IBANZ Forum
QUESTION We have been experiencing a rapidly growing number of claims where assessors and loss adjustors are displaying a strong bias against the client in favour of the insurers. We all know they are supposed to prov...
IBANZ Forum
QUESTION I would like a definitive answer on an interpretation of the following exclusion please: "Loss resulting from ingestion or entry of any foreign object into any agricultural implement or machine (eg. har...
News from Australia
Underwriters should be on alert for unwitting exposure to claims stemming from inaccuracies caused by artificial intelligence, an insurance lawyer says. AI could be “even more pervasive than cyber in terms of where it ...
News from Australia
The Insurance Brokers Code Compliance Committee has recommended improvements around transparency, clarity and breach reporting in its submission to the ongoing code review. The deadline for feedback on a consultation document has...
News from Australia
Australian Insurers and brokers are targeting a constructive relationship with the federal government after Prime Minister Anthony Albanese led Labour to an emphatic victory in the recent election. They have urged Canberra to...
Humans of NZI
A journey of heart, heritage and harmony
When Teina Paniora first entered the insurance world, he wasn’t 'suited up' or carrying a briefcase - he’d literally just hopped off a forklift. "In early 2014, my cousin, who was part of the...Feature
The Reserve Bank remains dedicated to enhancing engagement with the industry, modernising its regulatory framework and approach, and embedding deeper insurance expertise within its leadership. Deputy Governor Christian Hawkesby has...
Feature
On 28 February 2025, the Supreme Court of New South Wales fined Allianz Australia Insurance Limited (‘Allianz’) AU$13.5 million and AWP Australia Pty Ltd (‘AWP’) AU$3.3 million for making false or misleading...
IBANZ Forum
QUESTION: We are finding that frequently insurers are using the ICR when underwriting new house insurance risks. We have come across a number of instances when a client is purchasing a home and the underwriter requests information...
