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1. Suncorp calls for open borders, resets business
   Suncorp has pressed the case for the reopening of borders to help the economy recover from the impact of the COVID-19 outbreak and says its own program of work to reset its business post-pandemic is well underway...
   Daily | 22 Oct 2020 03:58pm
2. Look beyond reinsurance to mitigate weather risk, insurers told
   S&P Global Ratings has urged Australian insurers to consider other measures such as government-backed schemes to cope with what is expected to be a worsening claims burden from weather-related disasters as climate change intensifies...
   Daily | 22 Oct 2020 03:43pm
3. Axa XL pulls out of London management liability market
   Axa XL has announced it will no longer write management liability or financial institutions business in the London market due to persistent profitability concerns, but the decision does not affect Australia...
   Daily | 22 Oct 2020 03:34pm
4. Holiday rental landlord loses dispute over COVID losses
   A man has lost a dispute with Suncorp after he lodged a claim for lost rental income from cancelled holiday bookings due to COVID-19 pandemic restrictions...
   Daily | 22 Oct 2020 03:23pm
5. Businesses hit by 'insurance stress' as market hardens
   Australian businesses are increasingly suffering “insurance stress” caused by price spikes, reduced coverage or an inability to secure insurance at all, a new survey has found...
   Daily | 21 Oct 2020 04:07pm
6. Opal Tower builder gains insurance win
   The builder of Sydney’s Opal Tower has won Federal Court action taken against Liberty Mutual and QBE over insurance claim denials for construction problems at the high-profile development...
   Daily | 21 Oct 2020 04:00pm
7. Online form confusion sees asbestos roof claim upheld
   Hollard has lost a dispute over a roof damage claim after it was found the online insurance application process didn’t make clear the presence of asbestos needed to be disclosed...
   Daily | 21 Oct 2020 03:57pm
8. ICA creates Indigenous forum, seeks dam plan feedback
   Insurers are facilitating greater Indigenous engagement with the creation of a new liaison forum and a round of consultation to understand how a proposal to raise the wall of Sydney’s Warragamba dam by 14 metres could impact upstream areas and cultural heritage sites...
   Daily | 21 Oct 2020 03:52pm
9. ‘Out of excuses’: NIBA slammed for code review delay
   The National Insurance Brokers Association has received sharp criticism for significant hold-ups in reviewing its Insurance Brokers Code of Practice...
   Daily | 20 Oct 2020 04:10pm
10. Insurers told to have BI court result plan
    Insurers should have a plan for responding to the outcome of the business interruption test case heard earlier this month, the Australian Securities and Investments Commission has told company directors...
    Daily | 20 Oct 2020 04:09pm
11. ASIC targets UCT reform readiness
    The Australian Securities and Investments Commission is stepping up regulatory preparations for the start of laws extending consumer and small business unfair contract term protections to insurance...
    Daily | 20 Oct 2020 04:07pm
12. New report proposes changes to advice definitions
    The Financial Services Council has today released a report setting out suggestions on ways to improve the provision of advice to consumers, some of which could also impact general insurance...
    Daily | 20 Oct 2020 03:58pm
13. Travel insurance specialist ‘hibernates’ as volumes plummet
    TravelCard today announced “the difficult decision” to put the business into hibernation and pause operations...
    Corporate | 19 Oct 2020 02:41pm
14. IAG and union battle over enterprise pay deal
    IAG has defended a proposed enterprise pay and conditions agreement, saying the company is “not immune” from the impacts of COVID-19 and the offer achieves the right balance between the needs of employees and the business...
    Corporate | 19 Oct 2020 02:39pm
15. PSC snaps up another UK brokerage for $15.5 million
    PSC Insurance Group announced today it has acquired another London brokerage for £8.51 million, further expanding its reach in the UK market...
    Corporate | 19 Oct 2020 02:39pm
16. Steadfast boosts training with Gold Seal purchase
    Steadfast has boosted its education and training capabilities with the acquisition of Gold Seal Practice Management and Gold Seal Intellectual Property...
    Corporate | 19 Oct 2020 02:38pm
17. Coverforce defends new PI product
    Coverforce has moved to dispel doubts on a new professional indemnity insurance product after a surveyors’ group warned the cover may not meet Australian regulations...
    Corporate | 19 Oct 2020 02:38pm
18. Insurance consigned to the past as Stream changes direction
    Former claims manager Stream says the Qusol insurance software business will no longer be a key part of its operations as it moves out of insurance to become an electrical products and services company...
    Corporate | 19 Oct 2020 02:37pm
19. Builder nails insurance services deal with Westpac
    Johns Lyng Group has signed a contract with Westpac General Insurance to provide building and restoration services for insurance claims across the insurer’s national client base for an initial period of three years...
    Corporate | 19 Oct 2020 02:37pm
20. QBE’s Mitti joint venture aims to reduce SME risks
    QBE has partnered with workplace inspection company SafetyCulture to provide risk mitigation assistance and tailored cover for SMEs through new joint venture insurer Mitti...
    Corporate | 19 Oct 2020 02:36pm

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