Daily
Brokers fear further cuts as Hollard slashes commissions
20 May 2025
Hollard has again cut broker commissions on home cover and other personal lines sold on the Steadfast Client Trading Platform – stirring fears other insurers will follow suit and domestic products may soon become unviable in the intermediated space...
Suncorp offers access to address-level peril risks
20 May 2025
Australians can now access tailored resilience reports and videos detailing their properties’ individual weather risks...
NSW storms bring intense rain, floods
20 May 2025
Insurers are monitoring the impact from storms that have brought heavy rainfall and flooding to the Hunter and Mid North Coast regions of NSW...
AFCA lets insurer put brake on claim, but overturns fraud finding
20 May 2025
The financial services ombudsman has allowed QBE to pause a vehicle damage claim until its policyholder provides more information, but it says the insurer’s fraud allegation remains unproven...
Motor club deals ‘no good for consumers, repairers’
16 May 2025
The Motor Trades Association of Australia says IAG’s proposed deal with RAC – alongside two similar transactions awaiting clearance – “marks the beginning of the end” for locally owned motoring club insurance...
BOQ axes premium funding
16 May 2025
Bank of Queensland will stop offering insurance premium funding from next month...
NSW workers’ comp finances suffering ‘fast deterioration’
16 May 2025
The NSW government has warned its nominal insurer workers’ compensation scheme will “plunge further into deficit” without reforms around liability and entitlements for psychological injury...
‘No compelling evidence’: AFCA rejects fraud allegation after car theft
16 May 2025
A motor policyholder has won a dispute with his insurer, which alleged his theft claim was fraudulent after a “wholly unsatisfactory” investigation that has drawn criticism from the complaints authority...
IAG flags earnings boost amid favourable perils trend
15 May 2025
IAG says natural perils costs for the financial year so far are about $250 million lower than expected and profit will jump if the trend continues...
Just a flesh wound: court rules on skin-deep injuries
15 May 2025
Skin injuries are “threshold” wounds unless they involve nerve damage, meaning payout limitations apply under NSW motor accident laws, a court has ruled...
Zurich names new Australia-NZ, Asia-Pacific SME leaders
15 May 2025
Zurich digital portfolio manager James Garrett will become head of SME general insurance in Australia and New Zealand...
Pipe palaver ends in compensation, but no payout boost
15 May 2025
Homeowners who sought cover for extra costs after their burst pipe claim was settled have lost their bid before the dispute authority but have won compensation for their insurer’s delays...
Everest regional head named ANZIIF president
14 May 2025
The Australian and New Zealand Institute of Insurance and Finance has named Everest Insurance Asia-Pacific head Scott Leney as president...
Businesses underprepared for ‘sneaky threats’
14 May 2025
Almost one-quarter of Australian businesses rank climate risks such as flood and bushfire as low or medium priorities, an FM survey has found...
Arson-hit property investors overturn fraud allegation
14 May 2025
A property investment group has won a payout for tenant arson after challenging its insurer’s allegation that it fraudulently misrepresented its building’s use when buying cover...
INsight podcast: getting the measure of our new minister
14 May 2025
The appointment of Daniel Mulino as Financial Services Minister is the main discussion point on the latest episode of the Insurance News podcast...
Call to step up security as data breaches soar
13 May 2025
Businesses and government agencies reported 1113 data breaches last year, up by a quarter on 2023 to the highest number since notification became mandatory...
‘Late to the party’: ICA predicts government partnership on weather risk
13 May 2025
Insurance Council of Australia CEO Andrew Hall says “some sort of public/private partnership” is likely as the nation faces up to natural disaster risks and rising premiums...
Industry to lobby new ministers on mitigation, LMI
13 May 2025
The Insurance Council of Australia will press the case for increased flood defence spending with new Financial Services Minister Daniel Mulino and National Emergency Management Minister Kristy McBain, who were sworn in this morning...
Ombudsman sides with claimant in fire fight
13 May 2025
A business has successfully challenged its insurer’s claim denial following a switchboard fire, persuading the financial services ombudsman its loss should be covered...