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- Insurance
- 22/09/2025
- 22:11
Coventry Celebrates the Power, Flexibility, and Value of Life Insurance During Life Insurance Awareness Month
FORT WASHINGTON, Pa., Sept. 22, 2025 (GLOBE NEWSWIRE) -- Coventry, the leader and creator of the secondary market for life insurance, is proud to recognize Life Insurance Awareness Month by reaffirming its unwavering commitment to making life insurance not just an essential asset, but also more valuable, more flexible and more powerful for policyowners everywhere.For over two decades, Coventry has led the way in unlocking this value, delivering more than $6 billion to policyowners for policies that would have otherwise been surrendered or lapsed.“Life insurance is one of the most valuable assets people own, safeguarding loved ones, fueling dreams, and…
- Insurance
- 16/09/2025
- 00:01
Life CCC identifies the need for fairer treatment of customers who disclose mental health conditions
The Life Insurance Code Compliance Committee (Life CCC) has found that some life insurers are still relying on blanket mental health exclusions or rigid underwriting practices, limiting coverage for Australians who disclose a mental health condition. Releasing its report on its inquiry into insurers’ compliance with obligations in the Code of Practice that relate to mental health, the Life CCC said some insurers are meeting requirements by considering the individual circumstances of applicants, but others are not. Life CCC Chair Jan McClelland said the findings show both the challenges and the opportunities for the industry. “Mental health conditions touch millions…
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- Insurance
- 03/09/2025
- 22:10
Coventry and Alan Buerger Move to Dismiss Abacus Lawsuit
Motion underscores that Abacus's claims lack merit as Lapetus, its key life expectancy provider, shut its doors August 31FORT WASHINGTON, Pa., Sept. 03, 2025 (GLOBE NEWSWIRE) -- Coventry First LLC ("Coventry") and its Co-Founder and Executive Chairman, Alan H. Buerger, today announced that they have filed a Motion to Dismiss the complaint brought by Abacus Global Management, Inc. ("Abacus") in the U.S. District Court for the Middle District of Florida on August 29, 2025. The full Motion to Dismiss can be found here.In the filing, Coventry and Mr. Buerger express their view that Abacus's lawsuit is an effort to silence constitutionally protected debate. As the Motion states:"The…
- General News, Insurance
- 29/08/2025
- 05:00
THOUSANDS OF RACV INSURANCE CLAIMS HIGHLIGHT THE NEED FOR SEVERE STORM PREPARATION
With storms costing Victorians millions of dollars in damage annually and accounting for 80 per cent of all Victoria State Emergency Service callouts, RACV is encouraging Victorians to take proactive steps to protect their homes and vehicles from severe weather. According to Victoria State Emergency Service, more than 12,000 storm-related requests for assistance were made in the past year, costing Victorians an estimated $28 million. The Insurance Council of Australia also reported 27,000 insurance claims during the extreme 2024 Valentine’s Day storm. RACV General Manager Insurance and Roadside, Bill Bloodworth, said many of these issues can be prevented with simple…
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- Insurance
- 21/08/2025
- 13:10
HDFC ERGO Becomes India’s First Insurer to Service Health Insurance Using Duck Creek OnDemand
The move reinforces their commitment to adopting innovative insurance technologies to enhance policyholder outcomesMUMBAI, India, Aug. 20, 2025 (GLOBE NEWSWIRE) -- HDFC ERGO General Insurance Company Limited (HDFC ERGO), India’s leading private sector general insurer, has become India’s first insurer to use Duck Creek’s suite of cloud-native SaaS core solutions to design, underwrite and distribute health insurance products. This achievement establishes a new standard for the delivery of health protection and policyholder outcomes in the region.Already leveraging Duck Creek’s cutting-edge SaaS policy, billing, rating and insights solutions for its commercial fire coverage products, HDFC ERGO partnered with Duck Creek to…
- Insurance, Marketing Advertising
- 15/08/2025
- 09:08
GMHBA’s ‘Caring Since 1934’ Campaign Wins Best Brand Campaign at 2025 Brandie Awards
Good morning, GMHBA’s heartfelt ‘Caring Since 1934’ campaign has been recognised as one of Australia’s best, taking home Best Brand Campaign at the 2025 Brandie Awards. The campaign celebratesGMHBA’s 90-year history as a local, member-first health insurer and shows how heritage can be a powerful competitive advantage. Judges praised the campaign’s authentic storytelling for deepening trust, boosting emotional connection, and driving measurable business results. Read the announcement here GMHBA Chief Marketing Officer Helen Stevens says the award recognises the collaborative effort behind a campaign that truly reflects the insurer’s caring, community-focused ethos. We can provide interviews, campaign visuals, and performance…
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- Insurance
- 12/08/2025
- 10:12
Rise in breach reports signals progress but more than 40% of brokers still reported zero
A 19% increase in reported breaches of the Insurance Brokers Code of Practice is a sign of growing maturity in the industry's compliance culture, according to the Insurance Brokers Code Compliance Committee (IBCCC). In its latest Annual Data Report, the IBCCC welcomed the rise in reported breaches and complaints, interpreting the increase as evidence of stronger internal monitoring and a more open, transparent approach to identifying issues. Chair of the IBCCC, Oscar Shub, noted the increase as indication of improvements in the industry. “Early detection and transparent reporting are the hallmarks of a healthy compliance culture,” said Mr Shub. “These…
- Finance Investment, Insurance
- 12/08/2025
- 09:07
HESTA insurance fees to fall on AIA Australia partnership renewal
12 August 2025 HESTA today announces it will reduce fees for insured members on their current levels of cover after the re-appointment of AIA Australia as the Fund’s insurance partner. HESTA CEO Debby Blakey said the renewed partnership demonstrated the Fund's commitment to providing members with comprehensive value-for-money insurance. "We're pleased to continue our strong relationship with AIA Australia, which will support us in providing high-quality, long-term insurance protection at better value for our members,” Ms Blakey said. "As a fund focused on healthcare and community services, ensuring simple access to appropriate and affordable insurance coverage is critical and can…
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- Government NSW, Insurance
- 07/08/2025
- 05:45
Statement – Workers compensation legislation
Thursday, 7 August 2025 Statement President of the Law Society of NSW Jennifer Ball Workers compensation legislation The NSW Government’s introduction of a second workers compensation reform bill seeks to bypass proper parliamentary and public scrutiny and undermines the democratic process. The Workers Compensation Legislation Amendment (Reform and Modernisation) Bill 2025 has been introduced to parliament, despite the government’s previous bill being the subject of an ongoing Inquiry of the Public Accountability and Works Committee. The referral of the previous bill to two separate inquiry processes speaks to the significance of the proposed reform for the economy and for injured…
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