Professional Indemnity Australia is pleased to present the latest financial news headlines.
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Footballer's Injury Claim Denied by AFCA Due to Policy Limitations 30 May 2025: Paige Estritori A female football player has faced disappointment after her claim for physiotherapy expenses was denied by her insurer, AIG Australia. The athlete's claim was linked to a disorder in her right ankle, identified as osteochondritis dissecans after doctors conducted an X-ray. - read more |
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NSW Premier Urges Speedy Action on Flood Claims as Industry Expands Support 30 May 2025: Paige Estritori The New South Wales Premier, Chris Minns, is urging insurance companies to expedite the processing of flood claims as the number of affected policyholders grows. In response to the ongoing natural disaster, the insurance industry has opened a second hub to provide assistance. - read more |
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Insurer Ordered to Refund GAP Premium After Unfair Sale 28 May 2025: Paige Estritori A significant decision has been made as an insurer, Eric Insurance, is required to refund a consumer for a Guaranteed Asset Protection (GAP) policy deemed unfairly sold 13 years ago. The policy stemmed from a $31,000 vehicle loan, and the consumer argued that misleading practices influenced this purchase. - read more |
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Acenda Extends Premium Relief to Customers Affected by NSW Floods 28 May 2025: Paige Estritori In response to the severe flooding in New South Wales, Acenda has rolled out a suite of supportive measures for its customers. The life insurer's initiatives aim to mitigate the financial burden faced by affected individuals and families during this challenging period. - read more |
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QBE Amplifies Cybersecurity Initiatives in Response to Rising Threats 26 May 2025: Paige Estritori In an era where cyber threats are intensifying and regulatory demands are escalating, insurance giant QBE is significantly enhancing its support for brokers and their clientele. This decisive action was highlighted at a recent cyber insights event held in Sydney. - read more |
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