13 September 2021
The Insurance Council of Australia second business interruption test case is set to conclude this week after hearing arguments relating to disease and prevention of access wordings and how any losses should be calculated if a policy is triggered...
13 September 2021
Theatres that rank amongst Melbourne’s most iconic venues have filed Victorian Supreme Court action against Ansvar Insurance seeking cover for pandemic business interruption losses totalling more than $20 million...
13 September 2021
Independent cluster group Broker Co-op has completed its registration and named its first board of directors...
13 September 2021
More than a quarter of strata premiums went to government taxes such as GST and stamp duties, according to a report commissioned by peak body Strata Community Association...
13 September 2021
Australia’s governments need to put arrangements in place ahead of summer to allow the insurance sector to respond to natural disasters around the country, with current border restrictions hindering movement, the industry has warned...
13 September 2021
Insured losses from storms that left a raft of damage across much of New Zealand in July have reached at least $NZ122 million...
06 September 2021
The Insurance Council of Australia second business interruption case has started in the Federal Court today with a focus on a claim lodged by The Taphouse craft beer bar and restaurant in Townsville...
06 September 2021
Year-on-year premium increases have not been enough to restore profitability in householder insurance, actuarial consultancy Taylor Fry warns in its latest Radar report...
06 September 2021
Allianz, IAG, QBE and Suncorp are among major Australian companies to sign an open letter published in daily newspapers calling for governments to “stay the course” on an agreed pathway out of COVID-19 lockdowns...
06 September 2021
Employees are feeling the emotional toll of lockdowns, with more than two in three struggling to find a balance between work and personal space since the start of the pandemic, according to Allianz Australia...
06 September 2021
The Star Entertainment Group is appealing a Federal Court business interruption decision that found the casino operator was not covered for losses resulting from COVID-19 restrictions...
06 September 2021
Investment consultancy Frontier Advisors says it is time for general insurers in Australia to consider a change in strategy, by stepping up their focus in other asset classes such as unlisted infrastructure to improve investment returns...
06 September 2021
CEO of New Zealand’s Earthquake Commission (EQC) Sid Miller will vacate the role in March...
06 September 2021
Insurers are working to complete urgent repairs and are moving ahead with claims processes amid tight COVID-19 restrictions following severe flooding that hit West Auckland last week...
30 August 2021
The general insurance industry made a net profit after-tax of $1 billion for the year to June 30, according to a regular update from the Australian Prudential Regulation Authority...
30 August 2021
The percentage of subscribers who self-reported code breaches fell to 44% in the 2020/21 financial year from 51% in the prior period, according to the latest report from the Insurance Brokers Code Compliance Committee...
30 August 2021
The Federal Government will fund a COVID-19 vaccine indemnity scheme following consultations with groups including the Insurance Council of Australia, Australian Medical Association and Australian Chamber of Commerce and Industry...
30 August 2021
The Insurance Council of Australia second business interruption test case is set to start next Monday in the Federal Court after it was delayed by a week to allow more time to gather information...
30 August 2021
Expectations for a robust half of mergers & acquisitions in the Asia-Pacific region were frustrated during January-June by a high regulatory bar in some jurisdictions, law firm Clyde & Co says, with prospective acquirers facing higher solvency requirements...
30 August 2021
Motor vehicle thefts fell 15% to 47,803 in the year to June, Australia’s lowest rate of that crime since 2001/02...