insuranceNEWS.com.au - LocalGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auCrash course: insurers donate wrecks for life-saving traininghttps://www.insurancenews.com.au/local/crash-course-insurers-donate-wrecks-for-life-saving-traininghttps://www.insurancenews.com.au/local/crash-course-insurers-donate-wrecks-for-life-saving-training<p>A new partnership between insurers and Fire and Rescue NSW gives written-off vehicles a second life in helping train crews for complex road crash rescues...</p>Fri, 02 Oct 2026 06:25:01 GMTIAG calls for cooperation to tackle rising car claims cost https://www.insurancenews.com.au/local/iag-calls-for-cooperation-to-tackle-rising-car-claims-costhttps://www.insurancenews.com.au/local/iag-calls-for-cooperation-to-tackle-rising-car-claims-cost<p>Insurers have pressed for closer collaboration with carmakers as increasingly complex vehicles and parts supply challenges drive up claims costs...</p>Fri, 02 Oct 2026 06:15:15 GMTIndustry profits strong as challenges loomhttps://www.insurancenews.com.au/local/industry-profits-strong-as-challenges-loomhttps://www.insurancenews.com.au/local/industry-profits-strong-as-challenges-loom<p>The general insurance industry remains in a strong financial position but softer commercial lines, inflation pressures and fewer reserve releases will test margins looking ahead, the annual Taylor Fry Radar report says...</p>Wed, 30 Sep 2026 06:01:24 GMTZurich publishes first local risk indexhttps://www.insurancenews.com.au/local/zurich-publishes-first-local-risk-indexhttps://www.insurancenews.com.au/local/zurich-publishes-first-local-risk-index<p>More than one in five Australians is facing significant vulnerability, with financial security the strongest factor affecting overall resilience, according to a new index launched by Zurich...</p>Tue, 29 Sep 2026 06:51:26 GMTAction urged on masked home risk signalshttps://www.insurancenews.com.au/local/action-urged-on-masked-home-risk-signalshttps://www.insurancenews.com.au/local/action-urged-on-masked-home-risk-signals<p>The Insurance Contracts Act should be amended to require companies to give clear information on reasons for premium increases, ensuring the risk signal supports resilience and helps affordability, a report on home and contents renewals says...</p>Tue, 29 Sep 2026 06:43:29 GMTHalf-year intermediated premium exceeds $21 billionhttps://www.insurancenews.com.au/local/half-year-intermediated-premium-exceeds-21-billionhttps://www.insurancenews.com.au/local/half-year-intermediated-premium-exceeds-21-billion<p>General insurance intermediaries including brokers placed business worth about $21.87 billion in premium for the half year to June, according to Australian Prudential Regulation Authority data released today...</p>Tue, 29 Sep 2026 05:48:32 GMTNIBA finalising code after extensive feedbackhttps://www.insurancenews.com.au/local/niba-finalising-code-after-extensive-feedbackhttps://www.insurancenews.com.au/local/niba-finalising-code-after-extensive-feedback<p>The National Insurance Brokers Association says the board will finalise its new code of practice in coming weeks, after receiving more than 300 pieces of feedback...</p>Tue, 29 Sep 2026 05:41:52 GMTReport calls for ‘effective intervention’ to counter rising disaster cost  https://www.insurancenews.com.au/local/report-calls-for-effective-intervention-to-counter-rising-disaster-costhttps://www.insurancenews.com.au/local/report-calls-for-effective-intervention-to-counter-rising-disaster-cost<p>Increasingly frequent and severe natural disasters over the next 40 years will pose significant risk to the economy, a federal government forward-looking report has warned...</p>Mon, 28 Sep 2026 05:04:02 GMTGet ready for El Nino, says WFIhttps://www.insurancenews.com.au/local/get-ready-for-el-nino-says-wfihttps://www.insurancenews.com.au/local/get-ready-for-el-nino-says-wfi<p>Rural and regional communities need to prepare for anticipated extreme heat this spring and summer, driven by one of the strongest El Ni&ntilde;o events on record, farm insurance specialist WFI, part of IAG, warns...</p>Mon, 28 Sep 2026 04:08:55 GMTRising bushfire risk brings challenges: Descarteshttps://www.insurancenews.com.au/local/rising-bushfire-risk-brings-challenges-descarteshttps://www.insurancenews.com.au/local/rising-bushfire-risk-brings-challenges-descartes<p>Australia's escalating bushfire risk means forestry plantations, sawmills and other high-risk industries are struggling to find insurance cover and are facing higher deductibles and sub-limits, according to Descartes Underwriting...</p>Mon, 28 Sep 2026 04:08:47 GMTNZ ombudsman reports rising disputeshttps://www.insurancenews.com.au/local/nz-ombudsman-reports-rising-disputeshttps://www.insurancenews.com.au/local/nz-ombudsman-reports-rising-disputes<p>New Zealand&rsquo;s Insurance &amp; Financial Services Ombudsman Scheme has reported record demand for its services, with insurance disputes dominating the figures...</p>Mon, 28 Sep 2026 04:07:59 GMTMillennials plugged in to EV opportunityhttps://www.insurancenews.com.au/local/millennials-plugged-in-to-ev-opportunityhttps://www.insurancenews.com.au/local/millennials-plugged-in-to-ev-opportunity<p>Millennials have emerged as Australia's most EV-ready generation, with almost 90% of 30&ndash;45-year-olds intending to make their next car an electric one, new research from IAG's ROLLiN&rsquo; and NRMA Insurance shows...</p>Mon, 28 Sep 2026 02:28:39 GMTSuncorp flags resilience concerns over homes pushhttps://www.insurancenews.com.au/local/suncorp-flags-resilience-concerns-over-drive-to-build-more-homeshttps://www.insurancenews.com.au/local/suncorp-flags-resilience-concerns-over-drive-to-build-more-homes<p>The drive to build more homes as a way to address housing affordability challenges could have drawbacks, Suncorp CEO Steve Johnston cautions, as he advocates for a long-term national resilience plan...</p>Thu, 24 Sep 2026 06:22:45 GMTICA-led delegation heads to US, Europehttps://www.insurancenews.com.au/local/ica-led-delegation-heads-to-us-europehttps://www.insurancenews.com.au/local/ica-led-delegation-heads-to-us-europe<p>Politicians, government officials and insurance industry leaders will next week depart for Washington DC, New York, Zurich and London to examine how a new set of risks is reshaping the market and driving policy challenges globally...</p>Thu, 24 Sep 2026 06:19:32 GMTCourt backs AIG over double cover dispute https://www.insurancenews.com.au/local/court-backs-aig-over-double-cover-disputehttps://www.insurancenews.com.au/local/court-backs-aig-over-double-cover-dispute<p>The Federal Court has found AIG doesn&rsquo;t need to contribute to Allianz claim payouts made after a building site gate fell on a traffic controller, causing physical and psychiatric injuries...&nbsp;</p>Tue, 22 Sep 2026 06:24:48 GMTAon champions Australia-developed flood assessment toolhttps://www.insurancenews.com.au/local/aon-backs-australia-developed-flood-assessment-toolhttps://www.insurancenews.com.au/local/aon-backs-australia-developed-flood-assessment-tool<p>Broker Aon says a new flood evaluation tool is potentially &ldquo;transformational&rdquo; in helping the industry address rising premiums linked to inundation risk...</p>Tue, 22 Sep 2026 06:16:11 GMTPrivacy complaints soar, commissioner warnshttps://www.insurancenews.com.au/local/privacy-complaints-soar-commissioner-warnshttps://www.insurancenews.com.au/local/privacy-complaints-soar-commissioner-warns<p>Trust in the insurance industry to handle personal information has fallen, and privacy complaints about insurers are increasing faster than the overall rate, Australian Privacy Commissioner Carly Kind has told an insurance industry audience...</p>Mon, 21 Sep 2026 04:41:04 GMTD&O market stays softhttps://www.insurancenews.com.au/local/d-and-o-market-stays-softhttps://www.insurancenews.com.au/local/d-and-o-market-stays-soft<p>The directors and officers market remains soft &ndash; as it has been for five years &ndash; but there are some &nbsp;signs this could change, the Australasian Professional Indemnity Group conference was told...</p>Mon, 21 Sep 2026 04:40:51 GMTICA names new board memberhttps://www.insurancenews.com.au/local/ica-names-new-board-memberhttps://www.insurancenews.com.au/local/ica-names-new-board-member<p>Adica Insurance CEO and MD Dean Cullen has joined the Insurance Council of Australia board as a non-executive director...</p>Mon, 21 Sep 2026 04:40:44 GMT‘Nothing improper about commissions’: brokers speak up on code debatehttps://www.insurancenews.com.au/local/nothing-improper-about-commissions-brokers-speak-up-on-code-debatehttps://www.insurancenews.com.au/local/nothing-improper-about-commissions-brokers-speak-up-on-code-debate<p>Brokers have rebutted criticism of commission disclosure practices, arguing that clients will not benefit from expanded obligations...</p>Fri, 18 Sep 2026 05:58:32 GMT