insuranceNEWS.com.au - DailyGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auICA developing policy papers on protection gap and affordabilityhttps://www.insurancenews.com.au/daily/ica-developing-policy-papers-on-protection-gap-and-affordabilityhttps://www.insurancenews.com.au/daily/ica-developing-policy-papers-on-protection-gap-and-affordability<p>The Insurance Council of Australia has told a parliamentary committee inquiry into last year&rsquo;s floods response that it is preparing a series of policy papers that will examine the nation&rsquo;s &ldquo;protection gap&rdquo; and cover affordability...</p>Fri, 01 Dec 2023 05:35:35 GMTHonan’s Fluitsma starts new role as Marsh completes acquisitionhttps://www.insurancenews.com.au/daily/honan-s-fluitsma-starts-new-role-as-marsh-completes-acquisitionhttps://www.insurancenews.com.au/daily/honan-s-fluitsma-starts-new-role-as-marsh-completes-acquisition<p>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...</p>Fri, 01 Dec 2023 05:08:39 GMTCollision repairer AMA Group appoints CEOhttps://www.insurancenews.com.au/daily/collision-repairer-ama-group-appoints-ceohttps://www.insurancenews.com.au/daily/collision-repairer-ama-group-appoints-ceo<p>AMA Group has promoted Mathew Cooper to the role of CEO effective today following a period of leadership changes at the collision repairer...</p>Fri, 01 Dec 2023 04:56:39 GMTWA bans motor ‘claims harvesting’ activityhttps://www.insurancenews.com.au/daily/wa-bans-motor-claims-harvesting-activityhttps://www.insurancenews.com.au/daily/wa-bans-motor-claims-harvesting-activity<p>New &ldquo;claims harvesting&rdquo; 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...</p>Fri, 01 Dec 2023 04:47:19 GMTInnovative conference aims to build industry understandinghttps://www.insurancenews.com.au/daily/innovative-conference-aims-to-build-industry-understandinghttps://www.insurancenews.com.au/daily/innovative-conference-aims-to-build-industry-understanding<p>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...</p>Thu, 30 Nov 2023 05:32:27 GMTRACQ hit with $10 million penalty for premium discount failingshttps://www.insurancenews.com.au/daily/racq-hit-with-10-million-penalty-for-premium-discount-failingshttps://www.insurancenews.com.au/daily/racq-hit-with-10-million-penalty-for-premium-discount-failings<p>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...</p>Thu, 30 Nov 2023 05:29:53 GMTClaimant wins collision dispute despite non-disclosurehttps://www.insurancenews.com.au/daily/claimant-wins-collision-dispute-despite-non-disclosure-of-licence-suspensionshttps://www.insurancenews.com.au/daily/claimant-wins-collision-dispute-despite-non-disclosure-of-licence-suspensions<p><span lang="EN-GB">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...</span></p>Thu, 30 Nov 2023 05:14:57 GMT‘This is unusual’: areas burnt in Black Summer already bushfire prone againhttps://www.insurancenews.com.au/daily/this-is-unusual-areas-burnt-in-black-summer-already-bushfire-prone-againhttps://www.insurancenews.com.au/daily/this-is-unusual-areas-burnt-in-black-summer-already-bushfire-prone-again<p>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...</p>Thu, 30 Nov 2023 05:07:12 GMTEastern Australia hit by widespread storms, floodinghttps://www.insurancenews.com.au/daily/eastern-australia-hit-by-widespread-storms-floodinghttps://www.insurancenews.com.au/daily/eastern-australia-hit-by-widespread-storms-flooding<p>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...</p>Wed, 29 Nov 2023 05:08:32 GMTChubb names new local property managerhttps://www.insurancenews.com.au/daily/chubb-names-new-local-property-managerhttps://www.insurancenews.com.au/daily/chubb-names-new-local-property-manager<p>Chubb has promoted Adit Witjaksono to the role of Property Manager Australia &amp; New Zealand, replacing Ben McGregor who is relocating to Singapore to take the role of Head of Property APAC and Japan...</p>Wed, 29 Nov 2023 04:52:31 GMTComplainant reimbursed after agent mis-sold CCIhttps://www.insurancenews.com.au/daily/complainant-reimbursed-after-agent-mis-sold-cci-through-personal-approachhttps://www.insurancenews.com.au/daily/complainant-reimbursed-after-agent-mis-sold-cci-through-personal-approach<p><span lang="EN-GB">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...</span></p>Wed, 29 Nov 2023 04:47:28 GMTINsight podcast: insurance issues hit the mainstreamhttps://www.insurancenews.com.au/daily/insurance-council-ceo-andrew-halls-speech-to-the-national-press-club-is-the-main-talking-point-on-the-latest-insurance-news-podcasthttps://www.insurancenews.com.au/daily/insurance-council-ceo-andrew-halls-speech-to-the-national-press-club-is-the-main-talking-point-on-the-latest-insurance-news-podcast<p>Insurance Council CEO Andrew Hall's speech to the National Press Club is the main talking point on the latest Insurance News podcast...</p>Wed, 29 Nov 2023 03:40:47 GMTSenate inquiry on retirement system targets insurance outcomeshttps://www.insurancenews.com.au/daily/senate-inquiry-on-retirement-system-targets-insurance-outcomeshttps://www.insurancenews.com.au/daily/senate-inquiry-on-retirement-system-targets-insurance-outcomes<p>Terms of reference for a new Senate inquiry on the Australian retirement system include general and life insurance as areas that will be examined...</p>Tue, 28 Nov 2023 05:19:37 GMTInjured tiler must repay $90,000 workers' compensationhttps://www.insurancenews.com.au/daily/injured-tiler-must-repay-over-90-000-compensationhttps://www.insurancenews.com.au/daily/injured-tiler-must-repay-over-90-000-compensation<p>A Melbourne tiler has been convicted of fraud after he lodged a workers&rsquo; compensation claim after sustaining a back injury in September 2019 and received payments until early 2022 while working at a number of properties...</p>Tue, 28 Nov 2023 05:16:32 GMTLismore restaurant wins cover for stormwater inundationhttps://www.insurancenews.com.au/daily/lismore-restaurant-wins-cover-for-stormwater-inundationhttps://www.insurancenews.com.au/daily/lismore-restaurant-wins-cover-for-stormwater-inundation<p><span lang="EN-GB">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...</span></p>Tue, 28 Nov 2023 05:08:18 GMTVictoria steps up building insurance enforcementhttps://www.insurancenews.com.au/daily/victoria-steps-up-building-insurance-enforcementhttps://www.insurancenews.com.au/daily/victoria-steps-up-building-insurance-enforcement<p>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...</p>Tue, 28 Nov 2023 04:30:02 GMTASIC permanently bans former broker Renato De Mariahttps://www.insurancenews.com.au/daily/asic-permanently-bans-former-broker-renato-de-mariahttps://www.insurancenews.com.au/daily/asic-permanently-bans-former-broker-renato-de-maria<p>The Australian Securities and Investments Commission has permanently banned former insurance broker Renato De Maria from providing any financial service...</p>Fri, 24 Nov 2023 05:15:45 GMTAt least 10 Perth homes destroyed by bushfirehttps://www.insurancenews.com.au/daily/at-least-10-perth-homes-destroyed-by-bushfirehttps://www.insurancenews.com.au/daily/at-least-10-perth-homes-destroyed-by-bushfire<p>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...</p>Fri, 24 Nov 2023 05:14:12 GMTPSC Insurance Deputy Chairman joins AMA Group boardhttps://www.insurancenews.com.au/daily/psc-insurance-deputy-chairman-joins-ama-group-boardhttps://www.insurancenews.com.au/daily/psc-insurance-deputy-chairman-joins-ama-group-board<p><span class="ui-provider ee buk bul bum bun buo bup buq bur bus but buu buv buw bux buy buz bva bvb bvc bvd bve bvf bvg bvh bvi bvj bvk bvl bvm bvn bvo bvp bvq bvr" dir="ltr">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</span>...</p>Fri, 24 Nov 2023 05:10:21 GMT'Selective investigation': AFCA overrules insurer’s fraud allegationhttps://www.insurancenews.com.au/daily/selective-investigation-afca-overrules-insurer-s-fraud-allegationhttps://www.insurancenews.com.au/daily/selective-investigation-afca-overrules-insurer-s-fraud-allegation<p><span lang="EN-GB">A complainant whose vehicle slipped down a boat ramp into water will be compensated for his losses after a dispute ruling dismissed his insurer&rsquo;s allegation that the claim was fraudulent...</span></p>Fri, 24 Nov 2023 04:39:16 GMT