insuranceNEWS.com.au - DailyGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auEverest regional head named ANZIIF presidenthttps://www.insurancenews.com.au/daily/everest-regional-head-named-anziif-presidenthttps://www.insurancenews.com.au/daily/everest-regional-head-named-anziif-president<p>The Australian and New Zealand Institute of Insurance and Finance has named Everest Insurance Asia-Pacific head Scott Leney as president...</p>Wed, 14 May 2025 06:31:53 GMTBusinesses underprepared for ‘sneaky threats’https://www.insurancenews.com.au/daily/businesses-underprepared-for-sneaky-threatshttps://www.insurancenews.com.au/daily/businesses-underprepared-for-sneaky-threats<p>Almost one-quarter of Australian businesses rank climate risks such as flood and bushfire as low or medium priorities, an FM survey has found...</p>Wed, 14 May 2025 06:29:30 GMTArson-hit property investors overturn fraud allegationhttps://www.insurancenews.com.au/daily/arson-hit-property-investors-overturn-fraud-allegationhttps://www.insurancenews.com.au/daily/arson-hit-property-investors-overturn-fraud-allegation<p>A property investment group has won a payout for tenant arson after challenging its insurer&rsquo;s allegation that it fraudulently misrepresented its building&rsquo;s use when buying cover...</p>Wed, 14 May 2025 06:29:22 GMTINsight podcast: getting the measure of our new ministerhttps://www.insurancenews.com.au/daily/insight-podcast-getting-the-measure-of-our-new-ministerhttps://www.insurancenews.com.au/daily/insight-podcast-getting-the-measure-of-our-new-minister<p>The appointment of Daniel Mulino as Financial Services Minister is the main discussion point on the latest episode of the Insurance News podcast...</p>Wed, 14 May 2025 06:28:14 GMTCall to step up security as data breaches soarhttps://www.insurancenews.com.au/daily/call-to-step-up-security-as-data-breaches-soarhttps://www.insurancenews.com.au/daily/call-to-step-up-security-as-data-breaches-soar<p>Businesses and government agencies reported 1113 data breaches last year, up by a quarter on 2023 to the highest number since notification became mandatory...</p>Tue, 13 May 2025 06:16:17 GMT‘Late to the party’: ICA predicts government partnership on weather riskhttps://www.insurancenews.com.au/daily/late-to-the-party-ica-predicts-government-partnership-on-weather-riskhttps://www.insurancenews.com.au/daily/late-to-the-party-ica-predicts-government-partnership-on-weather-risk<p>Insurance Council of Australia CEO Andrew Hall says &ldquo;some sort of public/private partnership&rdquo; is likely as the nation faces up to natural disaster risks and rising premiums...</p>Tue, 13 May 2025 06:13:29 GMTIndustry to lobby new ministers on mitigation, LMIhttps://www.insurancenews.com.au/daily/industry-to-lobby-new-ministers-on-mitigation-lmihttps://www.insurancenews.com.au/daily/industry-to-lobby-new-ministers-on-mitigation-lmi<p>The Insurance Council of Australia will press the case for increased flood defence spending with new Financial Services Minister Daniel Mulino and National Emergency Management Minister Kristy McBain, who were sworn in this morning...</p>Tue, 13 May 2025 06:13:06 GMTOmbudsman sides with claimant in fire fighthttps://www.insurancenews.com.au/daily/ombudsman-sides-with-claimant-in-fire-fighthttps://www.insurancenews.com.au/daily/ombudsman-sides-with-claimant-in-fire-fight<p>A business has successfully challenged its insurer&rsquo;s claim denial following a switchboard fire, persuading the financial services ombudsman its loss should be covered...</p>Tue, 13 May 2025 06:11:14 GMTQBE hails performance despite ‘challenging’ natural perilshttps://www.insurancenews.com.au/daily/qbe-hails-performance-despite-challenging-natural-perilshttps://www.insurancenews.com.au/daily/qbe-hails-performance-despite-challenging-natural-perils<p>QBE says gross written premium grew strongly in the first quarter, while catastrophe costs for the calendar year so far have been driven by US wildfires, Ex-Cyclone Alfred, flooding and storms...</p>Fri, 09 May 2025 05:48:30 GMT‘Accelerating’ competition defines markethttps://www.insurancenews.com.au/daily/accelerating-competition-defines-australia-markethttps://www.insurancenews.com.au/daily/accelerating-competition-defines-australia-market<p>The Australian commercial insurance market generally tilts in insureds&rsquo; favour, driven by plentiful capacity as insurers compete for business, Aon says in a first-quarter review...</p>Fri, 09 May 2025 05:48:20 GMTAFCA backs cancer claim denial amid diagnosis date doubtshttps://www.insurancenews.com.au/daily/afca-backs-cancer-claim-denial-amid-diagnosis-date-doubtshttps://www.insurancenews.com.au/daily/afca-backs-cancer-claim-denial-amid-diagnosis-date-doubts<p>A travel policyholder who cancelled a holiday in Europe after a cancer diagnosis will not be covered for his losses after failing to show when he first knew of his condition...</p>Fri, 09 May 2025 05:48:08 GMTWalking, not working: tribunal rejects Pilates teacher’s payout bidhttps://www.insurancenews.com.au/daily/walking-not-working-tribunal-rejects-pilates-teacher-s-payout-bidhttps://www.insurancenews.com.au/daily/walking-not-working-tribunal-rejects-pilates-teacher-s-payout-bid<p>A fitness instructor who was hit by a cyclist while taking a walk between shifts has been denied a workers&rsquo; compensation payout despite arguing she was out exercising to stay &ldquo;mentally and physically prepared&rdquo; for her duties...</p>Fri, 09 May 2025 05:48:02 GMTRainstorms, Alfred drive up Suncorp perils cost after quiet halfhttps://www.insurancenews.com.au/daily/rainstorms-alfred-drive-up-suncorp-perils-cost-after-quiet-halfhttps://www.insurancenews.com.au/daily/rainstorms-alfred-drive-up-suncorp-perils-cost-after-quiet-half<p>Suncorp says its natural hazard costs for the financial year so far have reached $1.115 billion, with January storms and Ex-Tropical Cyclone Alfred in March the most expensive events...</p>Thu, 08 May 2025 06:07:20 GMTGuild reacts to takeover talk, media ‘inaccuracies’https://www.insurancenews.com.au/daily/guild-reacts-to-takeover-talk-media-inaccuracieshttps://www.insurancenews.com.au/daily/guild-reacts-to-takeover-talk-media-inaccuracies<p>Guild Insurance has responded to reports it may be an acquisition target by saying it has robust operations and a strong balance sheet, while not ruling out options for the business...</p>Thu, 08 May 2025 06:01:38 GMTJohns Lyng cops fine over building inspection breacheshttps://www.insurancenews.com.au/daily/johns-lyng-cops-fine-over-building-inspection-breacheshttps://www.insurancenews.com.au/daily/johns-lyng-cops-fine-over-building-inspection-breaches<p>Building services provider Johns Lyng Group has been fined $49,500 for breaching Victoria&rsquo;s construction notification rules...</p>Thu, 08 May 2025 05:09:45 GMTMid-flight hearing loss no accident, authority ruleshttps://www.insurancenews.com.au/daily/mid-flight-hearing-loss-no-accident-authority-ruleshttps://www.insurancenews.com.au/daily/mid-flight-hearing-loss-no-accident-authority-rules<p>An airline passenger who suffered permanent hearing loss caused by pressure changes during a flight has lost a claim dispute with his travel insurer...</p>Thu, 08 May 2025 03:13:30 GMTICA chief defends price rises, calls for cross-sector solutionshttps://www.insurancenews.com.au/daily/ica-chief-defends-price-rises-calls-for-cross-sector-solutionshttps://www.insurancenews.com.au/daily/ica-chief-defends-price-rises-calls-for-cross-sector-solutions<p>The industry faces &ldquo;a perfect storm&rdquo; of factors that are driving up premiums, according to Insurance Council of Australia CEO Andrew Hall, who has called for collaboration to ease pressure on customers...</p>Wed, 07 May 2025 06:09:58 GMTNib mulls sale of travel cover businesshttps://www.insurancenews.com.au/daily/nib-mulls-sale-of-travel-cover-businesshttps://www.insurancenews.com.au/daily/nib-mulls-sale-of-travel-cover-business<p>Listed health insurer Nib Group is considering &ldquo;strategic options&rdquo;, including a sale, for its travel insurance arm...</p>Wed, 07 May 2025 06:09:40 GMTInsurer entitled to hike home premium after ‘data update’https://www.insurancenews.com.au/daily/insurer-entitled-to-hike-home-premium-after-data-updatehttps://www.insurancenews.com.au/daily/insurer-entitled-to-hike-home-premium-after-data-update<p>A homeowner has lost a dispute after his premium soared 50% &ndash; because his insurer said new information revealed the property had an increased risk of damage caused by &ldquo;storm and escape of liquid&rdquo;...</p>Wed, 07 May 2025 05:47:59 GMTINsight podcast: what now after Labor landslide?https://www.insurancenews.com.au/daily/insight-podcast-what-now-after-labor-landslidehttps://www.insurancenews.com.au/daily/insight-podcast-what-now-after-labor-landslide<p>Labor's federal election victory and implications for the industry are among the main discussion points on the latest Insurance News podcast...</p>Wed, 07 May 2025 04:17:22 GMT