General insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auhttps://www.insurancenews.com.au/local/new-climate-risk-assessment-paints-stark-picturehttps://www.insurancenews.com.au/local/new-climate-risk-assessment-paints-stark-picture<p>The federal government today released its first National Climate Risk Assessment and National Adaptation Plan, warning impacts from natural catastrophes will worsen as access to insurance falls...</p>Mon, 15 Sep 2025 04:55:34 GMThttps://www.insurancenews.com.au/local/trowbridge-backs-strata-commission-movehttps://www.insurancenews.com.au/local/trowbridge-backs-strata-commission-move<p>Industry consultant John Trowbridge has backed the Strata Community Association NSW decision to phase out insurance commissions and has outlined steps underwriters and brokers should take...</p>Mon, 15 Sep 2025 04:54:51 GMThttps://www.insurancenews.com.au/local/insured-not-to-blame-after-fire-spread-to-neighbour-s-carhttps://www.insurancenews.com.au/local/insured-not-to-blame-after-fire-spread-to-neighbour-s-car<p>The insurer of a car that caught fire is not liable for damage to a neighbour&rsquo;s vehicle, the financial services ombudsman has ruled...</p>Mon, 15 Sep 2025 04:29:49 GMThttps://www.insurancenews.com.au/local/study-reveals-steep-climb-in-home-cover-priceshttps://www.insurancenews.com.au/local/study-reveals-steep-climb-in-home-cover-prices<p>The average cost of a new home and contents policy has risen 14% over the past year, according to researcher Canstar...</p>Mon, 15 Sep 2025 04:29:42 GMThttps://www.insurancenews.com.au/local/councils-fall-behind-in-race-to-fund-resiliencehttps://www.insurancenews.com.au/local/councils-fall-behind-in-race-to-fund-resilience<p>Local governments must invest more to mitigate the effects of climate change but their revenues are growing much slower than natural disaster costs, the Australia Institute warns...</p>Mon, 15 Sep 2025 04:29:30 GMThttps://www.insurancenews.com.au/local/perils-lowers-alfred-cost-estimate-to-below-2-billionhttps://www.insurancenews.com.au/local/perils-lowers-alfred-cost-estimate-to-below-2-billion<p>Catastrophe data specialist Perils has revised its insured loss estimate for Cyclone Alfred to $1.92 billion following a third assessment...</p>Mon, 15 Sep 2025 04:29:16 GMThttps://www.insurancenews.com.au/local/forecasters-flag-increased-flood-threathttps://www.insurancenews.com.au/local/forecasters-flag-increased-flood-threat<p>Eastern Australia is expected to receive above average rainfall in the fourth quarter of the year, with increased flood risk in parts of NSW and Queensland...</p>Mon, 15 Sep 2025 04:28:50 GMThttps://www.insurancenews.com.au/analysis/navigating-cps-230-the-new-reality-for-underwriting-agencieshttps://www.insurancenews.com.au/analysis/navigating-cps-230-the-new-reality-for-underwriting-agencies<p>The prudential regulator&rsquo;s game-changing operational resilience standard leaves agencies walking a fine line between their own needs and those of insurers...</p>Mon, 15 Sep 2025 04:14:33 GMThttps://www.insurancenews.com.au/life-insurance/zurich-loan-cover-combines-life-income-protectionhttps://www.insurancenews.com.au/life-insurance/zurich-loan-cover-combines-life-income-protection<p>Zurich has launched Home Loan Protection, a cover that automatically adjusts its premiums as an insured&rsquo;s mortgage is reduced...</p>Mon, 15 Sep 2025 04:11:47 GMThttps://www.insurancenews.com.au/life-insurance/amp-reaches-deal-with-insurers-after-claim-rowhttps://www.insurancenews.com.au/life-insurance/amp-reaches-deal-with-insurers-after-claim-row<p>AMP has received about $44 million from insurance claims to cover historical remediation programs that ended in 2022...</p>Mon, 15 Sep 2025 04:11:37 GMThttps://www.insurancenews.com.au/life-insurance/payout-rejected-after-claimant-denied-having-testshttps://www.insurancenews.com.au/life-insurance/payout-rejected-after-claimant-denied-having-tests<p>Hannover Life Re does not have to pay a terminal illness benefit after it showed a policyholder did not answer questions correctly when applying for cover...</p>Mon, 15 Sep 2025 04:11:27 GMThttps://www.insurancenews.com.au/life-insurance/fsc-hands-out-industry-awardshttps://www.insurancenews.com.au/life-insurance/fsc-hands-out-industry-awards<p>The Financial Services Council of New Zealand named the winners of its annual excellence awards last week...</p>Mon, 15 Sep 2025 04:11:02 GMThttps://www.insurancenews.com.au/regulatory-government/wa-builder-collapse-to-trigger-warranty-claimshttps://www.insurancenews.com.au/regulatory-government/wa-builder-collapse-to-trigger-warranty-claims<p>A WA regulator has told homeowners affected by the collapse of Tingey Development Group to contact builders&rsquo; warranty insurer QBE...</p>Mon, 15 Sep 2025 04:10:32 GMThttps://www.insurancenews.com.au/regulatory-government/asic-extends-distribution-rule-reliefhttps://www.insurancenews.com.au/regulatory-government/asic-extends-distribution-rule-relief<p>General insurance providers have been granted an extended exemption from appointing product distributors as authorised representatives...</p>Mon, 15 Sep 2025 04:09:50 GMThttps://www.insurancenews.com.au/regulatory-government/victoria-passes-construction-reformshttps://www.insurancenews.com.au/regulatory-government/victoria-passes-construction-reforms<p>Victorian building reform legislation that is part of a broader program to improve protections passed state parliament last week...</p>Mon, 15 Sep 2025 04:09:37 GMThttps://www.insurancenews.com.au/regulatory-government/state-moves-ahead-with-illicit-tobacco-clampdownhttps://www.insurancenews.com.au/regulatory-government/state-moves-ahead-with-illicit-tobacco-clampdown<p>The NSW parliament has passed a bill cracking down on the illegal trade of tobacco and vaping products...</p>Mon, 15 Sep 2025 04:09:26 GMThttps://www.insurancenews.com.au/international/swiss-re-expects-discipline-on-risk-balancehttps://www.insurancenews.com.au/international/swiss-re-expects-discipline-on-risk-balance<p>Reinsurers are unlikely to shift ground on the share of high-frequency natural catastrophe risks they are willing to pick up, according to Swiss Re executive Urs Baertschi...</p>Mon, 15 Sep 2025 04:08:16 GMThttps://www.insurancenews.com.au/international/chemical-nuclear-attack-danger-on-the-risehttps://www.insurancenews.com.au/international/chemical-nuclear-attack-danger-on-the-rise<p>The threat of chemical, biological, radiological and nuclear terrorism is increasing and would cause major uninsured losses, a report warns...</p>Mon, 15 Sep 2025 04:08:03 GMThttps://www.insurancenews.com.au/international/tariff-headwinds-to-rock-cargo-coverhttps://www.insurancenews.com.au/international/tariff-headwinds-to-rock-cargo-cover<p>Tariff impacts could reshape the cargo insurance market, an annual marine industry conference has heard...</p>Mon, 15 Sep 2025 04:07:55 GMThttps://www.insurancenews.com.au/international/uk-customer-satisfaction-growshttps://www.insurancenews.com.au/international/uk-customer-satisfaction-grows<p>British consumers&rsquo; perception of insurers has improved, according to the Chartered Insurance Institute...</p>Mon, 15 Sep 2025 04:07:27 GMT