General insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auhttps://www.insurancenews.com.au/local/new-climate-risk-assessment-paints-stark-picturehttps://www.insurancenews.com.au/local/new-climate-risk-assessment-paints-stark-picture<p>The federal government today released its first National Climate Risk Assessment and National Adaptation Plan, warning impacts from natural catastrophes will worsen as access to insurance falls...</p>Mon, 15 Sep 2025 04:55:34 GMThttps://www.insurancenews.com.au/local/trowbridge-backs-strata-commission-movehttps://www.insurancenews.com.au/local/trowbridge-backs-strata-commission-move<p>Industry consultant John Trowbridge has backed the Strata Community Association NSW decision to phase out insurance commissions and has outlined steps underwriters and brokers should take...</p>Mon, 15 Sep 2025 04:54:51 GMThttps://www.insurancenews.com.au/local/insured-not-to-blame-after-fire-spread-to-neighbour-s-carhttps://www.insurancenews.com.au/local/insured-not-to-blame-after-fire-spread-to-neighbour-s-car<p>The insurer of a car that caught fire is not liable for damage to a neighbour&rsquo;s vehicle, the financial services ombudsman has ruled...</p>Mon, 15 Sep 2025 04:29:49 GMThttps://www.insurancenews.com.au/local/study-reveals-steep-climb-in-home-cover-priceshttps://www.insurancenews.com.au/local/study-reveals-steep-climb-in-home-cover-prices<p>The average cost of a new home and contents policy has risen 14% over the past year, according to researcher Canstar...</p>Mon, 15 Sep 2025 04:29:42 GMThttps://www.insurancenews.com.au/local/councils-fall-behind-in-race-to-fund-resiliencehttps://www.insurancenews.com.au/local/councils-fall-behind-in-race-to-fund-resilience<p>Local governments must invest more to mitigate the effects of climate change but their revenues are growing much slower than natural disaster costs, the Australia Institute warns...</p>Mon, 15 Sep 2025 04:29:30 GMThttps://www.insurancenews.com.au/local/perils-lowers-alfred-cost-estimate-to-below-2-billionhttps://www.insurancenews.com.au/local/perils-lowers-alfred-cost-estimate-to-below-2-billion<p>Catastrophe data specialist Perils has revised its insured loss estimate for Cyclone Alfred to $1.92 billion following a third assessment...</p>Mon, 15 Sep 2025 04:29:16 GMThttps://www.insurancenews.com.au/local/forecasters-flag-increased-flood-threathttps://www.insurancenews.com.au/local/forecasters-flag-increased-flood-threat<p>Eastern Australia is expected to receive above average rainfall in the fourth quarter of the year, with increased flood risk in parts of NSW and Queensland...</p>Mon, 15 Sep 2025 04:28:50 GMThttps://www.insurancenews.com.au/local/strata-group-to-train-managers-for-commission-shifthttps://www.insurancenews.com.au/local/strata-group-to-train-managers-for-commission-shift<p>Strata Community Association NSW says the phasing out of insurance commissions from next year will be supported by training, as the shift to alternative arrangements may be challenging for some managers...</p>Mon, 08 Sep 2025 03:25:14 GMThttps://www.insurancenews.com.au/local/nz-home-insurer-halts-sales-in-high-risk-quake-zoneshttps://www.insurancenews.com.au/local/nz-home-insurer-halts-sales-in-high-risk-quake-zones<p>AA Insurance has stopped selling home cover to new customers in New Zealand postcodes it has assessed as facing high risk of earthquakes...</p>Mon, 08 Sep 2025 03:24:48 GMThttps://www.insurancenews.com.au/local/insurers-win-court-battle-over-securities-d-and-o-payoutshttps://www.insurancenews.com.au/local/insurers-win-court-battle-over-securities-d-and-o-payouts<p>Software company Nuix, subject to a shareholder class action and regulatory proceedings after listing in 2020, has lost a court case about the retention on insurance it held...</p>Mon, 08 Sep 2025 03:24:14 GMThttps://www.insurancenews.com.au/local/ombudsman-urged-to-toughen-scope-of-works-stancehttps://www.insurancenews.com.au/local/ombudsman-urged-to-toughen-scope-of-works-stance<p>Financial Counselling Victoria has urged the dispute ombudsman to redefine &ldquo;fair and accurate&rdquo; relating to the scope of works in a home insurance cash settlement...</p>Mon, 08 Sep 2025 03:23:55 GMThttps://www.insurancenews.com.au/local/more-help-for-nsw-flood-claimantshttps://www.insurancenews.com.au/local/more-help-for-nsw-flood-claimants<p>The Insurance Council of Australia will host consultations for flood victims across NSW&rsquo;s Mid North Coast...</p>Mon, 08 Sep 2025 03:23:23 GMThttps://www.insurancenews.com.au/local/longer-term-issues-persist-for-household-linehttps://www.insurancenews.com.au/local/longer-term-issues-persist-for-household-line<p>The householders line&rsquo;s improved results have not altered home insurers&rsquo; long-term cost challenges, including from extreme weather perils, the industry peak body says...</p>Mon, 01 Sep 2025 04:51:33 GMThttps://www.insurancenews.com.au/local/cyclone-pool-success-not-easily-repeated-for-floodhttps://www.insurancenews.com.au/local/cyclone-pool-success-not-easily-repeated-for-flood<p>Establishing a government pool for flood threats to tackle steep premiums should not be the &ldquo;default solution&rdquo;, even after a positive outcome on cyclone risk, actuaries warn...</p>Mon, 01 Sep 2025 04:51:25 GMThttps://www.insurancenews.com.au/local/court-hears-appeal-on-bi-declassinghttps://www.insurancenews.com.au/local/court-hears-appeal-on-bi-declassing<p>Federal Court judges have reserved their decision after an appeal hearing over two proposed business interruption class actions...</p>Mon, 01 Sep 2025 04:51:14 GMThttps://www.insurancenews.com.au/local/nz-homeowners-face-uninsurable-future-consumer-group-sayshttps://www.insurancenews.com.au/local/nz-homeowners-face-uninsurable-future-consumer-group-says<p>Consumer New Zealand says property owners may be priced out of home cover in the next decade after premiums increased by 916% over the past 25 years...</p>Mon, 01 Sep 2025 04:51:01 GMThttps://www.insurancenews.com.au/local/towing-body-slams-fees-freezehttps://www.insurancenews.com.au/local/towing-body-slams-fees-freeze<p>Accident towing operators across Melbourne may fail if Victoria&rsquo;s Essential Services Commission continues with current fee structures, an industry group warns...</p>Mon, 01 Sep 2025 04:50:44 GMThttps://www.insurancenews.com.au/local/volcanic-heat-sheds-light-on-blast-impactshttps://www.insurancenews.com.au/local/volcanic-heat-sheds-light-on-blast-impacts<p>Natural Hazards Commission Toka Tu Ake say signs of heat under the Auckland area&rsquo;s largest volcano could provide vital insights into the after-effects of an eruption...</p>Mon, 01 Sep 2025 04:50:15 GMThttps://www.insurancenews.com.au/local/industry-alarm-at-pause-on-construction-codehttps://www.insurancenews.com.au/local/industry-alarm-at-pause-on-construction-code<p>The federal government&rsquo;s plan to deliver more homes by easing the regulatory burden on the building sector has stoked concerns among insurers...</p>Mon, 25 Aug 2025 04:38:17 GMThttps://www.insurancenews.com.au/local/building-dispute-decision-a-boost-for-industryhttps://www.insurancenews.com.au/local/building-dispute-decision-a-boost-for-industry<p>The NSW Supreme Court has rejected a property owner&rsquo;s bid to sue the insurer of a builder that went broke...</p>Mon, 25 Aug 2025 04:37:19 GMT