Insurance

IAG acknowledges proceedings commenced by ASIC

IAG has acknowledged that the Australian Securities and Investments Commission (ASIC) has commenced civil penalty proceedings in the Federal Court of Australia alleging contraventions of the ASIC Act and...
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Collision Repair Expo – The Future is Here

The Australian Automotive Aftermarket Association (AAAA) is excited to officially launch the 2022 Collision Repair Expo (CRE). Taking place at the Melbourne Convention & Exhibition Centre (MCEC) and co-located...
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Car and truck insurers confront rapidly rising claims costs

Sharply higher costs to repair and replace vehicles will cause insurance companies’ underwriting profit margins to narrow significantly, projects S&P Global Market Intelligence’s annual US Auto Insurance Market Report....
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Suncorp launches repairer support package

Suncorp acknowledges both the financial and emotional strain lockdowns are having on motor repairers in New South Wales, Victoria, and the ACT. The Suncorp Repairer Support Package includes: Financial...
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IAG announces resignation of Chief Risk Officer

IAG Managing Director and CEO Nick Hawkins has announced that the company’s Chief Risk Officer (CRO) David Watts has resigned from the company. Hawkins thanked Watts for the significant...
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Ford and LexisNexis to provide connected vehicle data to insurers

LexisNexis Risk Solutions and Ford Motor Company has announced they have entered into a strategic agreement so that Ford connected vehicle data can be available to U.S. auto insurers...
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NRMA, RACV contribute $2 million to GIVIT COVID-19 relief

NRMA Insurance and RACV will together contribute $2 million to donation platform GIVIT to provide urgently needed items due to COVID-19 lockdowns such as groceries, technology and resources for...
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IIHS study in the U.S. indicates technology could slash teen-driver crashes

Crash avoidance features and teen-specific vehicle technologies could prevent or mitigate 41% of all crashes involving teen drivers, according to a new study published by the Insurance Institute for...
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AAPEX and SEMA announce health and safety measures

AAPEX and the SEMA Show, the two premier events of the automotive aftermarket industry’s trade gathering during the first week in November, have released information regarding health and safety...
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IAG sets out improvement plans after loss

IAG says a turnaround in its Australian intermediated business will be a key plank in achieving improved performance as the insurer aims to leave behind issues that hit its...
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