Daily
QBE hails performance despite ‘challenging’ natural perils
09 May 2025
QBE says gross written premium grew strongly in the first quarter, while catastrophe costs for the calendar year so far have been driven by US wildfires, Ex-Cyclone Alfred, flooding and storms...
‘Accelerating’ competition defines market
09 May 2025
The Australian commercial insurance market generally tilts in insureds’ favour, driven by plentiful capacity as insurers compete for business, Aon says in a first-quarter review...
AFCA backs cancer claim denial amid diagnosis date doubts
09 May 2025
A travel policyholder who cancelled a holiday in Europe after a cancer diagnosis will not be covered for his losses after failing to show when he first knew of his condition...
Walking, not working: tribunal rejects Pilates teacher’s payout bid
09 May 2025
A fitness instructor who was hit by a cyclist while taking a walk between shifts has been denied a workers’ compensation payout despite arguing she was out exercising to stay “mentally and physically prepared” for her duties...
Rainstorms, Alfred drive up Suncorp perils cost after quiet half
08 May 2025
Suncorp says its natural hazard costs for the financial year so far have reached $1.115 billion, with January storms and Ex-Tropical Cyclone Alfred in March the most expensive events...
Guild reacts to takeover talk, media ‘inaccuracies’
08 May 2025
Guild Insurance has responded to reports it may be an acquisition target by saying it has robust operations and a strong balance sheet, while not ruling out options for the business...
Johns Lyng cops fine over building inspection breaches
08 May 2025
Building services provider Johns Lyng Group has been fined $49,500 for breaching Victoria’s construction notification rules...
Mid-flight hearing loss no accident, authority rules
08 May 2025
An airline passenger who suffered permanent hearing loss caused by pressure changes during a flight has lost a claim dispute with his travel insurer...
ICA chief defends price rises, calls for cross-sector solutions
07 May 2025
The industry faces “a perfect storm” of factors that are driving up premiums, according to Insurance Council of Australia CEO Andrew Hall, who has called for collaboration to ease pressure on customers...
Nib mulls sale of travel cover business
07 May 2025
Listed health insurer Nib Group is considering “strategic options”, including a sale, for its travel insurance arm...
Insurer entitled to hike home premium after ‘data update’
07 May 2025
A homeowner has lost a dispute after his premium soared 50% – because his insurer said new information revealed the property had an increased risk of damage caused by “storm and escape of liquid”...
INsight podcast: what now after Labor landslide?
07 May 2025
Labor's federal election victory and implications for the industry are among the main discussion points on the latest Insurance News podcast...
Credit hire vehicle bill unreasonable, judges rule
06 May 2025
A driver who crashed her car and arranged a replacement vehicle from a credit hire company is not entitled to have the full rental charge covered by the at-fault insured, a court has ruled...
Allianz Trade names next APAC chief
06 May 2025
Allianz Trade says Rodrigo Jimenez will become Asia-Pacific CEO on October 1, overseeing markets including Australia and New Zealand...
Insurer wins row over crash victim’s ‘extremely aggressive’ driving
06 May 2025
A motorist who veered off the road and smashed into a tree has been denied a payout after his insurer showed he was driving recklessly...
Industry aces megaquake, cyber meltdown stress tests
06 May 2025
New Zealand insurers comfortably withstood a stress test simulating a huge earthquake and severe cyber incidents...
Broker code ‘must protect small business clients’
02 May 2025
The next version of the broking code must extend remuneration disclosure obligations to small businesses, its compliance committee says...
Departing minister urges brokers to engage with code review
02 May 2025
Financial Services Minister Stephen Jones has urged brokers to “lean into” their code of practice review and learn from sectors where governments had to step in to resolve issues...
Insurers ‘hastily disclaiming liability’ for Alfred flood damage
02 May 2025
Queensland MP David Lee has questioned insurers’ handling of Ex-Tropical Cyclone Alfred floods after small businesses in his Hervey Bay ward said they faced “diminishing prospects” of having damage claims accepted...
Motor policy ‘doesn’t cover engine not yet in car’
02 May 2025
An insured who claimed after the theft of an engine that was due to be fitted to his 1993 Nissan Skyline has lost a dispute over coverage...