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Law firm clarifies COVID comments after �intense debate�

Wed, 15 Jul 2020 16:36:00 +1000

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...

Insurtech incubator to launch pay-as-you-drive motor product

Wed, 15 Jul 2020 16:10:00 +1000

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...

Gym loses dispute with broker over cyber scam loss

Wed, 15 Jul 2020 15:58:00 +1000

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...

Autumn reprieve after Black Summer, Climate Index shows

Wed, 15 Jul 2020 15:39:00 +1000

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...

Allianz add-on customers sue for 'hundreds of millions'

Tue, 14 Jul 2020 16:21:00 +1000

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...

AFCA rulings tackle alcohol travel exclusions

Tue, 14 Jul 2020 16:08:00 +1000

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...

SA bushfire inquiry boosts ICA reform case

Tue, 14 Jul 2020 16:03:00 +1000

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...

icare warns of virus impact on return-to-work metrics

Tue, 14 Jul 2020 16:00:00 +1000

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...

Life industry faces new pressure over TPD virus measures

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

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...

OnePath Life backed over accidental death dispute

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

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...