Local
07 October 2024
New Zealand’s High Court has imposed a $NZ6.175 million ($5.59 million) penalty on AA Insurance for failing to apply multi-policy and membership discounts and guaranteed no-claims bonuses, and has warned financial services businesses must be held to high standards...
07 October 2024
New Zealand’s Dunedin City Council has lifted a state of emergency after torrential rain last week caused severe flooding and landslides...
07 October 2024
The financial services sector now scores higher than 11 other industries for its sustainability efforts, Capgemini says...
30 September 2024
Banks are considering calling in or refusing loans on uninsured homes, risking creating “climate ghettos” across the country, an expert told a Senate inquiry into the impact of climate risk on insurance...
30 September 2024
The Insurance Brokers Code Compliance Committee has explained what it expects from the profession after voicing concerns in the past over low or zero breaches from some broking subscribers...
30 September 2024
The general insurance intermediated channel placed about $19.9 billion in premium during the first six months of the year, up from $18.8 billion a year earlier...
30 September 2024
Extreme weather is affecting shipping routes, extending voyage times and increasing risks for insurers, Axa XL marine hull and liabilities underwriter Ben Healey has told this year’s Claims Convention...
30 September 2024
Youi has warned bushfire-prone homeowners to prepare after its research found only half of survey respondents were concerned about the risk...
23 September 2024
The Federal Court has ruled against hearing covid-related business interruption claims involving four insurers as class actions, leaving policyholders to pursue cases individually if they want to proceed...
23 September 2024
Broker commissions have been labelled “a bit of a rort” at a Senate inquiry into the impact of climate risk on insurance premiums...
23 September 2024
Male drivers account for 54% of vehicle accidents, according to an AAMI study of 4.3 million claims from 2014 to last year...
23 September 2024
New Zealand’s Natural Hazards Commission is funding research that could provide detailed modelling for the impacts of volcanic eruptions...
16 September 2024
Consumer groups are pushing for a national inquiry into the strata management sector and a lawyers’ group has called for tougher state-level regulation following last week’s Four Corners program...
16 September 2024
There were 527 data breach notifications in Australia in the six months to June, up 9% compared with the preceding half to the highest half-year figure since 2020...
16 September 2024
A traveller whose luggage was stolen from a bus in Barcelona has won a bid to have her insurer accept her claim...
16 September 2024
Insurance News and Picnic Labs will host a webinar this month examining the risk protection offered by discretionary mutual funds, and how they are sometimes confused with discretionary trusts...
16 September 2024
More than half of New Zealand small businesses are confident in their cybersecurity settings despite an ever-evolving threat landscape, according to insurer AMI...
16 September 2024
Registration is still open for Natural Hazards Research Australia’s “Hazardous” webinar tomorrow...
09 September 2024
Giant listed insurance group Steadfast has entered a trading halt as it prepares to issue a statement in response to allegations published today as part of the ABC’s strata industry exposé...
09 September 2024
The Insurance Council of Australia says it is examining a code of practice independent review report that has proposed more than 100 changes across claims handling, enforcement, assistance for vulnerable consumers and other areas...