General insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auhttps://www.insurancenews.com.au/local/storm-claims-roll-in-as-bureau-website-slammedhttps://www.insurancenews.com.au/local/storm-claims-roll-in-as-bureau-website-slammed<p>Insurers have received more than 3600 claims after strong wind and large hail swept through the Brisbane area last night &ndash; and a revamped Bureau of Meteorology website has been criticised for failing to properly track the storm...</p>Mon, 27 Oct 2025 03:13:08 GMThttps://www.insurancenews.com.au/local/so-much-new-capital-as-commercial-rates-continue-to-easehttps://www.insurancenews.com.au/local/so-much-new-capital-as-commercial-rates-continue-to-ease<p>Commercial pricing is poised to moderate further after rates fell for the seventh straight quarter...</p>Mon, 27 Oct 2025 03:13:00 GMThttps://www.insurancenews.com.au/local/sca-nsw-says-commissions-reform-is-voluntaryhttps://www.insurancenews.com.au/local/sca-nsw-says-commissions-reform-is-voluntary<p>The company supports reform but is concerned about shifting costs to consumers and proposes an alternative approach whereby a fixed fee, paid by insurers and adjusted to the consumer price index, replaces commission-based payments...</p>Mon, 27 Oct 2025 03:12:45 GMThttps://www.insurancenews.com.au/local/strata-cover-remains-affordable-while-house-premiums-soarhttps://www.insurancenews.com.au/local/strata-cover-remains-affordable-while-house-premiums-soar<p>Body corporates &ldquo;collectively gained ground&rdquo; on insurance affordability as strata premiums rose a &ldquo;modest&rdquo; 2.8% to $981 per lot in the year to June, CHU says...</p>Mon, 27 Oct 2025 03:09:51 GMThttps://www.insurancenews.com.au/local/ai-bec-experts-to-offer-free-work-for-vulnerable-consumershttps://www.insurancenews.com.au/local/ai-bec-experts-to-offer-free-work-for-vulnerable-consumers<p>The Association of Insurance Building and Engineering Consultants has launched a program for members to provide pro-bono services for vulnerable people...</p>Mon, 27 Oct 2025 03:09:39 GMThttps://www.insurancenews.com.au/local/flood-threat-slaps-42-billion-disaster-penalty-on-homeshttps://www.insurancenews.com.au/local/flood-threat-slaps-42-billion-disaster-penalty-on-homes<p>Homes in flood zones are collectively worth $42.2 billion less than they would be without the risk, the Climate Council and property data group PropTrack have found...</p>Mon, 27 Oct 2025 03:09:26 GMThttps://www.insurancenews.com.au/local/ica-heads-back-to-flood-hit-inghamhttps://www.insurancenews.com.au/local/ica-heads-back-to-flood-hit-ingham<p>The Insurance Council of Australia will host more consultation sessions in the north Queensland town of Ingham to help customers with flood claims from earlier this year...</p>Mon, 27 Oct 2025 03:09:10 GMThttps://www.insurancenews.com.au/local/nz-cat-losses-to-spiral-without-climate-policy-shift-verohttps://www.insurancenews.com.au/local/nz-cat-losses-to-spiral-without-climate-policy-shift-vero<p>Vero New Zealand predicts extreme weather losses will rise 26% by 2050 under current government climate policies...</p>Mon, 27 Oct 2025 03:08:55 GMThttps://www.insurancenews.com.au/local/don-t-risk-your-life-for-likes-young-travellers-warnedhttps://www.insurancenews.com.au/local/don-t-risk-your-life-for-likes-young-travellers-warned<p>Almost one-quarter of young travellers had no insurance on their most recent overseas trip and those aged 18-29 are most likely engage in risky behaviour, research shows...</p>Mon, 27 Oct 2025 03:08:34 GMThttps://www.insurancenews.com.au/local/call-to-action-many-brokers-unprepared-for-market-shiftshttps://www.insurancenews.com.au/local/call-to-action-many-brokers-unprepared-for-market-shifts<p>Technology, regulatory trends and evolving risks are among the disruptive forces challenging brokers&rsquo; preparedness, a report released today at the NIBA Convention finds...</p>Mon, 20 Oct 2025 01:57:37 GMThttps://www.insurancenews.com.au/local/youi-a-big-spender-as-fierce-competition-drives-industry-ad-budgethttps://www.insurancenews.com.au/local/youi-a-big-spender-as-fierce-competition-drives-industry-ad-budget<p>Australian insurers spent $463.7 million on advertising in the year to August, up 4.7% on the previous period, according to new data from Nielsen Ad Intel...</p>Mon, 20 Oct 2025 01:57:20 GMThttps://www.insurancenews.com.au/local/dog-attack-payout-excludes-witness-traumahttps://www.insurancenews.com.au/local/dog-attack-payout-excludes-witness-trauma<p>A court has awarded damages for physical and psychological injuries following a dog attack but has rejected a bid for a payout over the trauma of witnessing the incident...</p>Mon, 20 Oct 2025 01:57:11 GMThttps://www.insurancenews.com.au/local/comparator-index-shows-household-premium-jumphttps://www.insurancenews.com.au/local/comparator-index-shows-household-premium-jump<p>Home and contents policy prices in Australia&rsquo;s largest cities have increased 22.8% in the past year, according to Compare the Market&rsquo;s new General Insurance Quote Index...</p>Mon, 20 Oct 2025 01:57:03 GMThttps://www.insurancenews.com.au/local/simplified-code-must-not-strip-out-protections-watchdog-sayshttps://www.insurancenews.com.au/local/simplified-code-must-not-strip-out-protections-watchdog-says<p>The Australian Securities and Investments Commission has warned insurers against losing consumer protections while simplifying their code of practice in a major rewrite...</p>Mon, 13 Oct 2025 03:35:12 GMThttps://www.insurancenews.com.au/local/youi-tackles-electric-car-misinformationhttps://www.insurancenews.com.au/local/youi-tackles-electric-car-misinformation<p>Youi says its research shows cost concerns are slowing the uptake of electric vehicles...</p>Mon, 13 Oct 2025 03:35:00 GMThttps://www.insurancenews.com.au/local/ica-climate-expert-reveals-peril-pool-blueprinthttps://www.insurancenews.com.au/local/ica-climate-expert-reveals-peril-pool-blueprint<p>Governments and insurers worldwide are building shared risk pools, but they only work if they reduce underlying threats, according to Insurance Council of Australia climate, social policy and engagement GM Alix Pearce...</p>Mon, 13 Oct 2025 03:34:51 GMThttps://www.insurancenews.com.au/local/hazards-body-in-landmark-partnership-with-canadian-counterparthttps://www.insurancenews.com.au/local/hazards-body-in-landmark-partnership-with-canadian-counterpart<p>Natural Hazards Research Australia has formed a knowledge-sharing alliance with the Wildfire Resilience Consortium of Canada...</p>Mon, 13 Oct 2025 03:34:35 GMThttps://www.insurancenews.com.au/local/nz-builders-offered-crash-course-in-quake-safetyhttps://www.insurancenews.com.au/local/nz-builders-offered-crash-course-in-quake-safety<p>New Zealand building practitioners can take two new seismic resilience training modules to help them strengthen homes against earthquakes...</p>Mon, 13 Oct 2025 03:33:18 GMThttps://www.insurancenews.com.au/local/customers-running-the-risk-to-cut-costs-study-showshttps://www.insurancenews.com.au/local/customers-running-the-risk-to-cut-costs-study-shows<p>Three in five households have gone without or delayed buying essential coverage due to affordability concerns, according to Choosi&rsquo;s Insurance Gap report...</p>Mon, 13 Oct 2025 03:33:10 GMThttps://www.insurancenews.com.au/local/study-finds-link-between-forest-loss-and-flood-threathttps://www.insurancenews.com.au/local/study-finds-link-between-forest-loss-and-flood-threat<p>Deforestation in river catchment areas can increase the likelihood of a significant flood by up to 700%, new research suggests...</p>Mon, 13 Oct 2025 03:32:55 GMT