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25.01.2022 The Australian Securities and Investments Commission has today provided draft details of how insurance claims handling will be regulated as a financial service when legislation for the Hayne royal commission proposal is passed in Parliament... https://www.insurancenews.com.au//asic-sets-out-new-claims

24.01.2022 Life Insurance Code of Practice breaches in the last financial year fell 29% to 171, including 44 that were reported by subscribers as significant... https://www.insurancenews.com.au//code-breaches-fall-but-u

24.01.2022 PSC Insurance Group has upped its majority holdings in Perth-based broking business AR (WA) and Turner Financial Services in the UK, investing more than $7 million to take outright control of the two entities... https://www.insurancenews.com.au//psc-buys-up-brokerages-i

21.01.2022 Melbourne-based recreational boat insurer Club Marine has appointed Karen Te Maipi as CEO, taking over from Simon McLean who has a new role as GM Automotive and Marine at parent company Allianz... https://www.insurancenews.com.au//club-marine-names-new-ceo

21.01.2022 The Australian Securities and Investments Commission (ASIC) has today started civil penalty proceedings in the Federal Court against Allianz Australia and AWP Australia for the alleged misleading sale of travel insurance, sold through three websites run by Expedia... https://www.insurancenews.com.au//asic-launches-court-acti

21.01.2022 A COVID-19 induced recession would see a reduction in insurance premiums in New Zealand as customers in financial hardship reduce costs, hitting personal lines and commercial SME classes the hardest, actuary Taylor Fry says... https://www.insurancenews.com.au//low-premium-volumes-to-h

20.01.2022 The National Insurance Brokers Association has announced the five regional Young Broker of the Year award winners at a virtual ceremony today... https://www.insurancenews.com.au//niba-names-young-broker-

20.01.2022 Hard market conditions and the impacts of the coronavirus outbreak are presenting challenges for businesses seeking renewed or expanded insurance cover, Gallagher says in a fourth quarter report... https://www.insurancenews.com.au//hard-market-pandemic-inc

19.01.2022 Suncorp has been told to pay the full agreed value of a Ford Ranger Raptor that was damaged after being partially submerged in flood waters last year... https://www.insurancenews.com.au//insurer-forced-to-write-

19.01.2022 The NSW Court of Appeal test case decision on business interruption policy wordings represents one piece of a much larger puzzle and has left insurers facing continued uncertainty and possible reputational impacts, AM Best says... https://www.insurancenews.com.au//test-case-result-leaves-

17.01.2022 A Brisbane man who was robbed while visiting Las Vegas and sought almost $16,000 for the cost of subsequent business and first class flights has lost a claim dispute with his travel insurer, receiving just $1251 for the travel... https://www.insurancenews.com.au//ceo-fails-on-first-class

17.01.2022 NSW state insurer icare has extended EML’s workers’ compensation claims services provider contract for 12 months ahead of a tender planned for the middle of next year that could increase the number of agents... https://www.insurancenews.com.au//icare-extends-eml-contra

16.01.2022 The Insurance Council of New Zealand says clear disease exclusions in business interruption policies suggest there is no need in that country for the type of legal test case that has been pursued in the UK, where the High Court this month ruled in favour of policyholders on some wordings... https://www.insurancenews.com.au//icnz-sees-no-need-for-bi

12.01.2022 The Bureau of Meteorology has today declared Australia’s first active La Nina since the flood-causing event a decade ago triggered one of the wettest two-year periods for the country on record... https://www.insurancenews.com.au//flood-risk-rises-as-la-n

12.01.2022 The Australian Financial Complaints Authority has ruled against Hollard in a dispute involving a NSW customer whose claim for vehicle damage was denied because he failed an alcohol breath test that was taken right after an accident... https://www.insurancenews.com.au//claimant-wins-motor-disp

12.01.2022 Insurers have argued in a NSW Court of Appeal test case today that business interruption pandemic exclusions are clear despite their references to a now repealed piece of legislation... https://www.insurancenews.com.au//bi-test-case-hearing-n-t

12.01.2022 Infectious diseases and the global pandemic have soared up the ranks in AXA’s latest survey of most pressing global risks, with COVID-19 triggering a dramatic jump in health concerns to first place from eighth, knocking climate change from the top spot... https://www.insurancenews.com.au//risk-list-goes-viral-as-

11.01.2022 360 Underwriting Solutions has announced Paul Riordan has started today as Executive Director of the 360 Commercial business... https://www.insurancenews.com.au//360-names-new-commercial

10.01.2022 The National Insurance Brokers Association has announced the five regional Broker of the Year award winners at a virtual ceremony today... https://www.insurancenews.com.au//niba-names-broker-of-the

09.01.2022 A complainant who spun a tale about how a spider caused him to lose control of his car, sending the vehicle crashing into a guard rail, has failed in his bid to have his motor insurance claim accepted... https://www.insurancenews.com.au//web-of-deceit-claimant-b

09.01.2022 The Victorian Building Authority has prosecuted a man for arranging building work without insurance... https://www.insurancenews.com.au//builder-fined-10000-for-

06.01.2022 The Financial Conduct Authority says it has filed a leapfrog application to appeal to the Supreme Court on aspects of the business interruption test case judgment... https://www.insurancenews.com.au//uk-regulator-files-preca

03.01.2022 Insurers are calling on the government to make its building code compliance and enforcement system fit for purpose, including the establishment of a central body... https://www.insurancenews.com.au//insurers-urge-better-bui

03.01.2022 The Actuaries Institute has published for consultation a report proposing sweeping reforms for the ailing retail disability income insurance market... https://www.insurancenews.com.au//actuaries-present-propos

01.01.2022 Allianz has appointed Chris Townsend to the Board of Management in charge of Global Insurance Lines, taking over the role from Niran Peiris who is retiring on December 31 after more than 20 years with the insurer... https://www.insurancenews.com.au//allianz-recruits-townsen