Insurers urge brokers to raise transparency in code update
16 April 2025
The Insurance Council of Australia has called for greater remuneration transparency as part of a stronger broking code of practice...
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Vintage caravan owner wins payout lift
16 April 2025
A Youi policyholder has secured an increased payout after a dispute over a caravan damage claim, despite failing to complete repairs after a previous cash settlement...
ICA heads north again to help Queensland flood victims
16 April 2025
The Insurance Council of Australia will return to north Queensland this month to host forums for people affected by the February floods, as claim response work picks up...
INsight podcast: Labor sparks LMI outcry
16 April 2025
Labor's home loan guarantee extension pledge and the existential threat it poses to the lenders' mortgage insurance market is the main topic on this week's Insurance News podcast...
Catastrophe lull helps industry to $6 billion profit
15 April 2025
Australian general insurer profits surged to $6.1 billion last year amid a reprieve from natural catastrophes and a boost from investments, but the industry is far from making super-normal earnings, KPMG says...
Scores of suburbs risk being priced out of cover, climate group warns
15 April 2025
More than 4% of Australian properties face high risk from natural hazards that have been made more dangerous by climate change, leaving insurance “often unaffordable or unavailable”, according to new modelling...
More time for submissions on smash repair code overhaul
15 April 2025
Public consultation on changes to the Motor Vehicle Insurance and Repair Industry Code of Conduct has been extended by eight weeks...
Husband’s fuel foul-up proves costly for car owner
15 April 2025
A motor policyholder will not receive a payout after her husband accidentally filled her fuel tank with diesel exhaust fluid – despite arguing her insurer said it would cover the claim...
BMS payment dispute sparks court action
11 April 2025
BMS Risk Solutions is involved in a Federal Court dispute over an “earnout” payment of more than $1 million related to its Gard Insurance acquisition two years ago...
Flood recovery grants to help ‘heartbroken’ farmers
11 April 2025
More government funding has been allocated to help flood victims in western Queensland...
Cyclone expected to form off WA coast
11 April 2025
A tropical low northwest of Darwin is expected to reach cyclone strength at the weekend and could bring heavy rain and strong wind to the Kimberley coast, while the Bureau of Meteorology is also monitoring conditions near the Gulf of Carpentaria...
Happy camper: van owner wins modification dispute
11 April 2025
A van owner has won a reversal of her insurer’s decision to reject a damage claim after it said she misrepresented the vehicle’s condition by not disclosing camping-related modifications...
ASIC outlines plans for company breach, complaint reports
10 April 2025
The corporate regulator has detailed plans to publish company-level breach and complaints data to encourage businesses to “lift their game”...
‘Fantastic example’: insurtech secures NT grant
10 April 2025
Darwin insurtech Raindrop has won an NT government innovation grant...
Union seeks answers on Suncorp motor claims job cuts
10 April 2025
Suncorp plans to cut 30 out of 70 assessing co-ordinator jobs in its motor claims team and to offshore some work functions, according to the Finance Sector Union...
Uber driver loses bid for payout after ‘work’ crash
10 April 2025
An Uber Eats driver who hit a parked car will not be covered after he was found to have misrepresented his vehicle’s use in a policy application made hours after the accident...
Watchdog delays findings on RACQ, RAA deals
09 April 2025
The competition regulator has delayed announcing its findings on the proposed acquisitions of RACQ and RAA’s insurance underwriting operations...
‘Clearly inadequate’: strata owners call for broker code overhaul
09 April 2025
A strata owners lobby group has proposed changes for the next update of the broking code of practice, including explicit guidance on conflicts of interest...
One and done: AFCA rejects Mercedes owner’s double dip
09 April 2025
A claimant who damaged his two Mercedes-Benz cars in an accident has lost his bid to have both covered under a single policy...
INsight podcast: turning a corner on code breaches
09 April 2025
This week's report on breaches of the General Insurance Code of Practice is the main discussion point on the latest episode of the Insurance News podcast...