insuranceNEWS.com.au - Daily

Steadfast denies misuse of power in $3m row with ex-member

Fri, 15 May 2026 05:36:49 GMT

Steadfast Group has rejected an accusation of “market power misuse” made by Dynamic Insurance Services, a Perth-based broking and authorised representative network...

Here to spray: flexi-hose claim costs rise again

Fri, 15 May 2026 05:36:36 GMT

Suncorp says the cost of claims caused by bursting flexi-hoses is still rising, and the ticking time bombs are not going anywhere in the short term...

Watchdog waves through Zurich-ClearView deal

Fri, 15 May 2026 05:36:35 GMT

The Australian Competition and Consumer Commission has cleared Zurich to proceed with its acquisition of life insurer ClearView Wealth...

AFCA unimpressed at driver’s U-turn on car theft account

Fri, 15 May 2026 05:36:13 GMT

A motor policyholder has lost a claim dispute after saying she had left a key in her stolen car, before changing her story when told an exclusion would apply...

‘Government has listened’: state backtracks on TasInsure

Thu, 14 May 2026 05:56:19 GMT

Premier Jeremy Rockliff says Tasmania will “partner with insurers, brokers, reinsurers” to fix insurance affordability and availability gaps in the island state...

Tour guide’s helicopter claim crashes despite cost saving

Thu, 14 May 2026 05:55:33 GMT

A trek guide who chartered a helicopter to deliver vital equipment that was delayed in transit has lost a coverage dispute, even though his actions prevented separate trip cancellation claims from his 29 clients...

Food maker fined again after fingers ‘crushed, lacerated, amputated’

Thu, 14 May 2026 05:55:20 GMT

A frozen food manufacturer has been fined $180,000 after a worker's finger was cut in a dough-mixing machine...

INsight podcast: federal budget disappoints again

Thu, 14 May 2026 05:52:43 GMT

The federal budget and its lack of action on insurance and disaster mitigation is the first topic discussed on the latest episode of the Insurance News podcast...

Budget acts on affordability, misses on mitigation

Wed, 13 May 2026 06:06:19 GMT

The federal budget has allocated $3.4 million over four years to develop measures that drive down property insurance costs and reduce unintentional underinsurance, but the government has not delivered a mitigation infrastructure boost...

RACQ Insurance defends ‘misleading’ comparisons

Wed, 13 May 2026 06:06:10 GMT

RACQ Insurance has defended its renewal premium disclosures in response to Federal Court action by the corporate regulator...

Australian chief takes Swiss Re global specialty job

Wed, 13 May 2026 06:05:55 GMT

Swiss Re Australia and New Zealand CEO Trent Thomson will become the group’s head of global specialty, based in London, from July 1...

‘Cosmetic’ row ends in call for a makeover

Wed, 13 May 2026 06:05:46 GMT

A strata block owners’ corporation has won a payout for hail damage after the industry ombudsman ruled roof dents were more than a “minor cosmetic” issue...

IAG sets customer, GWP goals under 2030 strategy

Tue, 12 May 2026 06:23:50 GMT

IAG aims to have more than 11 million customers and gross written premium above $25 billion by 2030...

‘Game-changer’: Hutch AI quote tool hailed as potential world first

Tue, 12 May 2026 06:23:20 GMT

Hutch Underwriting has launched Dawn, a groundbreaking AI service that binds via Ebix Sunrise Exchange, populates broker management systems and completes the entire quote process without manual data entry...

Pool losses ‘within expectations’ after busy cyclone season

Tue, 12 May 2026 06:18:41 GMT

Reinsurance pool losses from the latest cyclone season are estimated at about $267 million, based on an early view of impacts from nine declared events...

Compensation ordered after storm repairs trigger ‘emotional strain’

Tue, 12 May 2026 06:16:12 GMT

The financial services ombudsman has told Suncorp to pay the maximum amount of non-financial loss compensation to a homeowner after its poor handling of her storm claim led to delays and further damage...

Wild frontier: watchdog warns on AI threat as Mythos stokes fear

Fri, 08 May 2026 06:07:05 GMT

The corporate regulator has raised alarm over Mythos and other advanced AI tools, as it urges insurers and other financial services providers to “act now” on stronger cybersecurity...

QBE on track despite geopolitical turmoil

Fri, 08 May 2026 06:01:29 GMT

QBE has reported first-quarter gross written premium increases in line with expectations and catastrophe costs including Middle East impacts well within allowance...

Workers’ comp fraudster feels heat over his saucy secret

Fri, 08 May 2026 06:00:46 GMT

A former supermarket worker caught running a chilli sauce business while receiving compensation for a work-related injury has been ordered to pay back more than $117,000...

Mum wins compensation after email error sparks ‘harassment and abuse’

Fri, 08 May 2026 06:00:15 GMT

An insurer has been ordered to pay compensation to a mother after it mistakenly sent her abusive ex-husband an email said to contain her “highly sensitive personal information”...