insuranceNEWS.com.au - Daily

NSW braces for heavy rain, ‘vigorous winds’ as weather worsens

Tue, 01 Jul 2025 06:35:21 GMT

Severe weather in NSW is expected to intensify, with coastal regions facing destructive wind and flash flooding, state Emergency Services Minister Jihad Dib says...

Stone Point strengthens Ardonagh growth plans

Tue, 01 Jul 2025 06:35:15 GMT

US private equity firm Stone Point Capital has completed a $US2.5 billion ($3.8 billion) investment in Ardonagh, positioning the majority owner of Australia’s Envest for further growth...

Industry urged to adapt fast as new prudential rule begins

Tue, 01 Jul 2025 06:35:06 GMT

Insurers need an “entirely new mindset” to comply with CPS 230, the new prudential standard that takes effect today...

Cruise cancellation payout small but fair, AFCA finds

Tue, 01 Jul 2025 05:17:34 GMT

Travel policyholders who wanted a payout for the full cost of a cancelled cruise have lost a dispute with their insurer, which successfully showed their coverage was limited...

Clearlake flags more deals after buying NSW broker

Fri, 27 Jun 2025 06:06:00 GMT

Clearlake Insurance Brokers will buy Logan Insurance Brokers, creating a business with more than $200 million gross written premium...

Ex-Hollard chair, CGU chief to head Suncorp board

Fri, 27 Jun 2025 06:05:00 GMT

Duncan West will become chairman at Suncorp when Christine McLoughlin retires after a decade on the board...

Lamborghini owner convicted of $182k fraud attempt

Fri, 27 Jun 2025 06:02:25 GMT

A gourmet grocer has been found guilty of attempted insurance fraud after stating he was at the wheel of his Lamborghini Gallardo during a fiery crash, instead of his 24-year-old son...

Ombudsman backs theft victim in ‘home office’ dispute

Fri, 27 Jun 2025 05:59:59 GMT

A policyholder whose cover was cancelled over a failure to disclose business operations at her home has won a dispute after the complaints authority rejected her insurer’s fraud allegation...

Latest penalty points to trend of failure: customer advocates

Thu, 26 Jun 2025 06:06:22 GMT

Yesterday’s code breach sanction against AIG adds to a “troubling pattern” of non-compliance by insurers, raising questions over industry self-regulation, consumer groups say...

QBE names new consumer head

Thu, 26 Jun 2025 06:05:57 GMT

QBE has appointed Jo Hatcher as Australia Pacific consumer MD, taking over from Julie Starley, who has become chief claims officer...

IAG brand guru heads to leading bank

Thu, 26 Jun 2025 06:05:26 GMT

Michelle Klein has left IAG for Westpac after two years as the insurer’s chief customer and marketing officer...

Investigation not enough to sway AFCA in motor theft dispute

Thu, 26 Jun 2025 06:05:06 GMT

An insurer’s forensic investigation of a car theft has failed to convince the complaints authority a policyholder’s claim should be denied...

QBE announces claims restructure, staff departures

Wed, 25 Jun 2025 06:12:00 GMT

Four claims managers will exit QBE, with the insurer announcing “organisational changes” under a new strategy...

Workmate loses lawsuit blaming crash driver for trauma

Wed, 25 Jun 2025 06:11:38 GMT

A woman who attempted suicide by driving into a power pole did not have a duty of care to a colleague who suffered a psychiatric injury after attending the scene, an appeal court has ruled...

No possum, no payout as AFCA backs fraud decision

Wed, 25 Jun 2025 06:11:20 GMT

A driver who said he skidded into a tree after braking to avoid a possum has had his motor claim rejected as fraudulent by the complaints authority...

INsight podcast: more sanctions, and the name game continues

Wed, 25 Jun 2025 04:06:56 GMT

Sanctions on brokers and insurers are the main topic discussed on the latest episode of the Insurance News podcast...

NSW budget predicts rising ESL collections, despite reform promise

Tue, 24 Jun 2025 06:12:23 GMT

The NSW government has raised its forecast for emergency services levy collections due to increased disaster response spending, while committing to reforming the insurance-focused funding system...

Motor trade body attacks repair code ‘power imbalance’

Tue, 24 Jun 2025 06:02:52 GMT

Proposed changes to the motor smash repair code reflect “a bias towards insurers” and must be rejected, the Victorian Automotive Chamber of Commerce says...

Beyond the Buzzwords pitch comp puts tech centre stage

Tue, 24 Jun 2025 06:02:07 GMT

Insurtech Australia is inviting start-ups to take part in a rapid-fire pitch competition for early-stage innovations...

Dispute authority backs insurer in kettle brouhaha

Tue, 24 Jun 2025 06:01:35 GMT

A homeowner who wanted all his kitchen cabinetry replaced after a kettle overboiled has lost a dispute with his insurer...