Daily
ICA declares NSW floods a catastrophe
27 May 2025
The Insurance Council of Australia has upgraded its classification for the NSW floods, labelling them a catastrophe due to the “breadth and severity” of the damage...
Competition watchdog sets date for RAA decision
27 May 2025
The competition regulator expects to reveal its decision on Allianz Australia’s planned acquisition of RAA’s insurance business next month...
NSW tweaks workplace injury reforms
27 May 2025
The NSW government is going ahead with its overhaul of workplace compensation laws aimed at tackling the rise in mental injury claims...
Insurer to repay GAP premium 13 years after unfair sale
27 May 2025
A consumer who argued he was “ripped off” by his insurer and its selling agent when he bought a guaranteed asset protection policy for a $31,000 vehicle loan has won his bid for a refund...
Commission cut offers ‘viable path’ forward, Kelly tells brokers
23 May 2025
Steadfast says a 10% commission is the best way to ensure the long-term viability of personal lines products in the broking space, after Hollard this week announced a cut from 15%...
PM ‘very conscious’ of rising climate risks
23 May 2025
Prime Minister Anthony Albanese says his government is engaging with insurers as weather events such as this week’s NSW floods become more intense and costs rise...
No room for complaint as AFCA backs premium rise
23 May 2025
A homeowner has lost a dispute after his premium soared when he added partitions to his property and increased the number of rooms...
QBE ‘doubling down’ on cyber threats
23 May 2025
As cyber risks grow and regulations tighten, QBE says it is ramping up efforts to support brokers and their customers...
NSW weather warnings widen as deluge continues
22 May 2025
Major flooding and heavy rain continued in the NSW Mid North Coast region today as the Bureau of Meteorology warned more areas will be affected by severe weather and insurers started receiving claims...
Ex-QBE manager becomes RAA insurance GM
22 May 2025
SA motoring club RAA has recruited Lisa Daley to the newly created position of GM insurance...
‘Never-ending tail’: Tower calls for Canterbury claims shut-off
22 May 2025
Insurer Tower has called on the New Zealand government to legislate final time limits on Canterbury earthquake claims, to provide certainty and “bring about closure”...
Claimants win payout after solar flare-up
22 May 2025
Homeowners who suffered damage to their solar power system will have most of their repair costs covered after an ombudsman rejected their insurer’s application of an electronic malfunction exclusion...
Jobs face axe under CGU-WFI shake-up
21 May 2025
IAG’s intermediated division restructure has led to job losses, with final numbers unclear as redeployment opportunities are considered...
Mid North Coast, Hunter flooding labelled ‘significant’
21 May 2025
The Insurance Council of Australia has declared floods in NSW a significant event, as heavy rain continues...
Battered traveller denied expenses payouts
21 May 2025
A holidaymaker who was assaulted three times in just over a month while travelling has lost a dispute with his insurer after claiming for tens of thousands of dollars in expenses...
INsight podcast: Lloyd's talks tough as market swings
21 May 2025
A stark warning on underwriting discipline by the incoming Lloyd's CEO is the main topic of debate on the latest episode of the Insurance News podcast...
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...