insuranceNEWS.com.au - Daily

Strata manager group to phase out commissions

Tue, 02 Sep 2025 06:40:00 GMT

Strata Community Association NSW will begin phasing out insurance commissions for managing agents from the start of next year amid a regulatory focus on transparency...

Industry tells AFCA to strike balance in claims rows

Tue, 02 Sep 2025 06:39:49 GMT

Insurers and consumer advocates have raised concerns at the industry ombudsman’s proposed new approach to claims disputes...

Lion steps up professional lines push with Steadfast hire

Tue, 02 Sep 2025 06:39:25 GMT

Lion Underwriting has hired Chris Edwards as head of professional lines, as the agency pursues growth in the area...

Ombudsman backs insurer as feathers fly over ‘nuisance’ cockatoos

Tue, 02 Sep 2025 06:19:40 GMT

A landlord who claimed for more than $100,000 of property damage caused by “frantic” cockatoos has lost his bid for a payout because his policy will not respond to the birds’ barrage of attacks...

Household line ‘on right trajectory’ as industry profit climbs

Fri, 29 Aug 2025 06:16:03 GMT

The industry’s after-tax profit from continuing operations was $2.31 billion in the June quarter, as the closely watched householders line returned to the black with an underwriting gain of $713 million...

Steadfast earnings rise as group targets more US growth

Fri, 29 Aug 2025 06:12:55 GMT

Steadfast’s underlying net profit has risen 17.2% to $295.5 million, underpinned by Australian and New Zealand broking and agencies as the business expands its US operations...

Parched regions face elevated bushfire risk

Fri, 29 Aug 2025 06:08:33 GMT

Parts of Australia’s east and west face heightened bushfire risk this spring as long-term rainfall deficiencies persist in southern SA, Victoria, Tasmania and western WA...

AFCA rejects premium hike, notification complaint

Fri, 29 Aug 2025 06:05:46 GMT

A homeowner who sought an $18,000 refund after accusing Allianz of failing to tell her about major increases to her optional flood cover costs has lost a dispute before the industry ombudsman...

Lawyers eye class action over Suncorp ‘loyalty tax’ accusation

Thu, 28 Aug 2025 06:01:16 GMT

Slater & Gordon says it is weighing the merits of a pricing misconduct class action against Suncorp after its investigations found customers may have been misled about how premiums were set...

QBE finance chief to leave for banking role

Thu, 28 Aug 2025 06:00:54 GMT

QBE’s group CFO Inder Singh has resigned after a decade with the insurer and will become finance head at NAB...

Envest confirms departure of four ‘respected leaders’

Thu, 28 Aug 2025 05:58:50 GMT

Fast-growing Envest Group has praised four long-serving leaders who have retired or left the business...

All hail: AFCA finds holes in partial payout for dent claim

Thu, 28 Aug 2025 05:57:03 GMT

A car owner has won a hail damage dispute after his insurer said he should lodge individual claims for each dent not covered under its partial settlement...

Steadfast names broker network head

Wed, 27 Aug 2025 06:26:01 GMT

Experienced broking executive Stella Pruscino has joined Steadfast as its new head of broker network...

Workers’ comp rehab costs spiral

Wed, 27 Aug 2025 06:16:45 GMT

The cost of services from NSW’s 105 approved workplace rehabilitation providers has soared 68% over three years amid a rise in psychological injury claims and referrals...

Power boost leaves car theft claim on the scrapheap

Wed, 27 Aug 2025 06:13:02 GMT

A policyholder whose Holden Commodore was stolen from a hospital car park will not be covered for the loss because she did not tell her insurer about modifications to the vehicle...

INsight podcast: is government getting it wrong on housing?

Wed, 27 Aug 2025 04:33:44 GMT

Two government announcements on housing that have displeased insurers are the main focus for the panel on the latest Insurance News podcast...

Home loan scheme to push up prices, punish low earners: ICA

Tue, 26 Aug 2025 06:22:01 GMT

A scheme to slash demand for lenders’ mortgage insurance will inflate home prices and make it harder for lower-income earners to buy property, insurers warn...

AUB earnings jump in ‘pivotal year’

Tue, 26 Aug 2025 06:21:41 GMT

AUB Group’s full-year underlying net profit increased 17.1% to $200.2 million as acquisitions and existing businesses supported gains across its divisions...

Johns Lyng result ‘speaks to power of strategy’

Tue, 26 Aug 2025 06:20:26 GMT

Johns Lyng Group has reported earnings in line with revised guidance, supported by its core insurer-focused building services, steps to increase sales and a cost reduction program...

Insurer rapped over payout to vulnerable mother

Tue, 26 Aug 2025 06:18:51 GMT

RACQ Insurance must increase a house fire payout to a vulnerable customer after the complaints authority found flaws in its claim handling...