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Industry bodies bemoan ‘killer’ premiums as inquiry hearings begin

Wed, 06 May 2026 06:24:36 GMT

High insurance premiums are a “real killer” for small businesses, a federal parliamentary inquiry heard today...

Prices ‘continue to soften’ but war casts shadow over market

Wed, 06 May 2026 05:43:18 GMT

Australian pricing fell 11%-20% in the first quarter amid abundant capacity and broader coverage, while the Middle East conflict adds uncertainty to the global outlook, according to an Aon report...

‘Dynamic leader’ takes reins as Sedgwick fills top jobs

Wed, 06 May 2026 05:41:45 GMT

Sedgwick has made Simon Kay CEO of its Australian business under a new leadership line-up following the retirement last year of former chief Diego Ascani...

INsight podcast: talking affordability action plans

Wed, 06 May 2026 03:46:13 GMT

Home insurance affordability challenges and what to do about them are discussed in detail on the latest episode of the Insurance News podcast...

icare executive roles hit by 'changes'

Tue, 05 May 2026 06:25:19 GMT

An unspecified number of high-level icare staff will be affected by changes announced today by the NSW state insurer...

Lawyers slam industry as small business inquiry starts hearings

Tue, 05 May 2026 06:12:06 GMT

A federal parliamentary inquiry into insurance challenges facing small businesses, charities and community groups will begin public hearings tomorrow as lawyers argue against “cutting compensation rights”...

Half measure a fair remedy for insured’s double trouble

Tue, 05 May 2026 06:11:52 GMT

The industry ombudsman has backed an insurer in a dispute over dual insurance, after a property owner accidentally doubled up on home and contents policies...

Allied World adds third Australian branch

Mon, 04 May 2026 23:17:50 GMT

Allied World has opened an office in Melbourne as part of a broader strategy to strengthen its position in key regional markets...

Councils ‘more resolved’ to pursue regional mutual

Mon, 04 May 2026 05:32:36 GMT

A group of regional councils are continuing to explore a mutual insurance option after a roundtable last week highlighted frustrations at a lack of affordable cover...

Move to EVs ‘drives up claim costs’

Mon, 04 May 2026 05:32:30 GMT

Insurance consequences from the shift towards electric vehicles include a higher claims cost severity, according to Taylor Fry...

In-office mandates during fuel crisis ‘beggar belief’

Mon, 04 May 2026 05:32:20 GMT

Not every insurer has heeded employees’ requests to work from home amid the fuel price crisis, the Finance Sector Union says...

Inquiry considers ESL replacement models

Mon, 04 May 2026 05:28:41 GMT

The NSW government has established a framework for replacing the emergency services levy with an alternative based on land values but does not have a preferred model among five options, a discussion paper says...

Judgment reserved in ASIC case against IAG

Mon, 04 May 2026 05:25:41 GMT

Federal Court hearings have concluded in the Australian Securities and Investments Commission case against IAG over home insurance loyalty discounts...

Baltimore bridge losses climb towards $4 billion

Mon, 04 May 2026 05:25:31 GMT

Total insurance losses from the Baltimore bridge disaster are expected to exceed $US2.8 billion ($3.9 billion), reflecting a broader range of liabilities than initially anticipated, Howden Re says...

Cyclone pool coverage reaches 3.2 million sites

Mon, 04 May 2026 04:36:55 GMT

The latest cyclone reinsurance pool data shows about 3.2 million properties with an aggregate exposure of more than $2.4 trillion were covered at December 31...

NSW committee calls for reforms after CTP review

Mon, 04 May 2026 04:36:39 GMT

The latest NSW compulsory third party scheme review has recommended trauma training for all claims managers and a requirement for insurers to make clear how people can participate in decision reviews...

State consults on overhaul of injured workers’ rights

Mon, 04 May 2026 04:36:31 GMT

Victorians can provide feedback on a new draft code of claimants’ rights under the state workers’ compensation scheme...

Supervisors weigh approaches to fair value

Mon, 04 May 2026 04:36:21 GMT

The International Association of Insurance Supervisors is seeking feedback on a draft issues paper about consumer value for money...

El Nino possible within months as ocean warms

Mon, 04 May 2026 04:26:42 GMT

An El Nino may form this winter as tropical Pacific Ocean sea surface temperatures continue to climb, the Bureau of Meteorology says...

Judge rejects church sexual misconduct policy change

Mon, 04 May 2026 04:26:32 GMT

The Federal Court has dismissed an application by Allianz to reduce the limit for sexual misconduct claims on a professional indemnity policy...