imposed by governments...
17 November 2020
The Insurance Council of Australia has today welcomed a NSW Government package to rectify combustible cladding, but the state Budget also warns of further rises in the controversial Emergency Services Levy on insurance...