insuranceNEWS.com.au - All newsGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auKKR joins US partners’ buyout bid for Steadfasthttps://www.insurancenews.com.au/daily/kkr-joins-us-partners-buyout-bid-for-steadfasthttps://www.insurancenews.com.au/daily/kkr-joins-us-partners-buyout-bid-for-steadfast<p>Private equity giant Kohlberg Kravis Roberts has joined the consortium trying to acquire Steadfast for $7.7 billion...</p>Tue, 14 Jul 2026 06:21:43 GMTRogue broker jailed as new crime uncoveredhttps://www.insurancenews.com.au/daily/rogue-broker-jailed-as-new-crime-uncoveredhttps://www.insurancenews.com.au/daily/rogue-broker-jailed-as-new-crime-uncovered<p>A former SA insurance broker&rsquo;s suspended three-year prison sentence, imposed in 2013, has been activated after further offending...</p>Tue, 14 Jul 2026 06:16:47 GMTDive In opens registrations for one last ‘defining conversation’https://www.insurancenews.com.au/daily/dive-in-opens-registrations-for-one-last-defining-conversationhttps://www.insurancenews.com.au/daily/dive-in-opens-registrations-for-one-last-defining-conversation<p>Registration is open for the final installment of Dive In, taking place from September 22-24 with the theme &ldquo;the human gAIn: powering culture and connection&rdquo;...</p>Tue, 14 Jul 2026 06:16:21 GMTMental trauma not a ‘bodily injury’, ombudsman ruleshttps://www.insurancenews.com.au/daily/mental-trauma-not-a-bodily-injury-ombudsman-ruleshttps://www.insurancenews.com.au/daily/mental-trauma-not-a-bodily-injury-ombudsman-rules<p>A ride-share driver who was spat on and verbally abused by a passenger has lost his bid for a payout under a personal accident policy, because he was not physically harmed in the incident...</p>Tue, 14 Jul 2026 06:14:48 GMTNation's first Shariah-compliant motor protection rolls outhttps://www.insurancenews.com.au/corporate/nation-s-first-shariah-compliant-motor-protection-rolls-outhttps://www.insurancenews.com.au/corporate/nation-s-first-shariah-compliant-motor-protection-rolls-out<p>A Shariah-certified discretionary takaful mutual has launched with a motor protection offer, in what the group&rsquo;s founders say is a first for the nation...</p>Mon, 13 Jul 2026 05:20:06 GMT‘Why are brokers afraid of disclosing remuneration?’ asks code compliance chiefhttps://www.insurancenews.com.au/local/why-are-brokers-afraid-of-disclosing-remuneration-asks-code-compliance-chiefhttps://www.insurancenews.com.au/local/why-are-brokers-afraid-of-disclosing-remuneration-asks-code-compliance-chief<p>Chairman of the Insurance Brokers Code Compliance Committee Oscar Shub says a U-turn on remuneration disclosure for small businesses could damage the industry&rsquo;s reputation, and the oversight body will fight the move...</p>Mon, 13 Jul 2026 04:52:00 GMTEl Nino threatens utilities, farmers: Fitchhttps://www.insurancenews.com.au/local/el-nino-threatens-utilities-farmers-fitchhttps://www.insurancenews.com.au/local/el-nino-threatens-utilities-farmers-fitch<p>Utilities and agriculture are among the most exposed sectors in Australia under El Nino conditions, Fitch Ratings has warned...</p>Mon, 13 Jul 2026 04:51:48 GMTSoftware group loses bid to overturn retention rulinghttps://www.insurancenews.com.au/local/software-group-loses-bid-to-overturn-retention-rulinghttps://www.insurancenews.com.au/local/software-group-loses-bid-to-overturn-retention-ruling<p>The Federal Court has dismissed software company Nuix&rsquo;s action against insurers concerning how retentions are applied when there are claims on two types of cover...</p>Mon, 13 Jul 2026 04:51:38 GMTWater storage and release tipped to tackle NSW floodshttps://www.insurancenews.com.au/local/water-storage-and-release-tipped-to-tackle-nsw-floodshttps://www.insurancenews.com.au/local/water-storage-and-release-tipped-to-tackle-nsw-floods<p>The impact of large floods in the NSW Northern Rivers region could be reduced by building infrastructure to store and release water, CSIRO has found...</p>Mon, 13 Jul 2026 04:51:23 GMTIAG polling supports levy reform casehttps://www.insurancenews.com.au/local/iag-polling-supports-levy-reform-casehttps://www.insurancenews.com.au/local/iag-polling-supports-levy-reform-case<p>Community polling commissioned by IAG has found only 7% of NSW voters support the current emergency services levy funding model...</p>Mon, 13 Jul 2026 04:51:14 GMTSafety fears on menu as food makers face smorgasbord of riskshttps://www.insurancenews.com.au/local/safety-fears-on-menu-as-food-makers-face-smorgasbord-of-riskshttps://www.insurancenews.com.au/local/safety-fears-on-menu-as-food-makers-face-smorgasbord-of-risks<p>The food and drinks industry is losing confidence in its ability to manage risk in an increasingly volatile environment marked by surging litigation, according to a report from broker Willis...</p>Mon, 13 Jul 2026 04:50:59 GMTAPRA finalises reinsurance framework overhaulhttps://www.insurancenews.com.au/regulatory-government/apra-finalises-reinsurance-framework-overhaulhttps://www.insurancenews.com.au/regulatory-government/apra-finalises-reinsurance-framework-overhaul<p>The prudential regulator has finalised its position on a revised reinsurance framework to support access to catastrophe bonds and other stop-loss options for general insurers...</p>Mon, 13 Jul 2026 04:49:32 GMTBrief reprieve for fire testing lab not enough, housing industry warnshttps://www.insurancenews.com.au/regulatory-government/brief-reprieve-for-fire-testing-lab-not-enough-housing-industry-warnshttps://www.insurancenews.com.au/regulatory-government/brief-reprieve-for-fire-testing-lab-not-enough-housing-industry-warns<p>The Housing Industry Association says closing CSIRO&rsquo;s fire technology laboratory will have major implications for the delivery of new homes...</p>Mon, 13 Jul 2026 04:49:23 GMTASIC cancels adviser’s licencehttps://www.insurancenews.com.au/regulatory-government/asic-cancels-adviser-s-licencehttps://www.insurancenews.com.au/regulatory-government/asic-cancels-adviser-s-licence<p>The Australian Securities and Investments Commission has cancelled CAIP Services&rsquo; licence to operate as a financial services business...</p>Mon, 13 Jul 2026 04:49:06 GMTICA seeks ban on car makers holding parts ‘hostage’https://www.insurancenews.com.au/regulatory-government/ica-seeks-ban-on-car-makers-holding-parts-hostagehttps://www.insurancenews.com.au/regulatory-government/ica-seeks-ban-on-car-makers-holding-parts-hostage<p>Insurers say Australia&rsquo;s first &ldquo;right to repair&rdquo; law should be strengthened to require manufacturers to sell car parts to independent mechanics...</p>Mon, 13 Jul 2026 04:48:53 GMTAuthority seeks feedback on prudential framework tweakshttps://www.insurancenews.com.au/regulatory-government/authority-seeks-feedback-on-prudential-framework-tweakshttps://www.insurancenews.com.au/regulatory-government/authority-seeks-feedback-on-prudential-framework-tweaks<p>Consultation has begun on a package of minor updates to the prudential and reporting framework...</p>Mon, 13 Jul 2026 04:44:34 GMTBracing for a future of shifts and shockshttps://www.insurancenews.com.au/analysis/bracing-for-a-future-of-shifts-and-shockshttps://www.insurancenews.com.au/analysis/bracing-for-a-future-of-shifts-and-shocks<p>Insurance premium growth will slow this year after the rises and profitability peaks of 2024-25, a global report by the Swiss Re Institute says...</p>Mon, 13 Jul 2026 04:35:29 GMTLonger lives mean longer illnesses, study showshttps://www.insurancenews.com.au/life-insurance/longer-lives-mean-longer-illnesses-study-showshttps://www.insurancenews.com.au/life-insurance/longer-lives-mean-longer-illnesses-study-shows<p>Australians are living longer but spending more of their later years managing chronic illness, according to research from life insurer Zurich...</p>Mon, 13 Jul 2026 04:34:59 GMTSales commissions cut from income calculation, AFCA findshttps://www.insurancenews.com.au/life-insurance/sales-commissions-cut-from-income-calculation-afca-findshttps://www.insurancenews.com.au/life-insurance/sales-commissions-cut-from-income-calculation-afca-finds<p>An insurer does not have to include a claimant&rsquo;s sales commission earnings when calculating his income protection payments, the financial services ombudsman has ruled...</p>Mon, 13 Jul 2026 04:34:50 GMTFuture2 grant applications openhttps://www.insurancenews.com.au/life-insurance/future2-grant-applications-openhttps://www.insurancenews.com.au/life-insurance/future2-grant-applications-open<p>Nominations have opened for this year&rsquo;s Future2 grants program supporting community projects that improve financial wellbeing and literacy...</p>Mon, 13 Jul 2026 04:34:30 GMT