insuranceNEWS.com.au - LocalGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-au‘Significant loss’: scores of homes burn in NSW, Tasmaniahttps://www.insurancenews.com.au/local/significant-loss-scores-of-homes-burn-in-nsw-tasmaniahttps://www.insurancenews.com.au/local/significant-loss-scores-of-homes-burn-in-nsw-tasmania<p>Weekend bushfires destroyed 20 homes in NSW and 19 on Tasmania&rsquo;s east coast...</p>Mon, 08 Dec 2025 04:22:31 GMTCode watchdog sees improvement in use of expertshttps://www.insurancenews.com.au/local/code-watchdog-sees-improvement-in-use-of-expertshttps://www.insurancenews.com.au/local/code-watchdog-sees-improvement-in-use-of-experts<p>Insurers have improved their oversight of external experts after an inquiry last year highlighted shortcomings, the industry code governance committee says...</p>Mon, 08 Dec 2025 04:22:21 GMTTunneller payout sets precedent for dust disease caseshttps://www.insurancenews.com.au/local/tunneller-payout-sets-precedent-for-dust-disease-caseshttps://www.insurancenews.com.au/local/tunneller-payout-sets-precedent-for-dust-disease-cases<p>A silicosis sufferer has won $2.4 million in damages and compensation in an Australian-first legal ruling for a tunneller with the disease...</p>Mon, 08 Dec 2025 03:47:59 GMT‘Opportunity for growth’ as cyber delivers profithttps://www.insurancenews.com.au/local/opportunity-for-growth-as-cyber-delivers-profithttps://www.insurancenews.com.au/local/opportunity-for-growth-as-cyber-delivers-profit<p>The cyber insurance market achieved a $17 million underwriting gain in the September quarter, little changed from $18 million a year earlier, Australian Prudential Regulation Authority data shows...</p>Mon, 08 Dec 2025 03:47:52 GMTCompensation cost an insured loss, court ruleshttps://www.insurancenews.com.au/local/compensation-cost-an-insured-loss-court-ruleshttps://www.insurancenews.com.au/local/compensation-cost-an-insured-loss-court-rules<p>A property developer has won a court appeal against AIG&rsquo;s decision to reject its claim for a loss from a land sale...</p>Mon, 08 Dec 2025 03:47:44 GMTFinancial crash, tech troubles worry executiveshttps://www.insurancenews.com.au/local/financial-crash-tech-troubles-worry-executiveshttps://www.insurancenews.com.au/local/financial-crash-tech-troubles-worry-executives<p>Australian business leaders fear an economic downturn, labelling it the top threat facing the nation in the next two years, according to a major survey...</p>Mon, 08 Dec 2025 03:47:35 GMTTassie motor club funds fire researchhttps://www.insurancenews.com.au/local/tassie-motor-club-funds-fire-researchhttps://www.insurancenews.com.au/local/tassie-motor-club-funds-fire-research<p>RACT will invest up to $1.2 million over four years in the University of Tasmania&rsquo;s Fire Centre...</p>Mon, 08 Dec 2025 03:23:27 GMTToo much information: insurers must explain personal questionshttps://www.insurancenews.com.au/local/too-much-information-insurers-must-explain-personal-questionshttps://www.insurancenews.com.au/local/too-much-information-insurers-must-explain-personal-questions<p>A code governance committee review of online motor applications has found insurers often fail to explain why they are asking for information around relationships or employment &ndash; and it urges less reliance on bankruptcy as an indicator of risk...</p>Mon, 01 Dec 2025 04:13:32 GMTHousehold cover headlines short-tail gainshttps://www.insurancenews.com.au/local/household-cover-headlines-short-tail-gainshttps://www.insurancenews.com.au/local/household-cover-headlines-short-tail-gains<p>Short-tail insurance lines delivered an underwriting profit of $1.55 billion in the September quarter, driven by householders&rsquo; contribution of $636 million...</p>Mon, 01 Dec 2025 04:08:20 GMTStorm, hail claim count passes 44,000https://www.insurancenews.com.au/local/storm-hail-claim-count-passes-44-000https://www.insurancenews.com.au/local/storm-hail-claim-count-passes-44-000<p>The Insurance Council of Australia has extended its catastrophe declaration to include all storms and hail that hit Queensland and NSW from November 20-27...</p>Mon, 01 Dec 2025 04:08:13 GMTAFCA rewrites rule book after consultationhttps://www.insurancenews.com.au/local/afca-rewrites-rule-book-after-consultationhttps://www.insurancenews.com.au/local/afca-rewrites-rule-book-after-consultation<p>The Australian Financial Complaints Authority has published its revised rules following approval from the corporate regulator...</p>Mon, 01 Dec 2025 04:08:04 GMTTribunal to rule again on crash victim’s ‘work journey’https://www.insurancenews.com.au/local/tribunal-to-rule-again-on-crash-victim-s-work-journeyhttps://www.insurancenews.com.au/local/tribunal-to-rule-again-on-crash-victim-s-work-journey<p>A Pilates instructor who was hit by a bicycle while taking a walk between shifts has won an appeal seeking a review of the decision to deny her workers&rsquo; compensation...</p>Mon, 01 Dec 2025 04:07:48 GMTAllianz summer risk report warns on vulnerable homeshttps://www.insurancenews.com.au/local/allianz-summer-risk-report-warns-on-vulnerable-homeshttps://www.insurancenews.com.au/local/allianz-summer-risk-report-warns-on-vulnerable-homes<p>Allianz has launched a free online report to encourage Australians to prepare for the increased risks summer can bring...</p>Mon, 01 Dec 2025 04:07:28 GMTFina heads for WA as Darwin begins clean-uphttps://www.insurancenews.com.au/local/fina-heads-for-wa-as-darwin-begins-clean-uphttps://www.insurancenews.com.au/local/fina-heads-for-wa-as-darwin-begins-clean-up<p>Emergency warnings are in place in WA as Cyclone Fina moves towards the northeast Kimberley coast, leaving behind a trail of damage in Darwin and surrounding areas...</p>Mon, 24 Nov 2025 04:10:12 GMTActuaries demand long-term vision on adaptation fundshttps://www.insurancenews.com.au/local/actuaries-demand-long-term-vision-on-adaptation-fundshttps://www.insurancenews.com.au/local/actuaries-demand-long-term-vision-on-adaptation-funds<p>Australia needs a co-ordinated national plan and to spend tens of billions of dollars on climate adaptation and resilience in coming decades, the Actuaries Institute says...</p>Mon, 24 Nov 2025 04:01:08 GMTWarning as bushfire threat rises ‘at pace’https://www.insurancenews.com.au/local/warning-as-bushfire-threat-rises-at-pacehttps://www.insurancenews.com.au/local/warning-as-bushfire-threat-rises-at-pace<p>IAG has urged NSW residents to be ready as this year&rsquo;s bushfire season takes shape...</p>Mon, 24 Nov 2025 04:00:55 GMTUnderground pipes are part of building, court findshttps://www.insurancenews.com.au/local/underground-pipes-are-part-of-building-court-findshttps://www.insurancenews.com.au/local/underground-pipes-are-part-of-building-court-finds<p>Storage tank pipes at a petrol station can be classified part of an insured building, the NSW Court of Appeal has ruled...</p>Mon, 24 Nov 2025 04:00:35 GMTIndigenous fire plan program wins resilience awardhttps://www.insurancenews.com.au/local/indigenous-fire-plan-program-wins-resilience-awardhttps://www.insurancenews.com.au/local/indigenous-fire-plan-program-wins-resilience-award<p>The Victorian Department of Energy, Environment and Climate Action has won a major prize at this year&rsquo;s Resilient Australia National Awards...</p>Mon, 24 Nov 2025 04:00:22 GMTGB employs tech tools to tackle workers’ comp fraudhttps://www.insurancenews.com.au/local/gb-employs-tech-tools-to-tackle-workers-comp-fraudhttps://www.insurancenews.com.au/local/gb-employs-tech-tools-to-tackle-workers-comp-fraud<p>Claims manager Gallagher Bassett is ramping up its ability to detect workers&rsquo; compensation fraud by investing in advanced data and analytics tools...</p>Mon, 24 Nov 2025 04:00:04 GMTSmall businesses feeling the crunch of insurance costshttps://www.insurancenews.com.au/local/small-businesses-feeling-the-crunch-of-insurance-costshttps://www.insurancenews.com.au/local/small-businesses-feeling-the-crunch-of-insurance-costs<p><span class="TextRun SCXW7645707 BCX0" lang="EN-GB" xml:lang="EN-GB" data-contrast="auto"><span class="NormalTextRun SCXW7645707 BCX0">A new report has revealed insurance as one of the top financial pressures </span><span class="NormalTextRun SCXW7645707 BCX0">impacting</span><span class="NormalTextRun SCXW7645707 BCX0"> small businesses, as more organisations report worsening profits over the past 12 months...</span></span></p>Mon, 17 Nov 2025 04:05:24 GMT