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...
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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...
Queensland flood claims start to flow as Townsville ‘dodges bullet’
04 February 2025
The Insurance Council of Australia says 1435 claims have been lodged due to the northern Queensland floods, as severe weather begins to ease and evacuated Townsville residents are permitted to return home...
Gunmen ‘targeted’ CBN rep’s office
04 February 2025
Police are still hunting for gunmen who fled in a getaway car after firing shots at the Sydney office of a Community Broker Network authorised representative...
ACCC seeks views on IAG, Allianz motor club deals
04 February 2025
The competition watchdog has begun market inquiries into IAG’s proposed acquisition of RACQ Insurance and the Allianz Australia purchase of RAA Insurance...
Audi owner wins row over ‘wrong type’ of rental car
04 February 2025
Allianz has been ordered to pay a policyholder $1000 after it failed to provide a suitably luxurious rental vehicle while the man’s sports car was being repaired...
IAG to release $200 million after BI class action halted
31 January 2025
IAG expects to release $200 million from its business interruption provision after the Federal Court last year ruled against claimants seeking to pursue a class action...
Strata premiums tipped to stabilise
31 January 2025
Strata premiums should start to level out and maybe even decrease this year, according to leading brokerage Whitbread...
Flood warning as rain batters north Queensland
31 January 2025
Persistent heavy rain is forecast for parts of the north tropical coast in Queensland, potentially causing life-threatening flash floods and property damage...
Claimant loses dispute over home payout shortfall
31 January 2025
A homeowner who said a “misleading” estimation tool was to blame for her insufficient sum insured has lost a bid to increase her coverage...
‘Proud’ minister Jones to quit politics
30 January 2025
Financial Services Minister Stephen Jones today announced he will not stand for re-election...
Industry rejects criticism of insurers over Melbourne’s ‘crime crisis’
30 January 2025
Insurers stand accused of abandoning small retailers in Melbourne as thefts spiral out of control – but brokers say affordable cover is still available...
Strata site told to secure flood cover after policy ‘gamble’
30 January 2025
A Queensland adjudicator has ordered a strata complex body corporate to take out flood insurance after it planned to renew a policy without the cover...
Runaway cow causes car crash, legal clash and liability row
30 January 2025
A landlord who was sued for damages after a cow escaped her property and caused a car accident has been denied insurance for her legal costs...
Anonymity for penalised insurer ‘fails code stakeholders’
29 January 2025
Consumer groups and other industry participants say the Code Governance Committee should have named an insurer penalised a maximum $100,000 for claims and complaint handling failings...
ASIC leader to speak at Outlook 2025 conference
29 January 2025
The Australian Securities and Investments Commission will outline its general insurance priorities at Insurance News’ upcoming Outlook 2025 conference...
Allianz Australia commercial head to take UK role
29 January 2025
Allianz Australia is searching for a new commercial division head following the appointment of Phuong Ly to a leadership role in Britain...
Ombudsman sinks missing fish claim
29 January 2025
A claimant who argued his fish should be covered as a special valuable under his home and contents policy has lost a dispute before the Australian Financial Complaints Authority...