insuranceNEWS.com.au - Daily

Crash course: insurers donate wrecks for life-saving training

Fri, 02 Oct 2026 06:25:01 GMT

A new partnership between insurers and Fire and Rescue NSW gives written-off vehicles a second life in helping train crews for complex road crash rescues...

Cyclone pool premium changes proposed

Fri, 02 Oct 2026 06:21:43 GMT

Cyclone pool premium annual collections from insurers would increase to $770 million under draft rates proposed as part of the most comprehensive reassessment undertaken in four years...

IAG calls for cooperation to tackle rising car claims cost

Fri, 02 Oct 2026 06:15:15 GMT

Insurers have pressed for closer collaboration with carmakers as increasingly complex vehicles and parts supply challenges drive up claims costs...

Gallagher acquires NZ brokerage

Fri, 02 Oct 2026 06:03:07 GMT

Gallagher has expanded its New Zealand operations with the purchase of Albany Insurance Services, a retail broker with commercial and personal lines clients in Auckland and Canterbury regions...

Insurer wins war of words over Dubai travel claim

Fri, 02 Oct 2026 05:53:26 GMT

A travel insurer was entitled to use its war exclusion to reject a claim for a Middle East trip that was cancelled following an airspace closure and “do not travel” warning, the industry ombudsman has ruled...

Insurers applaud ASIC probe into paid claimant advocates

Thu, 01 Oct 2026 06:29:09 GMT

Insurers have welcomed an Australian Securities and Investments Commission review into claims management firms after concerns were raised over the sector’s business practices...

Non-compete 'ban' could hit industry hard

Thu, 01 Oct 2026 06:29:04 GMT

Insurers and brokers could be significantly impacted by the federal government’s "non-compete" legislation, expected to come into force early next year, employment lawyers have warned...

Criterion appoints new CEO

Thu, 01 Oct 2026 06:28:56 GMT

Criterion Underwriting, which specialises in complex and hard-to-place risks, has appointed Ian Mundy as CEO as the business expands its capabilities for brokers and their clients...

Premium funders join finance code of practice

Thu, 01 Oct 2026 06:19:28 GMT

A new finance industry code of practice has come into force that brings premium funders and other non-bank and specialist lenders under a single framework...

'Supercharged' Jaguar not covered for teen driver smash

Thu, 01 Oct 2026 03:32:04 GMT

A motor insurer was right to reject a claim for a damaged Jaguar being driven by an 18-year-old, because the policyholder had been repeatedly warned that under-25 drivers were excluded, the industry ombudsman found...

Industry profits strong as challenges loom

Wed, 30 Sep 2026 06:01:24 GMT

The general insurance industry remains in a strong financial position but softer commercial lines, inflation pressures and fewer reserve releases will test margins looking ahead, the annual Taylor Fry Radar report says...

Life insurers address mental health in code review response

Wed, 30 Sep 2026 06:00:00 GMT

Life insurers have stressed the need for “appropriate product design flexibility” to keep mental health cover affordable and accessible as the industry takes its overhaul of its code of practice to the next phase following a review...

Make-safe required even though claim excluded: AFCA

Wed, 30 Sep 2026 03:38:26 GMT

An insurer has been ordered to cover secondary roof damage to a beachside home after the industry ombudsman found it should have carried out temporary make-safe works – even though it was entitled to reject the original claim for problems caused by nesting birds...

INsight podcast: what's the deal with ACCC, IAG and RAC?

Wed, 30 Sep 2026 02:40:22 GMT

The Australian Competition and Consumer Commission's decision to block IAG's proposed acquisition of RAC Insurance is one of the main topics discussed on the Insurance News podcast...

Zurich publishes first local risk index

Tue, 29 Sep 2026 06:51:26 GMT

More than one in five Australians is facing significant vulnerability, with financial security the strongest factor affecting overall resilience, according to a new index launched by Zurich...

Action urged on masked home risk signals

Tue, 29 Sep 2026 06:43:29 GMT

The Insurance Contracts Act should be amended to require companies to give clear information on reasons for premium increases, ensuring the risk signal supports resilience and helps affordability, a report on home and contents renewals says...

Half-year intermediated premium exceeds $21 billion

Tue, 29 Sep 2026 05:48:32 GMT

General insurance intermediaries including brokers placed business worth about $21.87 billion in premium for the half year to June, according to Australian Prudential Regulation Authority data released today...

NIBA finalising code after extensive feedback

Tue, 29 Sep 2026 05:41:52 GMT

The National Insurance Brokers Association says the board will finalise its new code of practice in coming weeks, after receiving more than 300 pieces of feedback...

How to fix 'fragmented, failing' communication – sign up for free webinar

Tue, 29 Sep 2026 05:34:06 GMT

A free Insurance News webinar will break down how insurers can turn around communication with customers that too often is "fragmented and failing"...

IAG agrees to Greensill dispute settlement

Fri, 25 Sep 2026 06:14:19 GMT

IAG has settled a dispute with Credit Suisse related to the collapse of Greensill that involved claimed amounts of about $2.8 billion plus interest...