Steadfast hails profit rise, draws line under strata row
26 February 2025
Steadfast’s first-half underlying net profit rose 20.9% to $128.1 million as it achieved growth in a moderating market...
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Industry backs resilient renovation grants for northern flood victims
26 February 2025
North Queensland homeowners hit by last month’s floods will receive help to improve their properties’ resilience under a grant program announced today by the state and federal governments...
‘Disturbing practices’: report details Netstrata failings
26 February 2025
An independent report completed as part of a wider investigation into strata management agency Netstrata has found potential breaches of NSW laws...
Queensland on alert as Cyclone Alfred threatens coast
26 February 2025
The Bureau of Meteorology has warned Queenslanders to stay updated on Tropical Cyclone Alfred as its path across the Coral Sea develops...
Gallagher starts local leader search as Lyons takes UK role
25 February 2025
Gallagher Australia CEO Sarah Lyons has been appointed head of the broking giant’s London-based specialty division, effective from July...
AUB profit climbs as acquisitions chip in
25 February 2025
AUB Group’s first-half underlying earnings increased 13% to $79.3 million, driven by UK and Australian acquisitions and growth in existing businesses...
Johns Lyng embarks on cost-cutting program as earnings fall
25 February 2025
Building services provider Johns Lyng Group has cut costs to address “challenging” conditions and has reduced its earnings outlook after a weak first half...
Steadfast exec becomes NIBA president as Okely steps back
25 February 2025
The National Insurance Brokers Association has named Steadfast’s Nick Cook as its new president, with Austbrokers ABS MD Rebecca Wilson becoming VP...
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...
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...