insuranceNEWS.com.au - Daily

ICA developing policy papers on protection gap and affordability

Fri, 01 Dec 2023 05:35:35 GMT

The Insurance Council of Australia has told a parliamentary committee inquiry into last year’s floods response that it is preparing a series of policy papers that will examine the nation’s “protection gap” and cover affordability...

Honan’s Fluitsma starts new role as Marsh completes acquisition

Fri, 01 Dec 2023 05:08:39 GMT

Marsh has completed the acquisition of Melbourne-headquartered Honan Insurance Group and its CEO Andrew Fluitsma takes up a new role today as Marsh's Pacific Head of Corporate and Commercial...

Collision repairer AMA Group appoints CEO

Fri, 01 Dec 2023 04:56:39 GMT

AMA Group has promoted Mathew Cooper to the role of CEO effective today following a period of leadership changes at the collision repairer...

WA bans motor ‘claims harvesting’ activity

Fri, 01 Dec 2023 04:47:19 GMT

New “claims harvesting” legislation has today been introduced to the WA Parliament that will make it an offence to solicit and receive payments for insurance claims referrals for injuries sustained in car crashes...

Innovative conference aims to build industry understanding

Thu, 30 Nov 2023 05:32:27 GMT

Insurance News will hold its inaugural industry conference in March next year with the aim of providing deeper understanding of the global and national insurance industries...

RACQ hit with $10 million penalty for premium discount failings

Thu, 30 Nov 2023 05:29:53 GMT

The Federal Court has penalised RACQ Insurance $10 million for pricing failures that affected more than 458,000 policyholders, causing them to miss out on some $86.47 million in combined premium discounts they should have received...

Claimant wins collision dispute despite non-disclosure

Thu, 30 Nov 2023 05:14:57 GMT

The director of an automobile service company has won a dispute after his insurer denied a claim for damage to a vehicle driven by one of his employees...

‘This is unusual’: areas burnt in Black Summer already bushfire prone again

Thu, 30 Nov 2023 05:07:12 GMT

Large areas of Queensland, NSW and the NT are at increased risk of bushfire in coming months, the Australasian Fire Authorities Council says, as are some areas of Tasmania, Victoria, SA and WA...

Eastern Australia hit by widespread storms, flooding

Wed, 29 Nov 2023 05:08:32 GMT

Wild weather has swept across eastern Australia, with the NSW State Emergency Service reporting flash flooding, persistent heavy rain continuing in parts of the ACT, Victoria and Queensland and severe thunderstorm warnings issued...

Chubb names new local property manager

Wed, 29 Nov 2023 04:52:31 GMT

Chubb has promoted Adit Witjaksono to the role of Property Manager Australia & New Zealand, replacing Ben McGregor who is relocating to Singapore to take the role of Head of Property APAC and Japan...

Complainant reimbursed after agent mis-sold CCI

Wed, 29 Nov 2023 04:47:28 GMT

A homeowner who was inappropriately sold two consumer credit insurance policies by an insurer's agent has won a refund of the premiums he had paid...

INsight podcast: insurance issues hit the mainstream

Wed, 29 Nov 2023 03:40:47 GMT

Insurance Council CEO Andrew Hall's speech to the National Press Club is the main talking point on the latest Insurance News podcast...

Senate inquiry on retirement system targets insurance outcomes

Tue, 28 Nov 2023 05:19:37 GMT

Terms of reference for a new Senate inquiry on the Australian retirement system include general and life insurance as areas that will be examined...

Injured tiler must repay $90,000 workers' compensation

Tue, 28 Nov 2023 05:16:32 GMT

A Melbourne tiler has been convicted of fraud after he lodged a workers’ compensation claim after sustaining a back injury in September 2019 and received payments until early 2022 while working at a number of properties...

Lismore restaurant wins cover for stormwater inundation

Tue, 28 Nov 2023 05:08:18 GMT

A Lismore pizza store owner whose restaurant was flooded in February last year has won a claims dispute with her insurer after showing the initial inundation was caused by stormwater...

Victoria steps up building insurance enforcement

Tue, 28 Nov 2023 04:30:02 GMT

The Victorian Government has introduced laws into Parliament today to prevent builders accepting deposits under a major domestic contract before they have taken out the required insurance...

ASIC permanently bans former broker Renato De Maria

Fri, 24 Nov 2023 05:15:45 GMT

The Australian Securities and Investments Commission has permanently banned former insurance broker Renato De Maria from providing any financial service...

At least 10 Perth homes destroyed by bushfire

Fri, 24 Nov 2023 05:14:12 GMT

A bushfire has destroyed at least 10 homes north of Perth and emergency warnings remain in place as temperatures are forecast to reach nearly 40 degrees over the weekend...

PSC Insurance Deputy Chairman joins AMA Group board

Fri, 24 Nov 2023 05:10:21 GMT

PSC Insurance Group Deputy Chairman Brian Austin is joining the board of collision repairer AMA Group as an independent non-executive director effective from December 1...

'Selective investigation': AFCA overrules insurer’s fraud allegation

Fri, 24 Nov 2023 04:39:16 GMT

A complainant whose vehicle slipped down a boat ramp into water will be compensated for his losses after a dispute ruling dismissed his insurer’s allegation that the claim was fraudulent...