CGU cyber policy targets SMEs
CGU is the latest Australian player to launch cyber attack protection. CGU said it believed its Cyber Defence product would help mitigate against the rising number of cyber attacks. Targeting SME...
View ArticleAust spearheads on-demand cover
In what it describes as a “landmark event” for the industry, San Francisco-based start-up Trōv ( CN 28/04/16 ) has, with Suncorp Group's backing, used Australia to launch what it claims is the first...
View ArticleInsurers in ‘low esteem' by gen Ys
The newly released Capgemini-Efma World Insurance Report 2016 shows only 34% of gen Y customers or millennials (above) reported a positive experience with their insurers compared with 55.4% of other...
View ArticleFormer Zurich CEO commits suicide
Former Zurich CEO Martin Senn has committed suicide six months after leaving the company under a cloud, CN news associate Reuters reports . Senn, 59, shot himself at his family's Alpine resort home in...
View ArticleAxa dumps tobacco investments
Axa claims it is “leading by example” by no longer investing in tobacco companies. The Paris-based multinational insurer and investment manager, which counts health insurance among its operations, said...
View ArticleValentine quake claims near 11,000
More than 10,500 NZ home and business owners have lodged claims after Canterbury's February 14 earthquakes. NZ's Earthquake Commission (EQC) said the deadline to lodge Valentine's Day quake claims...
View ArticleIAG NZ loses court action
A Christchurch couple has been awarded more than $NZ707,000 ($A660,000) after a judge found their insurer had broken a binding and enforceable agreement, NZ media has reported. Barbara and Frances...
View ArticleASIC to hold AFS licensing meetings
ASIC plans Sydney and Melbourne meetings in the December qtr on Australian financial services (AFS) licensing. It said AFS licensing would also be discussed at ASIC's regional liaison meetings in...
View ArticleEditorial team
Editor: Eva Wiland. Email eva.wiland@thomsonreuters.com. Contributing Editor: Kate Tilley. Journalist: John Reynolds. Managing Editor: Helen Jones. Twitter: @Cover_NoteTR.
View ArticleAust spearheads on-demand cover
In what it describes as a “landmark event” for the industry, San Francisco-based start-up Trōv ( CN 28/04/16 ) has, with Suncorp Group's backing, used Australia to launch what it claims is the first...
View ArticleRuling against lead driver set aside
The NSW Appeal Court (AC) has set aside a District Court verdict and orders against a driver found negligent for bringing her vehicle to a stop on the Great Western Highway. Barbara Joan Bates was...
View ArticleCollision verdict up for review
A Supreme Court judge has overturned a Parramatta Local Court finding a woman staged a car crash to claim $60,500. But Associate Justice Joanne Harrison said Nini Zeait's appeal was successful only...
View ArticleAdviser gets short suspension
Melbourne financial adviser Marigold Falconer International Ltd (MFIL) last month had its Australian financial services licence suspended for 11 days because its professional indemnity cover lapsed....
View ArticleFSC to press new Parliament
FSC wants the new federal parliament to ensure the Corporations Amendment (Financial Advice Measures) Bill (FoFA) works as intended ( CN 07/04/16 ) . FSC's statement of policy priorities ( CN 26/05/16...
View ArticleWages woe for industry
Less than a third of Australian and NZ industry employees can expect FY17 pay rises of more than 3%, the latest Hays insurance salary guide has found. The rest can expect no increase or less than...
View ArticleASIC: time up for accountants on AFS
ASIC has warned accountants, from July 1, they must hold limited Australian financial services (AFS) licences or be authorised representatives of licence holders or licensees if they want to give...
View Article‘Bread & butter' adjuster jobs dying
New loss adjusters will have professional difficulties in the future because of reduced “bread and butter” work, the Australasian Institute of Chartered Loss Adjusters (AICLA) warns. AICLA president...
View ArticleACCC targets tax benefit claims
ACCC could take action against private health insurers for misleading consumers about tax benefits. ACCC chair Rod Sims said some private health insurers and comparator websites implied people could...
View ArticlePeople
Suncorp has appointed Sarah Harland CIO. She will join Suncorp from Medibank Private on September 1. Chief transformation officer Clayton Herbert has been in a caretaker role since May ( CN 14/04/16 )...
View ArticleCoastal storm toll at $54m and rising
ICA has declared an insurance catastrophe for the severe storms that battered the NSW and Qld east coast over the weekend (June 4-5) and on Tuesday (June 7) descended on Vic and Tas. From more than...
View Article
