insuranceNEWS.com.au - DailyGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auHowden 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‘Broken system’: reviewers demand Comcare shake-uphttps://www.insurancenews.com.au/daily/broken-system-reviewers-demand-comcare-shake-uphttps://www.insurancenews.com.au/daily/broken-system-reviewers-demand-comcare-shake-up<p>An independent review has called for a major overhaul of the management of injured federal government workers...</p>Fri, 19 Dec 2025 03:24:07 GMTGallagher Re local head to take Allianz positionhttps://www.insurancenews.com.au/daily/gallagher-re-local-head-to-take-allianz-positionhttps://www.insurancenews.com.au/daily/gallagher-re-local-head-to-take-allianz-position<p>Allianz Australia head of reinsurance Michael Crouch will leave the company next year, with the role to be filled by Gallagher Re&rsquo;s local CEO Heather Bone...</p>Thu, 18 Dec 2025 05:31:49 GMTSteadfast’s people chief to leavehttps://www.insurancenews.com.au/daily/steadfast-s-people-chief-to-leavehttps://www.insurancenews.com.au/daily/steadfast-s-people-chief-to-leave<p>Steadfast Group chief people officer Ferzana Yale will depart the business after 16 months in the role...</p>Thu, 18 Dec 2025 05:31:03 GMTNo sentence reduction for man who hired kids to torch homehttps://www.insurancenews.com.au/daily/no-sentence-reduction-for-man-who-hired-kids-to-torch-homehttps://www.insurancenews.com.au/daily/no-sentence-reduction-for-man-who-hired-kids-to-torch-home<p>A fraudster who burnt down his property for an insurance payout has lost his bid for a reduced jail sentence...</p>Thu, 18 Dec 2025 05:30:28 GMTCar theft victim loses battle over ‘unjust’ deductionshttps://www.insurancenews.com.au/daily/car-theft-victim-loses-battle-over-unjust-deductionshttps://www.insurancenews.com.au/daily/car-theft-victim-loses-battle-over-unjust-deductions<p>A company has failed to overturn insurer deductions including unpaid premium after its vehicle was stolen six days into an annual policy...</p>Thu, 18 Dec 2025 05:30:13 GMTCost pressures ‘emerging’ after CTP reformshttps://www.insurancenews.com.au/daily/cost-pressures-emerging-after-ctp-reformshttps://www.insurancenews.com.au/daily/cost-pressures-emerging-after-ctp-reforms<p>NSW compulsory third party motor premiums are under pressure from rising claim costs and frequency, a parliamentary review has heard...</p>Wed, 17 Dec 2025 05:03:16 GMTUS fires, storms drive $161 billion global cat billhttps://www.insurancenews.com.au/daily/us-fires-storms-drive-161-billion-global-cat-billhttps://www.insurancenews.com.au/daily/us-fires-storms-drive-161-billion-global-cat-bill<p>Global insured losses from natural catastrophes have passed $US100 billion ($150.81 billion) for the sixth consecutive year, with US events a key driver, according to Swiss Re...</p>Wed, 17 Dec 2025 05:03:01 GMTNo sign of crime as AFCA probes Mustang mysteryhttps://www.insurancenews.com.au/daily/no-sign-of-crime-as-afca-probes-mustang-mysteryhttps://www.insurancenews.com.au/daily/no-sign-of-crime-as-afca-probes-mustang-mystery<p>A motor enthusiast who argued his Ford Mustang was sabotaged by another member of his car club has lost a claim dispute after the ombudsman found no evidence of a malicious act...</p>Wed, 17 Dec 2025 05:02:46 GMTINsight podcast: insurance implications of Bondi attackhttps://www.insurancenews.com.au/daily/insight-podcast-insurance-implications-of-bondi-attackhttps://www.insurancenews.com.au/daily/insight-podcast-insurance-implications-of-bondi-attack<p>The devastating Bondi Beach shooting and likely insurance implications are the main items discussed on the latest edition of the Insurance News podcast...</p>Wed, 17 Dec 2025 00:39:59 GMTMinisters label Bondi mass shooting a terror attackhttps://www.insurancenews.com.au/daily/pool-labels-bondi-mass-shooting-a-terror-attackhttps://www.insurancenews.com.au/daily/pool-labels-bondi-mass-shooting-a-terror-attack<p>The Bondi gun attack has been declared a terrorist incident for the purposes of the government-backed reinsurance scheme, while the Insurance Council of Australia says the industry will prioritise support...</p>Tue, 16 Dec 2025 05:06:49 GMTSpring storms bill to top $1 billion, Perils sayshttps://www.insurancenews.com.au/daily/spring-storms-bill-to-top-1-billion-perils-sayshttps://www.insurancenews.com.au/daily/spring-storms-bill-to-top-1-billion-perils-says<p>Insured losses from October storms in Australia&rsquo;s east will reach $1.11 billion, Swiss-based catastrophe data company Perils estimates...</p>Tue, 16 Dec 2025 05:06:38 GMTIndustry backs ‘evolving’ life code as review moves onhttps://www.insurancenews.com.au/daily/industry-backs-evolving-life-code-as-review-moves-onhttps://www.insurancenews.com.au/daily/industry-backs-evolving-life-code-as-review-moves-on<p>Life insurers have told the industry code reviewer the document must keep up with regulatory changes and consumer expectations...</p>Tue, 16 Dec 2025 05:06:28 GMTAFCA orders payout after fraudster intercepts fundshttps://www.insurancenews.com.au/daily/afca-orders-payout-after-fraudster-intercepts-fundshttps://www.insurancenews.com.au/daily/afca-orders-payout-after-fraudster-intercepts-funds<p>A company whose overseas electronic funds transfer went to a fraudster instead of a medical devices supplier should have their loss covered, the dispute authority has ruled...</p>Tue, 16 Dec 2025 05:06:19 GMTLockton wants block on Aviso hires over non-compete clauseshttps://www.insurancenews.com.au/daily/lockton-wants-block-on-aviso-hires-over-non-compete-clauseshttps://www.insurancenews.com.au/daily/lockton-wants-block-on-aviso-hires-over-non-compete-clauses<p>Lockton has taken court action to stop two managers joining rival broking company Aviso or soliciting other staff or clients until September next year...</p>Fri, 12 Dec 2025 05:15:21 GMTBrokerage director faces drug supply chargeshttps://www.insurancenews.com.au/daily/brokerage-director-faces-drug-supply-chargeshttps://www.insurancenews.com.au/daily/brokerage-director-faces-drug-supply-charges<p>The director of a Sydney brokerage that was sprayed with bullets earlier this year has been charged with drugs and fraud offences...</p>Fri, 12 Dec 2025 05:11:06 GMTReview finds ‘limited’ awareness of legacy IT riskhttps://www.insurancenews.com.au/daily/review-finds-limited-awareness-of-legacy-it-riskhttps://www.insurancenews.com.au/daily/review-finds-limited-awareness-of-legacy-it-risk<p>A reliance on legacy IT systems is among weak spots identified in a review of 10 New Zealand insurers and 10 deposit-takers by the nation&rsquo;s Financial Markets Authority...</p>Fri, 12 Dec 2025 05:09:28 GMT