insuranceNEWS.com.au - All newsGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auSterling names leader for ‘new chapter’ as veteran MD signs offhttps://www.insurancenews.com.au/daily/sterling-names-leader-for-new-chapter-as-veteran-md-signs-offhttps://www.insurancenews.com.au/daily/sterling-names-leader-for-new-chapter-as-veteran-md-signs-off<p>Sterling Insurance MD and chair Tony Parington will leave at the end of this month after 23 years with the specialist underwriting agency...</p>Wed, 22 Jul 2026 06:22:54 GMTTower hires finance chiefhttps://www.insurancenews.com.au/daily/tower-hires-finance-chiefhttps://www.insurancenews.com.au/daily/tower-hires-finance-chief<p>New Zealand insurer Tower has appointed Len Elikhis as CFO, subject to regulatory approvals...</p>Wed, 22 Jul 2026 06:22:15 GMTToys, not trees, the root cause of sewage spillhttps://www.insurancenews.com.au/daily/toys-not-trees-the-root-cause-of-sewage-spillhttps://www.insurancenews.com.au/daily/toys-not-trees-the-root-cause-of-sewage-spill<p>Hollard has been ordered to pay a home cover claim after the industry ombudsman backed a mother&rsquo;s assertion that a sewage backflow was triggered by her children&rsquo;s toys getting stuck down a drain...</p>Wed, 22 Jul 2026 06:21:07 GMTINsight podcast: the silent AI time bombhttps://www.insurancenews.com.au/daily/insight-podcast-the-silent-ai-time-bombhttps://www.insurancenews.com.au/daily/insight-podcast-the-silent-ai-time-bomb<p>The &ldquo;unpriced and invisible&rdquo; threat posed by rapidly developing agentic AI is among the main topics up for discussion on this week&rsquo;s Insurance News podcast...</p>Wed, 22 Jul 2026 06:19:55 GMTCustomer advocates attack ‘trust deficit’ in insurers’ code redrafthttps://www.insurancenews.com.au/daily/customer-advocates-attack-trust-deficit-in-code-redrafthttps://www.insurancenews.com.au/daily/customer-advocates-attack-trust-deficit-in-code-redraft<p>Consumer groups have issued a 10-point plan they say will address flaws in the proposed updated General Insurance Code of Practice...</p>Tue, 21 Jul 2026 06:32:37 GMTCurium conference examines compliance in ‘world of shocks’https://www.insurancenews.com.au/daily/curium-conference-examines-compliance-in-world-of-shockshttps://www.insurancenews.com.au/daily/curium-conference-examines-compliance-in-world-of-shocks<p>The Curium Risk and Compliance Summit will return in September with the theme From Uncertainty to Confidence...</p>Tue, 21 Jul 2026 06:08:21 GMTThis means war: AFCA backs travel insurer’s Red Sea rejectionhttps://www.insurancenews.com.au/daily/this-means-war-afca-backs-travel-insurer-s-red-sea-rejectionhttps://www.insurancenews.com.au/daily/this-means-war-afca-backs-travel-insurer-s-red-sea-rejection<p>A travel insurer was entitled to use its war and violence exclusion to reject a claim for a cancelled cruise in the Red Sea after the tour operator cited &ldquo;ongoing unrest&rdquo; in the region, the industry ombudsman has ruled...</p>Tue, 21 Jul 2026 06:08:10 GMTPodcast hears from UAC’s class of ’26https://www.insurancenews.com.au/daily/podcast-hears-from-uac-s-class-of-26https://www.insurancenews.com.au/daily/podcast-hears-from-uac-s-class-of-26<p>An Insurance News special podcast features interviews with the experts behind the inaugural Underwriting Agencies Council Leadership Academy...</p>Tue, 21 Jul 2026 06:07:26 GMTAllianz revamps farm coverhttps://www.insurancenews.com.au/corporate/allianz-revamps-farm-coverhttps://www.insurancenews.com.au/corporate/allianz-revamps-farm-cover<p>Allianz Australia has reviewed its farm pack insurance to make it &ldquo;simpler, with more relevant cover&rdquo;...</p>Mon, 20 Jul 2026 05:17:13 GMTRaise takes Cover Genius valuation to $2.7 billionhttps://www.insurancenews.com.au/corporate/raise-takes-cover-genius-valuation-to-2-7-billionhttps://www.insurancenews.com.au/corporate/raise-takes-cover-genius-valuation-to-2-7-billion<p>Embedded insurance giant Cover Genius has completed a $US100 million ($143.79 million) capital raise it says will advance its global expansion and &ldquo;AI-first&rdquo; platform...</p>Mon, 20 Jul 2026 05:17:06 GMTQBE, Blue Zebra extend motor partnershiphttps://www.insurancenews.com.au/corporate/qbe-blue-zebra-extend-motor-partnershiphttps://www.insurancenews.com.au/corporate/qbe-blue-zebra-extend-motor-partnership<p>Blue Zebra has secured a new motor underwriting agreement with capacity provider QBE after the pact signed last year expired...</p>Mon, 20 Jul 2026 05:16:43 GMTIndustry urged to collaborate on ‘agent economy’ riskhttps://www.insurancenews.com.au/local/industry-urged-to-collaborate-on-agent-economy-riskhttps://www.insurancenews.com.au/local/industry-urged-to-collaborate-on-agent-economy-risk<p>The speed of AI development has made its risk largely unpriced and invisible, and it is a time bomb for insurers, a new report says...</p>Mon, 20 Jul 2026 05:07:04 GMTAFCA sets bar for benefit recovery in IP rowhttps://www.insurancenews.com.au/life-insurance/afca-sets-bar-for-benefit-recovery-in-ip-rowhttps://www.insurancenews.com.au/life-insurance/afca-sets-bar-for-benefit-recovery-in-ip-row<p>Recovery of paid benefits is a &ldquo;significant step&rdquo; and &ldquo;only available to an insurer in extraordinary circumstances&rdquo;, the financial services ombudsman says in a dispute ruling...</p>Mon, 20 Jul 2026 04:54:38 GMTInsurer called out over failure to connect with rejected applicantshttps://www.insurancenews.com.au/life-insurance/insurer-called-out-over-failure-to-connect-with-rejected-applicantshttps://www.insurancenews.com.au/life-insurance/insurer-called-out-over-failure-to-connect-with-rejected-applicants<p>The industry has been reminded to contact customers through multiple channels after a life insurer failed to notify applicants of its decisions not to offer cover...</p>Mon, 20 Jul 2026 04:54:29 GMTAdvisers slam ‘crippling’ ASIC levyhttps://www.insurancenews.com.au/life-insurance/advisers-slam-crippling-asic-levyhttps://www.insurancenews.com.au/life-insurance/advisers-slam-crippling-asic-levy<p>Financial Advice Association Australia has hit out at the corporate regulator over a projected rise in 2025-26 levies...</p>Mon, 20 Jul 2026 04:54:22 GMTCALI renews push for advice reformshttps://www.insurancenews.com.au/life-insurance/cali-renews-push-for-advice-reformshttps://www.insurancenews.com.au/life-insurance/cali-renews-push-for-advice-reforms<p>Only one in three Australians understands their life insurance and the benefits provided, a survey by the industry peak body has found...</p>Mon, 20 Jul 2026 04:54:12 GMTInsurer sorry for ‘customer service failure’ affecting transgender womanhttps://www.insurancenews.com.au/local/insurer-sorry-for-customer-service-failure-affecting-transgender-womanhttps://www.insurancenews.com.au/local/insurer-sorry-for-customer-service-failure-affecting-transgender-woman<p>An insurer has apologised to a transgender woman who criticised financial services companies over the challenges she faced trying to update her personal details...</p>Mon, 20 Jul 2026 04:53:22 GMTCode committee to reveal findings on vulnerability measureshttps://www.insurancenews.com.au/local/code-committee-to-reveal-findings-on-vulnerability-measureshttps://www.insurancenews.com.au/local/code-committee-to-reveal-findings-on-vulnerability-measures<p>The General Insurance Code Governance Committee says it will soon release findings from its inquiry into the industry&rsquo;s handling of temporary accommodation for vulnerable customers...</p>Mon, 20 Jul 2026 04:52:57 GMTInjured farm worker wins payout battlehttps://www.insurancenews.com.au/local/injured-farm-worker-wins-payout-battlehttps://www.insurancenews.com.au/local/injured-farm-worker-wins-payout-battle<p>WorkCover Queensland must indemnify a man injured while repairing a tractor after an appeals court found he was employed by a family company even though there was no written employment contract...</p>Mon, 20 Jul 2026 04:52:34 GMTAon flags new wave of demand for M&A protectionhttps://www.insurancenews.com.au/local/aon-flags-new-wave-of-demand-for-m-and-a-protectionhttps://www.insurancenews.com.au/local/aon-flags-new-wave-of-demand-for-m-and-a-protection<p>Disclosure failures, financial statement inaccuracies, compliance breaches and tax exposure are all driving growth in transactional risk insurance, according to Aon...</p>Mon, 20 Jul 2026 04:52:25 GMT