General insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auhttps://www.insurancenews.com.au/local/narelle-tipped-to-regain-power-around-wa-coasthttps://www.insurancenews.com.au/local/narelle-tipped-to-regain-power-around-wa-coast<p>Flood emergency warnings remain in place for Katherine and surrounding areas after Ex-Tropical Cyclone Narelle brought heavy rain to the region while moving west towards WA...</p>Mon, 23 Mar 2026 03:38:39 GMThttps://www.insurancenews.com.au/local/code-committee-begins-search-for-new-chairhttps://www.insurancenews.com.au/local/code-committee-begins-search-for-new-chair<p>The General Insurance Code Governance Committee is looking for an independent chair to succeed Veronique Ingram at the end of her second term...</p>Mon, 23 Mar 2026 03:38:33 GMThttps://www.insurancenews.com.au/local/product-recalls-ease-but-regulators-sharply-focusedhttps://www.insurancenews.com.au/local/product-recalls-ease-but-regulators-sharply-focused<p>The number of Australian product safety &ldquo;market actions&rdquo;, including recalls, dropped 3.2% last year, according to Sedgwick...</p>Mon, 23 Mar 2026 03:38:26 GMThttps://www.insurancenews.com.au/local/pacific-w-and-i-market-stable-amid-global-pivothttps://www.insurancenews.com.au/local/pacific-w-and-i-market-stable-amid-global-pivot<p>Sharp downward pressure in transactional risk insurance pricing largely stabilised in the Pacific region last year amid a global market turn, a Marsh report says...</p>Mon, 23 Mar 2026 03:38:17 GMThttps://www.insurancenews.com.au/local/nation-suffers-summer-of-climate-whiplashhttps://www.insurancenews.com.au/local/nation-suffers-summer-of-climate-whiplash<p>Global heating impacts are overpowering natural climate drivers, leading Australia into a period of rapidly changing disaster risk, according to the Climate Council...</p>Mon, 23 Mar 2026 03:38:06 GMThttps://www.insurancenews.com.au/local/fresh-deluge-feared-as-industry-supports-nt-queensland-customershttps://www.insurancenews.com.au/local/fresh-deluge-feared-as-industry-supports-nt-queensland-customers<p>Flood warnings remain in place for parts of Queensland as insurers including Allianz, IAG and Suncorp mobilise staff to help affected customers...</p>Mon, 16 Mar 2026 04:01:00 GMThttps://www.insurancenews.com.au/local/insurers-forced-to-pay-up-on-2015-highway-flood-damagehttps://www.insurancenews.com.au/local/insurers-forced-to-pay-up-on-2015-highway-flood-damage<p>A dispute about expert reports on flooding in Queensland 11 years ago has been resolved, with a court finding against several insurers...</p>Mon, 16 Mar 2026 04:00:54 GMThttps://www.insurancenews.com.au/local/unlocked-car-was-attended-when-thieves-struckhttps://www.insurancenews.com.au/local/unlocked-car-was-attended-when-thieves-struck<p>A motorist who left his car unlocked with the keys inside should have his theft claim paid, the financial services ombudsman has ruled...</p>Mon, 16 Mar 2026 04:00:30 GMThttps://www.insurancenews.com.au/local/aviation-insurers-exposed-to-iran-risks-lawyers-warnhttps://www.insurancenews.com.au/local/aviation-insurers-exposed-to-iran-risks-lawyers-warn<p>The Iran war has implications for Australian insurers underwriting airlines, airports and aviation risks, according to law firm Kennedys...</p>Mon, 16 Mar 2026 03:24:36 GMThttps://www.insurancenews.com.au/local/an-excess-of-choices-authority-to-rule-on-double-coverage-disputehttps://www.insurancenews.com.au/local/an-excess-of-choices-authority-to-rule-on-double-coverage-dispute<p>A dispute service will be asked to decide if a body corporate acted reasonably when it charged one of its members the excess on an insurance claim...</p>Mon, 16 Mar 2026 03:24:23 GMThttps://www.insurancenews.com.au/local/repairers-double-down-on-rac-deal-concernshttps://www.insurancenews.com.au/local/repairers-double-down-on-rac-deal-concerns<p>The Motor Trades Association of Australia has reiterated its opposition to IAG&rsquo;s proposed acquisition of RAC Insurance, as the competition regulator considers a new application...</p>Mon, 16 Mar 2026 03:22:49 GMThttps://www.insurancenews.com.au/local/perils-finalises-alfred-loss-tally-at-1-87-billionhttps://www.insurancenews.com.au/local/perils-finalises-alfred-loss-tally-at-1-87-billion<p>Ex-Tropical Cyclone Alfred caused insured losses of about $1.877 billion, Perils says in its fourth and final estimate on the storm...</p>Mon, 16 Mar 2026 03:22:35 GMThttps://www.insurancenews.com.au/local/right-thing-to-do-passport-card-evacuates-middle-east-customershttps://www.insurancenews.com.au/local/right-thing-to-do-passport-card-evacuates-middle-east-customers<p>Travel insurer PassportCard has covered all costs to repatriate customers stranded in the Middle East conflict zone &ndash; despite war exclusions in its policies...</p>Mon, 09 Mar 2026 22:02:37 GMThttps://www.insurancenews.com.au/local/nt-queensland-under-threat-as-major-flood-hits-katherinehttps://www.insurancenews.com.au/local/nt-queensland-under-threat-as-major-flood-hits-katherine<p>Emergency warnings remain in place for flood-hit NT town Katherine&rsquo;s 10,000-plus residents, while parts of Queensland are also bracing for severe inundation...</p>Mon, 09 Mar 2026 04:08:55 GMThttps://www.insurancenews.com.au/local/court-refuses-urgent-hearing-on-tobacco-house-firehttps://www.insurancenews.com.au/local/court-refuses-urgent-hearing-on-tobacco-house-fire<p>A woman alleged to have had illegal tobacco in her house has failed to secure an urgent civil trial to prove her insurer&rsquo;s liability after fire severely damaged the home...</p>Mon, 09 Mar 2026 02:27:05 GMThttps://www.insurancenews.com.au/local/falling-revenues-rising-premiums-squeeze-smeshttps://www.insurancenews.com.au/local/falling-revenues-rising-premiums-squeeze-smes<p>Small businesses were more likely than large ones to experience revenue drops in the past year, while about 60% have also reported premium increases, according to Vero&rsquo;s annual SME Insurance Index...</p>Mon, 09 Mar 2026 02:26:56 GMThttps://www.insurancenews.com.au/local/insurers-to-revisit-flood-hit-inghamhttps://www.insurancenews.com.au/local/insurers-to-revisit-flood-hit-ingham<p>The Insurance Council of Australia will return to the north Queensland town of Ingham this week to host a consultation session for disaster-hit residents...</p>Mon, 09 Mar 2026 02:26:24 GMThttps://www.insurancenews.com.au/local/ica-flags-travel-policy-war-exclusionshttps://www.insurancenews.com.au/local/ica-flags-travel-policy-war-exclusions<p>The Insurance Council of Australia has warned travel insurance generally excludes cover for losses arising from armed conflicts, given safety risks to people and potential financial impacts on insurers...</p>Mon, 02 Mar 2026 04:09:59 GMThttps://www.insurancenews.com.au/local/industry-profit-sinks-as-hail-hits-homehttps://www.insurancenews.com.au/local/industry-profit-sinks-as-hail-hits-home<p>The general insurance industry made a $132 million net profit in the December quarter, taking its year total to about $5.8 billion, according to Australian Prudential Regulation Authority data...</p>Mon, 02 Mar 2026 04:00:09 GMThttps://www.insurancenews.com.au/local/motor-to-fore-as-afca-complaints-surgehttps://www.insurancenews.com.au/local/motor-to-fore-as-afca-complaints-surge<p>The Australian Financial Complaints Authority received 36,326 general insurance complaints last year, up 20% on 2024...</p>Mon, 02 Mar 2026 04:00:00 GMT