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NSW man fined for working while on injury compensation

01 March 2023

An injured Sydney man has been convicted and fined for “knowingly defrauding” the NSW workers compensation system as he undertook “double dipping” by working as he received benefits from the state insurance scheme...

El Nino indication looms in bureau-watched climate model

28 February 2023

The Bureau of Meteorology says one of the seven international climate models it surveys is indicating a swing to El Nino thresholds may be reached in late autumn following the decay of the current flood-driving La Nina...

'Opportunistic' M&A deals, underwriting agency growth predicted

28 February 2023

Some “opportunistic” merger and acquisition deals may come into play as insurers in Australia review their strategic plans while the local underwriting agency sector is expected to develop further as demand for specialist risk services grows, Clyde & Co says in a new report...

AFCA concerned over level of flood claim complaints

28 February 2023

Disputes with insurers after record floods struck NSW and Queensland a year ago have led to thousands of complaints being lodged at the Australian Financial Complaints Authority from affected policyholders...

QBE measures sense of belonging among staff

28 February 2023

QBE is to take stock of whether its employees feel a sense of belonging at the workplace to help create an inclusive working environment across gender, ethnicity, disability status and LGBTIQ+ identification...

Senate inquiry urged to act on 'unacceptable' insurance woes

24 February 2023

Queensland local governments and the caravan industry have pressed for action to address worsening insurance challenges around rising premiums and coverage limitations in submissions to a Senate inquiry on Australia’s disaster resilience...

NIBA appoints new president

24 February 2023

Gary Okely has been appointed President of the National Insurance Brokers Association after the departure of Dianne Phelan, whose term concluded today...

Industry faces 'balancing act' as costs continue to rise, S&P says

23 February 2023

Australian insurers need to find the right balance as they push ahead with charging higher premiums to manage the impact of higher claims and reinsurance costs, at a time when policyholders are also struggling with living costs, S&P Global Ratings says today in a new report...

INsight feature: deep dive into the cyclone pool

23 February 2023

The government's new cyclone reinsurance pool will have a positive impact on insurance affordability over the long term, the Australian Reinsurance Pool Corporation says...

Steadfast first-half revenue jumps 27%

22 February 2023

Steadfast’s earnings and revenue jumped significantly during July-December, boosted by strength in price and volume and “prudent” acquisitions, including Insurance Brands Australia...

AUB profit jumps, Tysers makes first contribution

22 February 2023

AUB Group says a strong performance across broking and agency operations and a first contribution from the UK Tysers acquisition drove a 52% increase in underlying net profit in the first half...

PSC upgrades earnings outlook as half-year profit grows

22 February 2023

PSC Insurance Group has raised its 2022/23 outlook after the business posted higher first-half earnings, supported by strong contributions from its core Australia broking business, growing UK operations and recent acquisitions...

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