WTW regional broking head takes on construction role
22 April 2025
WTW has appointed Trent Williams to an additional role as head of broking for global construction...
Daily
Defects cover push ‘could add $35,000 to home price’
22 April 2025
If latent defects insurance is made mandatory in the ACT, it will increase the cost of building new homes by 3%-5%, the Property Council of Australia warns...
Fair weather brightens outlook for Tower
22 April 2025
Tower has raised its profit guidance for the year to September due to unusually favourable weather, lower inflation and fewer total loss house claims...
Policyholder wins storm payout after pre-existing damage row
22 April 2025
A WA homeowner’s storm damage claim must be accepted after the complaints authority determined her insurer cannot rely on a pre-existing damage exclusion...
Cybersecurity sector ‘flying blind’ without strong national strategy
17 April 2025
Co-ordinated leadership and action is needed to steer Australia’s fast-growing cybersecurity industry, according to a new report...
Errol’s landward U-turn triggers cyclone pool declaration
17 April 2025
The Australian Reinsurance Pool Corporation has declared Cyclone Errol a covered event after the system intensified to category 4 strength and reversed track to head towards the WA coastline...
Telematics app reveals scale of dangerous phone use
17 April 2025
Australians use their phones during one in every seven car trips, putting road users and pedestrians at risk, IAG brand ROLLiN’ says after evaluating more than 18 million kilometres of customer driving data...
AFCA finds holes in insurer’s crack claim denial
17 April 2025
Homeowners have successfully challenged their insurer’s denial of a claim lodged after large cracks appeared in walls and ceilings when a broken pipe leaked under the property...
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...
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...