Allianz moves on Qantas dispute

insurance chief executive

16 November 2011
| By Anonymous (not verified) |
image
image
expand image

Allianz Global Assistance has moved in the wake of the recent Qantas industrial disruption to reassure clients that all future industrial action relating to the airline would be considered an insurable event.

Claiming the move was unprecedented, Allianz Global Assistance chief executive Ian Norris said the insurance provider wanted to provide certainty for its customers by declaring any future incidents related to the strike action as a new event for claims assessment purposes.

"Australians who purchased a travel insurance policy provided by Allianz Global Assistance after midnight on November 1 can be comforted by this decision," he said.

Norris said Allianz believed it was the first major Australian travel insurance provider to take such a step. 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

1 month 2 weeks ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

1 month 2 weeks ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 month 3 weeks ago

SuperRatings has shared the median estimated return for balanced superannuation funds for the calendar year 2024, finding the year achieved “strong and consistent positiv...

5 days 15 hours ago

Insignia Financial has confirmed it is considering a preliminary non-binding proposal received from a US private equity giant to acquire the firm. ...

4 weeks 1 day ago

Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses. ...

3 weeks 4 days ago

TOP PERFORMING FUNDS