insuranceNEWS.com.au - DailyGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auForecasters warn of weekend cyclone, flood dangerhttps://www.insurancenews.com.au/daily/forecasters-warn-of-weekend-cyclone-flood-dangerhttps://www.insurancenews.com.au/daily/forecasters-warn-of-weekend-cyclone-flood-danger<p>A tropical low near WA has a high chance of developing into a cyclone that could cross the Pilbara coastline over the weekend, the Bureau of Meteorology says...</p>Fri, 06 Feb 2026 05:11:18 GMTMonitor examines insurers’ levy practices as axe loomshttps://www.insurancenews.com.au/daily/monitor-examines-insurers-levy-practices-as-axe-loomshttps://www.insurancenews.com.au/daily/monitor-examines-insurers-levy-practices-as-axe-looms<p>The NSW Emergency Services Levy Insurance Monitor has consulted six companies about their approach to managing the charge ahead of its expected removal...</p>Fri, 06 Feb 2026 05:07:07 GMTConference tackles key market trends through exclusive reporthttps://www.insurancenews.com.au/daily/conference-tackles-key-market-trends-through-exclusive-reporthttps://www.insurancenews.com.au/daily/conference-tackles-key-market-trends-through-exclusive-report<p>Attendees at the third annual Insurance News conference will be given an exclusive printed copy of the latest INFORM report, put together with experts at Finity...</p>Fri, 06 Feb 2026 05:04:50 GMTInjured skier wins air ambulance payout after repatriation rowhttps://www.insurancenews.com.au/daily/injured-skier-wins-air-ambulance-payout-after-repatriation-rowhttps://www.insurancenews.com.au/daily/injured-skier-wins-air-ambulance-payout-after-repatriation-row<p>An injured skier who flew home from Japan against his insurer&rsquo;s advice has won his bid for a payout to cover an air ambulance and unused hotel costs...</p>Fri, 06 Feb 2026 05:03:28 GMTAviso reveals leadership line-up after Lockton raidhttps://www.insurancenews.com.au/daily/aviso-reveals-leadership-line-up-after-lockton-raidhttps://www.insurancenews.com.au/daily/aviso-reveals-leadership-line-up-after-lockton-raid<p>Aviso Specialty has confirmed a series of senior appointments after recruiting significant numbers of staff from rival brokerage Lockton...</p>Thu, 05 Feb 2026 05:00:00 GMTWorkers’ comp overhaul passes after months of deadlockhttps://www.insurancenews.com.au/daily/workers-comp-overhaul-passes-after-months-of-deadlockhttps://www.insurancenews.com.au/daily/workers-comp-overhaul-passes-after-months-of-deadlock<p>Reforms to NSW&rsquo;s workplace injury compensation laws have finally passed parliament after the state government and opposition agreed on compromises made by crossbenchers...</p>Thu, 05 Feb 2026 04:55:00 GMTZurich, Beazley agree $15 billion buyouthttps://www.insurancenews.com.au/daily/zurich-beazley-agree-15-billion-buyouthttps://www.insurancenews.com.au/daily/zurich-beazley-agree-15-billion-buyout<p>Zurich and Beazley have reached preliminary agreement on an &pound;8 billion ($15.6 billion) takeover after the Swiss giant improved its offer for the speciality lines insurer...</p>Thu, 05 Feb 2026 04:47:44 GMTFlood payout a bitter pill, but pharmacist wins disputehttps://www.insurancenews.com.au/daily/flood-payout-a-bitter-pill-but-pharmacist-wins-disputehttps://www.insurancenews.com.au/daily/flood-payout-a-bitter-pill-but-pharmacist-wins-dispute<p>A pharmacy owner has been awarded an additional payout for flood damage after her insurer overpaid for repairs that &ldquo;artificially eroded&rdquo; her sum insured...</p>Thu, 05 Feb 2026 04:00:30 GMTTattoo artist draws up safety standard to tackle insurance issueshttps://www.insurancenews.com.au/daily/tattoo-artist-draws-up-safety-standard-to-tackle-insurance-issueshttps://www.insurancenews.com.au/daily/tattoo-artist-draws-up-safety-standard-to-tackle-insurance-issues<p>A tattooist has launched a new safety and compliance standard as his industry battles &ldquo;systemic insurance challenges&rdquo;...</p>Wed, 04 Feb 2026 05:04:17 GMTCapacity, claims trends keep commercial rates softhttps://www.insurancenews.com.au/daily/capacity-claims-trends-keep-commercial-rates-softhttps://www.insurancenews.com.au/daily/capacity-claims-trends-keep-commercial-rates-soft<p>Commercial cover prices in Australia dropped by up to 20% in the fourth quarter as conditions remained in buyers&rsquo; favour, Aon says in a global market update...</p>Wed, 04 Feb 2026 04:57:32 GMTAccommodation company wins covid cancellations rowhttps://www.insurancenews.com.au/daily/accommodation-company-wins-covid-cancellations-rowhttps://www.insurancenews.com.au/daily/accommodation-company-wins-covid-cancellations-row<p>A short-stay accommodation business has won a dispute over cover for trading losses following a Covid-19 outbreak...</p>Wed, 04 Feb 2026 04:56:26 GMTINsight podcast: summer fires turn up heat on affordabilityhttps://www.insurancenews.com.au/daily/insight-podcast-summer-fires-turn-up-heat-on-affordabilityhttps://www.insurancenews.com.au/daily/insight-podcast-summer-fires-turn-up-heat-on-affordability<p>The first natural catastrophe of the year is the hottest topic on the latest episode of the Insurance News podcast...</p>Wed, 04 Feb 2026 04:54:18 GMTPerils raises spring storm loss estimatehttps://www.insurancenews.com.au/daily/perils-raises-spring-storm-loss-estimatehttps://www.insurancenews.com.au/daily/perils-raises-spring-storm-loss-estimate<p>Insured losses from storms in Australia&rsquo;s east in October will reach $1.51 billion, Swiss catastrophe data company Perils estimates...</p>Tue, 03 Feb 2026 05:25:06 GMTRedacted report breaks down NZ affordability issuehttps://www.insurancenews.com.au/daily/redacted-report-breaks-down-nz-affordability-issuehttps://www.insurancenews.com.au/daily/redacted-report-breaks-down-nz-affordability-issue<p>New Zealand home premiums have risen at three times the pace of the consumer price index since 2011 and by more than 40% in the past two years, with properties subject to flooding and seismic risks drawing significantly higher increases, a Treasury report says...</p>Tue, 03 Feb 2026 05:22:18 GMTASIC deputy to step up after Longo leaveshttps://www.insurancenews.com.au/daily/asic-deputy-to-step-up-after-longo-leaveshttps://www.insurancenews.com.au/daily/asic-deputy-to-step-up-after-longo-leaves<p>Australian Securities and Investments Commission deputy chair Sarah Court will become chair when Joe Longo finishes his term at the end of May...</p>Tue, 03 Feb 2026 05:20:27 GMTAFCA backs insurer after chewing over termite damage claimhttps://www.insurancenews.com.au/daily/afca-backs-insurer-after-chewing-over-termite-damage-claimhttps://www.insurancenews.com.au/daily/afca-backs-insurer-after-chewing-over-termite-damage-claim<p>A homeowner who tried to link termite holes in his wall to a previous storm damage claim will not be covered after the complaints authority accepted long-term moisture issues led to the loss...</p>Tue, 03 Feb 2026 05:19:36 GMTThree charged over $1m insurance fraudhttps://www.insurancenews.com.au/daily/three-charged-over-1m-insurance-fraudhttps://www.insurancenews.com.au/daily/three-charged-over-1m-insurance-fraud<p>Financial crime squad detectives in NSW have charged three men over an alleged insurance fraud worth more than $1 million that involved fake invoices for lawn mowing, cleaning and other domestic services...</p>Fri, 30 Jan 2026 05:11:24 GMTInsurer warned over motor discount failureshttps://www.insurancenews.com.au/daily/insurer-warned-over-motor-discount-failureshttps://www.insurancenews.com.au/daily/insurer-warned-over-motor-discount-failures<p>Aioi Nissay Dowa Insurance has been issued a public warning for failing to deliver on advertised discounts for motor policies sold online and through vehicle dealerships...</p>Fri, 30 Jan 2026 05:11:01 GMTCrash victim at fault for checking phone while crossing roadhttps://www.insurancenews.com.au/daily/crash-victim-at-fault-for-checking-phone-while-crossing-roadhttps://www.insurancenews.com.au/daily/crash-victim-at-fault-for-checking-phone-while-crossing-road<p>A man who was hit by a car as he crossed a six-lane road while looking at his phone has had his benefits claim rejected after the NSW Personal Injury Commission found he was at fault...</p>Fri, 30 Jan 2026 05:10:46 GMTJeweller not to blame for $500k distraction theft: AFCAhttps://www.insurancenews.com.au/daily/jeweller-not-to-blame-for-500k-distraction-theft-afcahttps://www.insurancenews.com.au/daily/jeweller-not-to-blame-for-500k-distraction-theft-afca<p>Lloyd&rsquo;s must settle with a jewellery shop after a customer stole gold chains worth $500,000 when a sales assistant left the room, the industry ombudsman has ruled...</p>Fri, 30 Jan 2026 05:08:38 GMT