insuranceNEWS.com.au - All newsGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-au‘Patch frenzy’: PHP web security panic may bring BI claimshttps://www.insurancenews.com.au/local/patch-frenzy-php-web-security-panic-may-bring-bi-claimshttps://www.insurancenews.com.au/local/patch-frenzy-php-web-security-panic-may-bring-bi-claims<p>Insurers are waiting to see if claims emerge after organisations shut down websites this week due to a flaw in the PHP programming language that runs 70% of the internet...</p>Thu, 22 Oct 2026 05:23:10 GMTAFCA warns on AI submissions as complaints surge to new recordhttps://www.insurancenews.com.au/regulatory-government/afca-warns-on-ai-submissions-as-complaints-surge-to-new-recordhttps://www.insurancenews.com.au/regulatory-government/afca-warns-on-ai-submissions-as-complaints-surge-to-new-record<p>The industry ombudsman has warned the use of artificial intelligence to lodge complaints could hinder its resolution processes, after caseloads reached record volumes in 2025-26...</p>Thu, 22 Oct 2026 05:19:31 GMTIAG meeting expectations, Hawkins tells investorshttps://www.insurancenews.com.au/corporate/iag-meeting-expectations-hawkins-tells-investorshttps://www.insurancenews.com.au/corporate/iag-meeting-expectations-hawkins-tells-investors<p>IAG says positive momentum continued in the first quarter and it is on track to deliver earnings guidance for this financial year while pursuing efficiencies to keep insurance affordable...</p>Thu, 22 Oct 2026 05:19:16 GMTInsurer pays price for missing toilet breakhttps://www.insurancenews.com.au/daily/insurer-pays-price-for-missing-toilet-breakhttps://www.insurancenews.com.au/daily/insurer-pays-price-for-missing-toilet-break<p>An elderly property owner who made a 550km round trip to investigate a water leak after an insurer&rsquo;s tradesman failed to find the source has been awarded $5000 compensation for claim mismanagement...</p>Thu, 22 Oct 2026 05:14:31 GMTINsight podcast: all happening at NIBA Conventionhttps://www.insurancenews.com.au/daily/insight-podcast-all-happening-at-niba-conventionhttps://www.insurancenews.com.au/daily/insight-podcast-all-happening-at-niba-convention<p>All the action from the NIBA Convention is the lead item discussed on the latest Insurance News podcast...</p>Thu, 22 Oct 2026 05:03:39 GMTAdoption ‘the next step’ as most brokers dabble with AIhttps://www.insurancenews.com.au/the-broker/adoption-the-next-step-as-most-brokers-dabble-with-aihttps://www.insurancenews.com.au/the-broker/adoption-the-next-step-as-most-brokers-dabble-with-ai<p>More than 90% of brokers have experimented with AI but only one-quarter have embedded it into their core operations, research from the National Insurance Brokers Association finds...</p>Thu, 22 Oct 2026 01:20:07 GMTClients’ AI ‘superpowers’ doing ‘more harm than good’https://www.insurancenews.com.au/the-broker/clients-tech-superpowers-doing-more-harm-than-goodhttps://www.insurancenews.com.au/the-broker/clients-tech-superpowers-doing-more-harm-than-good<p>Customers are increasingly using AI to examine wordings and pose questions to brokers, and intermediaries say it is adding significant delay in critical areas...</p>Thu, 22 Oct 2026 01:19:55 GMTInsureds pocketing savings in soft market, Marsh sayshttps://www.insurancenews.com.au/the-broker/insureds-pocketing-savings-in-soft-market-marsh-sayshttps://www.insurancenews.com.au/the-broker/insureds-pocketing-savings-in-soft-market-marsh-says<p>Market conditions are allowing businesses to enhance their risk coverage, Marsh says, as commercial insurance rates continue to slide...</p>Thu, 22 Oct 2026 01:19:47 GMTSour grapes produce a bitter finish for winemakerhttps://www.insurancenews.com.au/the-broker/sour-grapes-produce-a-bitter-finish-for-winemakerhttps://www.insurancenews.com.au/the-broker/sour-grapes-produce-a-bitter-finish-for-winemaker<p>An insurer was right to reject a winemaker&rsquo;s claim for oil-contaminated grapes because neither the vineyard nor a bin holding the fruit was a &ldquo;temporary storage facility&rdquo;, according to a dispute ruling...</p>Thu, 22 Oct 2026 01:10:03 GMTARs have growing role in advice sector, NIBA findshttps://www.insurancenews.com.au/the-broker/ars-have-growing-role-in-advice-sector-niba-findshttps://www.insurancenews.com.au/the-broker/ars-have-growing-role-in-advice-sector-niba-finds<p>The authorised representative sector is becoming larger, more established and increasingly influential, a National Insurance Brokers Association research report says...</p>Thu, 22 Oct 2026 01:09:45 GMTRate moderation shakes up liability markethttps://www.insurancenews.com.au/the-broker/rate-moderation-shakes-up-liability-markethttps://www.insurancenews.com.au/the-broker/rate-moderation-shakes-up-liability-market<p>Australia&rsquo;s liability insurance market has entered a &ldquo;new phase&rdquo; after years of rate strengthening and positive underwriting outcomes, according to a KPMG analysis of a regulator&rsquo;s data...</p>Thu, 22 Oct 2026 01:05:18 GMT‘Remembered with fondness’: tributes to senior loss adjusterhttps://www.insurancenews.com.au/the-broker/remembered-with-fondness-tributes-to-senior-loss-adjusterhttps://www.insurancenews.com.au/the-broker/remembered-with-fondness-tributes-to-senior-loss-adjuster<p>vrs ANA has shared its &ldquo;heartfelt thoughts and sincere condolences&rdquo; after the death of senior loss adjuster Jon Hill...</p>Thu, 22 Oct 2026 01:04:48 GMTAustbrokers salutes top performershttps://www.insurancenews.com.au/the-broker/austbrokers-salutes-top-performershttps://www.insurancenews.com.au/the-broker/austbrokers-salutes-top-performers<p>AEI Insurance Broking Group&rsquo;s Matthew Estwick has won this year&rsquo;s Tim Wedlock Young Broker Award, named after the company&rsquo;s late executive chairman...</p>Thu, 22 Oct 2026 00:53:46 GMTBombing survivor, media figure headline Steadfast conferencehttps://www.insurancenews.com.au/the-broker/bombing-survivor-media-figure-headline-steadfast-conferencehttps://www.insurancenews.com.au/the-broker/bombing-survivor-media-figure-headline-steadfast-conference<p>Steadfast Group has announced the keynote speakers for next year&rsquo;s convention...</p>Thu, 22 Oct 2026 00:53:21 GMTICA submits new code for regulator’s approvalhttps://www.insurancenews.com.au/breaking-news/ica-submits-new-code-for-regulator-s-approvalhttps://www.insurancenews.com.au/breaking-news/ica-submits-new-code-for-regulator-s-approval<p>The Insurance Council of Australia has sent its revised code of practice to the corporate regulator for approval, following consultations on the draft document...</p>Thu, 22 Oct 2026 00:52:58 GMTArch adds senior casualty underwriterhttps://www.insurancenews.com.au/the-broker/arch-adds-senior-casualty-underwriterhttps://www.insurancenews.com.au/the-broker/arch-adds-senior-casualty-underwriter<p>Arch Insurance Australia has appointed Shawn Jarman as senior casualty underwriter, based in Melbourne...</p>Thu, 22 Oct 2026 00:52:15 GMTProperty line a driver as commercial pricing continues to slidehttps://www.insurancenews.com.au/local/property-line-a-driver-as-commercial-pricing-continues-to-slidehttps://www.insurancenews.com.au/local/property-line-a-driver-as-commercial-pricing-continues-to-slide<p>Australian commercial insurance rates recorded a double-digit fall for the sixth straight quarter in the July-September period, cratering 12% in Marsh&rsquo;s latest market index...</p>Wed, 21 Oct 2026 05:24:36 GMTAUB to acquire Aon underwriting agencyhttps://www.insurancenews.com.au/corporate/aub-to-acquire-aon-underwriting-agencyhttps://www.insurancenews.com.au/corporate/aub-to-acquire-aon-underwriting-agency<p>AUB Group has struck an agreement to buy Aon&rsquo;s One Underwriting Australia, strengthening its agencies offering...</p>Wed, 21 Oct 2026 05:20:11 GMTZurich, Liberty, NTI earn intermediary accoladeshttps://www.insurancenews.com.au/local/zurich-liberty-nti-earn-intermediary-accoladeshttps://www.insurancenews.com.au/local/zurich-liberty-nti-earn-intermediary-accolades<p>Zurich has won NIBA&rsquo;s large general insurer award, with NTI crowned best underwriting agency and Liberty the top specialty insurer for the sixth straight year...</p>Wed, 21 Oct 2026 05:15:02 GMTNIBA names top broker, rising star as 2026 awards wrap uphttps://www.insurancenews.com.au/the-professional/niba-names-top-broker-rising-star-as-2026-awards-wrap-uphttps://www.insurancenews.com.au/the-professional/niba-names-top-broker-rising-star-as-2026-awards-wrap-up<p>Alison Gemmell and Alyssa Sanfilippo took top honours at the NIBA Convention this week...</p>Wed, 21 Oct 2026 05:12:05 GMT