insuranceNEWS.com.au - Daily

MP demands ACCC act on premiums as insurers ‘ignore mitigation’

Fri, 19 Jun 2026 06:31:21 GMT

Federal opposition emergency management spokesperson David Littleproud has asked the competition regulator to investigate premiums in Queensland’s southwest as prices soar despite mitigation work...

Seized stockpiles excluded after environmental breach

Fri, 19 Jun 2026 06:31:08 GMT

Lloyd’s underwriters will not have to pay for an industrial clean-up at a glass reprocessing business after Victoria’s Environment Protection Authority took control of the site...

Mulino hopes for ‘material progress’ on code

Fri, 19 Jun 2026 06:29:51 GMT

Financial Services Minister Daniel Mulino says he doesn’t want the insurers’ code review to “drag on”, as the industry prepares to release a draft...

AFCA rules on a home away from home and $370k of missing jewellery

Fri, 19 Jun 2026 06:26:00 GMT

A policyholder who lost more than $372,000 of jewellery at a night market in Thailand has been denied a payout because he misrepresented where he lived when insuring the items...

Sphere creditors owed $11m, early estimates show

Thu, 18 Jun 2026 06:15:49 GMT

Failed authorised representative network Sphere Insurance Group could owe more than $11 million to creditors, preliminary projections released by its liquidator show...

Zurich-Beazley deal clears Australian competition hurdle

Thu, 18 Jun 2026 06:15:42 GMT

Zurich’s £8.2 billion ($15.5 billon) buyout of London-listed Beazley has been cleared by the Australian Competition and Consumer Commission following an examination of potential market impacts...

Diagnosis the deciding factor in travel tussle

Thu, 18 Jun 2026 06:13:36 GMT

A travel policyholder has won a payout after arguing a doctor’s declaration that he could not go overseas was a claimable event, rather than the earlier onset of illness...

INsight podcast: what next on Steadfast sale?

Thu, 18 Jun 2026 05:57:41 GMT

The proposed consortium buyout of Steadfast is the first item discussed on the latest episode of the Insurance News podcast...

Missed renewal reminders the top cause of broker breaches

Wed, 17 Jun 2026 06:22:58 GMT

Failure to contact clients at least 14 days before policy renewal accounted for 38% of broker code of practice breaches in the past year, according to an annual compliance report...

Climate a key factor in life choices, but ‘preparedness lags awareness’

Wed, 17 Jun 2026 06:22:38 GMT

Weather risk is influencing where Australians choose to live and work, particularly among people aged under 45, according to a new IAG report...

Industry applauds NZ pledge to investigate ‘unfair’ fire levy

Wed, 17 Jun 2026 06:22:18 GMT

Insurers and brokers have welcomed a New Zealand government review of the fire and emergency services levy on insurance...

Criminal past costs motor claimant

Wed, 17 Jun 2026 06:21:33 GMT

A motor policyholder who denied covering up her criminal history has lost a bid to have her insurer reinstate cover and accept claims for vehicle damage...

Home cover intervention a priority – but there’s no timescale: Mulino

Tue, 16 Jun 2026 06:07:45 GMT

Financial Services Minister Daniel Mulino is “continuing to work on” possible government intervention to help high-risk homeowners who are being priced out of insurance...

Pay model a barrier to brokers serving small business, Youi says

Tue, 16 Jun 2026 06:07:35 GMT

Youi has provided “more compelling” small business insurance after switching to a direct distribution model, CEO Nathaniel Simpson told an inquiry today...

Crawford warns war is blowing out property claims costs

Tue, 16 Jun 2026 06:07:25 GMT

The Middle East conflict has added volatility to claims costs, particularly around jobs such as plumbing and draining water, and is raising the risk of underinsurance, according to Crawford & Co Australia...

Allianz event hub delivers ‘co-ordinated, data-informed response’

Tue, 16 Jun 2026 06:07:18 GMT

A new Event Response Centre in Sydney will co-ordinate Allianz’s activity during and after severe weather incidents...

El Nino tipped to be among strongest since 1950

Fri, 12 Jun 2026 06:20:19 GMT

An El Nino that has developed in the tropical Pacific could become one of the largest events of its type on record, US forecasters say...

Dodgy builder lied about registration, coverage

Fri, 12 Jun 2026 06:17:40 GMT

A repeat rogue renovator has been fined $170,000 for falsely posing as a registered builder and working without mandatory insurance, leaving her victims with unfinished jobs and major repair bills...

Insurtech conference plugs in to EV issues

Fri, 12 Jun 2026 06:12:25 GMT

A tipping point in electric vehicle adoption and the implications for insurers will be the subject of an insightful masterclass at the upcoming Beyond the Buzzwords insurtech conference...

Insurer given green light for U-turn on new vehicle

Fri, 12 Jun 2026 06:10:50 GMT

A single mother was “blindsided” when her insurer retracted its offer to provide a new car to replace one stolen by a criminal gang...