Insurance News
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Flood fears increase as likelihood of rare triple-dip La Nina rises
The Bureau of Meteorology has today issued a La Nina alert, meaning there’s now a 70% chance that the flood-inducing climate driver will develop this year...
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ASIC grants relief for business insurance with retail component
Insurers and brokers who offer retail cover as part of bundled commercial insurance contracts have been granted temporary regulatory relief exempting them from certain retail client obligations as set out in the Corporations Act, the corporate regulator announced today...
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Insurer CEO announces upcoming retirement
The board of directors at New Zealand’s AA Insurance will recruit a new CEO ahead of the retirement of Chris Curtin in December after 28 years in the top role...
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Pet owner loses dispute over hiked premiums
A complainant who sought to have his pet insurance premium reduced after his insurer raised prices by more than 40% has lost his dispute...
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IAG has 'good handle' on inflation challenge: CEO
IAG CEO Nick Hawkins says the business has a “good handle” on countering the inflation challenge as the insurer today provided more details of its results for the 2021/22 financial year, after releasing preliminary figures last month...