The Financial Services Council (FSC) has announced that responsibility for the Life Insurance Code of Practice (Life Code) will be transferred to the Council of Australian Life Insurers (CALI) on 29 September 2023.
A pensioner who had difficulty paying her monthly life premiums since 2012 and claimed her adviser had provided "inappropriate" financial advice has substantially won her dispute.
Markel, the global specialty insurer that is part of New York-listed Markel Group, has announced that it will open three new offices in Australia this month.
The Insurance Council of Australia (ICA) is emphasising the need for early bushfire preparation so property owners and tenants can reduce risk and safeguard their homes and property.
The Australian Consumers Insurance Lobby (ACIL) has said that the Cyclone and Cyclone-Related Flood Reinsurance Pool needs improvement.
The Insurance Council of Australia (ICA) has launched a new report outlining the important role insurers can play in managing and reducing risk in the natural environment.
80% of elderly respondents to a survey feel that the increasing cost of living has impacted their lifestyle. 83% believe that lifestyle impacts would continue over the next 12 months.
Steadfast Risk Group, the risk management division of Australasia's largest general insurance broker network, Steadfast Group, has acquired Riskcom and its subsidiary BRM Risk Management (BRM).
Insurance premiums will keep rising without measures to reduce the risk of damage from floods and bushfires, according to the Insurance Council of Australia (ICA) in its latest annual catastrophe report.
The Australian Securities and Investments Commission (ASIC) has commenced civil penalty proceedings against the trustee of Australia's largest superannuation fund, AustralianSuper, alleging failures to address multiple member accounts and continuing to charge multiple sets of fees and insurance premiums to these members.