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'Supercharged' Jaguar not covered for teen driver smash

01 October 2026

A motor insurer was right to reject a claim for a damaged Jaguar being driven by an 18-year-old, because the policyholder had been repeatedly warned that under-25 drivers were excluded, the industry ombudsman found...

Industry profits strong as challenges loom

30 September 2026

The general insurance industry remains in a strong financial position but softer commercial lines, inflation pressures and fewer reserve releases will test margins looking ahead, the annual Taylor Fry Radar report says...

Life insurers address mental health in code review response

30 September 2026

Life insurers have stressed the need for “appropriate product design flexibility” to keep mental health cover affordable and accessible as the industry takes its overhaul of its code of practice to the next phase following a review...

Make-safe required even though claim excluded: AFCA

30 September 2026

An insurer has been ordered to cover secondary roof damage to a beachside home after the industry ombudsman found it should have carried out temporary make-safe works – even though it was entitled to reject the original claim for problems caused by nesting birds...

Zurich publishes first local risk index

29 September 2026

More than one in five Australians is facing significant vulnerability, with financial security the strongest factor affecting overall resilience, according to a new index launched by Zurich...

Action urged on masked home risk signals

29 September 2026

The Insurance Contracts Act should be amended to require companies to give clear information on reasons for premium increases, ensuring the risk signal supports resilience and helps affordability, a report on home and contents renewals says...

Half-year intermediated premium exceeds $21 billion

29 September 2026

General insurance intermediaries including brokers placed business worth about $21.87 billion in premium for the half year to June, according to Australian Prudential Regulation Authority data released today...

NIBA finalising code after extensive feedback

29 September 2026

The National Insurance Brokers Association says the board will finalise its new code of practice in coming weeks, after receiving more than 300 pieces of feedback...

IAG agrees to Greensill dispute settlement

25 September 2026

IAG has settled a dispute with Credit Suisse related to the collapse of Greensill that involved claimed amounts of about $2.8 billion plus interest...

Katherine levee to boost flood protection

25 September 2026

The NT government says it’s providing funding for a Katherine South levee that will protect an additional 210 homes and businesses, following devastating flooding earlier this year...

Jeep crash claim was fraud: AFCA

25 September 2026

An insurer was entitled to reject a car crash claim as fraudulent as a Jeep was covered for far more than it was worth and forensic evidence contradicted the policyholder’s account of events, the industry ombudsman has ruled...

Suncorp flags resilience concerns over homes push

24 September 2026

The drive to build more homes as a way to address housing affordability challenges could have drawbacks, Suncorp CEO Steve Johnston cautions, as he advocates for a long-term national resilience plan...

ICA-led delegation heads to US, Europe

24 September 2026

Politicians, government officials and insurance industry leaders will next week depart for Washington DC, New York, Zurich and London to examine how a new set of risks is reshaping the market and driving policy challenges globally...

Govt department fined over child’s Questacon burns  

24 September 2026

A federal government department has been convicted and fined $140,000 after a child visiting the Questacon science and technology centre in Canberra was seriously injured when their hands caught fire...

Strata storm claim turns toxic

24 September 2026

A strata insurer failed to carry out mould remediation in accordance with accepted standards, leaving a property contaminated and its vulnerable occupants without temporary accommodation for more than a year after storm damage, the industry ombudsman has found...

Broker pathways changing as expectations rise

23 September 2026

Insurance broking is transitioning from an informal, experience-driven occupation to a more structured and professional career, driven by generational shifts in education, evolving skill requirements, and the need for clearer entry pathways, a new report says...

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