Daily
Industry launches ‘co-ordinated effort’ to attract talent
03 September 2024
The Insurance Council of Australia today unveiled its first strategy to attract and retain talent in the industry, supported by a three-month advertising campaign...
Claims pour in after windstorms, flooding
03 September 2024
Insurers have received thousands of claims from property owners after gale-force winds and flooding swept across southeast Australia...
Webinar debunks the myths around discretionary mutuals
03 September 2024
Insurance News and Picnic Labs invite readers to attend an insightful webinar examining risk protection offered by discretionary mutuals...
Disputed waters: claimant wins clash over boat wreck
03 September 2024
A boat owner whose vessel was damaged while temporarily anchored has won a claims dispute despite making a misrepresentation to his insurer...
Court rules against Melbourne pubs in covid BI dispute
30 August 2024
Melbourne venues including the Transport Hotel and Public Bar at Federation Square have lost a covid-related business interruption dispute heard in the Supreme Court of Victoria...
NZ expansion a ‘significant advance’ for Agile
30 August 2024
Agile Underwriting Services has launched in New Zealand to support its Lloyd’s syndicate...
No cover for crashed Maserati after driver kept quiet on speeding history
30 August 2024
A business whose motor insurance policy was cancelled over the non-disclosure of a director’s driving offences has lost a dispute before the complaints authority...
icare turnaround delivers more ‘accountable culture’
30 August 2024
A final quarterly update on icare’s improvement program says the NSW state insurer has delivered a “significant undertaking” in addressing 107 recommendations...
Steadfast expects more premium rises
29 August 2024
Steadfast Group says premium rates will continue to rise this financial year as insurers put through increases to address inflationary pressures that are particularly affecting property underwriting...
Marsh flags ‘significant improvement’ in market competition
29 August 2024
Marsh says improving market conditions should continue for insurance buyers – so long as major catastrophe losses are avoided...
Regulator targets coverage gap in strategic shift
29 August 2024
The Australian Prudential Regulation Authority plans to channel more resources into tackling the country’s worsening home insurance protection gap...
AFCA scrubs policy cancellation after car battery fires
29 August 2024
An electric vehicle conversion business that had a fire damage claim denied and its policy cancelled over non-disclosure of imported batteries has won a bid to overturn the decision...
Cyberattackers target underwriting agency
28 August 2024
An Australian underwriting agency has suffered a “cyber incident”, with reports suggesting stolen data is being offered for sale on the dark web...
Levees, storm shelters feature in $390 million disaster funding round
28 August 2024
Another round of spending has been allocated under the federal government’s five-year $1 billion Disaster Ready Fund...
More training, oversight needed for experts: code committee
28 August 2024
Insurers must improve training and monitoring of external experts and ensure they only provide factual evidence based on their areas of knowledge, the Code Governance Committee says following an inquiry...
INsight podcast: some home truths on affordability
28 August 2024
Worsening home insurance affordability challenges are the main discussion point on the latest Insurance News podcast...
‘Can’t be ignored’: coastal flood warning on 500,000 properties
27 August 2024
The risk of coastal flooding in “any given year” is 1% for 500,000 properties in Australia – equal to a 25% risk of being inundated over the course of a standard mortgage, according to a new report from Aon and Monash University...
Cash settlement failings spark call for more regulation
27 August 2024
Cash settlements have become a “problematic norm” in response to home claims following disasters and a suite of reforms is needed, a Financial Counselling Victoria report says...
‘Cornerstone’ insurance arm drives Johns Lyng earnings
27 August 2024
Johns Lyng Group says it performed strongly in 2023-24, supported by its core insurance building and restoration services division...
Insurer forced to pay compensation over battery fire clean-up
27 August 2024
The Australian Financial Complaints Authority has told RACQ Insurance to pay a homeowner couple compensation for stress-related damages caused by its failure to adequately investigate contamination in a fire-damaged kitchenette...