Daily
Website redesign not covered after cyber attack
07 June 2022
A business owner who tried to claim additional costs under a cyber policy to improve his website after it was hacked has failed to win the full amount sought...
icare reviewing processes after privacy breach
03 June 2022
NSW state-insurer icare has notified regulators of a privacy breach after employer cost of claims reports were sent to the wrong employer or broker in a mistake attributed to human error related to manual processing...
TravelCard working to restart Australia operations
03 June 2022
Broker-focused TravelCard says work is underway to resume its business in Australia, after operations were placed in “hibernation” in October 2020 in response to the pandemic ban on international travel...
Mother nature vs insurers: Morgan Stanley warns on climate risks
03 June 2022
Suncorp and IAG have become more exposed to catastrophe risks as climate change and the extent of disasters experienced in Australia increase problems for insurers, a report by Morgan Stanley equity analysts says...
Rats! Boat owners lose chewed cabin dispute
03 June 2022
Boat owners who discovered water rats had caused $70,000 in damage by chewing through upholstery, dash trim, batteries, grab rails, speaker grills, a sea-deck kit and rotary encoder buttons have lost a claim dispute over a vermin exclusion...
Brooklyn Underwriting head resigns
02 June 2022
Brooklyn Underwriting Head Tim Fairbrother has resigned after almost a decade with the business, with Scott Jerome to take over the role as Acting Head, the Axa-owned agency has announced...
Aon's Affinity unveils outdoors-focused public liability offering
02 June 2022
Aon-owned Affinity Insurance Brokers is offering a new public liability product designed for the outdoor recreational industry, after securing a binder arrangement of $20 million with London-based Beazley Group...
Insurer in the clear for mould damage to storm-hit property
02 June 2022
A landlord who says a storm caused a mould outbreak on her property has lost a claims dispute to have the damage covered...
Large vs small: podcast highlights business attitudes to insurance
02 June 2022
The second episode of our special podcast series focused on this year’s Vero SME Index report has been published...
Flood costs pass $4 billion, overtaking Newcastle earthquake
01 June 2022
Insured losses from the record flooding in Queensland and NSW earlier this year have climbed to $4.3 billion to be Australia’s fourth costliest disaster, the Insurance Council of Australia said today...
Resilium builds 'significant footprint' with AR acquisitions
01 June 2022
Resilium Partners has made more acquisitions as the Ardonagh-backed business ramps up its presence in the Australian market...
Financial Services Minister appointed; climate, cyber gain focus
01 June 2022
Prime Minister Anthony Albanese has appointed Stephen Jones as Assistant Treasurer and Financial Services Minister and has given climate change and cyber security portfolios an elevated focus within Cabinet...
INsight podcast: rising claims and rising premiums
01 June 2022
APRA's latest quarterly statistics - and the impact of the flood catastrophe on them - are the main topic of discussion on the latest Insurance News podcast...
Insurers flag talent shortage issues
31 May 2022
Insurers have highlighted key challenges as a talent drought caused by high employment and covid-induced border closures continues...
User pays: AFCA's new funding model to start in July
31 May 2022
The Australian Financial Complaints Authority says a new “user pays” funding model will take effect on July 1, with more transparent and simple fee calculations...
QBE appoints data chief
31 May 2022
QBE Insurance Group says Christopher Bannocks has joined as Group Chief Data Officer based in the insurer’s London office...
Homeowner’s earthquake claim falls apart
31 May 2022
A man who says last year's Victorian earthquake damaged his house will not have his insurance claim paid out after losing a dispute...
Insurer demands on cyber protocols lift security: Marsh
27 May 2022
Cyber insurance creates a “valuable feedback loop” as underwriting teams learn from related claims and adjust their requirements to reflect controls that could have mitigated them, Marsh says...
RACQ forms Advocacy department
27 May 2022
RACQ has appointed Joshua Cooney to head a new Advocacy department and is looking to hire sustainability and government relations and policy leaders as part of the team...
Lismore pressing for floods retreat plan funding
27 May 2022
Lismore City Council GM John Walker says state and federal funding totalling hundreds of millions of dollars will be required for a property retreat plan to go ahead, as the city seeks to protect the community from future devasting floods...