Local
Two-year transition expected for first enforceable code
29 June 2026
The Insurance Council of Australia anticipates a 24-month transition period for its updated code of practice, which will be made enforceable through contracts...
‘Not reasonable’: insurer failed to explain premium error
29 June 2026
A motorist has won $2000 compensation after battling for more than two years to get a proper explanation for soaring premiums...
Blanket cladding exclusions ‘disregard actual risk’
29 June 2026
Policy exclusions for flammable polyethylene cladding fail to consider varying risk profiles such as the height of a building, its use and the nature of occupants, an expert says...
Bosses flag global turmoil, AI as key risks
29 June 2026
About 72% of business leaders worldwide say geopolitical risk is having a direct commercial impact on their operations, up from less than half a year earlier, according to a study by Clyde & Co...
Insurers respond to revised Gulf travel warning
22 June 2026
Travel insurers have made coverage updates after the federal government lowered its risk assessment for the Middle East...
El Nino expected to persist through year
22 June 2026
An El Nino under way in the tropical Pacific Ocean is likely to strengthen and continue until at least the end of the year, the Bureau of Meteorology says...
Partner cleared to sue over 2005 crash death
22 June 2026
A woman whose partner died in a motorcycle accident more than 20 years ago can pursue the bike owner’s compulsory third party insurer for compensation, a court has ruled...
‘Modest increase’ in contents replacement costs lags CPI
22 June 2026
Contents replacement costs have increased at less than one-third the rate of headline inflation due to differences in their drivers, an annual report by data firm Sum Insured says...
Suncorp ‘explored every other option’ before quitting tobacco retailers
15 June 2026
Suncorp stopped providing insurance to tobacconist clients last year, a federal parliamentary inquiry has heard...
Insurer ad budgets blow out as consumers shop around
15 June 2026
Insurance advertising spending grew 11% last year as the Australian market entered a “sharper contest for value-conscious consumers”, market research group Nielsen says...
NZ catastrophe scheme secures record reinsurance
15 June 2026
New Zealand’s natural peril insurance scheme says it is “better placed to respond” after securing a record $NZ12.3 billion ($10.17 billion) in reinsurance for the next year...
Ombudsman issues hail damage complaints guide
15 June 2026
Complaints about roof repairs and broken solar panels feature in a new hail damage external dispute resolution response guide from the industry ombudsman...
ICA, ICNZ join forces for resilience push
15 June 2026
The Australian and New Zealand insurance councils will co-ordinate advocacy efforts and share expertise under a formal arrangement aiming to improve regional resilience...
Investments dent industry profit
01 June 2026
The general insurance industry’s earnings fell steeply in the March quarter while the householders line narrowed its losses, according to Australian Prudential Regulation Authority data...
‘Don’t just blame your staff for code breaches’
01 June 2026
The General Insurance Code Governance Committee says insurers must prioritise data to find the underlying causes of breaches, rather than just blaming staff...
Commonwealth files $2 billion suit over forever chemicals
01 June 2026
The federal government has launched a landmark legal bid for $2 billion in damages over contamination clean-ups linked to firefighting foams...
Firebomb victim sees ‘best side of people’ during recovery effort
01 June 2026
A hospitality business owner has praised his broker and insurer for providing a “seamless” claims process after his drinks warehouse was gutted in an arson attack...
Perils lifts November storms loss tally
01 June 2026
Storms that hit Queensland and NSW last November caused insured losses of $2.94 billion, Swiss data company Perils estimates...
Text alerts, siren sounds to signal emergency warning trial
01 June 2026
The new AusAlert national warning system that sends texts about bushfire, flood and cyclone threats will be tested across Australia on July 27...
FM maps hail threat as losses mount
01 June 2026
Commercial property insurer FM has launched a global hail hazard map in response to rising losses...