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Insurers halt some virus cover
ELIZA BAVIN  |  FRIDAY, 20 MAR 2020
Two of the country's biggest insurers have halted cover for COVID-19 for some new customers, in new exclusions since the outbreak of the virus.
Call for pause on default insurance changes
HARRISON WORLEY  |  FRIDAY, 20 MAR 2020
A prominent law firm is calling for upcoming changes to default insurance within superannuation to be postponed, as the COVID-19 pandemic increases the chance Australians will need to rely on the cover automatically provided by their super fund.
ClearView restructures pricing as life sector struggles
HARRISON WORLEY  |  FRIDAY, 13 MAR 2020
The tough times in Australia's life insurance sector have forced the provider to overhaul its pricing.
Life insurers are doing their best: FSC
ELIZABETH MCARTHUR  |  THURSDAY, 12 MAR 2020
The Financial Services Council has responded to a largely damning report from the Life Code Compliance Committee, arguing it is silent on positive changes the industry has made.
Life insurers breach own code consistently
ELIZABETH MCARTHUR  |  WEDNESDAY, 11 MAR 2020
Law firm Maurice Blackburn has called out the life insurance industry, saying insurers breached their Code of Practice hundreds of times in just six months.
Group premiums rise 34%
ELIZA BAVIN  |  WEDNESDAY, 4 MAR 2020
Members of Defence Bank Super and Crescent Wealth Super have been notified their insurance premiums will increase 34%, after TAL advised it would increase premium rates.
Cbus overhauls insurance offering
JAMIE WILLIAMSON  |  MONDAY, 2 MAR 2020
Cbus is changing the way it calculates insurance premiums, with members set to pay more for death and TPD insurance cover.
CommInsure income protection off the menu
ELIZABETH MCARTHUR  |  TUESDAY, 18 FEB 2020
AIA Australia, which now owns CommInsure Life, has announced that CommInsure Protection products will cease accepting new business from 31 March 2020.
Industry fund bumps up premiums
JAMIE WILLIAMSON  |  FRIDAY, 14 FEB 2020
Members of a $25 billion industry superannuation fund are set to pay higher insurance premiums from April 1, with some paying up to 20% more for death and TPD.
AIA income protection premiums jump
ELIZABETH MCARTHUR  |  FRIDAY, 14 FEB 2020
Premiums for retail income protection policies with insurer AIA have climbed substantially over the last two years.
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