IAG fined $479k over CTP failings
27 October 2026
The NSW State Insurance Regulatory Authority has imposed a $479,500 penalty on IAG for customer overcharges and under-refunds at its NRMA Insurance brand...
Regulatory & Government
Small business cover inquiry pushes back report
27 October 2026
A federal parliamentary inquiry into small business insurance will table its recommendations in late February after a four-month extension to its reporting timetable...
Labor lines up Victorian strata commissions ban
26 October 2026
Victoria’s Labor government says it will ban strata managers from taking commissions or payments that influence purchases of insurance, repairs and other services...
Sector experts sought for innovation committee
26 October 2026
The Albanese government is seeking expressions of interest in joining its new Financial Innovation Committee...
Insurance, risk reduction key to north Australia growth plans, Canberra told
26 October 2026
Federal MPs examining northern Australia’s economic potential have been told insurance is vital to developing the resource-rich but catastrophe-prone region...
Disaster Ready Fund picks Victorian, Queensland projects
26 October 2026
The federal government has announced the Victorian and Queensland projects that will receive support under the Disaster Ready Fund’s fourth round, which will allocate $142.5 million nationally...
ICNZ demands ‘pivot’ to disaster preparation as poll looms
26 October 2026
The Insurance Council of New Zealand has urged the next government to prioritise climate adaptation, resilience projects and funding to reduce exposure to natural hazards...
State rolls out more AI-enabled bushfire detectors
26 October 2026
Victoria is expanding its network of AI-powered bushfire cameras to detect blazes earlier, the state government says...
‘Consistency is key’: ICA backs Victoria’s property flood risk reform
23 October 2026
The Insurance Council of Australia says Victorian planning reforms will make it less likely that homes are built in places known to flood and can help improve cover affordability...
Regulator urged to consult on code before approval call
23 October 2026
The Australian Securities and Investments Commission should seek further feedback on the new insurance code of practice, as the version submitted for approval falls short in key areas, consumer groups say...
Flawed consultations ‘endemic in government’
23 October 2026
The Insurance Council of Australia has joined other peak bodies to attack the federal government’s “inadequate” consultations on complex legislative and regulatory reforms...
AFCA warns on AI submissions as complaints surge to new record
22 October 2026
The industry ombudsman has warned the use of artificial intelligence to lodge complaints could hinder its resolution processes, after caseloads reached record volumes in 2025-26...
Regulator seeks feedback on RAC deal promises
19 October 2026
The competition watchdog has called for feedback by Wednesday on IAG’s public benefit commitments supporting the planned acquisition of RAC Insurance...
MPs’ artificial intelligence inquiry offers early advice
19 October 2026
A parliamentary inquiry into AI has written to the Prime Minister ahead of its reporting date with advice on safeguards, data centre standards and action needed to support local capabilities...
Workers’ comp review spotlights insurers
19 October 2026
Stronger monitoring and regulation of insurers is central to maintaining a robust Queensland workers’ compensation scheme, according to an independent review...
Bosses ‘need to know AI risk’ as power grows
19 October 2026
New Zealand financial services groups have been told they are expected to maintain cybersecurity strategies and frameworks that address threats as AI becomes more prevalent...
State strata review proposes commission disclosure reforms
16 October 2026
A WA strata review has proposed reforms requiring clearer disclosure of manager fees, charges and commissions, and improvements around conflicts of interest...
Recycling business charged after worker injured by explosion
15 October 2026
Victoria’s WorkSafe is taking a scrap recycling business to court after a worker was seriously injured in an explosion...
Advice group cops $1.3m ‘sting’ over cyber failings
14 October 2026
Financial advice group Fortnum Private Wealth has been fined $1.35 million over cybersecurity lapses including a data breach in 2022 that affected more than 9000 clients...
Cyclone pool claims top $1.6b
12 October 2026
The cyclone pool has received 133,078 claims to date with a total net incurred value of about $1.65 billion, the latest statistics report says...