Brought to you by:

Local

‘Storm-chasers’ blamed for spike in post-storm claims

15 July 2019

RACQ Insurance’s payouts for damage from a hailstorm in Gympie may reach $50 million – 50% more than was expected – as a result of opportunistic “storm-chasers”...

Read More...

Deferred sales not the answer for all add-ons: Finity

15 July 2019

Actuarial consultant Finity says proposed deferred sales model regulations for add-on insurance should be applied in some areas only, allowing new product design and distribution rules and intervention powers to provide wider protection...

Read More...

Insurer ‘discriminated’ against child sex offender

15 July 2019

A tribunal has ruled NRMA Insurance engaged in discrimination when it rejected a child sex offender’s bid to buy public liability cover for his gardening business...

Read More...

Disputes rise 20% in AFCA’s first half-year

15 July 2019

The Australian Financial Complaints Authority received 7969 general insurance disputes in the six months after its launch last November, up 20% from a year earlier when the Financial Ombudsman Service oversaw external complaints...

Read More...

PI trouble drives hardening NZ market

15 July 2019

Rates in New Zealand are rising, fuelled by external factors including the professional indemnity crisis affecting Australia’s building industry, a Willis Towers Watson market update says...

Read More...

Building code ‘needs rewriting for climate change’

15 July 2019

The next review of the National Construction Code in three years must include climate change provisions, according to the Australian Strategic Policy Institute...

Read More...