Daily
Insurers wind up claims history database
08 March 2024
The Insurance Reference Services claims database – which aimed to help insurers identify disclosure failures or fraud – has been shut down...
‘Keep it going’: insurance leaders hail inclusion gains
08 March 2024
The Insurance Council of Australia today showcased some of the women making an impact in the industry to mark International Women’s Day...
Victoria storm damage passes $100 million
08 March 2024
Almost 20,000 claims have been lodged after storms ripped through Victoria on February 13 and 14 at an estimated cost of $104 million...
Policyholder’s criminal history proves costly
08 March 2024
A driver’s vehicle theft claim will not be paid after his insurer showed he made a misrepresentation by failing to disclose a common assault conviction...
Vero SME index: broker satisfaction soars to new high
07 March 2024
Client satisfaction with brokers is at a record high while cost pressures and tough economic conditions have prompted more businesses to question their coverage, according to the annual Vero SME Insurance Index...
Not just flood: Treasury considers more standard hazard definitions
07 March 2024
Federal Treasury is considering creating more standardised definitions for natural hazards and reforming the standard cover regime...
Chubb names new NZ president
07 March 2024
Chubb has named David Morrow as New Zealand Country President, succeeding Andrew Brooks who left the company last month...
Driver loses claim battle after meth-induced crash
07 March 2024
A driver who said he unknowingly ingested methamphetamine before crashing his car has lost a claim dispute with his insurer...
Insurers on edge over cyber, climate and regulatory slip-ups
06 March 2024
Australian insurers are increasingly stressed, driven by concerns over cyber threats, climate change and challenges from new regulations...
Industry urged to crack down on financial abuse
06 March 2024
Insurers should act to stop perpetrators of financial abuse cancelling policies without victims knowing, the Centre for Women’s Economic Safety says...
‘Watching closely’: ASIC fires warning on claims handling
06 March 2024
The corporate regulator has put insurers on notice over claims handling after another summer of damaging weather events, as the Insurance Council of Australia admits systems are “operating at near capacity”...
INsight podcast: mind the gap
06 March 2024
The gender pay gap is the main topic of discussion for the panel on the latest edition of the Insurance News podcast...
Code committee demands improvement on broker breach reporting
05 March 2024
The Insurance Brokers Code Compliance Committee has again told the industry to raise its game on the monitoring and reporting of breaches...
Sovereign deal helps Mustard spread into personal lines
05 March 2024
Mustard Underwriting and Sovereign Insurance Australia will launch home and contents, landlord and motor products under a new exclusive partnership...
Elderly traveller denied payout after gastro curtails trip
05 March 2024
A traveller who fell ill and returned early from a trip abroad has lost a claims dispute after his insurer argued he was not medically required to end his holiday...
Summer catastrophe losses hit $1.2 billion
05 March 2024
The claims cost of Christmas and New Year floods and Cyclone Jasper has reached $1.2 billion, with 28% of cases already closed, according to the Insurance Council of Australia...
ASIC wins appeal over funeral insurer’s false Indigenous ownership claim
01 March 2024
A funeral insurer misrepresented to Indigenous consumers that the business was owned or managed by Aboriginal people, the Full Federal Court has ruled, overturning an earlier decision...
Insurance among top cyber targets
01 March 2024
Insurance organisations accounted for 9% of 483 reported cyber incidents in the second half of last year, making them the third most targeted industry in Australia...
Parts of NT, WA face increased fire risk
01 March 2024
The Australasian Fire and Emergency Services Authorities Council has released its Seasonal Bushfire Outlook for autumn, with much of the country facing normal fire risk after above average rainfall...
Payout for driver who ‘drank spirits after car crash’
01 March 2024
A driver who crashed his car has won a claim dispute despite recording a blood-alcohol level above the legal limit hours after the accident...