insuranceNEWS.com.au - All newsGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auCost-of-living crisis drives rise in ombudsman caseloadhttps://www.insurancenews.com.au/daily/cost-of-living-crisis-drives-rise-in-ombudsman-caseloadhttps://www.insurancenews.com.au/daily/cost-of-living-crisis-drives-rise-in-ombudsman-caseload<p>Household financial stress is contributing to record numbers of disputes, Australian Financial Complaints Authority chief ombudsman David Locke says...</p>Tue, 28 Apr 2026 06:28:44 GMTLockton demands court clampdown on three more Aviso hireshttps://www.insurancenews.com.au/daily/lockton-demands-court-clampdown-on-three-more-aviso-hireshttps://www.insurancenews.com.au/daily/lockton-demands-court-clampdown-on-three-more-aviso-hires<p>Lockton has launched legal action against more former employees who joined competing brokerage Aviso Specialty...</p>Tue, 28 Apr 2026 06:28:29 GMTNTI polishes up Ruby for annual truck rafflehttps://www.insurancenews.com.au/daily/nti-polishes-up-ruby-for-annual-truck-rafflehttps://www.insurancenews.com.au/daily/nti-polishes-up-ruby-for-annual-truck-raffle<p>NTI has restored a 1947 Chevrolet Maple Leaf truck for its annual raffle to support motor neurone disease research...</p>Tue, 28 Apr 2026 06:07:24 GMTPremium row not a sorry situation, AFCA findshttps://www.insurancenews.com.au/daily/premium-row-not-a-sorry-situation-afca-findshttps://www.insurancenews.com.au/daily/premium-row-not-a-sorry-situation-afca-finds<p>Auto &amp; General does not have to apologise to a former customer after more than doubling his home contents premium, the financial services ombudsman has ruled...</p>Tue, 28 Apr 2026 06:05:47 GMTChubb, AIG leaders exit in executive shufflehttps://www.insurancenews.com.au/breaking-news/chubb-aig-leaders-exit-in-executive-shufflehttps://www.insurancenews.com.au/breaking-news/chubb-aig-leaders-exit-in-executive-shuffle<p>Chubb&rsquo;s country president for Australia and New Zealand Ben Howell and AIG Australia CEO Kathleen Warden are leaving their roles, insuranceNEWS.com.au can confirm...</p>Tue, 28 Apr 2026 04:44:28 GMTCanberra urged to back councils on ‘front line’ of flood fighthttps://www.insurancenews.com.au/regulatory-government/canberra-urged-to-back-councils-on-front-line-of-flood-fighthttps://www.insurancenews.com.au/regulatory-government/canberra-urged-to-back-councils-on-front-line-of-flood-fight<p>The Insurance Council of Australia has pressed for more federal funding to help local governments with flood resilience work...</p>Mon, 27 Apr 2026 04:41:22 GMTSilent alarm: insurers ‘moving to shut down AI exposures’https://www.insurancenews.com.au/local/silent-alarm-insurers-moving-to-shut-down-ai-exposureshttps://www.insurancenews.com.au/local/silent-alarm-insurers-moving-to-shut-down-ai-exposures<p>Underwriters are quickly adding exclusions as courts start to hold companies responsible for harm from AI tools...</p>Mon, 27 Apr 2026 04:32:28 GMTBureau flags dry spell for eastern Australiahttps://www.insurancenews.com.au/local/bureau-flags-dry-spell-for-eastern-australiahttps://www.insurancenews.com.au/local/bureau-flags-dry-spell-for-eastern-australia<p>Eastern Australia and parts of the southwest are likely to receive below-average rainfall from May to July, the Bureau of Meteorology says in its latest long-range forecast...</p>Mon, 27 Apr 2026 04:32:07 GMTEl Nino may return – but the outlook remains cloudy for nowhttps://www.insurancenews.com.au/analysis/el-nino-may-return-but-the-outlook-remains-cloudy-for-nowhttps://www.insurancenews.com.au/analysis/el-nino-may-return-but-the-outlook-remains-cloudy-for-now<p>A dry outlook for eastern Australia over the next three months and talk of a possible strong or &ldquo;super&rdquo; El Nino is generating unease about drought and fire risks, but the Bureau of Meteorology cautions many factors are at play...</p>Mon, 27 Apr 2026 04:17:57 GMTStaffer charged over alleged data theft at NSW Treasuryhttps://www.insurancenews.com.au/regulatory-government/staffer-charged-over-alleged-data-theft-at-nsw-treasuryhttps://www.insurancenews.com.au/regulatory-government/staffer-charged-over-alleged-data-theft-at-nsw-treasury<p>Police have charged a NSW Treasury staff member with stealing sensitive documents following an investigation into an alleged data breach at the department...</p>Mon, 27 Apr 2026 04:10:12 GMTASIC warns four finfluencers amid crackdown on ‘so-called experts’https://www.insurancenews.com.au/regulatory-government/asic-warns-four-finfluencers-amid-crackdown-on-so-called-expertshttps://www.insurancenews.com.au/regulatory-government/asic-warns-four-finfluencers-amid-crackdown-on-so-called-experts<p>The corporate regulator has issued warning notices to four social media &ldquo;finfluencers&rdquo; regarding unlicensed financial advice and misleading and deceptive conduct...</p>Mon, 27 Apr 2026 04:10:02 GMTSIRA seeks feedback on workers’ comp reformshttps://www.insurancenews.com.au/regulatory-government/sira-seeks-feedback-on-workers-comp-reformshttps://www.insurancenews.com.au/regulatory-government/sira-seeks-feedback-on-workers-comp-reforms<p>Consultation has opened on draft changes to the NSW workers&rsquo; compensation scheme after state parliament passed the government&rsquo;s reforms in February...</p>Mon, 27 Apr 2026 04:09:43 GMTState taskforce to co-ordinate bushfire mitigationhttps://www.insurancenews.com.au/regulatory-government/state-taskforce-to-co-ordinate-bushfire-mitigationhttps://www.insurancenews.com.au/regulatory-government/state-taskforce-to-co-ordinate-bushfire-mitigation<p>The NSW government has established a multiagency taskforce to enhance bushfire hazard reduction efforts...</p>Mon, 27 Apr 2026 04:09:31 GMTBeazley investors back Zurich dealhttps://www.insurancenews.com.au/international/beazley-investors-back-zurich-dealhttps://www.insurancenews.com.au/international/beazley-investors-back-zurich-deal<p>Beazley shareholders have voted in favour of Zurich&rsquo;s &pound;8.1 billion ($15.3 billion) takeover offer, paving the way for the deal to be completed in the second half of this year...</p>Mon, 27 Apr 2026 04:08:16 GMT‘Amateurish’ AI images a feature of exaggerated claimshttps://www.insurancenews.com.au/international/amateurish-ai-images-a-feature-of-exaggerated-claimshttps://www.insurancenews.com.au/international/amateurish-ai-images-a-feature-of-exaggerated-claims<p>Artificial intelligence is increasingly used to doctor photos and exaggerate insurance claims, according to Admiral Group...</p>Mon, 27 Apr 2026 04:08:09 GMTTraditional views on cat risk ‘no longer sufficient’https://www.insurancenews.com.au/international/traditional-views-on-cat-risk-no-longer-sufficienthttps://www.insurancenews.com.au/international/traditional-views-on-cat-risk-no-longer-sufficient<p>Economic losses from flooding topped $US42 billion ($59 billion) worldwide last year and have reached $US2 trillion ($2.8 trillion) since 2000, Aon says...</p>Mon, 27 Apr 2026 04:07:46 GMT‘Excellent’ underwriting powers Chubb Q1 earningshttps://www.insurancenews.com.au/international/excellent-underwriting-powers-chubb-q1-earningshttps://www.insurancenews.com.au/international/excellent-underwriting-powers-chubb-q1-earnings<p>Chubb has posted a 74.3% rise in net income to $US2.32 billion ($3.23 billion) for the first quarter...</p>Mon, 27 Apr 2026 04:07:35 GMTBelow-average cat bill leaves reinsurers well placedhttps://www.insurancenews.com.au/international/below-average-cat-bill-leaves-reinsurers-well-placedhttps://www.insurancenews.com.au/international/below-average-cat-bill-leaves-reinsurers-well-placed<p>Reinsurers are in an &ldquo;even better position&rdquo; after first-quarter natural catastrophe losses fell below past averages, according to Gallagher Re...</p>Mon, 27 Apr 2026 04:06:33 GMTShip collision case heads to Chinahttps://www.insurancenews.com.au/local/ship-collision-case-heads-to-chinahttps://www.insurancenews.com.au/local/ship-collision-case-heads-to-china<p>The Federal Court has refused to allow legal action in Australia over two ships that collided in Chinese territorial waters...</p>Mon, 27 Apr 2026 04:03:36 GMTOmbudsman ‘cannot make insurers’ fund climate upgradeshttps://www.insurancenews.com.au/local/ombudsman-cannot-make-insurers-fund-climate-upgradeshttps://www.insurancenews.com.au/local/ombudsman-cannot-make-insurers-fund-climate-upgrades<p>New Zealand&rsquo;s financial services ombudsman has warned policyholders to be aware of coverage limitations after ruling against a family who wanted their floor level raising in a rebuild after flood damage...</p>Mon, 27 Apr 2026 04:03:26 GMT