insuranceNEWS.com.au - Daily

Everest regional head named ANZIIF president

Wed, 14 May 2025 06:31:53 GMT

The Australian and New Zealand Institute of Insurance and Finance has named Everest Insurance Asia-Pacific head Scott Leney as president...

Businesses underprepared for ‘sneaky threats’

Wed, 14 May 2025 06:29:30 GMT

Almost one-quarter of Australian businesses rank climate risks such as flood and bushfire as low or medium priorities, an FM survey has found...

Arson-hit property investors overturn fraud allegation

Wed, 14 May 2025 06:29:22 GMT

A property investment group has won a payout for tenant arson after challenging its insurer’s allegation that it fraudulently misrepresented its building’s use when buying cover...

INsight podcast: getting the measure of our new minister

Wed, 14 May 2025 06:28:14 GMT

The appointment of Daniel Mulino as Financial Services Minister is the main discussion point on the latest episode of the Insurance News podcast...

Call to step up security as data breaches soar

Tue, 13 May 2025 06:16:17 GMT

Businesses and government agencies reported 1113 data breaches last year, up by a quarter on 2023 to the highest number since notification became mandatory...

‘Late to the party’: ICA predicts government partnership on weather risk

Tue, 13 May 2025 06:13:29 GMT

Insurance Council of Australia CEO Andrew Hall says “some sort of public/private partnership” is likely as the nation faces up to natural disaster risks and rising premiums...

Industry to lobby new ministers on mitigation, LMI

Tue, 13 May 2025 06:13:06 GMT

The Insurance Council of Australia will press the case for increased flood defence spending with new Financial Services Minister Daniel Mulino and National Emergency Management Minister Kristy McBain, who were sworn in this morning...

Ombudsman sides with claimant in fire fight

Tue, 13 May 2025 06:11:14 GMT

A business has successfully challenged its insurer’s claim denial following a switchboard fire, persuading the financial services ombudsman its loss should be covered...

QBE hails performance despite ‘challenging’ natural perils

Fri, 09 May 2025 05:48:30 GMT

QBE says gross written premium grew strongly in the first quarter, while catastrophe costs for the calendar year so far have been driven by US wildfires, Ex-Cyclone Alfred, flooding and storms...

‘Accelerating’ competition defines market

Fri, 09 May 2025 05:48:20 GMT

The Australian commercial insurance market generally tilts in insureds’ favour, driven by plentiful capacity as insurers compete for business, Aon says in a first-quarter review...

AFCA backs cancer claim denial amid diagnosis date doubts

Fri, 09 May 2025 05:48:08 GMT

A travel policyholder who cancelled a holiday in Europe after a cancer diagnosis will not be covered for his losses after failing to show when he first knew of his condition...

Walking, not working: tribunal rejects Pilates teacher’s payout bid

Fri, 09 May 2025 05:48:02 GMT

A fitness instructor who was hit by a cyclist while taking a walk between shifts has been denied a workers’ compensation payout despite arguing she was out exercising to stay “mentally and physically prepared” for her duties...

Rainstorms, Alfred drive up Suncorp perils cost after quiet half

Thu, 08 May 2025 06:07:20 GMT

Suncorp says its natural hazard costs for the financial year so far have reached $1.115 billion, with January storms and Ex-Tropical Cyclone Alfred in March the most expensive events...

Guild reacts to takeover talk, media ‘inaccuracies’

Thu, 08 May 2025 06:01:38 GMT

Guild Insurance has responded to reports it may be an acquisition target by saying it has robust operations and a strong balance sheet, while not ruling out options for the business...

Johns Lyng cops fine over building inspection breaches

Thu, 08 May 2025 05:09:45 GMT

Building services provider Johns Lyng Group has been fined $49,500 for breaching Victoria’s construction notification rules...

Mid-flight hearing loss no accident, authority rules

Thu, 08 May 2025 03:13:30 GMT

An airline passenger who suffered permanent hearing loss caused by pressure changes during a flight has lost a claim dispute with his travel insurer...

ICA chief defends price rises, calls for cross-sector solutions

Wed, 07 May 2025 06:09:58 GMT

The industry faces “a perfect storm” of factors that are driving up premiums, according to Insurance Council of Australia CEO Andrew Hall, who has called for collaboration to ease pressure on customers...

Nib mulls sale of travel cover business

Wed, 07 May 2025 06:09:40 GMT

Listed health insurer Nib Group is considering “strategic options”, including a sale, for its travel insurance arm...

Insurer entitled to hike home premium after ‘data update’

Wed, 07 May 2025 05:47:59 GMT

A homeowner has lost a dispute after his premium soared 50% – because his insurer said new information revealed the property had an increased risk of damage caused by “storm and escape of liquid”...

INsight podcast: what now after Labor landslide?

Wed, 07 May 2025 04:17:22 GMT

Labor's federal election victory and implications for the industry are among the main discussion points on the latest Insurance News podcast...