QBE moves on from ‘problems of the past’ as annual profit climbs
21 February 2025
QBE’s full-year profit increased 31% to $US1.779 billion ($2.8 billion), supported by lower catastrophe costs and strong investment returns...
Daily
Nationals propose home cover rebate for northern WA
21 February 2025
The Nationals WA say they will deliver a $500 annual home insurance rebate in northern parts of the state if they are elected to government at next month’s election...
Liberty’s new leader to speak at Insurance News conference
21 February 2025
Liberty International Insurance’s new Australia president John McCabe has joined the roster of experts speaking at the upcoming Insurance News Outlook 2025 conference...
Claimants denied cover after tree roots damage home
21 February 2025
Homeowners who sought a $234,646 payout to repair cracks in their brickwork will not be covered after the Australian Financial Complaints Authority ruled the damage had no claimable cause...
Industry backs Libs’ plan to ease capital rules, compliance costs
20 February 2025
Shadow treasurer Angus Taylor has outlined the Coalition’s plans to tackle insurance red tape as it prepares for this year’s federal election...
ICA flags greenslip, workers’ comp gap in NSW claims farming ban
20 February 2025
Insurers have warned of gaps in the NSW government’s proposed ban on claims farming, saying the “limited scope” of the draft bill will restrict the crackdown’s effectiveness...
Consumer group attacks industry reform ‘failure’
20 February 2025
The Australian Consumers Insurance Lobby says the industry’s initial response to parliamentary floods inquiry and code of practice review proposals is superficial, and has called for stronger action...
AFCA orders home payout as expert report labelled ‘uncompelling’
20 February 2025
A policyholder who claimed for storm damage to his garage will receive a payout after the complaints authority dismissed his insurer’s suggestion the structure had been undermined by wear and tear and poor design...
Greens put stamp duty axe, pool expansion on table for post-poll talks
19 February 2025
The Australian Greens have outlined their plans for cheaper insurance, including pushing states to end stamp duties, expanding the reinsurance pool to all natural disasters and requiring coal, gas and oil companies to contribute to mitigation funding...
Contents valuation app wins InsurtechLIVE pitch battle
19 February 2025
MyVal has been crowned the winner of this year’s Insurtech Australia InsurtechLIVE pitch competition...
Insurer forced to backflip on policy cancellation
19 February 2025
RAC Insurance has been told to reinstate a claimant’s policy, despite his failure to pay monthly premiums, after the financial ombudsman found it did not provide adequate access to key documents...
INsight podcast: Dutton's divestment bombshell
19 February 2025
Opposition Leader Peter Dutton's threat to break up big insurance companies is the main topic of conversation on the latest episode of the Insurance News podcast...
Aon Australia head promoted to Asia-Pacific role
18 February 2025
Aon Australia CEO Jennifer Richards will become CEO for Asia-Pacific on March 1, taking over from Anne Corona, who was recently named enterprise clients chief and global chief commercial officer...
‘Populist thought bubble’: MPs, industry react to Dutton’s divestment threat
18 February 2025
Coalition leader Peter Dutton has doubled down on his interventionist threats as he looks to hold insurers to account for the “mess” of unaffordable premiums – but rival politicians and industry sources have poured scorn on his proposed solutions...
Hall calls for united front on resilience after Lismore visit
18 February 2025
Partnership with governments is key to improving disaster resilience, Insurance Council of Australia CEO Andrew Hall said today after visiting a flood-hit community...
Building group proposes new experts standard
18 February 2025
The Association of Insurance Building and Engineering Consultants has urged the General Insurance Code Governance Committee to push for a new best practice standard on engaging experts...
‘Claims farmers’ charged over alleged sex abuse payout scam
14 February 2025
Police have charged seven people over allegedly fraudulent claims made to a sexual abuse compensation scheme that has paid out more than $1.3 billion...
icare to bring builders' warranty claims in-house
14 February 2025
NSW state insurer icare has “insourced” homeowner claims management in the Home Building Compensation Fund, taking over from Gallagher Bassett, which had performed the role since 2017...
NZ insurers flag disaster response barriers after record floods, cyclone
14 February 2025
The Insurance Council of New Zealand has recommended measures to better respond to disasters after reviewing the industry’s handling of the Auckland floods and Cyclone Gabrielle in 2023...
AFCA orders car payout, compo after rejecting fraud accusation
14 February 2025
A motor policyholder has been awarded a full payout for her stolen car and $3000 in compensation for non-financial loss after challenging her insurer’s fraud allegation...