Daily
Member details exposed, money stolen as hackers hit super funds
04 April 2025
Several major superannuation funds were compromised by cybercriminals over the past week, the industry peak body has confirmed...
Regulator takes IAG NZ to court over pricing, discount breaches
04 April 2025
New Zealand’s Financial Markets Authority has launched court action against IAG over “extensive breaches” of fair trading laws...
Policyholder wins reprieve over undisclosed convictions
04 April 2025
A car owner has won a dispute over his failure to disclose criminal convictions after the complaints authority found he had a “reasonably held subjective belief” he was not required to reveal them...
Home resilience shortfalls drive call for ‘shared responsibility’
03 April 2025
“Build back better” should be central to insurance policies and the federal government could consider extending the cyclone pool as worsening natural disasters reduce affordability, a housing resilience report proposes...
Alfred claims add to wild summer for IAG customers
03 April 2025
IAG has received more than 28,000 claims for damage caused by storms and other extreme weather events in the past few months...
AFCA rules out reversal on car crash claim decision
03 April 2025
The financial services ombudsman has backed an insurer’s at-fault decision and application of a $2300 excess on a car owner’s claim after her son reversed into an oncoming vehicle...
WFI makes $250k donation as floods ‘devastate’ farms
03 April 2025
WFI Insurance has bolstered relief efforts for farming communities struck by catastrophic flooding in western Queensland, making a $250,000 donation to charity Rural Aid...
Alfred, February flood losses pass $1.2 billion
02 April 2025
Insurance losses from Ex-Tropical Cyclone Alfred and the earlier north Queensland floods have topped $1.2 billion, according to industry data...
Gallagher snaps up ‘highly regarded’ brokerage
02 April 2025
Tresidder Insurance Brokers has been acquired by Gallagher, which says the deal strengthens its Australian presence and expertise in manufacturing, food and beverage, biotech and agriculture...
AMA chief leaves as repairer eyes ‘next stage of turnaround’
02 April 2025
Collision repairer AMA Group says CEO Mathew Cooper has departed after holding the top role for 16 months...
INsight podcast: ICA flags resilience remedy as election fever sets in
02 April 2025
The upcoming federal election is the hot topic on the latest episode of the Insurance News podcast...
Strata manager commission axe still likely, CHU chief says
01 April 2025
NSW is becoming more measured in its approach to strata remuneration reforms but the removal of commissions from building managers remains on the cards, CHU Underwriting CEO Kimberley Jonsson has told an investor briefing...
Youi quits Blue Zebra deal, leaves broking channel
01 April 2025
Youi will end its partnership with Blue Zebra after completing a strategic review of its products sold through intermediaries, but the agency says it is close to securing a new underwriter...
MS Amlin taps Aon veteran to run new Sydney office
01 April 2025
Global reinsurer MS Amlin has opened its first branch in Australia and appointed Matt Botfield to lead it...
More dough, please: insurer to pay up after freezer fight
01 April 2025
AIG must cover nearly $250,000 of damage to a pastry dough manufacturer’s freezer room after failing to show its policy excluded the event...
Inquiry backs cyclone pool in final report
28 March 2025
The Joint Select Committee on Northern Australia has published its final report on the operation and implementation of the cyclone reinsurance pool – and urges the federal government to continue supporting the scheme...
Claims farming ban passes NSW parliament
28 March 2025
NSW is a step closer to banning compensation claims farming after the state parliament passed legislation criminalising the “predatory practice”...
Court rejects cover after pig chase porkies
28 March 2025
A farm owner who claimed cover failed to reveal his off-road vehicle flipped and injured a passenger because it hit a pig he was chasing during a night-time hunting trip, a court has found...
Flood-weary Queenslanders face fresh deluge
28 March 2025
More heavy rain is forecast for Queensland this weekend, as the number of councils in the state receiving assistance this disaster season has passed 70...
Storms prompt deadline extension for disaster funding round
27 March 2025
The federal government has extended the application deadline for the next $200 million round of the Disaster Ready Fund due to disruptions caused by Ex-Cyclone Alfred and other severe weather...