insuranceNEWS.com.au https://www.insurancenews.com.au/ General insurance and financial services news from Australia and around the world en-au admin@insurancenews.com.au Copyright 2020 Law firm clarifies COVID comments after ‘intense debate’ https://www.insurancenews.com.au/daily/law-firm-clarifies-covid-comments-after-intense-debate https://www.insurancenews.com.au/daily/law-firm-clarifies-covid-comments-after-intense-debate Sparke Helmore has issued a statement to clarify comments suggesting some Australian insurance businesses will go to the wall as a result of the COVID-19 pandemic...

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Wed, 15 Jul 2020 16:36:00 +1000
Insurtech incubator to launch pay-as-you-drive motor product https://www.insurancenews.com.au/daily/insurtech-incubator-to-launch-pay-as-you-drive-motor-product https://www.insurancenews.com.au/daily/insurtech-incubator-to-launch-pay-as-you-drive-motor-product Insurance incubator Insurtech Gateway Australia has announced plans to introduce a pay-as-you-drive motor product in partnership with a Silicon Valley start-up specialist...

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Wed, 15 Jul 2020 16:10:00 +1000
Gym loses dispute with broker over cyber scam loss https://www.insurancenews.com.au/daily/gym-loses-dispute-with-broker-over-cyber-scam-loss https://www.insurancenews.com.au/daily/gym-loses-dispute-with-broker-over-cyber-scam-loss Coverforce has won a dispute with a gym franchisee who argued insurance policies arranged by the broker should have provided cover for an email scam...

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Wed, 15 Jul 2020 15:58:00 +1000
Autumn reprieve after Black Summer, Climate Index shows https://www.insurancenews.com.au/daily/autumn-reprieve-after-black-summer-climate-index-shows https://www.insurancenews.com.au/daily/autumn-reprieve-after-black-summer-climate-index-shows The nation’s weather largely returned to typical levels in autumn after the Black Summer’s destructive bushfires and storms, but a clear long-term trend towards more frequent extreme weather remains, the latest Australian Actuaries Climate Index reveals...

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Wed, 15 Jul 2020 15:39:00 +1000
Allianz add-on customers sue for 'hundreds of millions' https://www.insurancenews.com.au/daily/allianz-add-on-customers-sue-for-hundreds-of-millions https://www.insurancenews.com.au/daily/allianz-add-on-customers-sue-for-hundreds-of-millions Allianz has been hit with a class action from customers who say they have been sold poor value add-on motor insurance and want “hundreds of millions” in compensation from the insurer...

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Tue, 14 Jul 2020 16:21:00 +1000
AFCA rulings tackle alcohol travel exclusions https://www.insurancenews.com.au/daily/afca-rulings-tackle-alcohol-travel-exclusions https://www.insurancenews.com.au/daily/afca-rulings-tackle-alcohol-travel-exclusions The Australian Financial Complaints Authority has made clear insurers must prove a claimant is under the influence if they are to rely on exclusions for drugs and alcohol contained in standard travel insurance policies...

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Tue, 14 Jul 2020 16:08:00 +1000
SA bushfire inquiry boosts ICA reform case https://www.insurancenews.com.au/daily/sa-bushfire-inquiry-boosts-ica-reform-case https://www.insurancenews.com.au/daily/sa-bushfire-inquiry-boosts-ica-reform-case SA’s independent inquiry into last summer’s bushfires has added momentum to the Insurance Council of Australia’s national campaign to ditch taxes that act as a disincentive against taking out cover...

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Tue, 14 Jul 2020 16:03:00 +1000
icare warns of virus impact on return-to-work metrics https://www.insurancenews.com.au/daily/icare-warns-of-virus-impact-on-return-to-work-metrics https://www.insurancenews.com.au/daily/icare-warns-of-virus-impact-on-return-to-work-metrics NSW state insurer icare says the COVID-19 pandemic and related business disruptions will make it more difficult to achieve targeted 26-week return-to-work timeframes for injured employees...

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Tue, 14 Jul 2020 16:00:00 +1000
Life industry faces new pressure over TPD virus measures https://www.insurancenews.com.au/life-insurance/life-industry-faces-new-pressure-over-tpd-virus-measures https://www.insurancenews.com.au/life-insurance/life-industry-faces-new-pressure-over-tpd-virus-measures The Financial Services Council has responded to a new pressure campaign from consumer advocates who claim life insurers are planning to reintroduce "discriminatory terms" to total and permanent disability covers when the JobKeeper scheme ends in September...

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Mon, 13 Jul 2020 14:31:00 +1000
OnePath Life backed over accidental death dispute https://www.insurancenews.com.au/life-insurance/onepath-life-backed-over-accidental-death-dispute https://www.insurancenews.com.au/life-insurance/onepath-life-backed-over-accidental-death-dispute OnePath Life’s decision not to pay a $100,000 accidental death benefit for a man who died of an infection affecting his heart has been upheld by the Australian Financial Complaints Authority...

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Mon, 13 Jul 2020 14:31:00 +1000