Daily
QBE joins driverless vehicle open-traffic trial
22 February 2019
QBE is providing compulsory third party cover for the first open-traffic driverless vehicle trial in Australia...
Royal commission: Treasurer demands ICA action
21 February 2019
Treasurer Josh Frydenberg has written to the Insurance Council of Australia asking for a prompt response outlining “when and how” members will implement Hayne royal commission recommendations...
Coastal communities brace for cyclone impact
21 February 2019
Parts of southeast Queensland and northern NSW have been placed on cyclone watch, as latest projections suggest Oma will approach the coast this weekend...
Premiums, acquisitions boost PSC revenues
21 February 2019
Higher premiums and acquisitions have driven operational revenue growth at PSC Insurance Group as the company expands in Australia and the UK...
Steadfast’s Kelly commits to commissions fight
20 February 2019
Steadfast CEO Robert Kelly will remain at the company’s helm until the end of 2022 as the broking industry gets ready to put its commissions payment case to a review sparked by the Hayne royal commission...
The next post-Hayne steps are critical, ICA warns
20 February 2019
Finalising the details of Hayne royal commission recommendations will be crucial next steps in responding to the inquiry, Insurance Council of Australia Chairman Richard Enthoven says...
Cyclone alert: weary Queenslanders eye Oma threat
20 February 2019
The Bureau of Meteorology is not ruling out issuing a cyclone watch as Category 2 storm Oma barrels towards the Queensland coast, and could even make landfall in the southern part of the state...
Townsville floods boost ALP’s reform focus
19 February 2019
The Australian Labor Party has drafted legislation to remove the insurance claims handling exemption as it presses the Government to extend Parliamentary sittings and quickly deal with Hayne royal commission recommendations...
32 homes lost as NSW bushfires rage on
19 February 2019
NSW emergency personnel are still working to control bushfires in the state’s north, which have destroyed at least 74,750 hectares and 32 homes...
Former broker jailed on fraud charges
19 February 2019
Former Arthur J Gallagher broker Antonino Gucciardi has been jailed for one year after pleading guilty to fraud charges in the Perth District Court...
Townsville losses rising as insurers reassure flood victims
15 February 2019
Losses from the Townsville floods have risen quickly to at least $606 million as claims continue to pour in...
Cattle deaths: $5 billion loss ‘largely uninsured’
15 February 2019
Devastating flooding in Queensland’s northwest is feared to have killed about 500,000 cattle and left farmers with estimated costs of $5 billion – but most is not covered by insurance...
‘Harsh’ penalties: legislation unleashes ASIC
15 February 2019
The Australian Securities and Investments Commission is to pursue longer prison terms and higher financial penalties for misconduct after key reforms passed the Senate last night...
Townsville businesses ‘not covered for flood’
14 February 2019
Hundreds of business owners in Townsville could face ruin after they chose not to take out flood cover prior to the devastating storms that hit the North Queensland city...
Sydney storm, regulatory costs sink Suncorp earnings
14 February 2019
Suncorp first-half group net profit has fallen 44.7% to $250 million from a year earlier, with the giant insurer blaming the sharp decline on the Sydney hailstorm and unforeseen regulatory costs linked to the Hayne royal commission...
The biggest challenge: keeping up with cyber risk
14 February 2019
The greatest cyber security challenge is simply keeping up with the rapidly evolving threat, Aon said today...
Too small to fail? SMEs underestimate their cyber exposure
13 February 2019
A survey of SMEs released by Chubb today reveals a significant “perception gap” in cyber awareness that is putting businesses at risk...
NSW bushfires destroy homes
13 February 2019
Bushfires have destroyed homes in NSW as they burn out of control across northern parts of the state amid hot, dry and windy conditions...
EQC shake-up: public insurer takes greater share of risk
13 February 2019
New Zealand’s parliament has passed significant changes to the way the Earthquake Commission works – including raising the cap for residential building cover from $NZ100,000 to $NZ150,000.
Johns Lyng launches strata division
12 February 2019
Emergency and insurance building specialist Johns Lyng Group today announced a new strata services division to focus on building and restoration repairs for strata insurers...