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Household cover returns to profit

Mon, 31 Aug 2026 05:18:19 GMT

Householders insurance recorded an underwriting profit of $431 million in the June quarter, down from $702 million a year earlier, according to Australian Prudential Regulation Authority data...

Family and friends farewell Tim Wedlock

Mon, 31 Aug 2026 05:18:13 GMT

About 2000 people, including many from the insurance industry, gathered in Sydney yesterday to celebrate the life of Tim Wedlock, who died in a road accident while in the US...

ICA hosts meetings for bushfire victims as losses near $600m

Mon, 31 Aug 2026 05:17:49 GMT

Insurers will again travel to parts of regional Victoria affected by summer bushfires as new figures reveal the event produced 4852 claims totalling $598.6 million...

Reinsurers to take ‘significant’ share of Nepal losses

Mon, 31 Aug 2026 05:07:07 GMT

Nepal’s low insurance penetration is expected to limit underwriting losses from last week’s devastating floods, despite the scale of the humanitarian and economic impacts, while the non-life market relies heavily on reinsurance for catastrophe risks, AM Best says...

Record numbers take ILS to ‘foundational’ status

Mon, 31 Aug 2026 05:06:58 GMT

Insurance-linked securities have become “foundational reinsurance capital”, with issuance reaching a record $US144.5 billion ($201.6 billion), Aon says...

ASIC warns on ‘easy option for insurers’ after cash settlement probe

Mon, 31 Aug 2026 04:46:51 GMT

The corporate regulator has questioned the fairness of insurers’ cash settlement practices after a review indicated the payments have left home policy customers worse off...

Cyber claims grow more complex and costly

Mon, 31 Aug 2026 04:33:46 GMT

Privacy breaches, extortion, prolonged business interruption and litigation are increasingly figuring in cyber incidents, driving lengthier and more complex losses, Marsh says...

Cashed-up collectors leave luxury goods exposed

Mon, 31 Aug 2026 04:33:32 GMT

Well-heeled young Americans like buying luxury items but less than half insure them, a survey by Chubb has found...

Suncorp chooses Crunchwork for property claims

Mon, 31 Aug 2026 04:33:13 GMT

Codafication’s Crunchwork platform will support Suncorp property claims after a selection process in which the Brisbane insurtech was commercially “pressure tested” against large international vendors...

AI sales channel expanding market: Emmett

Mon, 31 Aug 2026 04:33:07 GMT

AUB Group CEO Mike Emmett says the company has seen no cannibalisation of its broker channels since launching the BizCover ChatGPT app earlier this year...

Lab Explore seeks solutions to new risks

Mon, 31 Aug 2026 04:32:59 GMT

An eight-week Lab Explore program will help turn emerging risks into insurance opportunities, Lloyd’s says...

Automation shift to ‘define life industry’

Mon, 31 Aug 2026 04:32:51 GMT

Agentic AI represents a “step change opportunity” for life insurers if they modernise operating models with “intent and discipline”, according to a Deloitte report...

Predictive flood model added for ICEYE’s US customers

Mon, 31 Aug 2026 04:32:32 GMT

ICEYE is offering predictive flood modelling to insurers, governments and emergency management in the US under a new partnership...

AFCA settles row after driver tries to claim against cancelled cover

Mon, 31 Aug 2026 04:27:43 GMT

Auto & General was following a customer’s instructions when it cancelled a comprehensive motor policy and replaced it with third-party property-only cover, the financial services ombudsman has found...

Slash excise to burn tobacco gangs, Coalition says

Mon, 31 Aug 2026 04:27:34 GMT

Illegal tobacco sales have led to higher insurance premiums and declining profitability for lawful businesses, small business operators have told a taskforce...

Birthday bash: consumer group slams industry trends

Mon, 31 Aug 2026 04:27:11 GMT

Insurers have been criticised by advocacy group the Consumer Action Law Centre as it marks its 20th anniversary...

Mid-afternoon dash fuels car crash spike

Mon, 31 Aug 2026 04:26:56 GMT

Shopping for dinner and attending afternoon appointments have made 3pm the worst time on the road for accidents...

NZ insurance model ‘problematic’ for Maori consumers

Mon, 31 Aug 2026 04:26:42 GMT

A survey of 952 Maori participants reveals affordability is the strongest barrier to insurance, while distrust, access to information, weather-related risk and product suitability are other key issues...

ARPC flags data and analytics drive in four-year plan

Mon, 31 Aug 2026 04:25:48 GMT

The Australian Reinsurance Pool Corporation has outlined key goals for the next four years in its latest corporate plan...

Canberra notes cyclone pool inquiry findings

Mon, 31 Aug 2026 04:25:35 GMT

The federal government’s response to a parliamentary inquiry into the cyclone pool mostly “notes” recommendations and points to a legislative review and other work under way...