One of the Hayne’s Royal Commission recommendations was to make the handling and settling of insurance claims a “financial service”. Schedule 7 to...
claims
ASIC releases draft information ...
The Australian Securities and Investment Commission (ASIC) has released a draft information sheet on insurance claims handling and settling. This follows the...
$3.85 BILLION PAID IN NATURAL DI ...
The Insurance Council of Australia (ICA) has revealed that insurers have paid $3.85 billion to customers affected by last summer’s natural disasters...
ATO’s working from home shortcut
The Australian Taxation Office (ATO) has announced special arrangements this year to make it easier for people to claim deductions for working...
Insurer holds onto claims title
Fleetsure has won the the Sue Ronai Memorial Excellence in Claims Award for the second year in a row. Run by Austbrokers...
2019-20 catastrophe claims data
Insurance claims from the devastating summer bushfires and destructive hailstorm that affected householders and small businesses across the country continue to made....
ICA DECLARES CATASTROPHE FOR EAS ...
The Insurance Council of Australia (ICA) has declared a catastrophe for property losses caused by storms and flooding along the east coast since...
NIBA and regulators urge bushfir ...
The National Insurance Brokers Association of Australia (NIBA) along with AFCA and ASIC have urged those affected by the recent bushfire crisis...
ICA declares hailstorms a catast ...
The Insurance Council of Australia (ICA) has declared a catastrophe for damage caused by hailstorms that struck eastern Melbourne, the Australian Capital...
ICA launches local trades regist ...
The Insurance Council of Australian (ICA) has announced the opening of an online register to help local tradespeople and builders play a...
ASIC encourages fair and effecti ...
ASIC Deputy Chair Daniel Crennan QC has said that the regulator is working with insurers and other key stakeholders to ensure that...
Insurance claims handling to be ...
The Federal Treasury has released draft legislation on making insurance claims handling a financial service, and therefore subject to regulatory oversight by...
Sixty percent of $1.243b in Town ...
Sixty per cent of insurance claims lodged since the Insurance Council of Australia (ICA) declared a catastrophe for the Townsville monsoonal deluge...
Sydney hail storm update
The latest available data for the Sydney hail storm catastrophe places the estimated value of the event at $1,038,704,566 (82 per cent domestic,...