Alfred claims pass 74,000 as Climate Council blames emissions
20 March 2025
The number of claims from Ex-Cyclone Alfred has risen to 74,578 as of noon today, according to the latest Insurance Council of Australia statistics...
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Revamped premium funding code set for July start
20 March 2025
The Insurance Premium Funding Code of Practice has had its first update since it took effect in October 2022...
Uninsured driver loses payout row after fire truck sparks crash
20 March 2025
The financial services ombudsman has sided with QBE in a dispute involving an uninsured driver who crashed into the insurer’s customer...
Cyclone pool to cover $1.7 billion in Alfred claims, Chalmers says
19 March 2025
Ex-Tropical Cyclone Alfred will cost the reinsurance pool about $1.7 billion in claims, according to Treasurer Jim Chalmers, who has raised concerns over longer-term impacts such as higher building costs for insurers...
Explain price rises to stem flow of complaints, insurers told
19 March 2025
The dispute authority has urged insurers to better explain the rationale for premium increases after a sharp rise in consumer complaints on the issue...
AFCA rejects wedding venue’s covid BI claim
19 March 2025
A Melbourne wedding venue that accessed public health advice through a freedom of information request to support its covid business interruption claim has lost its case before the Australian Financial Complaints Authority...
INsight podcast: ICA reveals action plan
19 March 2025
The Insurance Council of Australia's action plan to respond to a raft of recommendations for reform is the main talking point on the latest Insurance News podcast...
Consumer groups attack inaction on ‘poverty premiums, loyalty taxes’
18 March 2025
Consumer advocates have criticised insurers for rejecting recommendations to stop companies charging more for monthly payments or quoting higher rates for renewing customers...
State flags workers’ comp overhaul amid surge in mental injuries
18 March 2025
The NSW government plans to tackle the rise in workplace psychological injuries, warning workers’ compensation premiums will soar without reforms...
Industry warns of ‘alarming’ rise in car crime claims
18 March 2025
The cost of vehicle theft claims has nearly doubled since 2015, according to a new analysis from the Insurance Council of Australia...
Court backflips on trampoline injury compensation
18 March 2025
A trampoline user who won more than $740,000 in damages after breaking his foot during a Christmas Day bounce has seen his award reversed in an appeal court...
Alfred claims pass 53,000 as trades initiative launched
14 March 2025
The number of claims lodged after Ex-Cyclone Alfred has reached 53,182, and the Insurance Council of Australia is encouraging tradespeople from other states to join the recovery effort...
Strata group warns of ‘economic and social disaster’ amid high rates
14 March 2025
The “clock is ticking” for government action on insurance challenges facing flood-prone communities, according to the Strata Community Association’s Queensland branch...
NSW companies ‘fed up with soaring premiums’
14 March 2025
Business NSW says insurance premiums are “spiralling out of control”, leaving companies exposed and underscoring an urgent need for reform...
Insurer wins dispute over fraudulent rental deal
14 March 2025
A property owner’s payout for loss of rent has been reversed after the dispute authority found its claim was fraudulent...
‘Long recovery’ ahead as Alfred claims tally grows
13 March 2025
Homeowners account for most damage claims from Ex-Cyclone Alfred and face a long road to recovery even though the storm fell short of observers’ worst fears, according to the Insurance Council of Australia...
Market tipped to be soft for couple of years: Insurance News poll
13 March 2025
Soft pricing conditions will dominate the market for a year or two, most attendees at the Insurance News Outlook 2025 conference say...
‘We’ll do what’s required’: Dutton’s divestment dance continues
13 March 2025
Coalition leader Peter Dutton has reiterated his determination to divest insurance companies if he is advised a lack of competition is leading to consumer harm – despite colleagues appearing to rule out the move...
AFCA rejects complaint over ‘silent’ deductible increase
13 March 2025
The financial services ombudsman has backed insurer Chubb in a dispute over whether it fairly increased a customer’s storm deductible...
ICA updates disaster agency as Alfred claims pass 34,000
12 March 2025
The number of claims for damage caused by Ex-Cyclone Alfred had risen above 34,000 by noon today, as the Insurance Council of Australia held “crucial” talks with government agencies about the industry’s response to the storm...