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P&C market ‘normalising after rate surge’

Mon, 01 Jun 2026 05:11:09 GMT

The global property and casualty market is entering a normalisation phase after several years of exceptional price-driven growth, while climate change presents a growing affordability challenge, according to an Allianz report...

Investments dent industry profit

Mon, 01 Jun 2026 04:59:38 GMT

The general insurance industry’s earnings fell steeply in the March quarter while the householders line narrowed its losses, according to Australian Prudential Regulation Authority data...

Treasury sets out industry’s APRA levies

Mon, 01 Jun 2026 04:41:59 GMT

About $27.2 million will be collected from the general insurance industry to fund the prudential regulator’s supervision next financial year, Treasury says...

Ombudsman slams icare over wage adjustment delays

Mon, 01 Jun 2026 04:41:51 GMT

An inquiry has found icare engaged in unreasonable conduct with its delayed handling of wage declaration adjustments used to calculate workers’ compensation premiums...

Beware knock-on effects of mental health reform: EML

Mon, 01 Jun 2026 04:41:44 GMT

Cross-system reforms are needed to address rising mental health impacts, as changes in one area can lead to increasing burdens elsewhere, according to an EML white paper...

NZ insurers to pay regulation levy

Mon, 01 Jun 2026 04:41:28 GMT

New Zealand will introduce a prudential levy on insurers, banks and other financial market participants to cover the cost of Reserve Bank supervision...

Repeated questioning scars catastrophe survivors, MPs say

Mon, 01 Jun 2026 04:40:55 GMT

Victims of devastating weather events are traumatised by having to repeatedly recount their experiences to different agencies, a review of the NSW Reconstruction Authority’s response to east coast catastrophes has found...

Record fine after training flaws led to ‘devastating’ truck smash

Mon, 01 Jun 2026 04:40:40 GMT

Waste management group Cleanaway has been fined a record $1.1 million over a truck crash that left one of its drivers with life-changing injuries and killed two other motorists...

New law helps rivals team up in times of crisis

Mon, 01 Jun 2026 04:40:23 GMT

A change to competition law will give the regulator power to grant faster exemptions in the case of emergencies and other exceptional circumstances...

NSW confirms workers’ comp premiums

Mon, 01 Jun 2026 04:40:15 GMT

Employers in NSW will soon receive workers’ compensation renewal notices, after state insurer icare confirmed premium settings...

Tesla hire to work on insurer relationships

Mon, 01 Jun 2026 04:38:40 GMT

Paul Sofronoff has joined car maker Tesla as insurance business manager for Australia and New Zealand...

Bellrock expands Perth team

Mon, 01 Jun 2026 04:38:32 GMT

Gavin Doherty has been appointed senior adviser at Bellrock Advisory, continuing the group’s expansion in WA...

Gallagher recruits client chief in WA

Mon, 01 Jun 2026 04:38:25 GMT

Blake Gleeson has been appointed to the new role of chief client officer at Gallagher in Perth...

Marsh NZ names commercial risk leader

Mon, 01 Jun 2026 04:38:06 GMT

David Wigley has been promoted to head of commercial at Marsh’s New Zealand risk business...

Indigenous education to include insurance module under IAG deal

Mon, 01 Jun 2026 04:37:42 GMT

IAG has formed a three-year partnership with the First Nations Foundation to strengthen insurance and finance knowledge in Aboriginal and Torres Strait Islander communities...

ANZIIF sets breakfast date

Mon, 01 Jun 2026 04:37:31 GMT

The Australian and New Zealand Institute of Insurance and Finance will hold this year’s general insurance breakfast on July 28...

Sparke Helmore adds to casualty crew

Mon, 01 Jun 2026 04:37:14 GMT

Ryan Francis has joined law firm Sparke Helmore’s casualty team as a partner, based in Sydney...

‘Don’t just blame your staff for code breaches’

Mon, 01 Jun 2026 04:36:05 GMT

The General Insurance Code Governance Committee says insurers must prioritise data to find the underlying causes of breaches, rather than just blaming staff...

Commonwealth files $2 billion suit over forever chemicals

Mon, 01 Jun 2026 04:35:23 GMT

The federal government has launched a landmark legal bid for $2 billion in damages over contamination clean-ups linked to firefighting foams...

Firebomb victim sees ‘best side of people’ during recovery effort

Mon, 01 Jun 2026 04:31:43 GMT

A hospitality business owner has praised his broker and insurer for providing a “seamless” claims process after his drinks warehouse was gutted in an arson attack...