Daily
IAG eyes Queensland growth with $855 million RACQ deal
28 November 2024
IAG says the RACQ Insurance acquisition, announced today, builds on its history with motoring organisations and will open the door to opportunities in the fast-growing Queensland market...
ICA strata action plan targets fee transparency
28 November 2024
The Insurance Council of Australia has pushed for full transparency and disclosure on strata commissions and fees as one of 17 recommendations made in a policy paper released today...
‘More work to do’ as icare reports loss
28 November 2024
The icare nominal insurer workers’ compensation scheme recorded a net loss of $1.877 billion last financial year, hit by an increasing number of psychological injuries...
Buyer denied theft payout over phantom car deal
28 November 2024
A motorist who claimed for the alleged theft of a car he bought from a private seller will not be covered after he could not show he owned the vehicle...
Senate inquiry calls for ACCC premium monitoring role
27 November 2024
The Australian Competition and Consumer Commission should monitor premiums and insurers need to provide greater pricing clarity, a Senate committee inquiry has recommended...
QBE ‘on track’ after positive nine months
27 November 2024
QBE says it has produced “encouraging” results this year, with group-wide renewal premium rate increases of 5.9% in the first nine months and gross written premium growth of 2%...
Suncorp control centre to aid ‘rapid deployment’ in disasters
27 November 2024
Suncorp has opened a high-tech facility that uses aerial imagery and AI-driven damage detection to help disaster response teams “virtually triage” customers...
INsight podcast: learnings from our cyber seminar
27 November 2024
Insights from our half-day cyber seminar are the main topic of discussion on the latest Insurance News podcast...
Court backs Chubb in D&O dispute over ‘bribery’ case
26 November 2024
Chubb has won a $4.5 million directors’ and officers’ claim dispute after a court found the former CEO of fleet hire company Orix failed to disclose knowledge of alleged bribes connected to customers...
Regulator cracks down on workers’ comp underinsurance
26 November 2024
NSW regulators have recovered more than $10 million in workers’ compensation premiums from 81 employers suspected of underdeclaring nearly $450 million in wages...
Laser battle ends in victory for customer
26 November 2024
A beauty salon owner has won her bid to be fully covered for a broken laser machine after her insurer applied an underinsurance clause and only partially covered the loss...
Campsite fined over deadly branch fall
26 November 2024
A Victorian caravan park has been fined $475,000 for failing to keep its workplace safe after a camper was killed by a falling tree branch...
New Zealand industry award winners ‘raise the bar’
22 November 2024
IAG-owned AMI has been crowned general insurance company of the year in New Zealand, while Marsh took top honours in the large broking company category...
Errors and long tails among key cyber threats, seminar hears
22 November 2024
About one in three cyber incidents causing insured losses are the result of human error, a senior actuary told yesterday’s Insurance News cyber seminar...
Claimant wins right to limit access to personal info
22 November 2024
Southern Cross Travel Insurance must continue assessing a travel claim after losing a dispute over a policyholder’s refusal to authorise access to private information...
Dive company fined over ‘horrific’ cylinder explosion
22 November 2024
A Victorian dive company has been fined $40,000 after an exploding scuba cylinder severed an instructor’s leg and caused significant building damage...
No let-up in affordability strain, analysts warn
21 November 2024
Worsening affordability looms as a major test for insurers after they relied mainly on rate increases to drive premium growth, McKinsey & Company says in a global report...
Emerging risks in tech, supply chains front of mind for business
21 November 2024
Technology and artificial intelligence dominate emerging risk concerns for Asia-Pacific businesses, while supply chain worries feature prominently, a WTW report published today finds...
‘Groundbreaking’ mould research prompts reform call
21 November 2024
A project involving Victoria’s building regulators and a leading mould remediation group has produced a set of reform proposals to tackle building moisture problems, after the release of “groundbreaking research”...
Driver’s dune nosedive a ‘genuine mistake’
21 November 2024
A driver who crashed his truck on a sand dune will be covered for his losses after the dispute authority found he did not act recklessly...