Household line’s profitable run broken in March quarter
29 May 2025
The householders line of insurance is back in the red after three consecutive profitable quarters, data released today shows...
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Premier ‘puts heat’ on industry over NSW flood claims
29 May 2025
NSW Premier Chris Minns says insurers must respond rapidly to flood claims, as numbers continue to climb and the industry today opened a second hub to help policyholders...
CTP cheat sentenced over $135k fraud
29 May 2025
NSW’s State Insurance Regulatory Authority has successfully prosecuted a man for defrauding the compulsory third party scheme of more than $135,000...
AFCA kicks out footballer’s ankle injury claim
29 May 2025
A football player has lost her bid for a physiotherapy expenses payout after her insurer argued its policy did not cover her ankle joint disorder...
IAG unveils quote and bind broking portal
28 May 2025
IAG has launched a new digital trading platform to support its intermediated business...
Court approves Allianz’s $170 million add-on settlement
28 May 2025
The Victorian Supreme Court has approved a $170 million settlement in a class action against Allianz Australia over add-on insurance sold through car dealerships, while another action has been filed against Adica...
Lent, rented or stolen? AFCA backs insurer in car claim dispute
28 May 2025
A policyholder who said his car was stolen when he lent it to a friend will not be covered for his loss after the financial services ombudsman backed his insurer’s claim rejection...
INsight podcast: NSW floods keep resilience debate rolling
28 May 2025
The latest floods to hit NSW and the ongoing debate over resilience are among key topics discussed on this week's Insurance News podcast...
ICA declares NSW floods a catastrophe
27 May 2025
The Insurance Council of Australia has upgraded its classification for the NSW floods, labelling them a catastrophe due to the “breadth and severity” of the damage...
Competition watchdog sets date for RAA decision
27 May 2025
The competition regulator expects to reveal its decision on Allianz Australia’s planned acquisition of RAA’s insurance business next month...
NSW tweaks workplace injury reforms
27 May 2025
The NSW government is going ahead with its overhaul of workplace compensation laws aimed at tackling the rise in mental injury claims...
Insurer to repay GAP premium 13 years after unfair sale
27 May 2025
A consumer who argued he was “ripped off” by his insurer and its selling agent when he bought a guaranteed asset protection policy for a $31,000 vehicle loan has won his bid for a refund...
Commission cut offers ‘viable path’ forward, Kelly tells brokers
23 May 2025
Steadfast says a 10% commission is the best way to ensure the long-term viability of personal lines products in the broking space, after Hollard this week announced a cut from 15%...
PM ‘very conscious’ of rising climate risks
23 May 2025
Prime Minister Anthony Albanese says his government is engaging with insurers as weather events such as this week’s NSW floods become more intense and costs rise...
No room for complaint as AFCA backs premium rise
23 May 2025
A homeowner has lost a dispute after his premium soared when he added partitions to his property and increased the number of rooms...
QBE ‘doubling down’ on cyber threats
23 May 2025
As cyber risks grow and regulations tighten, QBE says it is ramping up efforts to support brokers and their customers...
NSW weather warnings widen as deluge continues
22 May 2025
Major flooding and heavy rain continued in the NSW Mid North Coast region today as the Bureau of Meteorology warned more areas will be affected by severe weather and insurers started receiving claims...
Ex-QBE manager becomes RAA insurance GM
22 May 2025
SA motoring club RAA has recruited Lisa Daley to the newly created position of GM insurance...
‘Never-ending tail’: Tower calls for Canterbury claims shut-off
22 May 2025
Insurer Tower has called on the New Zealand government to legislate final time limits on Canterbury earthquake claims, to provide certainty and “bring about closure”...
Claimants win payout after solar flare-up
22 May 2025
Homeowners who suffered damage to their solar power system will have most of their repair costs covered after an ombudsman rejected their insurer’s application of an electronic malfunction exclusion...