‘At critical juncture’: Suncorp CEO

After more than a century of allowing residents to build in harm’s way, the community needs to better support those who are paying the emotional and financial price, Suncorp group CEO and MD Steve Johnston says.

APRA grants GI licence to PetSure

PetSure (Australia) claims it has becomes the first general insurer in Australia solely dedicated to pet health insurance, after APRA granted it licence to operate under the Insurance Act 1973 (Act).

ASIC grants life insurers red tape relief

Life insurers can now reissue pre-design and distribution obligations (DDO) policies when reissuing polices in limited circumstances after ASIC provided conditional relief to ease their regulatory burden.

Court rejects out-of-time damages claim

A Malaysian worker, who was left paraplegic after a workplace accident, has lost his bid for damages in the NSW Supreme Court and ordered to pay costs after his legal team failed to follow procedures when filing his claim out of time under Vic workers compensation laws.

Insured flood losses hit $5.13m: ICA

The Insurance Council of Australia’s (ICA) latest data released Friday (July 29) show insured losses at $5.13m from the February-March floods have passed Cyclone Tracy’s in 1974, making it Australia’s second most costly extreme weather event – just shy of the 1997 Sydney hailstorm, which caused $5.57m in insured losses.