Blue Zebra accelerates with commercial motor product
18 November 2020
Underwriting agency Blue Zebra has expanded its offering again with the full launch of its commercial motor product...
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No premium payment, no cover: uninsured dog owner loses dispute
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...
Casino BI lawsuit: insurers hold ground, reject basis for claim
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...
NSW Budget: action on cladding, but ESL remains
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...
CommInsure wins burglary fraud case
17 November 2020
A NSW court has ruled in favour of Commonwealth Insurance in a jewellery theft dispute that centred on whether a hole was cut into a bedroom ceiling from below to make it appear as if burglars had entered from the roof...
Suncorp, EQC agree to settle Canterbury claims cost
17 November 2020
Suncorp announced today it has reached an agreement with New Zealand’s Earthquake Commission to settle cost allocations for claims arising from the 2010 and 2011 Canterbury earthquakes...
Travel insurers must be agile: new Cover-More CEO
13 November 2020
Travel insurer Cover-More CEO Cara Morton, formally announced in the role today, says agility and innovation will be critical in responding to COVID-19 impacts and demands for cover as borders reopen...
Another add-on class action launched against Allianz
13 November 2020
A second class action has been launched against Allianz in relation to allegedly “worthless” add-on insurance, while notices are going out from the Federal Court to hundreds of thousands of Australians today in relation to a separate case against Westpac...
Crash claim denied after theft victim collides with own stolen car
13 November 2020
A man who followed his stolen car after spotting it travelling on the road has had a crash claim denied after insurer Auto & General Services said the accident was the “direct result” of efforts to stop the theft...
ICA leads way with property resilience talks
13 November 2020
Insurers are inviting industry and government leaders and experts in science and finance to a series of roundtable discussions in an effort to kickstart development of national property resilience policies...
Industry set for rebound on hardening commercial rates: Swiss Re
12 November 2020
Property and casualty premiums in Australia and globally are set for a strong rebound in the next two years, underpinned by a continued hardening of commercial rates, Swiss Re says in its latest Sigma report...
Hayne reform package enters Parliament
12 November 2020
Legislation covering Hayne royal commission recommendations for add-on sales, hawking and claims handling has been introduced into Federal Parliament today as part of a broader package which provides more detail around the reforms...
APRA eases culture-targeted pay overhaul
12 November 2020
The Australian Prudential Regulation Authority has revised a proposed remuneration standard aimed at improving corporate culture, after insurers and other financial firms said the plans would have unintended consequences...
ICA board appoints four new directors
12 November 2020
The Insurance Council of Australia board today appointed four directors, and accepted the resignation of outgoing IAG CEO Australia Mark Milliner...
Insurers must prioritise best digital bang for buck
11 November 2020
Insurers are advised to strategically select areas of innovation that will generate maximum payback, with customer experience and distribution likely to offer the greatest returns on investment for local cover providers, consultant Accenture says...
NIBA concerned over icare letter changes
11 November 2020
The National Insurance Brokers Association has taken issue with NSW state insurer icare over proposed changes to letters of appointment used in the workers’ compensation scheme...
Cover Genius partners with Skyscanner to launch COVID-19 travel insurance
11 November 2020
Australian-headquartered global insurtech Cover Genius has teamed up with travel marketplace Skyscanner to introduce “first of its kind” COVID-19 travel insurance, giving cover for sickness and disruption caused by the virus...
AFCA dismisses complaint after life cover premium soars 700%
11 November 2020
An MLC life insurance customer whose premium rose more than 700% in 14 years has lost a dispute after seeking a refund of premiums paid...
AUB lifts earnings outlook, citing 'strong momentum' in Q1
10 November 2020
AUB Group says the business has started the new financial year with “strong momentum”, giving it the confidence to raise its 2020/21 earnings guidance...
UCT reform announcement: ICA fears 'ramifications'
10 November 2020
Treasury has announced plans to outlaw unfair contract terms following a public consultation on ways to improve the existing framework’s protections for small businesses and consumers who sign on to standard form contracts...