26 August 2020
Suncorp is piloting its new comprehensive car insurance brand Bingle Go in three cities, offering month-to-month, cancel any time policies straight from a smartphone app as well as rewards for less frequent car use...
26 August 2020
The Australian Financial Complaints Authority has made clear in two recent rulings that COVID-19 will not hold up as a valid reason to claim for travel cancellation losses if they don’t meet insurers' contract provisions...
25 August 2020
AUB Group has reported its strongest underlying earnings growth for seven years boosted by rising commercial premiums and acquisitions...
25 August 2020
The NSW Government says it will accept the 76 recommendations of the independent NSW Bushfire Inquiry report, none of which address the issue of underinsurance or the ever-increasing Emergency Services Levy...
25 August 2020
Consumer groups say the Australian Securities and Investments Commission has “watered down” proposed orders tackling add-on insurance sold through caryards, and have criticised delays in measures taking effect...
25 August 2020
RAA Insurance announced today Tom Griffiths will be promoted to CEO, taking over the role on September 1 from David Russell, who will begin his transition to retirement in a supporting role as GM of Services...
21 August 2020
Suncorp today reported full-year net income of $913 million, up from $175 million last year, but acknowledged comparisons are difficult given the divestments of its life business and crash repairer Capital Smart...
21 August 2020
The Star Entertainment Group is planning legal action over a business interruption claim for the shutdown of its casinos following Government-ordered closures earlier this year...
21 August 2020
Infrastructure projects to improve Australia’s resilience to natural disasters should form part of stimulus measures as governments look to help the economy recover from the COVID-19 pandemic, Suncorp says...
21 August 2020
The Australian Securities and Investments Commission announced today legal proceedings have commenced against RI Advice Group over its failure to take proper action to protect against cyber attacks...
20 August 2020
Victoria has extended a ban on evictions and rental increases until the end of the year in a move that has implications for landlord cover that has been adjusted due to the COVID-19 outbreak...
20 August 2020
Axa XL has dismissed speculation that it is pulling back from Australian financial lines, with the insurer confirming that it will continue to provide "best in class" solutions and accept new business...
20 August 2020
The ACT Supreme Court has issued a “special costs order” against IAG after the insurer rejected a $100,000 offer from a plaintiff to settle a car accident claim before the matter went to court for a resolution...
20 August 2020
A cruise passenger from SA who was airlifted by emergency helicopter to the Royal Hobart Hospital after suffering multiple heart attacks has failed to fully recover substantial costs despite being sold inappropriate insurance...
19 August 2020
icare has named Group Executive Don Ferguson as interim CEO and MD while the NSW state insurer begins the hunt for someone to fill the role following the departure of John Nagle...
19 August 2020
The Australian Financial Complaints Authority says a product intervention order proposed for add-on insurance sold with motor vehicles should ensure access to the external disputes body and enforce more compulsory disclosures...
19 August 2020
The National Insurance Brokers Association has named 13 regional finalists who are in the running to compete for the broking sector’s premier recognition, the Stephen Ball Memorial Award...
19 August 2020
Southern Cross Benefits has prevailed in a dispute over its decision to deny a travel claim for losses incurred as a result of COVID-19, citing a pandemic exclusion in the policy...
18 August 2020
Resilium will repay $25 million in loans to Coverforce next year and have more than $8 million in profits returned in arrangements to finalise the reversal of funding and equity transactions related to the authorised representative (AR) network buyout...
18 August 2020
US court rulings have backed insurers in denying COVID-19 business interruption claims due to an absence of direct physical losses, as the industry continues to come under pressure over the issue...