insuranceNEWS.com.au

Flood fears increase as likelihood of rare triple-dip La Nina rises

Tue, 16 Aug 2022 16:16:00 +1000

The Bureau of Meteorology has today issued a La Nina alert, meaning there’s now a 70% chance that the flood-inducing climate driver will develop this year...

ASIC grants relief for business insurance with retail component

Tue, 16 Aug 2022 16:12:00 +1000

Insurers and brokers who offer retail cover as part of bundled commercial insurance contracts have been granted temporary regulatory relief exempting them from certain retail client obligations as set out in the Corporations Act, the corporate regulator announced today...

Insurer CEO announces upcoming retirement

Tue, 16 Aug 2022 16:04:00 +1000

The board of directors at New Zealand’s AA Insurance will recruit a new CEO ahead of the retirement of Chris Curtin in December after 28 years in the top role...

Pet owner loses dispute over hiked premiums

Tue, 16 Aug 2022 15:56:00 +1000

A complainant who sought to have his pet insurance premium reduced after his insurer raised prices by more than 40% has lost his dispute...

IAG has 'good handle' on inflation challenge: CEO

Fri, 12 Aug 2022 16:25:00 +1000

IAG CEO Nick Hawkins says the business has a “good handle” on countering the inflation challenge as the insurer today provided more details of its results for the 2021/22 financial year, after releasing preliminary figures last month...

Significant code breaches jump after ASIC-triggered reviews

Fri, 12 Aug 2022 16:12:00 +1000

Significant breaches of the General Insurance Code of Practice have risen 70% in the past financial year, partly reflecting pricing reviews, an Australian Financial Complaints Authority forum heard today...

Auto & General appoints new Australia CEO

Fri, 12 Aug 2022 16:11:00 +1000

Auto & General has appointed Adam Crane, formerly the head of ME Bank, as its CEO Insurance Australia from next month...

Theft victims win dispute over key left near stolen vehicle

Fri, 12 Aug 2022 15:49:00 +1000

The owners of a stolen 2016 Audi Q7 will have their claim paid after a dispute body overruled their insurer, which had denied the claim arguing the complainants left a key within the “immediate vicinity” of the car at the time of the theft...

QBE half-year profit declines, GWP jumps as rates rise

Thu, 11 Aug 2022 16:27:00 +1000

QBE half-year net profit declined 66% as investment market volatility hit the bottom line, while the company benefitted from a surge in gross written premium underpinned by rate increases...

Dual in $822,000 claims dispute with aged care provider

Thu, 11 Aug 2022 16:19:00 +1000

NSW-based St George Aged Care has filed a suit in the Federal Court to recoup substantial advice fees under a Dual Australia policy after health authorities demanded it appoint an adviser to address compliance failures during a covid outbreak, or risk withdrawal of government subsidies...