insuranceNEWS.com.au - All newsGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auicare hit with class action over claimant data breachhttps://www.insurancenews.com.au/daily/icare-hit-with-class-action-over-claimant-data-breachhttps://www.insurancenews.com.au/daily/icare-hit-with-class-action-over-claimant-data-breach<p>A law firm has filed class action proceedings against icare over a data breach affecting about 192,000 people...</p>Wed, 27 May 2026 06:19:15 GMTCompo scheme demands could drive up premiums, ICA sayshttps://www.insurancenews.com.au/daily/compo-scheme-demands-could-drive-up-premiums-ica-sayshttps://www.insurancenews.com.au/daily/compo-scheme-demands-could-drive-up-premiums-ica-says<p>Insurance affordability problems could worsen if general insurers are forced to financially support the troubled Compensation Scheme of Last Resort, the industry warns...</p>Wed, 27 May 2026 06:19:08 GMT‘Always ready, always on’: Europ Assistance rebrandshttps://www.insurancenews.com.au/daily/always-ready-always-on-europ-assistance-rebrandshttps://www.insurancenews.com.au/daily/always-ready-always-on-europ-assistance-rebrands<p>Generali says its Europ Assistance and employee benefits divisions have rebranded as Redion under &ldquo;one platform, one vision, to be the world&rsquo;s premier care partner&rdquo;...</p>Wed, 27 May 2026 06:18:17 GMTINsight podcast: what to do about workers’ comphttps://www.insurancenews.com.au/daily/insight-podcast-what-to-do-about-workers-comphttps://www.insurancenews.com.au/daily/insight-podcast-what-to-do-about-workers-comp<p>The Insurance Council of Australia&rsquo;s report on workers&rsquo; compensation insurance and its recommendations on how to address growing challenges are the first items discussed on the latest episode of the Insurance News podcast...</p>Wed, 27 May 2026 04:57:15 GMTInsurers scolded as claims handling breaches soarhttps://www.insurancenews.com.au/daily/insurers-scolded-as-claims-handling-breaches-soarhttps://www.insurancenews.com.au/daily/insurers-scolded-as-claims-handling-breaches-soar<p>The General Insurance Code Governance Committee has admonished insurers over a lack of data and failure to understand underlying causes as claims-related breach numbers increased by one-third...</p>Tue, 26 May 2026 06:09:31 GMTNIBA names 2026 award contendershttps://www.insurancenews.com.au/daily/niba-names-2026-award-contendershttps://www.insurancenews.com.au/daily/niba-names-2026-award-contenders<p>The National Insurance Brokers Association has revealed the 29 regional finalists in its awards program this year...</p>Tue, 26 May 2026 06:08:11 GMTACCC weighs ‘competitive overlap’ in Zurich-Beazley dealhttps://www.insurancenews.com.au/daily/accc-weighs-competitive-overlap-in-zurich-beazley-dealhttps://www.insurancenews.com.au/daily/accc-weighs-competitive-overlap-in-zurich-beazley-deal<p>The Australian Competition and Consumer Commission has begun a review of Zurich&rsquo;s &pound;8.2 billion ($15.4 billion) offer to acquire London-listed specialty insurer Beazley...</p>Tue, 26 May 2026 05:47:12 GMTRising stars to sparkle at industry ballhttps://www.insurancenews.com.au/daily/rising-stars-to-sparkle-at-industry-ballhttps://www.insurancenews.com.au/daily/rising-stars-to-sparkle-at-industry-ball<p>A new industry event aims to promote and celebrate the next generation of insurance talent by connecting up-and-comers with experienced leaders...</p>Tue, 26 May 2026 05:42:29 GMTRegulators warn industry on TPD challengeshttps://www.insurancenews.com.au/life-insurance/regulators-warn-industry-on-tpd-challengeshttps://www.insurancenews.com.au/life-insurance/regulators-warn-industry-on-tpd-challenges<p>&ldquo;Decisive action&rdquo; is needed to tackle sustainability pressures on total and permanent disability cover, regulators told a recent roundtable with life insurers and Treasury...</p>Mon, 25 May 2026 05:13:35 GMTAdvisers call for crackdown on misconduct in CSLR shake-uphttps://www.insurancenews.com.au/life-insurance/advisers-call-for-crackdown-on-misconduct-in-cslr-shake-uphttps://www.insurancenews.com.au/life-insurance/advisers-call-for-crackdown-on-misconduct-in-cslr-shake-up<p>Financial Advice Association Australia has called for &ldquo;vigorous pursuit of wrongdoers&rdquo; in a submission on ways to reform the Compensation Scheme of Last Resort...</p>Mon, 25 May 2026 05:08:43 GMTICA suggests cure for mental strain on workers’ comphttps://www.insurancenews.com.au/local/ica-suggests-cure-for-mental-strain-on-workers-comphttps://www.insurancenews.com.au/local/ica-suggests-cure-for-mental-strain-on-workers-comp<p>Insurers have called for legislative reform and claims handling improvements to address growing cost pressures on workers&rsquo; compensation schemes...</p>Mon, 25 May 2026 04:40:49 GMTLiquidated builder wins damages from roof subcontractorhttps://www.insurancenews.com.au/local/liquidated-builder-wins-damages-from-roof-subcontractorhttps://www.insurancenews.com.au/local/liquidated-builder-wins-damages-from-roof-subcontractor<p>Insurance restoration company AJ Grant Building, which entered liquidation last year, has won $202,820 for breach of contract by one of its subcontractors...</p>Mon, 25 May 2026 04:40:42 GMTHospital authority charged after patient attacks nursehttps://www.insurancenews.com.au/local/hospital-authority-charged-after-patient-attacks-nursehttps://www.insurancenews.com.au/local/hospital-authority-charged-after-patient-attacks-nurse<p>A Victorian hospital faces charges after a nurse was seriously assaulted by a patient with a history of violence...</p>Mon, 25 May 2026 04:40:35 GMTTravellers play safe on medical tourism, study showshttps://www.insurancenews.com.au/local/travellers-play-safe-on-medical-tourism-study-showshttps://www.insurancenews.com.au/local/travellers-play-safe-on-medical-tourism-study-shows<p>Australians heading overseas for medical procedures are now more likely to have travel cover, research from Insure&amp;Go shows...</p>Mon, 25 May 2026 04:40:23 GMTCourt orders ‘gold standard’ medical check in TPD rowhttps://www.insurancenews.com.au/life-insurance/court-orders-gold-standard-medical-check-in-tpd-rowhttps://www.insurancenews.com.au/life-insurance/court-orders-gold-standard-medical-check-in-tpd-row<p>The NSW Supreme Court has told a Zurich claimant to undergo a neuropsychological assessment after the insurer applied for the order in a dispute over a total and permanent disability payout...</p>Mon, 25 May 2026 04:39:57 GMTPolicyholder misled over back injury exclusionhttps://www.insurancenews.com.au/life-insurance/policyholder-misled-over-back-injury-exclusionhttps://www.insurancenews.com.au/life-insurance/policyholder-misled-over-back-injury-exclusion<p>A policyholder with a history of backaches was misled when he bought income protection and total and permanent disability covers in 2019, the industry ombudsman has ruled...</p>Mon, 25 May 2026 04:39:50 GMTTAL hails AustralianSuper claims upgradehttps://www.insurancenews.com.au/life-insurance/tal-hails-australian-super-claims-upgradehttps://www.insurancenews.com.au/life-insurance/tal-hails-australian-super-claims-upgrade<p>A digital claims overhaul launched in May last year has improved outcomes for AustralianSuper members, according to TAL...</p>Mon, 25 May 2026 04:39:29 GMTGlobal turmoil prompts APRA to step up supervisionhttps://www.insurancenews.com.au/regulatory-government/global-turmoil-prompts-apra-to-step-up-supervisionhttps://www.insurancenews.com.au/regulatory-government/global-turmoil-prompts-apra-to-step-up-supervision<p>Insurers are assessing how supply chain disruption arising from geopolitical risks could affect claim costs, according to the latest System Risk Outlook from the Australian Prudential Regulation Authority...</p>Mon, 25 May 2026 04:27:45 GMTState maintains freeze on workers’ comp rateshttps://www.insurancenews.com.au/regulatory-government/state-maintains-freeze-on-workers-comp-rateshttps://www.insurancenews.com.au/regulatory-government/state-maintains-freeze-on-workers-comp-rates<p>Victoria&rsquo;s average WorkCover premium will stay at 1.8% of wages in 2026-27, holding for the fourth year in a row...</p>Mon, 25 May 2026 04:27:35 GMTASIC hails progress on red tape reductionhttps://www.insurancenews.com.au/regulatory-government/asic-hails-progress-on-red-tape-reductionhttps://www.insurancenews.com.au/regulatory-government/asic-hails-progress-on-red-tape-reduction<p>The corporate regulator says it has made &ldquo;significant strides&rdquo; easing red tape in financial services and it is now moving to the next phase of its simplification program...</p>Mon, 25 May 2026 04:27:26 GMT