Victorian bushfire loss estimate climbs to $860 million
20 July 2026
Perils estimates the January bushfires in Victoria cost insurers $860 million, up from its previous assessment of $786 million and initial calculation of $810 million...
Local
ICA hosts forum for storm victims
20 July 2026
Policyholders with unresolved claims from November’s Port Pirie storm have been invited to attend information sessions run by the Insurance Council of Australia...
‘Why are brokers afraid of disclosing remuneration?’ asks code compliance chief
13 July 2026
Chairman of the Insurance Brokers Code Compliance Committee Oscar Shub says a U-turn on remuneration disclosure for small businesses could damage the industry’s reputation, and the oversight body will fight the move...
El Nino threatens utilities, farmers: Fitch
13 July 2026
Utilities and agriculture are among the most exposed sectors in Australia under El Nino conditions, Fitch Ratings has warned...
Software group loses bid to overturn retention ruling
13 July 2026
The Federal Court has dismissed software company Nuix’s action against insurers concerning how retentions are applied when there are claims on two types of cover...
Water storage and release tipped to tackle NSW floods
13 July 2026
The impact of large floods in the NSW Northern Rivers region could be reduced by building infrastructure to store and release water, CSIRO has found...
IAG polling supports levy reform case
13 July 2026
Community polling commissioned by IAG has found only 7% of NSW voters support the current emergency services levy funding model...
Safety fears on menu as food makers face smorgasbord of risks
13 July 2026
The food and drinks industry is losing confidence in its ability to manage risk in an increasingly volatile environment marked by surging litigation, according to a report from broker Willis...
Reinsurance renewals continue softer trend
06 July 2026
Softer global reinsurance market conditions benefited Australian underwriters at the mid-year renewals, while insurer consolidation and the cyclone pool have affected demand...
Code watchdog’s review a ‘wake-up call on poverty taxes’
06 July 2026
Consumer rights campaigners have added to the pressure on insurers to be more transparent on the additional cost of paying premiums by instalments...
Complaints lead to check on industry oversight of motor repairers
06 July 2026
The General Insurance Code Governance Committee will examine the industry’s oversight of motor workshops after a surge in complaints over delays and repair outcomes....
Trade-offs required as risk protection gap widens, researchers say
06 July 2026
Natural disasters are increasing in frequency and severity, and insurance is a societal good that needs to be sustained, a University of Queensland report says...
Bureau takes over Melbourne flood forecasts
06 July 2026
The Bureau of Meteorology has taken responsibility for making riverine flood forecasts and warnings across Greater Melbourne, in a bid to streamline the system and improve public access to information...
Uni to explore parametric cover for sports showpieces
06 July 2026
Researchers will investigate whether parametric insurance can better protect sporting events against cancellations caused by extreme weather and other major risks...
Forecasters warn on winter tornadoes
06 July 2026
Australia is in the middle of a seasonal phenomenon that is little discussed but a regular source of multimillion-dollar insurance losses, the Bureau of Meteorology says...
Kiwis fear being ‘left behind’ as climate dangers mount
06 July 2026
New Zealanders expect climate hazards to worsen and are increasingly concerned about obtaining insurance in the future, an IAG survey has found...
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...