insuranceNEWS.com.au https://www.insurancenews.com.au/ General insurance and financial services news from Australia and around the world en-au admin@insurancenews.com.au Copyright 2021 Not again! La Nina likelihood increases https://www.insurancenews.com.au/daily/not-again-la-nina-likelihood-increases https://www.insurancenews.com.au/daily/not-again-la-nina-likelihood-increases The chances of a flood-inducing La Nina weather system forming this year have risen, just six months after the last such event came to an end...

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Fri, 17 Sep 2021 16:24:00 +1000
Allianz add-on class actions to be combined https://www.insurancenews.com.au/daily/allianz-add-on-class-actions-to-be-combined https://www.insurancenews.com.au/daily/allianz-add-on-class-actions-to-be-combined Two class actions against Allianz Australia over add-on insurance sold through car dealerships are set to be combined following a Victorian Supreme Court decision this week...

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Fri, 17 Sep 2021 16:21:00 +1000
Jarrod Hill starts as IAG intermediated head https://www.insurancenews.com.au/daily/jarrod-hill-starts-as-iag-intermediated-head https://www.insurancenews.com.au/daily/jarrod-hill-starts-as-iag-intermediated-head Jarrod Hill has taken up the role of IAG Intermediated Insurance Australia Group Executive, tasked with improving the performance of the division...

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Fri, 17 Sep 2021 16:19:00 +1000
Landlord claiming COVID is 'civil commotion' loses dispute https://www.insurancenews.com.au/daily/landlord-claiming-covid-is-civil-commotion-loses-dispute https://www.insurancenews.com.au/daily/landlord-claiming-covid-is-civil-commotion-loses-dispute RAA Insurance has successfully argued that its policy term "civil commotion" refers only to something similar to a riot, and not to COVID-19 as a landlord customer insisted during a claim dispute hearing...

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Fri, 17 Sep 2021 16:12:00 +1000
Vero wins Gold Mansfield Award https://www.insurancenews.com.au/daily/vero-wins-gold-mansfield-award https://www.insurancenews.com.au/daily/vero-wins-gold-mansfield-award Vero has won the Gold Mansfield Award for overall excellence in claims handling for a second straight year...

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Thu, 16 Sep 2021 16:06:00 +1000
Insurer falls victim to email scam https://www.insurancenews.com.au/daily/insurer-falls-victim-to-email-scam https://www.insurancenews.com.au/daily/insurer-falls-victim-to-email-scam The local branch of a global insurer wired hundreds of thousands of dollars to fraudsters who sent emails impersonating the company’s CFO, a court has heard...

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Thu, 16 Sep 2021 15:42:00 +1000
Criminal charges filed against CBA over CCI mis-selling https://www.insurancenews.com.au/daily/criminal-charges-filed-against-cba-over-cci-mis-selling https://www.insurancenews.com.au/daily/criminal-charges-filed-against-cba-over-cci-mis-selling The corporate watchdog filed 30 criminal charges in the Federal Court today against Commonwealth Bank of Australia, alleging the lender made “false or misleading representations” to sell consumer credit insurance products...

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Thu, 16 Sep 2021 15:18:00 +1000
IAG ordered to settle vineyard's smoke tainted crop claim https://www.insurancenews.com.au/daily/iag-ordered-to-settle-vineyards-smoke-tainted-crop-claim https://www.insurancenews.com.au/daily/iag-ordered-to-settle-vineyards-smoke-tainted-crop-claim IAG has lost a dispute after it denied a NSW vineyard’s claim for the cost of an unsalvageable grape crop after bushfire, saying the loss was caused by smoke not flames and that its policy only covered loss of quantity, not quality of grape berries...

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Thu, 16 Sep 2021 14:33:00 +1000
BI arguments pressed as test case hearings conclude https://www.insurancenews.com.au/daily/bi-arguments-pressed-as-test-case-hearings-conclude https://www.insurancenews.com.au/daily/bi-arguments-pressed-as-test-case-hearings-conclude Lawyers have put forward final arguments to conclude eight days of hearings in the Insurance Council of Australia second business interruption test case related to COVID-19 cover...

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Wed, 15 Sep 2021 16:27:00 +1000
ICA forum returns in virtual format https://www.insurancenews.com.au/daily/ica-forum-returns-in-virtual-format https://www.insurancenews.com.au/daily/ica-forum-returns-in-virtual-format The Insurance Council of Australia Annual Industry Forum will return next month – in a virtual format...

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Wed, 15 Sep 2021 16:23:00 +1000