Bank sale, fewer perils drive Suncorp profit surge
12 February 2025
Suncorp Group’s half-year profit has jumped 89% to $1.1 billion, driven by bank sale proceeds and a surge in consumer insurance earnings...
Daily
Claims count tipped to rise as Queensland downpour eases
12 February 2025
More claims are expected as north Queensland residents regain power and access to their homes after two weeks of extreme rainfall...
AFCA backs underinsurance clause after crash claim
12 February 2025
A business owner whose property was hit by a car during a police chase will be covered for only 35% of the repair bill after she was found to have underinsured by more than $1.4 million...
INsight podcast: deep dive into cyclone pool
12 February 2025
Potential improvements to the cyclone reinsurance pool are the main topic of conversation on the latest episode of the Insurance News podcast...
NSW issues penalty warning as strata laws begin
11 February 2025
The NSW government has warned penalties of up to $110,000 will apply for breaches of strata transparency laws that took effect this month, as it continues to consider further action on commissions...
McLardy McShane expands in Victoria
11 February 2025
McLardy McShane has opened a branch in Victoria’s Yarra Valley, led by Matthew Kohler and Rhian Greaves...
Experts to debate climate threat, insurance impacts
11 February 2025
Monash University will hold roundtables on climate change-linked extreme weather and the impact on communities, covering challenges around adaptation and insurance...
Insurer ordered to complete home repairs for vulnerable family
11 February 2025
The dispute authority has blocked an insurer from cash settling a water damage claim after its offer was found to be unfair, causing its customer a “high degree of stress”...
Insurers push for cyclone pool extension
07 February 2025
Queensland-based insurers pushed the case for an extension of the cyclone reinsurance pool’s cover at a federal parliamentary committee hearing today...
Flood victims warned of fresh deluge
07 February 2025
Queenslanders hit by severe flooding have been warned to expect more heavy rainfall over the weekend...
WTW leader joins Outlook 2025 panellists
07 February 2025
WTW’s Pacific region CEO James Baum has joined the list of experts set to speak at the upcoming Insurance News Outlook 2025 conference...
Insured wins refund over failure to spell out annual fee saving
07 February 2025
The financial ombudsman has told an insurer to refund a policyholder the $1000 cost difference between paying monthly and annually, finding a lack of disclosure on the gap went against code of practice and regulatory principles...
ICA looks to address ‘blunt’ flood inquiry, code proposals
06 February 2025
The Insurance Council of Australia is working on responses to the more difficult recommendations from the federal floods inquiry and the industry code of practice review, CEO Andrew Hall says...
Almost 4000 claims lodged as Queenslanders reel from flooding
06 February 2025
Insurers have received more than 3950 storm and flood claims after a week of severe weather in north Queensland, the Insurance Council of Australia said today...
AFCA backs insurer over owner-occupier premium hike
06 February 2025
A strata unit owner has lost a dispute over an insurer’s decision to increase her premium after a neighbouring property’s occupancy status changed...
Aon veteran returns to Australia for new broking role
06 February 2025
Melbourne-based brokerage Domo Insurance has appointed Anthony White as head of property and construction...
Australian commercial rates post sharpest drop worldwide
05 February 2025
Commercial rates fell 8% in the Australia-Pacific market in the fourth quarter of last year, the biggest drop globally, according to the latest Marsh price tracker...
Townsville support hub opens as flood recovery begins
05 February 2025
The Insurance Council of Australia has opened a hub in Townsville to help customers affected by severe storms and flooding in the wider region...
Cover ‘drives innovation and growth’ in micro-businesses
05 February 2025
Micro-SME owners are increasingly confident in their operations if they are insured, according to a survey by QBE...
INsight podcast: to name or not to name?
05 February 2025
The General Insurance Code Governance Committee's decision to keep the identity of a sanctioned insurer secret is one of the main discussion points on the latest Insurance News podcast...