Daily
Ministers label Bondi mass shooting a terror attack
16 December 2025
The Bondi gun attack has been declared a terrorist incident for the purposes of the government-backed reinsurance scheme, while the Insurance Council of Australia says the industry will prioritise support...
Spring storms bill to top $1 billion, Perils says
16 December 2025
Insured losses from October storms in Australia’s east will reach $1.11 billion, Swiss-based catastrophe data company Perils estimates...
Industry backs ‘evolving’ life code as review moves on
16 December 2025
Life insurers have told the industry code reviewer the document must keep up with regulatory changes and consumer expectations...
AFCA orders payout after fraudster intercepts funds
16 December 2025
A company whose overseas electronic funds transfer went to a fraudster instead of a medical devices supplier should have their loss covered, the dispute authority has ruled...
Lockton wants block on Aviso hires over non-compete clauses
12 December 2025
Lockton has taken court action to stop two managers joining rival broking company Aviso or soliciting other staff or clients until September next year...
Brokerage director faces drug supply charges
12 December 2025
The director of a Sydney brokerage that was sprayed with bullets earlier this year has been charged with drugs and fraud offences...
Review finds ‘limited’ awareness of legacy IT risk
12 December 2025
A reliance on legacy IT systems is among weak spots identified in a review of 10 New Zealand insurers and 10 deposit-takers by the nation’s Financial Markets Authority...
Insurer ordered to fit genuine car part amid safety fears
12 December 2025
The industry ombudsman has told Insurance Manufacturers of Australia to replace a car windscreen with an approved part instead of a cheaper aftermarket version...
State MPs break deadlock on workers’ comp reforms
11 December 2025
The NSW government and opposition have agreed on workers’ compensation reforms targeting psychological injuries that will allow stalled legislation to pass parliament next year...
Special claws: motor accident scheme covers pet care
11 December 2025
The cost of caring for pets can be covered by motor injury benefits, the NSW Supreme Court has ruled, in a case likely to set a legal precedent...
Cybersecurity confidence easily shattered, Marsh says
11 December 2025
Marsh has warned against overconfidence after a survey found three-quarters of companies have a high level of faith in their digital risk management strategies...
No theft payout for victim of ‘duplicitous’ house guest
11 December 2025
A theft victim who was distracted by a female guest while a man stole $31,400 worth of items from his home will not be covered for the loss because he invited the woman onto his property...
‘Structurally flawed scheme’: industry hits out as CSLR levy confirmed
10 December 2025
The federal government will impose a $47.3 million special levy to cover a Compensation Scheme of Last Resort funding shortfall, despite opposition from insurers and other financial services sectors...
Brush with the law for painter who worked while on injury benefits
10 December 2025
A former truck driver has been ordered to repay $114,262 after working as a commercial painter for almost three years while receiving workers’ compensation payments...
Business owner loses covid BI case after family tragedy
10 December 2025
A caterer who flew to England to attend a funeral for her father and her brother but could not return to Australia because of illness and covid rules has lost a business interruption dispute...
INsight podcast: is a bad bushfire season incoming?
10 December 2025
Recent bushfire losses in NSW and Tasmania – and the risk facing the country this summer – are the main talking point in the latest episode of the Insurance News podcast...
Insurers praised for adding non-binary option
09 December 2025
Diversity Council Australia has applauded NRMA Insurance and Allianz for enabling motor customers to select non-binary as their gender, despite recent criticism over pricing...
Tower handed $6 million penalty for discount failures
09 December 2025
New Zealand insurer Tower has been penalised $NZ7 million ($6.1 million) for failing to pass on premium savings to customers under its multipolicy discount program...
State’s WorkCover premium frozen after fraud blitz
09 December 2025
A “zero-tolerance” crackdown on fraudulent workers’ compensation claims recovered more than $250,000 in Queensland in 2024-25, and premiums will be unchanged this year...
Customer denied flood cover refund after verbal opt-out
09 December 2025
A homeowner who said she was charged more than $11,000 for flood cover she did not want has lost a refund dispute because she did not properly inform her insurer she was opting out...