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Forced divestment a last resort, Lib senator tells brokers

Thu, 01 May 2025 02:00:23 GMT

Reducing regulation and taking mitigation action are priorities when tackling insurance costs, ahead of any forced break-up of companies, Liberal senator Andrew Bragg told a pre-election breakfast today...

ACCC doubles down on call to end commissions

Thu, 01 May 2025 02:00:16 GMT

The competition regulator has confirmed its stance against broker commissions in a submission to the profession’s code of practice review...

Pizza maker wins compensation over ‘traumatic’ claim process

Thu, 01 May 2025 02:00:09 GMT

A QBE customer identified as vulnerable has won a dispute over the denial of a claim for a fire at his pizzeria, even though five other claims in recent years were not disclosed when applying for his policy...

Envest wraps up Ando deal

Thu, 01 May 2025 01:49:48 GMT

Envest Group has completed its acquisition of a stake in New Zealand underwriting agency Ando Insurance...

UAA, QBE extend capacity agreement

Thu, 01 May 2025 01:35:45 GMT

Steadfast-owned Underwriting Agencies of Australia has renewed its binder agreement with QBE for another 10 years...

Allianz’s new relationship manager focuses on broker priorities

Thu, 01 May 2025 01:35:35 GMT

Pamela Beilby has joined Allianz as national relationship manager in the commercial team...

Arch bolsters PI underwriting with new hire

Thu, 01 May 2025 01:34:07 GMT

Arch Insurance Australia has added to its professional indemnity team, recruiting Relanda Taing as senior underwriter for the northern region...

NIBA to wine and dine young members

Thu, 01 May 2025 01:33:42 GMT

The National Insurance Brokers Association will host a wine and cheese evening for young professionals in Victoria this month...

UAC gears up for Melbourne Market Exchange

Thu, 01 May 2025 00:42:10 GMT

The Underwriting Agencies Council will hold its next Market Exchange in Melbourne on May 13, at the city’s convention and exhibition centre...

Zurich urges public-private solution to climate risks

Wed, 30 Apr 2025 06:25:48 GMT

Zurich has called on governments to prioritise resilience policies and work with the private sector amid escalating natural catastrophe insured losses...

‘No question’ there is market failure: Dutton

Wed, 30 Apr 2025 06:24:50 GMT

Coalition leader Peter Dutton says Australians are facing “astronomical” rises in insurance premiums, creating a huge problem that federal government can help address...

Insurer to meet claimant halfway on ‘slow leak’ damage

Wed, 30 Apr 2025 06:17:59 GMT

A homeowner’s water damage claim will be partially paid after a dispute over coverage for a long-running pipe leak...

INsight podcast: local market continues softening trend

Wed, 30 Apr 2025 04:28:10 GMT

Further falls in commercial rates are the main talking point on the latest episode of the Insurance News podcast...

Flexi-hoses a ‘ticking time bomb’, Suncorp study shows

Tue, 29 Apr 2025 06:08:03 GMT

Burst flexi-hoses are responsible for one in 10 water damage claims lodged with Suncorp and cost an average of more than $27,500 per incident, the insurer says...

Lawyers flag $34 million add-on cover settlement

Tue, 29 Apr 2025 06:07:52 GMT

A car dealerships add-on insurance class action involving Suncorp will be settled for $34 million if a court hearing in June approves the proposed agreement...

AFCA backs insurer’s close call in dispute over ex’s death

Tue, 29 Apr 2025 06:06:50 GMT

A traveller who returned early from a trip when her ex-husband died will not have her costs covered because the man was not considered a “close relative”...

ANZIIF’s in-person annual meeting ‘a chance to reconnect’

Tue, 29 Apr 2025 05:59:08 GMT

The Australian and New Zealand Institute of Insurance and Finance will hold an in-person annual general meeting for the first time since 2019...

Responding to broker feedback

Mon, 28 Apr 2025 23:43:01 GMT

Allianz Learn delivers tailored educational experiences to support brokers in their career.

Finity/Insurance News market update available to download

Mon, 28 Apr 2025 05:00:18 GMT

A free digital copy of a 26-page market update report put together by actuarial consultants Finity and Insurance News can now be downloaded...

Pacific property rates decline 9% in quarter: Marsh

Mon, 28 Apr 2025 04:51:45 GMT

Commercial property rates in the Australia-dominated Pacific region declined 9%, as a slide continued to gather pace, the latest Marsh Global Insurance Market Index shows...