The Disaster Ready Fund’s fourth round of grants will support 14 NSW projects and seven in the ACT, with combined federal and local investments across the two regions topping $100 million. The fourth ...
An insurer has been ordered to settle on a burnt-out Range Rover after failing to convince the ombudsman the claimant lied about the fire. IAG argued inconsistencies in statements from the motor ...
Softer pricing could hit Asia-Pacific reinsurers’ profitability in the next two years, according to an S&P Global Ratings report. “Ample traditional and alternative capacity will sustain pricing ...
Representatives from the Insurance Council of Australia, QBE and Marsh said coverage among smaller businesses is low: QBE estimates about 20% of Australian SMEs have cyber insurance, compared with 70% ...
Leanne Nel will become QBE Pacific CEO and MD, taking over from Jonathan Groves after he was promoted to a wider regional role. Ms Nel, currently Pacific GM for underwriting and partners, has more ...
The on-demand discussion – From Product Idea to Market: Why Insurers Shouldn’t Pay to Implement Their Software – is moderated by Insurance News editor-in-chief John Deex and features INSTANDA’s CTO ...
The update notes “rising claims inflation in long-tail classes is increasingly at odds with declining pricing, which has continued to fall faster than underlying loss costs”. As loss ratios face ...
Require every claim denial, exclusion application, or low-ball cash settlement to pass through a genuinely independent, appropriately qualified reviewer. Integrity and knowledge should be considered ...
Allianz Australia says Alison Smith will join in January as GM for distribution. She is currently Aon Australia head of national, based in Melbourne, according to her LinkedIn page.
Christopher Halligan was sentenced to an 18-month community correction order and must pay $19,635 to the workers’ compensation insurance fund following a State Insurance Regulatory Authority probe.
Coalition has brought its Active Cyber Insurance for Enterprises product to Australia, offering businesses limits of up to $35 million under a relationship with Allianz. The product was launched in ...
The Australian Competition and Consumer Commission has extended a deadline for deciding if IAG’s proposed takeover of RAC Insurance meets a public benefit test. The regulator’s website says the ...
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