The Broker
Forced divestment a last resort, Lib senator tells brokers
01 May 2025
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
01 May 2025
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
01 May 2025
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
01 May 2025
Envest Group has completed its acquisition of a stake in New Zealand underwriting agency Ando Insurance...
UAA, QBE extend capacity agreement
01 May 2025
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
01 May 2025
Pamela Beilby has joined Allianz as national relationship manager in the commercial team...
Arch bolsters PI underwriting with new hire
01 May 2025
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
01 May 2025
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
01 May 2025
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
24 April 2025
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
24 April 2025
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
24 April 2025
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
24 April 2025
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
24 April 2025
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’
24 April 2025
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
24 April 2025
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
24 April 2025
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
17 April 2025
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’
17 April 2025
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
17 April 2025
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...