Daily

Austbrokers Corporate CEO John Mutton has resigned, as he and two other executives prepare to join rival broker Marsh...

The Fair Work Commission has dismissed an application for relief from unfair dismissal by a former Commonwealth Insurance motor assessor, who was terminated for “serious misconduct” last year over an undeclared transfer of $500 to his bank account...

Pandemic outbreaks have for the first time been listed as the biggest threat to Australian businesses, according to an annual risk survey by Allianz Global Corporate and Specialty...

Willis Towers Watson has appointed Lee Garvey to the newly created position of Head of Financial Solutions for Australia and New Zealand as the New Year brings a number of personnel changes across the insurance industry...

QBE has made an extra $US185 million allowance for potential Australian business interruption claims after a UK Supreme Court ruling on Friday went against insurers...

The National Insurance Brokers Association will raise concerns over the Australian Competition and Consumer Commission’s insurance inquiry report with Treasurer Josh Frydenberg...

Allianz Australia has introduced a new operating model to sharpen its focus on three key customer segments and announced the departure of Chief GM Broker and Agency David Hosking amid a number of changes...

Queensland’s Cyclone Kimi has strengthened to a Category 2 and shifted south, the Bureau of Meteorology has warned...

QBE expects to report a net loss of about $US1.5 billion for this year, with the result hit by COVID-19, catastrophes and a writedown of North American goodwill...

Brokers with at least five years’ experience are among insurance industry personnel expected to be in high demand as business activity increases next year, recruiting firm Hays says...

A general insurance brokerage breached its duties when the business did not recommend a self-employed client seek advice from a life insurance broker about his coverage needs, according to a dispute ruling...

Agricultural underwriting agency 360 Farm & Regional says QBE will be its sole capacity provider for all new and renewal business starting on January 1 next year...

The High Court should hear an appeal over business interruption exclusions due to the financial repercussions for insurers and the legal issues around contract language and correction of mistakes, documents filed by the industry argue...

Australian general insurers are facing a “perfect storm” of challenges that has put the industry on an “unsustainable trajectory”, a new report from Oliver Wyman warns...

The Australian Securities and Investments Commission has set out a three-point action plan for insurers to consider after its research found gaps in the handling of claims for the Canberra hailstorm catastrophe in January and last year’s Townsville flood disaster...

A study commissioned by the Financial Rights Legal Centre has outlined what it sees as the risks and opportunities from the extension of the Consumer Data Right to the insurance industry...

Property market conditions will continue to be challenging given ongoing COVID-19 related losses, potential natural catastrophe impacts and expected rising reinsurance rates in the January renewals, Marsh warns...

Treasury has released for consultation an exposure draft regulation paper outlining the prescribed circumstances in which a person is excluded from new laws requiring a licence to perform claims handling services...

An RACV motor insurance policyholder who disputed a 26% rise in premium for his Porsche Cayenne sport utility vehicle has won his case before the Australian Financial Complaints Authority...

Insurance affordability and the SME ombudsman’s wide-ranging report are the key focus of our latest INsight podcast...