insuranceNEWS.com.au - Daily

Code expansion arguments ‘not based on demonstrated harm’: NIBA

Wed, 05 Aug 2026 06:17:13 GMT

The National Insurance Brokers Association has released a detailed statement explaining the thinking behind its recently released draft code...

‘Market failing’ as SME mitigation efforts go unrewarded

Wed, 05 Aug 2026 06:11:05 GMT

MPs have voiced concerns that mitigation work has failed to provide premium relief, after small businesses told a federal inquiry their efforts to reduce exposure have been futile...

Clearlake aims to fund further growth

Wed, 05 Aug 2026 06:10:19 GMT

Clearlake Insurance Brokers says it is assessing options and considering bringing in a minority partner as it looks to fund ambitious growth plans...

No glossing over poor paint job, as AFCA orders payout

Wed, 05 Aug 2026 06:08:16 GMT

An insurer did not try hard enough to produce a matching paint job when repairing a claimant’s caravan, despite its policy stating it did not have to achieve uniformity, the financial services ombudsman has ruled...

Lobby groups unite to demand ESL reform pledge

Tue, 04 Aug 2026 06:25:00 GMT

A coalition of business, consumer, community and industry organisations including insurers and brokers has called on all parties in the NSW parliament to commit before the next election to scrapping the emergency services levy...

Claims issues to fore as AFCA complaints climb to record level

Tue, 04 Aug 2026 06:15:57 GMT

Insurance claim rejection and claim handling delays were leading causes of financial services complaints in the year to June, and car cover was second on the list of products most complained about...

Founder takes the reins again as Javln chief departs

Tue, 04 Aug 2026 06:14:09 GMT

Javln founder Dale Smith will return to the CEO role at the insurtech as David Leach steps down...

Litigation risk agency opens Australian operation

Tue, 04 Aug 2026 06:00:46 GMT

British underwriting agency Ignite Specialty Risk has expanded to Australia, offering an “extensive range” of litigation covers for lawyers and third-party legal action funders...

Liquidator probes Sphere trust account transactions

Fri, 31 Jul 2026 06:27:20 GMT

Sphere Insurance Group’s liquidator has taken Federal Court action to freeze assets and gain information after finding on appointment that a client money trust account showed a balance of $44.15...

ICA tweaks code timeline as more feedback rolls in

Fri, 31 Jul 2026 06:27:05 GMT

The Insurance Council of Australia plans to lodge its redrafted code of practice with the corporate regulator in late October, under an amended timeline...

Marine agency RedSky joins Epsilon crew

Fri, 31 Jul 2026 06:15:45 GMT

Marine specialist RedSky Insurance has become part of Epsilon Underwriting under a partnership agreement...

AFCA rejects malicious damage claim after builder wrecks yard

Fri, 31 Jul 2026 06:15:26 GMT

Homeowners have lost a claim dispute over botched renovations after the industry ombudsman found their insurer correctly assessed that the damage was not covered...

NIBA flags preferred ESL model, calls for broker recognition

Thu, 30 Jul 2026 06:08:27 GMT

Brokers have urged NSW to adopt an emergency services levy replacement model with enough finely graduated tiers to prevent “material liability cliffs”...

Treat artificial intelligence like an employee, conference hears

Thu, 30 Jul 2026 06:08:18 GMT

Almost 200 professionals met in Sydney for the sold-out Insurance News Beyond the Buzzwords conference yesterday to hear how technology is reshaping the industry...

Industry moves to carve out silent AI risks

Thu, 30 Jul 2026 06:08:06 GMT

Commercial insurers have moved from “discussing to implementing” artificial intelligence exclusions in contracts after industry analytics group Verisk released a set of standardised endorsement templates...

Tiny teeth lead to big bill, and a long row over settlement

Thu, 30 Jul 2026 06:07:46 GMT

Rodents chewing through a dishwasher hose have triggered a payout of more than $200,000 after water and mould damage forced a family from their home for more than a year...

AI tipped to reshape industry after 20 years ‘treading water’

Wed, 29 Jul 2026 06:21:08 GMT

AI could transform the economics of the global insurance industry, creating new opportunities for growth and finally upending long-established business models, according to McKinsey...

Worst for car crime and crashes: city claims another unenviable title

Wed, 29 Jul 2026 06:21:00 GMT

Melbourne contains nine of the nation’s 10 worst car crash hotspots, according to AAMI...

Insurer to pay for BMW damage after double defeat before AFCA

Wed, 29 Jul 2026 06:20:50 GMT

The industry ombudsman has ordered an insurer to pay more than $20,000 for damage caused to a BMW while it was being repaired, after it twice rejected claims for the vehicle...

INsight podcast: customer advocates find cracks in the code

Wed, 29 Jul 2026 06:20:42 GMT

Consumer groups’ reaction to the general insurance code redraft is among the topics discussed on this week’s Insurance News podcast...