insuranceNEWS.com.au - All newsGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auFire threat, coverage shortfall ‘slowing clean power shift’https://www.insurancenews.com.au/daily/fire-threat-coverage-shortfall-slowing-clean-power-shifthttps://www.insurancenews.com.au/daily/fire-threat-coverage-shortfall-slowing-clean-power-shift<p>Risks associated with electricity poles and wires are making them uninsurable, threatening the transition to renewable energy, a specialist lawyer has warned...</p>Thu, 15 Jan 2026 03:46:32 GMTNovember storms bill tops $2.6 billion: Perilshttps://www.insurancenews.com.au/daily/november-storms-bill-tops-2-6-billion-perilshttps://www.insurancenews.com.au/daily/november-storms-bill-tops-2-6-billion-perils<p>Storms in NSW and Queensland last November cost insurers about $2.66 billion, Perils says in an initial estimate...</p>Thu, 15 Jan 2026 03:45:38 GMTHW International name change nods to founder’s legacyhttps://www.insurancenews.com.au/daily/hw-international-name-change-nods-to-founder-s-legacyhttps://www.insurancenews.com.au/daily/hw-international-name-change-nods-to-founder-s-legacy<p>HW International, a privately held broking group with offices in Europe and Australia, will change its trading name to Dubois following divestments and a move to new ownership...</p>Thu, 15 Jan 2026 03:25:35 GMTGold-class traveller denied weather payouthttps://www.insurancenews.com.au/daily/gold-class-traveller-denied-weather-payouthttps://www.insurancenews.com.au/daily/gold-class-traveller-denied-weather-payout<p>The financial services ombudsman has backed an insurer&rsquo;s decision to deny a claim for a cancelled holiday because the policyholder did not buy optional natural disaster cover...</p>Thu, 15 Jan 2026 03:20:00 GMTAI emerges as key concern for Australian businesseshttps://www.insurancenews.com.au/daily/ai-emerges-as-key-concern-for-australian-businesseshttps://www.insurancenews.com.au/daily/ai-emerges-as-key-concern-for-australian-businesses<p>Australian executives fear the downsides of artificial intelligence, according to Allianz&rsquo;s annual global risk survey...</p>Wed, 14 Jan 2026 05:11:40 GMTBrokers flag ‘critical’ flaw in TasInsure modelhttps://www.insurancenews.com.au/daily/brokers-flag-critical-flaw-in-tas-insure-modelhttps://www.insurancenews.com.au/daily/brokers-flag-critical-flaw-in-tas-insure-model<p>Tasmania&rsquo;s plans for a state-owned insurer fail to consider the need for customer advice, which is a &ldquo;critical omission&rdquo;, while the proposed design could distort the market and increase risks for the government, brokers warn...</p>Wed, 14 Jan 2026 04:45:52 GMTCapital surge stokes ‘competitive tension’ at January renewalshttps://www.insurancenews.com.au/daily/capital-surge-stokes-competitive-tension-at-january-renewalshttps://www.insurancenews.com.au/daily/capital-surge-stokes-competitive-tension-at-january-renewals<p>Rates fell in the January reinsurance renewals, in some cases down to 2022 levels, as excess capital drove &ldquo;fierce&rdquo; competition, according to global brokers...</p>Wed, 14 Jan 2026 04:36:30 GMTAFCA backs car insurer after premium almost doubleshttps://www.insurancenews.com.au/daily/afca-backs-car-insurer-after-premium-almost-doubleshttps://www.insurancenews.com.au/daily/afca-backs-car-insurer-after-premium-almost-doubles<p>A motor policyholder has lost a dispute over a 97% increase to his annual premium after the complaints authority found his insurer made no error setting the price...</p>Wed, 14 Jan 2026 04:13:22 GMTIndustry ‘on front foot’ as Victorian bushfire claims pass 1300https://www.insurancenews.com.au/daily/industry-on-front-foot-as-victorian-bushfires-claims-pass-1300https://www.insurancenews.com.au/daily/industry-on-front-foot-as-victorian-bushfires-claims-pass-1300<p>The number of claims from the Victorian bushfires has risen to more than 1380 and insurers say they are in place to support customers...</p>Tue, 13 Jan 2026 05:28:06 GMT‘Forever in our hearts’: tributes for Howden exechttps://www.insurancenews.com.au/daily/forever-in-our-hearts-tributes-for-howden-exechttps://www.insurancenews.com.au/daily/forever-in-our-hearts-tributes-for-howden-exec<p>Howden has paid tribute to head of workers&rsquo; compensation Georgie Ahern, who died last month after a prolonged battle with melanoma...</p>Tue, 13 Jan 2026 04:13:02 GMTIAG adds RACQI to reinsurance planhttps://www.insurancenews.com.au/daily/iag-adds-racqi-to-reinsurance-planhttps://www.insurancenews.com.au/daily/iag-adds-racqi-to-reinsurance-plan<p>IAG has adjusted its catastrophe reinsurance to include RACQ Insurance, which it bought for $855 million last year...</p>Tue, 13 Jan 2026 04:00:52 GMTMercedes model mistake costs crash driverhttps://www.insurancenews.com.au/daily/mercedes-model-mistake-costs-crash-driverhttps://www.insurancenews.com.au/daily/mercedes-model-mistake-costs-crash-driver<p>A Mercedes owner will not be covered for a kangaroo collision after his insurance was cancelled over a model mix-up during the application process...</p>Tue, 13 Jan 2026 03:58:08 GMTIndustry ‘ready to assist’ as Victorian bushfire claims roll inhttps://www.insurancenews.com.au/daily/industry-ready-to-assist-as-victorian-bushfire-claims-roll-inhttps://www.insurancenews.com.au/daily/industry-ready-to-assist-as-victorian-bushfire-claims-roll-in<p>Insurers have activated disaster response teams in Victoria as the state confronts its worst bushfires since the 2019-20 Black Summer...</p>Mon, 12 Jan 2026 04:36:06 GMTWind and rain batter homes as ex-cyclone crosses Queenslandhttps://www.insurancenews.com.au/daily/wind-and-rain-batter-homes-as-ex-cyclone-crosses-queenslandhttps://www.insurancenews.com.au/daily/wind-and-rain-batter-homes-as-ex-cyclone-crosses-queensland<p>Ex-Cyclone Koji has brought heavy rain to Queensland, generating flash flood warnings after sweeping ashore yesterday morning...</p>Mon, 12 Jan 2026 04:35:26 GMTXceedance buys into agency and broker spacehttps://www.insurancenews.com.au/daily/xceedance-buys-into-agency-and-broker-spacehttps://www.insurancenews.com.au/daily/xceedance-buys-into-agency-and-broker-space<p>Xceedance has acquired US-based Marble Box, which provides tailored back-office services to independent insurance brokers and agencies...</p>Mon, 12 Jan 2026 03:18:28 GMTClaimant wins payout row after ear fears delay return flighthttps://www.insurancenews.com.au/daily/claimant-wins-payout-row-after-ear-fears-delay-return-flighthttps://www.insurancenews.com.au/daily/claimant-wins-payout-row-after-ear-fears-delay-return-flight<p>A traveller who had to extend his stay in Bali because of an ear infection will receive an additional payout from his insurer following a complaints authority decision...</p>Mon, 12 Jan 2026 03:15:06 GMTHowden buys FNQ brokerhttps://www.insurancenews.com.au/daily/howden-buys-fnq-brokerhttps://www.insurancenews.com.au/daily/howden-buys-fnq-broker<p>Howden has struck a deal to acquire the Cairns division of broking group CorpSure, which it says will strengthen its presence in the region and its broader Pacific operations...</p>Fri, 19 Dec 2025 03:26:08 GMTASIC clarifies commission stance in conflicts guidehttps://www.insurancenews.com.au/daily/asic-clarifies-commission-stance-in-conflicts-guidehttps://www.insurancenews.com.au/daily/asic-clarifies-commission-stance-in-conflicts-guide<p>Commission-only remuneration arrangements should be avoided, the Australian Securities and Investments Commission says in an updated guide on managing conflicts of interest...</p>Fri, 19 Dec 2025 03:26:00 GMTYoung homeowners in dark on weather preparationshttps://www.insurancenews.com.au/daily/young-homeowners-in-dark-on-weather-preparationshttps://www.insurancenews.com.au/daily/young-homeowners-in-dark-on-weather-preparations<p>NRMA Insurance has warned of a home preparedness generation gap that is leaving young people at risk from severe weather...</p>Fri, 19 Dec 2025 03:25:46 GMTZurich plugs in UnderwriteMe claims automationhttps://www.insurancenews.com.au/daily/zurich-plugs-in-underwrite-me-claims-automationhttps://www.insurancenews.com.au/daily/zurich-plugs-in-underwrite-me-claims-automation<p>Zurich will adopt the UnderwriteMe Claims Engine in Australia as it expands its use of automation...</p>Fri, 19 Dec 2025 03:25:12 GMT