insuranceNEWS.com.au - All news

Regulators warn industry on TPD challenges

Mon, 25 May 2026 05:13:35 GMT

“Decisive action” is needed to tackle sustainability pressures on total and permanent disability cover, regulators told a recent roundtable with life insurers and Treasury...

Advisers call for crackdown on misconduct in CSLR shake-up

Mon, 25 May 2026 05:08:43 GMT

Financial Advice Association Australia has called for “vigorous pursuit of wrongdoers” in a submission on ways to reform the compensation scheme of last resort...

ICA suggests cure for mental strain on workers’ comp

Mon, 25 May 2026 04:40:49 GMT

Insurers have called for legislative reform and claims handling improvements to address growing cost pressures on workers’ compensation schemes...

Liquidated builder wins damages from roof subcontractor

Mon, 25 May 2026 04:40:42 GMT

Insurance restoration company AJ Grant Building, which entered liquidation last year, has won $202,820 for breach of contract by one of its subcontractors...

Hospital authority charged after patient attacks nurse

Mon, 25 May 2026 04:40:35 GMT

A Victorian hospital faces charges after a nurse was seriously assaulted by a patient with a history of violence...

Travellers play safe on medical tourism, study shows

Mon, 25 May 2026 04:40:23 GMT

Australians heading overseas for medical procedures are now more likely to have travel cover, research from Insure&Go shows...

Court orders ‘gold standard’ medical check in TPD row

Mon, 25 May 2026 04:39:57 GMT

The NSW Supreme Court has told a Zurich claimant to undergo a neuropsychological assessment after the insurer applied for the order in a dispute over a total and permanent disability payout...

Policyholder misled over back injury exclusion

Mon, 25 May 2026 04:39:50 GMT

A policyholder with a history of backaches was misled when he bought income protection and total and permanent disability covers in 2019, the industry ombudsman has ruled...

TAL hails AustralianSuper claims upgrade

Mon, 25 May 2026 04:39:29 GMT

A digital claims overhaul launched in May last year has improved outcomes for AustralianSuper members, according to TAL...

Global turmoil prompts APRA to step up supervision

Mon, 25 May 2026 04:27:45 GMT

Insurers are assessing how supply chain disruption arising from geopolitical risks could affect claim costs, according to the latest System Risk Outlook from the Australian Prudential Regulation Authority...

State maintains freeze on workers’ comp rates

Mon, 25 May 2026 04:27:35 GMT

Victoria’s average WorkCover premium will stay at 1.8% of wages in 2026-27, holding for the fourth year in a row...

ASIC hails progress on red tape reduction

Mon, 25 May 2026 04:27:26 GMT

The corporate regulator says it has made “significant strides” easing red tape in financial services and it is now moving to the next phase of its simplification program...

Farm staff training scheme seeds safer practices

Mon, 25 May 2026 04:27:05 GMT

A year-long farm worker safety program aiming to reduce the number of injuries and deaths has launched in NSW...

Home coverage warning as new smoke alarm rules loom

Mon, 25 May 2026 04:26:55 GMT

Queensland homeowners have been told to comply with new fire alarm laws or risk invalidating their insurance...

Gulf conflict claims threaten to top Ukraine bill

Mon, 25 May 2026 04:26:06 GMT

The Middle East war may lead to more insurance losses than the Russia-Ukraine conflict, according to Allianz Commercial...

‘Don’t get ghosted’: regulator warns over online offers

Mon, 25 May 2026 04:25:59 GMT

The UK’s Financial Conduct Authority has warned young drivers over “too good to be true” insurance sold online after research found nearly half of under-25s had bought policies via social media or messaging apps...

Markel and Willis go nuclear together

Mon, 25 May 2026 04:25:51 GMT

Markel and Willis have launched a “first of its kind” nuclear power insurance facility under a partnership aiming to meet growing demand...

Investor demand makes ILS a ‘powerful’ player

Mon, 25 May 2026 04:25:17 GMT

Institutional investors are increasing allocations to insurance-linked assets, with non-traditional capital moving from the periphery to the mainstream, a Gallagher Securities report says...

HDI Global increases profit in tough market

Mon, 25 May 2026 04:25:01 GMT

Fewer large losses and strong investment income helped specialty lines insurer HDI Global increase net profit by 8% to €152 million ($248 million) in the first quarter...

Watchdog to avoid ‘prescriptive approach’ on tech advances

Mon, 25 May 2026 04:21:26 GMT

Australian Securities and Investments Commission chair Joe Longo says “good regulation” is vital as technology drives financial services innovation...