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Not again! La Nina likelihood increases

Fri, 17 Sep 2021 16:24:00 +1000

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...

Allianz add-on class actions to be combined

Fri, 17 Sep 2021 16:21:00 +1000

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...

Jarrod Hill starts as IAG intermediated head

Fri, 17 Sep 2021 16:19:00 +1000

Jarrod Hill has taken up the role of IAG Intermediated Insurance Australia Group Executive, tasked with improving the performance of the division...

Landlord claiming COVID is 'civil commotion' loses dispute

Fri, 17 Sep 2021 16:12:00 +1000

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...

Vero wins Gold Mansfield Award

Thu, 16 Sep 2021 16:06:00 +1000

Vero has won the Gold Mansfield Award for overall excellence in claims handling for a second straight year...

Insurer falls victim to email scam

Thu, 16 Sep 2021 15:42:00 +1000

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...

Criminal charges filed against CBA over CCI mis-selling

Thu, 16 Sep 2021 15:18:00 +1000

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...

IAG ordered to settle vineyard's smoke tainted crop claim

Thu, 16 Sep 2021 14:33:00 +1000

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...

BI arguments pressed as test case hearings conclude

Wed, 15 Sep 2021 16:27:00 +1000

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...

ICA forum returns in virtual format

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

The Insurance Council of Australia Annual Industry Forum will return next month – in a virtual format...