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Iran war pushing up insurer costs, ICA warns

Wed, 01 Apr 2026 05:20:57 GMT

The Middle East conflict’s impact on the industry supply chain is “already evident” as disruptions drive up costs, according to the Insurance Council of Australia...

Europ Assistance wins licence to underwrite travel cover

Wed, 01 Apr 2026 05:01:06 GMT

Travel insurance provider Europ Assistance Australia has been given a licence to operate as a general insurer...

Driver fails to close gap after financed car trashed

Wed, 01 Apr 2026 04:49:39 GMT

A claimant has failed to force her insurer to cover the gap between her car's market value and the amount she owed the finance company...

INsight podcast: Cyclone Narelle's sting in the tail

Wed, 01 Apr 2026 04:31:00 GMT

The damaging conclusion to Cyclone Narelle's long journey across Australia is the first topic tackled on the latest Insurance News podcast...

Cyclone Narelle claims hit 1800

Tue, 31 Mar 2026 05:36:22 GMT

Insurers have received about 1800 claims for damage caused by Tropical Cyclone Narelle, according to the Insurance Council of Australia...

Gallagher acquires Queensland broker with ‘niche expertise’

Tue, 31 Mar 2026 05:11:27 GMT

Global broking group Gallagher has bought Queensland-based International Insurance Brokers for an undisclosed amount...

Regulator issues warning as CTP fraudster does jail time

Tue, 31 Mar 2026 05:11:16 GMT

A fraudster has for the first time served a jail sentence for wrongful receipt of insurance payments under the NSW compulsory third party scheme...

AFCA backs property owner in flooding dispute

Tue, 31 Mar 2026 04:37:16 GMT

Youi will have to pay more than $115,765 to a homeowner for storm damage after he challenged its assessment that inadequate drainage systems allowed water to seep under his home...

‘Massive destruction’: WA towns count cost of Narelle

Mon, 30 Mar 2026 04:15:39 GMT

North West Cape in WA has suffered some of the worst damage from Tropical Cyclone Narelle, the biggest storm to hit the state since Seroja in April 2021...

Industry faces resilience stress test amid Middle East war

Mon, 30 Mar 2026 03:51:01 GMT

Howden Re says the closure of the Strait of Hormuz has put “risk premia across the (re)insurance sector in flux”...

Tokio Marine, Berkshire Hathaway enter alliance

Mon, 30 Mar 2026 03:50:57 GMT

Berkshire Hathaway and Tokio Marine Holdings have formed a “strategic partnership” in which the US conglomerate’s National Indemnity Company takes a 2.49% stake in the Japanese insurance group...

Ardonagh ‘match fit for global turmoil’ as earnings rise

Mon, 30 Mar 2026 03:50:50 GMT

UK-based Ardonagh’s reported income grew 20.4% to $US2.55 billion ($3.6 billion) last year as it strengthened its international operations...

Perils flags billion-dollar bill for French storm

Mon, 30 Mar 2026 03:50:31 GMT

Swiss catastrophe modeller Perils estimates Windstorm Nils led to €586 million ($983.48 million) of insured losses, in its first of four assessments on the damage...

Court backs $140 million group ‘overcharging’ settlement

Mon, 30 Mar 2026 03:40:35 GMT

The Federal Court has approved a $140 million settlement to a class action alleging overcharging of group insurance premiums...

Zurich revises cover for AFL players amid concussion ‘uncertainty’

Mon, 30 Mar 2026 03:40:27 GMT

Zurich has confirmed changes to its group insurance program for Australian Football League players after media reported it no longer includes head trauma...

AFCA rules out more compensation for widow

Mon, 30 Mar 2026 03:40:18 GMT

TAL and super fund IOOF adequately compensated a widow for delays assessing a terminal illness benefit, the financial services ombudsman has ruled...

Genetic test ban awaits Senate nod

Mon, 30 Mar 2026 03:40:07 GMT

Australia is close to banning the use of genetic test results in life insurance underwriting after proposed laws cleared the House of Representatives last week...

Advisers canvassed on compensation scheme charge

Mon, 30 Mar 2026 03:36:10 GMT

Financial Advice Association Australia has launched a member survey on the impact of Compensation Scheme of Last Resort levies...

FSC names new deputy chair

Mon, 30 Mar 2026 03:35:48 GMT

The Financial Services Council has appointed Challenger CEO Nick Hamilton as deputy chair...

NZ consumer survey finds advice gap

Mon, 30 Mar 2026 03:35:42 GMT

A Financial Markets Authority review of New Zealanders’ access to advice has found “significant opportunity” for improvement...