Insurance News

1. 'Insurance businesses will collapse' under virus pressure

   “Significant numbers” of Australian insurance businesses are likely to go under as the combined impact of COVID-19 claims and a global recession hits home, a law firm has warned...

2. Senator queries industry's 'deafening silence' on emissions

   A Senate inquiry hearing today into the 2019/20 bushfire season has called out insurers’ “deafening silence” on the urgency of cutting carbon emission levels, forcing the industry to defend its climate action stance...

3. Pandemic exclusion upheld in travel claim dispute

   Zurich’s application of a pandemic exclusion in denying a claim from a man who decided not to proceed with a planned trip to China in February has been upheld by the Australian Financial Complaints Authority...

4. SMEs seek brokers' aid as sales plunge

   Many businesses in New Zealand are seeking insurance advice from brokers as revenues take a hit from the coronavirus pandemic and owners make widespread operational changes, a survey by Vero reveals...

5. Clients will be hurt: Melbourne brokers face lockdown 2.0

   The six-week reintroduction of stage three restrictions in Melbourne is testing the resilience of general insurance brokers and their clients, and will slow the nation’s fledgling economic recovery...