Daily
Strata manager commission axe still likely, CHU chief says
01 April 2025
NSW is becoming more measured in its approach to strata remuneration reforms but the removal of commissions from building managers remains on the cards, CHU Underwriting CEO Kimberley Jonsson has told an investor briefing...
Youi quits Blue Zebra deal, leaves broking channel
01 April 2025
Youi will end its partnership with Blue Zebra after completing a strategic review of its products sold through intermediaries, but the agency says it is close to securing a new underwriter...
MS Amlin taps Aon veteran to run new Sydney office
01 April 2025
Global reinsurer MS Amlin has opened its first branch in Australia and appointed Matt Botfield to lead it...
More dough, please: insurer to pay up after freezer fight
01 April 2025
AIG must cover nearly $250,000 of damage to a pastry dough manufacturer’s freezer room after failing to show its policy excluded the event...
Inquiry backs cyclone pool in final report
28 March 2025
The Joint Select Committee on Northern Australia has published its final report on the operation and implementation of the cyclone reinsurance pool – and urges the federal government to continue supporting the scheme...
Claims farming ban passes NSW parliament
28 March 2025
NSW is a step closer to banning compensation claims farming after the state parliament passed legislation criminalising the “predatory practice”...
Court rejects cover after pig chase porkies
28 March 2025
A farm owner who claimed cover failed to reveal his off-road vehicle flipped and injured a passenger because it hit a pig he was chasing during a night-time hunting trip, a court has found...
Flood-weary Queenslanders face fresh deluge
28 March 2025
More heavy rain is forecast for Queensland this weekend, as the number of councils in the state receiving assistance this disaster season has passed 70...
Storms prompt deadline extension for disaster funding round
27 March 2025
The federal government has extended the application deadline for the next $200 million round of the Disaster Ready Fund due to disruptions caused by Ex-Cyclone Alfred and other severe weather...
Probe continues into NSW government hack
27 March 2025
Cybercrime detectives are investigating a “major data breach” at the NSW Department of Communities and Justice...
AFCA takes lift vandalism payout to another level
27 March 2025
Chubb must pay to replace cables on two lifts in an apartment block after an owners’ corporation successfully argued the damage related to a previously accepted vandalism claim...
INsight podcast: what's behind Steadfast's staffing shake-up?
27 March 2025
The upcoming departure of Steadfast COO Nigel Fitzgerald is the main topic of discussion on the latest episode of the Insurance News podcast...
ICA ‘disappointed’ by federal budget
26 March 2025
The Insurance Council of Australia has criticised last night’s federal budget, noting it contains “no new money” for disaster resilience...
Cyclone pool outlines plan to cover Alfred losses
26 March 2025
The Australian Reinsurance Pool Corporation says it has “comprehensive arrangements” in place to manage claims from storm Alfred, which is on track to be the cyclone pool’s costliest event since it launched in 2022...
AFCA backs insurer over hail claim for ‘dilapidated’ roof
26 March 2025
A homeowner has lost a claim dispute after the complaints authority found hail caused no notable damage to his roof...
RAA turns to Duck Creek for tech overhaul
26 March 2025
South Australian motoring group RAA’s legacy technology for motor and home insurance products will be replaced with Duck Creek’s OnDemand cloud platform...
‘No fights’: Steadfast CEO explains Fitzgerald exit
25 March 2025
Steadfast CEO Robert Kelly says Nigel Fitzgerald was “very much in line” to take over his role when he retires, but the group’s COO has decided running a large publicly listed company is “not in his future”...
Call for claim handler code as ‘unethical few’ threaten image
25 March 2025
Claim intermediaries should develop a code of practice to promote consumer confidence, as the actions of unethical operators tarnish the reputations of those providing fair services, insurance industry compliance specialist Paul Muir says...
Mid-crisis is ‘no time for a chatbot’, dispute authority warns
25 March 2025
Insurance customers in hardship or a crisis such as a flood need “somebody to listen and to respond” rather than a chatbot, the financial services ombudsman says...
Envest buys majority stake in advisory firm
25 March 2025
The Envest Group has acquired a majority stake in fast-growing financial advisory business Wealth Architects...