insuranceNEWS.com.au - The Broker

Forced divestment a last resort, Lib senator tells brokers

Thu, 01 May 2025 02:00:23 GMT

Reducing regulation and taking mitigation action are priorities when tackling insurance costs, ahead of any forced break-up of companies, Liberal senator Andrew Bragg told a pre-election breakfast today...

ACCC doubles down on call to end commissions

Thu, 01 May 2025 02:00:16 GMT

The competition regulator has confirmed its stance against broker commissions in a submission to the profession’s code of practice review...

Pizza maker wins compensation over ‘traumatic’ claim process

Thu, 01 May 2025 02:00:09 GMT

A QBE customer identified as vulnerable has won a dispute over the denial of a claim for a fire at his pizzeria, even though five other claims in recent years were not disclosed when applying for his policy...

Envest wraps up Ando deal

Thu, 01 May 2025 01:49:48 GMT

Envest Group has completed its acquisition of a stake in New Zealand underwriting agency Ando Insurance...

UAA, QBE extend capacity agreement

Thu, 01 May 2025 01:35:45 GMT

Steadfast-owned Underwriting Agencies of Australia has renewed its binder agreement with QBE for another 10 years...

Allianz’s new relationship manager focuses on broker priorities

Thu, 01 May 2025 01:35:35 GMT

Pamela Beilby has joined Allianz as national relationship manager in the commercial team...

Arch bolsters PI underwriting with new hire

Thu, 01 May 2025 01:34:07 GMT

Arch Insurance Australia has added to its professional indemnity team, recruiting Relanda Taing as senior underwriter for the northern region...

NIBA to wine and dine young members

Thu, 01 May 2025 01:33:42 GMT

The National Insurance Brokers Association will host a wine and cheese evening for young professionals in Victoria this month...

UAC gears up for Melbourne Market Exchange

Thu, 01 May 2025 00:42:10 GMT

The Underwriting Agencies Council will hold its next Market Exchange in Melbourne on May 13, at the city’s convention and exhibition centre...

Brokers flag fears over looming commission consent rules

Thu, 24 Apr 2025 02:04:37 GMT

New rules that require client consent for general insurance commissions could force intermediaries to stop advising on retail products, some brokers have warned...

Pacific rate decline leads global slide: Marsh index

Thu, 24 Apr 2025 02:04:30 GMT

Commercial rates in the Australia-dominated Pacific region fell 8% in the first quarter, as declines in property gathered pace, the latest Marsh Global Insurance Market Index shows...

New strata code to tackle commissions: SCA

Thu, 24 Apr 2025 02:03:31 GMT

The Strata Community Association says it will address commission-based remuneration as it works to create a national code of ethics for the industry...

Salon takes haircut in BI claim dispute

Thu, 24 Apr 2025 01:40:32 GMT

A hairdressing salon has failed to have a covid-related business interruption payment increased after the ombudsman found it was underinsured and was not misled when it reduced its cover during the pandemic...

Workers’ comp flaws ramp up ACT coverage costs, NIBA says

Thu, 24 Apr 2025 01:40:24 GMT

The key drivers of insurance costs in the ACT are the workers’ compensation scheme, regulation that is inconsistent with other jurisdictions and climate vulnerability, the National Insurance Brokers Association says...

Patchwork adoption of AI leading to ‘unknown risks’

Thu, 24 Apr 2025 01:40:14 GMT

Most businesses are only “scratching the surface” when using artificial intelligence, as procurement, risk and compliance, and health and safety departments lag in adoption, a survey by broker Gallagher has found...

Marsh warns on third-party cyber threat

Thu, 24 Apr 2025 01:39:26 GMT

Almost one in three cyber breaches are attributable to “third-party attack vectors”, meaning the core risk originated outside the targeted organisation, according to Marsh...

Liberty experts to address A&H seminar

Thu, 24 Apr 2025 01:06:42 GMT

The National Insurance Brokers Association will host an accident and health seminar with experts from Liberty Specialty Markets...

Consumer lobby urges code action on conflicts of interest

Thu, 17 Apr 2025 01:53:55 GMT

The broking code of practice must clearly define “unmanageable conflict of interest” and should expand commission disclosure requirements, a consumer group says...

AFCA orders accidental damage payout after driver ‘cooks engine’

Thu, 17 Apr 2025 01:46:27 GMT

An insurer was wrong to apply a mechanical failure exclusion after a truck driver ignored a temperature warning light and the vehicle’s engine overheated, the dispute authority has ruled...

NIBA brings ‘industry-leading insights’ to ACT members

Thu, 17 Apr 2025 01:45:54 GMT

The National Insurance Brokers Association will hold an event in Canberra to discuss challenges and opportunities for the industry, and says a new ACT subcommittee is stepping up engagement in the region...