12 July 2021
The Federal Court will hear the Insurance Council of Australia second test case on business interruption cover, along with a related QBE matter, in a hearing scheduled for August 30 to September 8...
12 July 2021
The Financial Rights Legal Centre has released a report highlighting a list of insurance issues faced by consumers who were affected by extreme weather events in the 18-month period to April...
12 July 2021
Former Association of Financial Advisers CEO Philip Kewin has been appointed to the top executive role at the National Insurance Brokers Association...
12 July 2021
The Australian Competition and Consumer Commission has raised the alarm over so-called remote access scams, in which consumers are duped into installing computer software, giving fraudsters access to their devices...
12 July 2021
Consumer advocacy group the Financial Rights Legal Centre says the operating hours of its Insurance Law Service may have to be reduced because of a lack of funding...
12 July 2021
A negative Indian Ocean Dipole, one of the drivers of wetter weather in parts of Australia, is set to form this year potentially increasing the risk of floods and thunderstorms while also having implications for the bushfire season...
05 July 2021
Australian mid-year reinsurance property renewals have seen rate increases of 10-25% where catastrophe losses have been experienced, while the global market seems to be moving towards an equilibrium on terms and conditions, Willis Re says...
05 July 2021
The general insurance industry’s revamped code of practice came into effect last week, with subscribers facing harsher sanctions including penalties of up to $100,000 if they commit significant breaches...
05 July 2021
Plaintiff law firm Gordon Legal has filed two class actions over business interruption claims declined by QBE and Lloyd’s, and says it is investigating actions against other insurers as well...
05 July 2021
The Insurance Council of Australia has welcomed the Federal Government’s announcement of a professional indemnity scheme for healthcare practitioners administering COVID-19 vaccines...
05 July 2021
A major power station loss in Australia and another incident in the US are likely to wipe out what was expected to be an improved annual loss record in the international power market, Willis Towers Watson says...
05 July 2021
Insurers have outlined motor premium rises of up to 6% as COVID-wary commuters shun public transport...
05 July 2021
Johns Lyng Group has been contracted by the Victorian Government to provide clean-up and make-safe works on private properties damaged by storms declared an insurance catastrophe...
28 June 2021
The Insurance Council of Australia is urging small businesses to submit a claim if they believe they have business interruption cover for COVID-19 lockdowns, following Friday’s test case defeat in the High Court...
28 June 2021
The Federal Government’s cyclone reinsurance pool for northern Australia needs an exit strategy, Insurance Council of Australia CEO Andrew Hall told a parliamentary inquiry...
28 June 2021
Solutions to insurance problems faced by companies in the coal sector must be found, as the local fossil fuel remains a key part of the global energy mix and the transition to renewables will take decades, resource industry executives have told a parliamentary inquiry...
28 June 2021
NRMA Insurance received the highest number of severe weather home claims for any autumn this year on Australia’s east coast, and says March-May claims from extreme weather were almost triple the five-year average...
28 June 2021
Zurich-based catastrophe data company Perils has lowered its insured loss estimate for the NSW and Queensland flooding catastrophe in March to $916 million, down from an initial estimate of $1.06 billion last month...
28 June 2021
Credit unions, mutual banks and mutual building societies have stopped selling consumer credit insurance products since September last year, according to the Customer Owned Banking Code Compliance Committee...
28 June 2021
A world-first agreement between New Zealand’s state-owned Earthquake Commission and eight private insurers comes into effect on Wednesday, putting an end to double-handling of natural disaster claims...