insuranceNEWS.com.au - Daily

ICA forms US partnership on extreme weather, resilience challenges

Fri, 26 Jul 2024 05:37:14 GMT

Australian insurers and California’s Department of Insurance will work together on common challenges such as disaster resilience and climate risks under a partnership agreement...

NIBA crowns top SA/NT brokers

Fri, 26 Jul 2024 05:37:06 GMT

Pillar Brokerage director Will Laundy has been named this year’s National Insurance Brokers Association broker of the year for SA/NT...

Car owner wins payout despite insurer’s doubts on theft claim

Fri, 26 Jul 2024 05:36:51 GMT

The Australian Financial Complaints Authority has told Insurance Manufacturers of Australia to reimburse a claimant whose car was stolen while parked at a friend’s house...

Vero extends winning streak with Gold Mansfield claims award

Fri, 26 Jul 2024 05:36:40 GMT

Vero won the Gold Mansfield prize for claims excellence for a fifth straight year at an awards ceremony in Sydney last night...

Poor designs led to use of dangerous cladding, agency finds

Thu, 25 Jul 2024 06:35:16 GMT

A review of more than 800 buildings in Victoria has found “substandard” documentation and “widespread misapplication” of regulations contributed to the use of non-compliant cladding materials in apartment blocks...

Insurance versus bank tech comparison unfair, seminar to hear

Thu, 25 Jul 2024 06:25:20 GMT

An Insurance News technology seminar will unpick the criticism that the insurance industry has been slower and more reluctant than its peers to adopt innovative solutions and system change...

Traveller loses dispute after claims history raises alarm

Thu, 25 Jul 2024 06:24:43 GMT

Lloyd’s Australia has won a travel cover dispute after its investigator was unable to substantiate a policyholder’s claim that medical costs were incurred when his daughters fell ill...

Flood probe: insurers criticised over ‘cultural crisis’

Thu, 25 Jul 2024 05:26:09 GMT

Customer advocacy groups have scolded insurers over their efforts to address the “ongoing affordability crisis”, telling today’s flood inquiry hearing in Townsville that profits are being prioritised over consumers...

Property rates post first drop in seven years

Wed, 24 Jul 2024 06:28:20 GMT

Australian property premium rates declined for the first time in more than seven years in the second quarter, easing 4%, according to Marsh's latest commercial index...

Swiss Re Corporate Solutions names new Australia head

Wed, 24 Jul 2024 06:26:01 GMT

Swiss Re Corporate Solutions has named Kevin Bates as country head for Australia and New Zealand, effective from November 4...

Cyclone victims left ‘with nowhere to go’

Wed, 24 Jul 2024 06:11:54 GMT

Far North Queensland community groups and councils outlined concerns with insurers’ responses to Ex-Tropical Cyclone Jasper at today’s flood inquiry hearing in Cairns...

INsight podcast: industry exposure to CrowdStrike outage

Wed, 24 Jul 2024 02:09:16 GMT

Massive disruption caused by the CrowdStrike outage and the implications for insurers are key discussion topics on the latest edition of the Insurance News podcast...

Allianz repeats call for flood pool

Tue, 23 Jul 2024 06:17:54 GMT

Allianz has told a Senate inquiry into the impact of climate risk on premiums that a flood reinsurance pool is the best way to make flood cover affordable for the highest-risk households...

AFCA to adopt recommendations after ‘positive’ review

Tue, 23 Jul 2024 06:16:41 GMT

The Australian Financial Complaints Authority has accepted 12 recommendations made following an independent review of 30 of its determinations...

WTW appoints M&A head for financial lines business

Tue, 23 Jul 2024 06:16:29 GMT

Global broker WTW has appointed Steven Torresan as head of mergers and acquisitions in its financial and executive risks business for Asia-Pacific and Africa...

Owner of rare vehicle loses bid for $122k bump-up on fire payout

Tue, 23 Jul 2024 06:14:30 GMT

A car owner who sought to increase his insurance payout from $78,000 to $200,000 has lost a claims dispute...

NIBA names winning Victoria/Tasmania brokers

Fri, 19 Jul 2024 05:48:51 GMT

National Insurance Brokers owner Abbie Wilson has been named this year’s broker of the year for Victoria/Tasmania...

Liberty Mutual Reinsurance establishes Australian presence

Fri, 19 Jul 2024 05:47:06 GMT

Liberty Mutual Insurance Group’s LM Re has set up a dedicated Australian unit to oversee its portfolio and appointed Aon’s Mark De La Mare to lead the underwriting team based in Sydney...

Agile hires group risk officer

Fri, 19 Jul 2024 05:34:40 GMT

Agile Underwriting Services says Matthew Rowan has joined as group risk and compliance officer...

VBA hands builder record fine over falsified insurance

Fri, 19 Jul 2024 05:20:27 GMT

The Victorian Building Authority has fined Aycon Constructions and its nominee director Seyit Ayranci $250,000 after the business was found to have carried out building work with falsified insurance certificates...