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Strata manager group to phase out commissions

Tue, 02 Sep 2025 06:40:00 GMT

Strata Community Association NSW will begin phasing out insurance commissions for managing agents from the start of next year amid a regulatory focus on transparency...

Industry tells AFCA to strike balance in claims rows

Tue, 02 Sep 2025 06:39:49 GMT

Insurers and consumer advocates have raised concerns at the industry ombudsman’s proposed new approach to claims disputes...

Lion steps up professional lines push with Steadfast hire

Tue, 02 Sep 2025 06:39:25 GMT

Lion Underwriting has hired Chris Edwards as head of professional lines, as the agency pursues growth in the area...

Ombudsman backs insurer as feathers fly over ‘nuisance’ cockatoos

Tue, 02 Sep 2025 06:19:40 GMT

A landlord who claimed for more than $100,000 of property damage caused by “frantic” cockatoos has lost his bid for a payout because his policy will not respond to the birds’ barrage of attacks...

Marsh promotes ‘exceptional leader’ to Pacific president role

Tue, 02 Sep 2025 00:50:14 GMT

Marsh has appointed Damian Schinck as Pacific president, replacing Josh Roach, who has left the business...

Gain accredited cyber knowledge with CFC’s Cyber Masterclass

Tue, 02 Sep 2025 00:42:25 GMT

On-demand video learning series for brokers to become cyber insurance specialists.

Gallagher appoints new local CEO

Mon, 01 Sep 2025 09:02:26 GMT

Marsh executive Alex Lumby will become Gallagher’s new CEO of Australian broking following the departure earlier this year of Sarah Lyons...

‘Longer-term issues persist’ for household line

Mon, 01 Sep 2025 04:51:33 GMT

The householders line’s improved results have not altered home insurers’ long-term cost challenges, including from extreme weather perils, the industry peak body says...

Cyclone pool success ‘not easily repeated for flood’

Mon, 01 Sep 2025 04:51:25 GMT

Establishing a government pool for flood threats to tackle steep premiums should not be the “default solution”, even after a positive outcome on cyclone risk, actuaries warn...

Court hears appeal on BI declassing

Mon, 01 Sep 2025 04:51:14 GMT

Federal Court judges have reserved their decision after an appeal hearing over two proposed business interruption class actions...

NZ homeowners face uninsurable future, consumer group says

Mon, 01 Sep 2025 04:51:01 GMT

Consumer New Zealand says property owners may be priced out of home cover in the next decade after premiums increased by 916% over the past 25 years...

Towing body slams fees freeze

Mon, 01 Sep 2025 04:50:44 GMT

Accident towing operators across Melbourne may fail if Victoria’s Essential Services Commission continues with current fee structures, an industry group warns...

Volcanic heat sheds light on blast impacts

Mon, 01 Sep 2025 04:50:15 GMT

Natural Hazards Commission Toka Tu Ake say signs of heat under the Auckland area’s largest volcano could provide vital insights into the after-effects of an eruption...

Key lines, investment income lift industry result

Mon, 01 Sep 2025 04:50:00 GMT

The life industry made an after-tax profit of $360 million in the June quarter, up from $116 million a year earlier, as key products delivered higher earnings...

NZ regulator warns of rise in advice fraud

Mon, 01 Sep 2025 04:49:51 GMT

A financial adviser accused of fraudulently applying for life and health insurance for non-existent people has had his licence cancelled...

ClearView upbeat after repricing legacy products

Mon, 01 Sep 2025 04:49:44 GMT

Life insurer ClearView Wealth expects to do better this financial year after posting a drop in 2024-25 earnings...

CALI flags ‘flow-on effects’ from NSW workers’ comp overhaul

Mon, 01 Sep 2025 04:49:34 GMT

Life insurers have warned of adverse claims impacts under proposed reforms to the NSW workers’ compensation scheme...

Court puts back Eric wind-up bid

Mon, 01 Sep 2025 04:45:41 GMT

The Federal Court has adjourned an application to wind up Eric Insurance to allow creditors time to consider an alternative pathway...

ASIC puts priority on premium transparency

Mon, 01 Sep 2025 04:45:32 GMT

The financial services regulator will focus on premium accuracy and transparency and the use of cash settlements as part of its updated corporate plan...

Insurers resist ‘special levy’ on CSLR shortfall

Mon, 01 Sep 2025 04:45:21 GMT

General insurers say they should not be forced to help pay for an almost $50 million funding shortfall in the Compensation Scheme of Last Resort...