Daily
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...
Climate resilience missing from election debate, MP says
01 May 2025
The lack of discussion about natural disaster resilience has been a “glaring gap” during the federal election campaign, independent MP Zali Steggall told an industry breakfast today...
Director denied payout after ‘champagne-fuelled’ car crash
01 May 2025
A driver who drank at least four glasses of champagne in an hour before crashing a company car has lost a claim dispute after her insurer argued she was “profoundly impaired by alcohol”...
Insurer acts on ‘urgent issue’ of financial elder abuse
01 May 2025
Allianz is examining ways to better support older customers during claims, to prevent financial abuse...
‘Settled weather’ eases flow of NZ storm claims
01 May 2025
IAG New Zealand says the number of significant storm claims fell by more than half in the September-February period, to 2868 from 6712 a year earlier...
Zurich urges public-private solution to climate risks
30 April 2025
Zurich has called on governments to prioritise resilience policies and work with the private sector amid escalating natural catastrophe insured losses...
‘No question’ there is market failure: Dutton
30 April 2025
Coalition leader Peter Dutton says Australians are facing “astronomical” rises in insurance premiums, creating a huge problem that federal government can help address...
Insurer to meet claimant halfway on ‘slow leak’ damage
30 April 2025
A homeowner’s water damage claim will be partially paid after a dispute over coverage for a long-running pipe leak...
INsight podcast: local market continues softening trend
30 April 2025
Further falls in commercial rates are the main talking point on the latest episode of the Insurance News podcast...
Flexi-hoses a ‘ticking time bomb’, Suncorp study shows
29 April 2025
Burst flexi-hoses are responsible for one in 10 water damage claims lodged with Suncorp and cost an average of more than $27,500 per incident, the insurer says...
Lawyers flag $34 million add-on cover settlement
29 April 2025
A car dealerships add-on insurance class action involving Suncorp will be settled for $34 million if a court hearing in June approves the proposed agreement...
AFCA backs insurer’s close call in dispute over ex’s death
29 April 2025
A traveller who returned early from a trip when her ex-husband died will not have her costs covered because the man was not considered a “close relative”...
ANZIIF’s in-person annual meeting ‘a chance to reconnect’
29 April 2025
The Australian and New Zealand Institute of Insurance and Finance will hold an in-person annual general meeting for the first time since 2019...
ICA warns on ‘zombie’ developments as land use reform stalls
24 April 2025
State and local governments must push through land use reforms and stop reapproving decades-old “zombie” developments in flood zones, the Insurance Council of Australia says...
‘Demographic revolution’ to reshape consumer needs
24 April 2025
An ageing population will transform general insurance, with implications for motor, property and liability covers, a report by consultancy Capgemini says...
Mother wins compensation for vulnerability oversight
24 April 2025
The industry ombudsman has told Suncorp to pay a motor policyholder $2500 compensation after it failed to identify her as a vulnerable customer and caused stress through its communications...
INsight podcast: Finity experts discuss our market outlook report
24 April 2025
A special feature podcast takes a deep dive into the Finity/Insurance News INFORM market outlook report, which aims to help insurance professionals adjust to a rapidly softening landscape...