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...
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...
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...
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...
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...
18 March 2025
The NSW government plans to tackle the rise in workplace psychological injuries, warning workers’ compensation premiums will soar without reforms...
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...
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...
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...
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...
14 March 2025
Business NSW says insurance premiums are “spiralling out of control”, leaving companies exposed and underscoring an urgent need for reform...
14 March 2025
A property owner’s payout for loss of rent has been reversed after the dispute authority found its claim was fraudulent...
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...
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...
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...
13 March 2025
The financial services ombudsman has backed insurer Chubb in a dispute over whether it fairly increased a customer’s storm deductible...
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...
12 March 2025
Organisations making false claims about their cybersecurity are a growing problem and insurers can “act as a check” on the practice, according to a Monash University report...
12 March 2025
A Melbourne homeowner has been awarded a full payout for earthquake damage despite insurer Chubb’s protests that pre-existing issues contributed to the loss...
12 March 2025
Ex-Cyclone Alfred’s relatively mild impact on southeast Queensland and north NSW is the main discussion point on this week’s episode of the Insurance News podcast...