insuranceNEWS.com.au - Daily

‘Some sort of intervention’ needed on climate risk: Hall

Tue, 16 Sep 2025 06:13:16 GMT

Australian insurers accept the federal government will probably intervene to address high-risk properties being priced out of cover – but the industry's minister has pledged not to “cut and paste” overseas solutions...

AUB hunts for finance chief as ‘instrumental’ exec leaves

Tue, 16 Sep 2025 06:12:25 GMT

AUB Group is searching for a new CFO following the departure of Mark Shanahan after almost eight years in the role...

ICA rejects corporate tax overhaul, seeks ‘real productivity gains’

Tue, 16 Sep 2025 06:12:05 GMT

The Insurance Council of Australia has criticised an “unworkable” tax reform proposed as part of a federal government bid to lift productivity, instead backing a broader tax overhaul and recommendations to improve mitigation and efficiency...

Legal costs claim falls short, but insurer to pay for delays

Tue, 16 Sep 2025 06:11:05 GMT

A homeowner who was sued by someone who fell outside his property has lost a bid to make his insurer cover his legal costs...

‘Necessary refinement’: CGU cuts personal lines commissions

Fri, 12 Sep 2025 06:21:01 GMT

CGU Insurance says commission rates for home, landlord and private motor will be reduced by 2.5% from February 21...

Marsh head of corporate and commercial to join Gallagher

Fri, 12 Sep 2025 06:17:28 GMT

Marsh’s head of corporate and commercial for the Pacific business Johannes D Veldsman is joining rival international brokerage Gallagher...

Industry urges caution on Victorian strata payments reform

Fri, 12 Sep 2025 06:16:21 GMT

Victoria should carefully assess the possible impacts of banning strata manager commissions and consider reforms to stop insurable buildings becoming high-risk liabilities due to maintenance failings, the Insurance Council of Australia says...

Ombudsman backs insurer over crime victim’s ‘consent’

Fri, 12 Sep 2025 06:14:09 GMT

A theft victim has been denied a payout after a removalist stole her car, a boat and other items, because the losses fell under a consent exclusion in her insurance policy...

Actions on rates and risk buoy home insurers

Thu, 11 Sep 2025 06:25:11 GMT

Homeowners insurance profitability has improved following underwriting responses in many global regions, despite growing catastrophe risks, Moody’s Ratings says...

Removalist hire not a care cost, injury commission rules

Thu, 11 Sep 2025 06:24:47 GMT

Hiring a removalist does not constitute “treatment and care” for insurance purposes, the NSW Personal Injury Commission has found...

Insurance News backs R U OK? Day with wellness survey

Thu, 11 Sep 2025 06:23:51 GMT

The annual Insurance News Wellbeing Survey is under way, coinciding with R U OK? Day today...

Payout in the pipeline as ombudsman rules on leak claim

Thu, 11 Sep 2025 06:23:10 GMT

A strata site that claimed for water damage will receive a payout after the complaints authority ruled the loss was probably caused by a truck hitting pipes...

More states to follow TasInsure’s lead, Rockliff insists

Wed, 10 Sep 2025 06:30:47 GMT

Tasmanian Premier Jeremy Rockliff has doubled down on his party’s plan to set up a state general insurer and says others may follow suit...

Strong wind the ‘invisible force’ behind winter claims

Wed, 10 Sep 2025 06:29:04 GMT

NRMA Insurance received more than 9400 wild weather claims in winter as wind damaged homes and vehicles...

Couple run out of options in bid for ring payout

Wed, 10 Sep 2025 06:28:30 GMT

A couple who sought a $15,000 payout for a missing engagement ring have lost a claim dispute because they did not buy an optional benefit that would have covered the item...

INsight podcast: high hopes for minister's mission to Europe

Wed, 10 Sep 2025 03:27:07 GMT

An upcoming insurance delegation to Europe that includes Financial Services Minister Daniel Mulino is the main topic discussed on the latest Insurance News podcast...

Regulator probes car cover pricing practices

Tue, 09 Sep 2025 06:31:00 GMT

The Australian Securities and Investments Commission is reviewing the “accuracy and transparency” of motor insurance pricing...

Court backs home care as reasonable cost

Tue, 09 Sep 2025 06:30:53 GMT

A court decision supporting a compensation claim involving higher costs for home care has provided much-needed clarity on the issue of “reasonableness”, Clyde & Co lawyers say...

Swiss Re tips premiums to climb in ‘riskier world’

Tue, 09 Sep 2025 06:22:47 GMT

Global property and casualty premiums are expected to grow in line with GDP over the next decade, driven by rising natural catastrophe losses, asset accumulation, and economic and litigation claims inflation, Swiss Re Institute says in a report...

AFCA sides with travel insurers over missing jewellery

Tue, 09 Sep 2025 06:17:51 GMT

The financial services ombudsman has backed two travel insurers in disputes over their sublimits on payments for lost jewellery...