General insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auhttps://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 GMThttps://www.insurancenews.com.au/local/solar-panel-risks-a-blind-spot-for-insurershttps://www.insurancenews.com.au/local/solar-panel-risks-a-blind-spot-for-insurers<p>Insurers have been urged to help address fire risks and other dangers in solar power assets...</p>Mon, 25 Aug 2025 04:37:03 GMThttps://www.insurancenews.com.au/local/tower-adds-landslide-sea-surge-to-address-level-pricinghttps://www.insurancenews.com.au/local/tower-adds-landslide-sea-surge-to-address-level-pricing<p>Insurer Tower is adding individual property risk ratings for landslide and sea surge to its premium modelling across New Zealand...</p>Mon, 25 Aug 2025 04:36:54 GMThttps://www.insurancenews.com.au/local/scam-awareness-campaign-launches-as-losses-risehttps://www.insurancenews.com.au/local/scam-awareness-campaign-launches-as-losses-rise<p>Losses from scams increased to $175 million in the first six months of the year despite a 24% drop in the number of reports to a national help service...</p>Mon, 25 Aug 2025 04:36:42 GMThttps://www.insurancenews.com.au/local/queensland-quake-tipped-to-trigger-claimshttps://www.insurancenews.com.au/local/queensland-quake-tipped-to-trigger-claims<p>Insurers face a long tail of small claims following the Queensland earthquake on August 16, according to Risk Frontiers...</p>Mon, 25 Aug 2025 04:36:08 GMThttps://www.insurancenews.com.au/local/excessive-driving-costs-policyholderhttps://www.insurancenews.com.au/local/excessive-driving-costs-policyholder<p>A driver has lost a dispute over her excess after she exceeded the kilometre limit under a pay as you drive policy...</p>Mon, 25 Aug 2025 04:21:30 GMThttps://www.insurancenews.com.au/local/study-examines-coverage-concerns-in-flood-prone-regionhttps://www.insurancenews.com.au/local/study-examines-coverage-concerns-in-flood-prone-region<p>Regional Victorians have been asked to share their experiences around insurance affordability for a survey by advocacy group ARC Justice...</p>Mon, 18 Aug 2025 04:45:32 GMThttps://www.insurancenews.com.au/local/exorbitant-premium-rise-driven-by-insurer-managing-market-sharehttps://www.insurancenews.com.au/local/exorbitant-premium-rise-driven-by-insurer-managing-market-share<p>Homeowners have lost a dispute over soaring premiums after their insurer made changes &ldquo;to manage market share in different geographies&rdquo;...</p>Mon, 18 Aug 2025 04:45:23 GMThttps://www.insurancenews.com.au/local/state-mps-press-for-disaster-recovery-revamphttps://www.insurancenews.com.au/local/state-mps-press-for-disaster-recovery-revamp<p>Victoria should shift from a &ldquo;traditional like for like&rdquo; rebuilding model to one that prioritises climate resilience, according to an inquiry report welcomed by the Insurance Council of Australia...</p>Mon, 18 Aug 2025 04:45:01 GMThttps://www.insurancenews.com.au/local/warning-over-workers-secret-ai-usehttps://www.insurancenews.com.au/local/warning-over-workers-secret-ai-use<p>Many workers are using generative artificial intelligence tools without their managers&rsquo; knowledge, creating governance and risk concerns for organisations, according to a report from the federal government&rsquo;s adviser on skills needs...</p>Mon, 18 Aug 2025 04:43:59 GMThttps://www.insurancenews.com.au/local/in-insurance-news-magazine-this-monthaug25https://www.insurancenews.com.au/local/in-insurance-news-magazine-this-monthaug25<p>High-tech car crime is hitting drivers hard &ndash; but insurers are investigating ways to fight back against the next generation of crooks...</p>Mon, 18 Aug 2025 04:40:37 GMThttps://www.insurancenews.com.au/local/alleged-fraudster-charged-over-16-staged-car-smasheshttps://www.insurancenews.com.au/local/alleged-fraudster-charged-over-16-staged-car-smashes<p>A Sydney man faced court today after allegedly staging car crashes to fraudulently claim $390,480 from an insurer...</p>Mon, 11 Aug 2025 04:47:30 GMThttps://www.insurancenews.com.au/local/tech-savvy-thieves-drive-car-crime-numbershttps://www.insurancenews.com.au/local/tech-savvy-thieves-drive-car-crime-numbers<p>Car owners in Victoria have been urged to use &ldquo;straightforward anti-theft items&rdquo; after new data showed a sharp rise in motor vehicle crime...</p>Mon, 11 Aug 2025 04:47:20 GMT