General insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auhttps://www.insurancenews.com.au/local/we-are-all-devastated-tributes-flow-for-tim-wedlockhttps://www.insurancenews.com.au/local/we-are-all-devastated-tributes-flow-for-tim-wedlock<p>Hundreds of insurance professionals have paid tribute to &ldquo;one of a kind&rdquo; broking leader Tim Wedlock, who was fatally injured in a road accident in Nashville, Tennessee...</p>Mon, 03 Aug 2026 05:09:49 GMThttps://www.insurancenews.com.au/local/us-authorities-probe-crash-that-killed-broking-figurehttps://www.insurancenews.com.au/local/us-authorities-probe-crash-that-killed-broking-figure<p>Police in the US are continuing to investigate a devastating accident that took the life of Australian broking leader Tim Wedlock and injured three others...</p>Mon, 03 Aug 2026 05:09:42 GMThttps://www.insurancenews.com.au/local/updated-code-may-fail-asic-test-industry-toldhttps://www.insurancenews.com.au/local/updated-code-may-fail-asic-test-industry-told<p>The redrafted industry code of practice risks being rejected by the corporate regulator, the General Insurance Code Governance Committee has warned...</p>Mon, 03 Aug 2026 05:09:26 GMThttps://www.insurancenews.com.au/local/judge-rejects-self-representation-bid-after-ai-hallucination-claimhttps://www.insurancenews.com.au/local/judge-rejects-self-representation-bid-after-ai-hallucination-claim<p>New Zealand&rsquo;s High Court has refused to let a director represent his company in a case against Vero NZ after hearing the man used AI to write his application...</p>Mon, 03 Aug 2026 03:55:53 GMThttps://www.insurancenews.com.au/local/concerns-mount-as-pi-waiver-for-private-midwives-to-endhttps://www.insurancenews.com.au/local/concerns-mount-as-pi-waiver-for-private-midwives-to-end<p>Midwives in private practice will need professional indemnity insurance from January after a federally granted exemption ends...</p>Mon, 03 Aug 2026 03:55:42 GMThttps://www.insurancenews.com.au/local/hounds-of-love-can-t-be-blamedhttps://www.insurancenews.com.au/local/hounds-of-love-can-t-be-blamed<p>A dog owner has avoided liability after his overfriendly pet German shepherd knocked over a neighbour and hurt her wrist, in what injury lawyers say is a key decision affecting negligence cases...</p>Mon, 03 Aug 2026 03:55:18 GMThttps://www.insurancenews.com.au/local/energy-giant-apologises-after-hack-exposes-nearly-1m-customershttps://www.insurancenews.com.au/local/energy-giant-apologises-after-hack-exposes-nearly-1m-customers<p>Origin Energy says it is continuing to investigate after the personal information of about 900,000 current and former customers was accessed in a cyber breach it disclosed last week...</p>Mon, 03 Aug 2026 03:54:46 GMThttps://www.insurancenews.com.au/local/strata-peak-body-leader-to-departhttps://www.insurancenews.com.au/local/strata-peak-body-leader-to-depart<p>Strata Community Association Australasia CEO Alisha Fisher will step down after almost eight years leading the organisation...</p>Mon, 03 Aug 2026 03:52:59 GMThttps://www.insurancenews.com.au/local/profit-rich-property-line-drawing-capacity-marsh-sayshttps://www.insurancenews.com.au/local/profit-rich-property-line-drawing-capacity-marsh-says<p>Australia&rsquo;s commercial property market has a &ldquo;supply and demand capacity imbalance&rdquo; as pricing continues to tumble, according to Marsh...</p>Mon, 27 Jul 2026 04:57:52 GMThttps://www.insurancenews.com.au/local/ica-vows-thorough-code-review-as-consumers-demand-more-protectionhttps://www.insurancenews.com.au/local/ica-vows-thorough-code-review-as-consumers-demand-more-protection<p>Work on an updated industry code has moved to the next phase, the Insurance Council of Australia says, as consumer groups continue to voice concerns over the proposed redraft...</p>Mon, 27 Jul 2026 04:57:45 GMThttps://www.insurancenews.com.au/local/more-ransomware-victims-refuse-payment-demandshttps://www.insurancenews.com.au/local/more-ransomware-victims-refuse-payment-demands<p>Most Australian organisations hit by ransomware attacks have refused to meet extortion payment demands, according to a Howden report...</p>Mon, 27 Jul 2026 04:57:28 GMThttps://www.insurancenews.com.au/local/unit-owner-loses-case-against-body-corporate-over-leak-repairshttps://www.insurancenews.com.au/local/unit-owner-loses-case-against-body-corporate-over-leak-repairs<p>A commercial unit owner that sued its body corporate over water damage has failed to prove its case, Queensland&rsquo;s Body Corporate and Community Management agency has ruled...</p>Mon, 27 Jul 2026 04:56:58 GMThttps://www.insurancenews.com.au/local/insurers-well-set-in-face-of-triple-threat-on-cat-losseshttps://www.insurancenews.com.au/local/insurers-well-set-in-face-of-triple-threat-on-cat-losses<p>Most of the Asia-Pacific region&rsquo;s largest insurers have enough capital to withstand a one in 250-year natural catastrophe, according to S&amp;P Global Ratings...</p>Mon, 27 Jul 2026 04:56:34 GMThttps://www.insurancenews.com.au/local/farming-remains-most-deadly-sectorhttps://www.insurancenews.com.au/local/farming-remains-most-deadly-sector<p>Agricultural specialist WFI Insurance has warned of a rising injury toll on farms, saying livestock-related claims have risen 40% to the highest number this decade...</p>Mon, 27 Jul 2026 04:55:35 GMThttps://www.insurancenews.com.au/local/motorsports-funding-turbocharges-driver-safety-schemehttps://www.insurancenews.com.au/local/motorsports-funding-turbocharges-driver-safety-scheme<p>A Tasmanian safe driving program has scored a funding boost from the global governing body for motorsports...</p>Mon, 27 Jul 2026 04:55:18 GMThttps://www.insurancenews.com.au/local/industry-urged-to-collaborate-on-agent-economy-riskhttps://www.insurancenews.com.au/local/industry-urged-to-collaborate-on-agent-economy-risk<p>The speed of AI development has made its risk largely unpriced and invisible, and it is a time bomb for insurers, a new report says...</p>Mon, 20 Jul 2026 05:07:04 GMThttps://www.insurancenews.com.au/local/insurer-sorry-for-customer-service-failure-affecting-transgender-womanhttps://www.insurancenews.com.au/local/insurer-sorry-for-customer-service-failure-affecting-transgender-woman<p>An insurer has apologised to a transgender woman who criticised financial services companies over the challenges she faced trying to update her personal details...</p>Mon, 20 Jul 2026 04:53:22 GMThttps://www.insurancenews.com.au/local/code-committee-to-reveal-findings-on-vulnerability-measureshttps://www.insurancenews.com.au/local/code-committee-to-reveal-findings-on-vulnerability-measures<p>The General Insurance Code Governance Committee says it will soon release findings from its inquiry into the industry&rsquo;s handling of temporary accommodation for vulnerable customers...</p>Mon, 20 Jul 2026 04:52:57 GMThttps://www.insurancenews.com.au/local/injured-farm-worker-wins-payout-battlehttps://www.insurancenews.com.au/local/injured-farm-worker-wins-payout-battle<p>WorkCover Queensland must indemnify a man injured while repairing a tractor after an appeals court found he was employed by a family company even though there was no written employment contract...</p>Mon, 20 Jul 2026 04:52:34 GMThttps://www.insurancenews.com.au/local/aon-flags-new-wave-of-demand-for-m-and-a-protectionhttps://www.insurancenews.com.au/local/aon-flags-new-wave-of-demand-for-m-and-a-protection<p>Disclosure failures, financial statement inaccuracies, compliance breaches and tax exposure are all driving growth in transactional risk insurance, according to Aon...</p>Mon, 20 Jul 2026 04:52:25 GMT