Insurers have welcomed an Australian Securities and Investments Commission review into claims management firms after concerns were raised over the sector’s business practices. ASIC says the probe ...

A new finance industry code of practice has come into force that brings premium funders and other non-bank and specialist lenders under a single framework. The Australian Finance Industry Association ...

Ending non-compete clauses for most employees, ie anyone earning less than $190,000. There will be penalties for including a prohibited restraint in a new contract • Banning "poaching" restraint ...

A motor insurer was right to reject a claim for a damaged Jaguar being driven by an 18-year-old, because the policyholder had been repeatedly warned that under-25 drivers were excluded, the industry ...

Criterion Underwriting, which specialises in complex and hard-to-place risks, has appointed Ian Mundy as CEO as the business expands its capabilities for brokers and their clients. The agency says Mr ...

Suncorp has said in response to an Australian Securities Exchange price query that it is not in discussions regarding a takeover and that it has not received an offer. The company says it is not aware ...

The general insurance industry remains in a strong financial position but softer commercial lines, inflation pressures and ...

An insurer has been ordered to cover secondary roof damage to a beachside home after the industry ombudsman found it should ...

The Insurance Contracts Act should be amended to require companies to give clear information on reasons for premium increases ...

General insurance intermediaries including brokers placed business worth about $21.87 billion in premium for the half year to June, according to Australian Prudential Regulation Authority data ...

The council today released the industry’s response to the reviewer’s 85 recommendations targeting several areas including ...

“The costs associated with disaster response, recovery and reconstruction will continue to rise as the severity and frequency ...