General insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auhttps://www.insurancenews.com.au/local/investments-dent-industry-profithttps://www.insurancenews.com.au/local/investments-dent-industry-profit<p>The general insurance industry&rsquo;s earnings fell steeply in the March quarter while the householders line narrowed its losses, according to Australian Prudential Regulation Authority data...</p>Mon, 01 Jun 2026 04:59:38 GMThttps://www.insurancenews.com.au/local/don-t-just-blame-your-staff-for-code-breacheshttps://www.insurancenews.com.au/local/don-t-just-blame-your-staff-for-code-breaches<p>The General Insurance Code Governance Committee says insurers must prioritise data to find the underlying causes of breaches, rather than just blaming staff...</p>Mon, 01 Jun 2026 04:36:05 GMThttps://www.insurancenews.com.au/local/commonwealth-files-2-billion-suit-over-forever-chemicalshttps://www.insurancenews.com.au/local/commonwealth-files-2-billion-suit-over-forever-chemicals<p>The federal government has launched a landmark legal bid for $2 billion in damages over contamination clean-ups linked to firefighting foams...</p>Mon, 01 Jun 2026 04:35:23 GMThttps://www.insurancenews.com.au/local/firebomb-victim-sees-best-side-of-people-during-recovery-efforthttps://www.insurancenews.com.au/local/firebomb-victim-sees-best-side-of-people-during-recovery-effort<p>A hospitality business owner has praised his broker and insurer for providing a &ldquo;seamless&rdquo; claims process after his drinks warehouse was gutted in an arson attack...</p>Mon, 01 Jun 2026 04:31:43 GMThttps://www.insurancenews.com.au/local/perils-lifts-november-storms-loss-tallyhttps://www.insurancenews.com.au/local/perils-lifts-november-storms-loss-tally<p>Storms that hit Queensland and NSW last November caused insured losses of $2.94 billion, Swiss data company Perils estimates...</p>Mon, 01 Jun 2026 04:31:28 GMThttps://www.insurancenews.com.au/local/text-alerts-siren-sounds-to-signal-emergency-warning-trialhttps://www.insurancenews.com.au/local/text-alerts-siren-sounds-to-signal-emergency-warning-trial<p>The new AusAlert national warning system that sends texts about bushfire, flood and cyclone threats will be tested across Australia on July 27...</p>Mon, 01 Jun 2026 04:31:15 GMThttps://www.insurancenews.com.au/local/fm-maps-hail-threat-as-losses-mounthttps://www.insurancenews.com.au/local/fm-maps-hail-threat-as-losses-mount<p>Commercial property insurer FM has launched a global hail hazard map in response to rising losses...</p>Mon, 01 Jun 2026 04:30:54 GMThttps://www.insurancenews.com.au/local/insurers-to-revisit-storm-hit-cliftonhttps://www.insurancenews.com.au/local/insurers-to-revisit-storm-hit-clifton<p>The industry will hold another claims support session in the Queensland town of Clifton next month, to help customers affected by a hailstorm last November...</p>Mon, 01 Jun 2026 04:30:42 GMThttps://www.insurancenews.com.au/local/new-chair-for-natural-hazards-researchhttps://www.insurancenews.com.au/local/new-chair-for-natural-hazards-research<p>Barrister Dominique Hogan-Doran is the new chair of Natural Hazards Research Australia...</p>Mon, 01 Jun 2026 04:30:04 GMThttps://www.insurancenews.com.au/local/ica-suggests-cure-for-mental-strain-on-workers-comphttps://www.insurancenews.com.au/local/ica-suggests-cure-for-mental-strain-on-workers-comp<p>Insurers have called for legislative reform and claims handling improvements to address growing cost pressures on workers&rsquo; compensation schemes...</p>Mon, 25 May 2026 04:40:49 GMThttps://www.insurancenews.com.au/local/liquidated-builder-wins-damages-from-roof-subcontractorhttps://www.insurancenews.com.au/local/liquidated-builder-wins-damages-from-roof-subcontractor<p>Insurance restoration company AJ Grant Building, which entered liquidation last year, has won $202,820 for breach of contract by one of its subcontractors...</p>Mon, 25 May 2026 04:40:42 GMThttps://www.insurancenews.com.au/local/hospital-authority-charged-after-patient-attacks-nursehttps://www.insurancenews.com.au/local/hospital-authority-charged-after-patient-attacks-nurse<p>A Victorian hospital faces charges after a nurse was seriously assaulted by a patient with a history of violence...</p>Mon, 25 May 2026 04:40:35 GMThttps://www.insurancenews.com.au/local/travellers-play-safe-on-medical-tourism-study-showshttps://www.insurancenews.com.au/local/travellers-play-safe-on-medical-tourism-study-shows<p>Australians heading overseas for medical procedures are now more likely to have travel cover, research from Insure&amp;Go shows...</p>Mon, 25 May 2026 04:40:23 GMThttps://www.insurancenews.com.au/local/anziif-chief-flags-federal-budget-limitationshttps://www.insurancenews.com.au/local/anziif-chief-flags-federal-budget-limitations<p>Australian and New Zealand Institute of Insurance and Finance CEO Katrina Shanks says there were &ldquo;some tangible wins&rdquo; in the federal budget &ndash; but its &ldquo;limitations are just as important&rdquo;...</p>Mon, 18 May 2026 04:44:21 GMThttps://www.insurancenews.com.au/local/libs-flag-new-tax-fears-over-state-esl-removalhttps://www.insurancenews.com.au/local/libs-flag-new-tax-fears-over-state-esl-removal<p>NSW shadow treasurer Scott Farlow says the opposition is &ldquo;very concerned&rdquo; about the planned removal of the state&rsquo;s emergency services levy...</p>Mon, 18 May 2026 04:43:04 GMThttps://www.insurancenews.com.au/local/yachting-danger-decision-turns-the-tide-on-liabilityhttps://www.insurancenews.com.au/local/yachting-danger-decision-turns-the-tide-on-liability<p>Yacht racing may seem high-risk but injuries are so rare the sport does not qualify as a &ldquo;dangerous recreational activity&rdquo;, a court has found &ndash; in a decision lawyers say &ldquo;reshapes the landscape of liability&rdquo; around similar pursuits...</p>Mon, 18 May 2026 04:42:44 GMThttps://www.insurancenews.com.au/local/insurers-to-visit-fire-hit-victorianshttps://www.insurancenews.com.au/local/insurers-to-visit-fire-hit-victorians<p>The Insurance Council of Australia will hold consultation sessions for Victorians affected by bushfires earlier this year...</p>Mon, 18 May 2026 04:42:33 GMThttps://www.insurancenews.com.au/local/landslides-top-claims-to-nz-hazards-commissionhttps://www.insurancenews.com.au/local/landslides-top-claims-to-nz-hazards-commission<p>Recent storms in New Zealand have led to an increase in claims for landslide damage, which has become the leading cause of Natural Hazards Commission cases...</p>Mon, 18 May 2026 04:42:23 GMThttps://www.insurancenews.com.au/local/study-flags-consistent-confronting-fears-of-flood-prone-victorianshttps://www.insurancenews.com.au/local/study-flags-consistent-confronting-fears-of-flood-prone-victorians<p>ARC Justice has urged insurers and governments to act on 20 recommendations to address insurance affordability in north central Victoria, after it sought feedback from community members following severe floods in the region in 2022...</p>Mon, 11 May 2026 04:35:30 GMThttps://www.insurancenews.com.au/local/elevation-checks-massively-change-flood-ratingshttps://www.insurancenews.com.au/local/elevation-checks-massively-change-flood-ratings<p>New technology that can identify building elevation could lead to premium reductions and more accessible cover for properties in flood-prone areas...</p>Mon, 11 May 2026 04:18:30 GMT