insuranceNEWS.com.au - All newsGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auNIBA ‘takes seriously’ strata breach findingshttps://www.insurancenews.com.au/the-broker/niba-takes-seriously-strata-breach-findingshttps://www.insurancenews.com.au/the-broker/niba-takes-seriously-strata-breach-findings<p>The National Insurance Brokers Association says it will continue to engage with members and the code compliance committee to ensure standards in strata are met, after a report identified failings...</p>Thu, 02 Jul 2026 01:16:55 GMT‘Unusual’ parking clause voids cover for stolen BMWhttps://www.insurancenews.com.au/the-broker/unusual-parking-clause-voids-cover-for-stolen-bmwhttps://www.insurancenews.com.au/the-broker/unusual-parking-clause-voids-cover-for-stolen-bmw<p>A motor insurer has won a dispute over its decision to deny a claim for a luxury car stolen while parked overnight in a street outside the owner&rsquo;s home...</p>Thu, 02 Jul 2026 01:16:47 GMTEBM ‘strengthens leadership’ under role revamphttps://www.insurancenews.com.au/the-broker/ebm-strengthens-leadership-under-role-revamphttps://www.insurancenews.com.au/the-broker/ebm-strengthens-leadership-under-role-revamp<p>National broker EBM has changed its leadership structure following a review of the business...</p>Thu, 02 Jul 2026 01:16:37 GMTMetrix makes first acquisition with Coverscope dealhttps://www.insurancenews.com.au/the-broker/metrix-makes-first-acquisition-with-coverscope-dealhttps://www.insurancenews.com.au/the-broker/metrix-makes-first-acquisition-with-coverscope-deal<p>Metrix Insurance Group has acquired Gold Coast-based Coverscope Insurance Brokers, which specialises in high-risk industries such as labour hire, rail contracting and scaffolding...</p>Thu, 02 Jul 2026 01:16:27 GMTAUB cleared to increase KJ Risk holdinghttps://www.insurancenews.com.au/the-broker/aub-cleared-to-increase-kj-risk-holdinghttps://www.insurancenews.com.au/the-broker/aub-cleared-to-increase-kj-risk-holding<p>The competition regulator has waved through AUB Group&rsquo;s move to acquire a majority stake in discretionary mutual fund specialist KJ Risk Group...</p>Thu, 02 Jul 2026 01:15:47 GMTSteadfast winds up dormant subsidiarieshttps://www.insurancenews.com.au/the-broker/steadfast-winds-up-dormant-subsidiarieshttps://www.insurancenews.com.au/the-broker/steadfast-winds-up-dormant-subsidiaries<p>Steadfast is winding up 11 companies, in a process involving subsidiaries no longer trading...</p>Thu, 02 Jul 2026 01:15:31 GMTBrokers make case for hazard-exposed property databasehttps://www.insurancenews.com.au/the-broker/brokers-make-case-for-hazard-exposed-property-databasehttps://www.insurancenews.com.au/the-broker/brokers-make-case-for-hazard-exposed-property-database<p>New Zealand brokers have called for a register of properties known to be affected by or at risk from natural hazards...</p>Thu, 02 Jul 2026 01:15:02 GMTSRG buys medical covers specialist Superianhttps://www.insurancenews.com.au/the-broker/srg-buys-medical-covers-specialist-superianhttps://www.insurancenews.com.au/the-broker/srg-buys-medical-covers-specialist-superian<p>London-based underwriting agency and broking business Specialist Risk Group has expanded its presence in the healthcare market with the acquisition of Superian Insurance Group...</p>Thu, 02 Jul 2026 00:16:15 GMTCohabit adds strata renewal AI toolshttps://www.insurancenews.com.au/the-broker/cohabit-adds-strata-renewal-ai-toolshttps://www.insurancenews.com.au/the-broker/cohabit-adds-strata-renewal-ai-tools<p>Insurtech Cohabit has expanded its strata platform for brokers, adding tools that assess building risks and help with insurance placement...</p>Thu, 02 Jul 2026 00:14:45 GMTProbitas Pacific recruits WTW exec as Australia headhttps://www.insurancenews.com.au/daily/probitas-pacific-recruits-wtw-exec-as-australia-headhttps://www.insurancenews.com.au/daily/probitas-pacific-recruits-wtw-exec-as-australia-head<p>Aviva has hired Jill Stewart to manage Probitas Pacific, its Australian specialty underwriting business backed by Lloyd&rsquo;s capacity...</p>Wed, 01 Jul 2026 06:18:57 GMTZurich tech to power Mercedes-Benz motor coverhttps://www.insurancenews.com.au/daily/zurich-tech-to-power-mercedes-benz-motor-coverhttps://www.insurancenews.com.au/daily/zurich-tech-to-power-mercedes-benz-motor-cover<p>Zurich Australia is teaming with Mercedes-Benz Financial Services on cover for the car maker&rsquo;s passenger and commercial vehicles, including combustion, electric and hybrid models...</p>Wed, 01 Jul 2026 06:18:44 GMTAFCA reverses fraud finding over crash probe ‘deficiencies’https://www.insurancenews.com.au/daily/afca-reverses-fraud-finding-over-crash-probe-deficiencieshttps://www.insurancenews.com.au/daily/afca-reverses-fraud-finding-over-crash-probe-deficiencies<p>An insurer has been ordered to pay a motor claim after the industry ombudsman rejected allegations a policyholder deliberately crashed her car...</p>Wed, 01 Jul 2026 06:18:07 GMTINsight podcast: have insurers cracked new code?https://www.insurancenews.com.au/daily/insight-podcast-have-insurers-cracked-new-codehttps://www.insurancenews.com.au/daily/insight-podcast-have-insurers-cracked-new-code<p>The long-awaited draft of the new General Insurance Code of Practice is the first matter discussed on the latest Insurance News podcast...</p>Wed, 01 Jul 2026 06:11:08 GMTBuilding cyber confidence in Australia’s broker markethttps://www.insurancenews.com.au/inside-information/building-cyber-confidence-in-australia-s-broker-markethttps://www.insurancenews.com.au/inside-information/building-cyber-confidence-in-australia-s-broker-market<p class="MsoNormal"><span lang="EN-GB">Cyber risk is now a daily reality for businesses of every size, yet adoption of cyber insurance in Australia remains low, particularly among SMEs...</span></p>Tue, 30 Jun 2026 22:58:03 GMTCompliance review finds strata broking breacheshttps://www.insurancenews.com.au/daily/compliance-review-finds-strata-broking-breacheshttps://www.insurancenews.com.au/daily/compliance-review-finds-strata-broking-breaches<p>The broking code compliance committee has issued nine breach determinations and referred two brokers to the corporate regulator following a review of strata insurance arrangements...</p>Tue, 30 Jun 2026 06:32:07 GMTCode committee probe reveals premium transparency gapshttps://www.insurancenews.com.au/daily/code-committee-probe-reveals-premium-transparency-gapshttps://www.insurancenews.com.au/daily/code-committee-probe-reveals-premium-transparency-gaps<p>Some insurers have failed to provide clear pricing and payment option details in renewal notices, leaving customers without the information they need to make informed decisions, the General Insurance Code Governance Committee says...</p>Tue, 30 Jun 2026 06:31:57 GMTLife rule book overhaul looms as Kell unveils final report https://www.insurancenews.com.au/daily/life-rulebook-overhaul-looms-as-kell-unveils-final-report-https://www.insurancenews.com.au/daily/life-rulebook-overhaul-looms-as-kell-unveils-final-report-<p>Major changes to the Life Insurance Code of Practice have been recommended in reviewer Peter Kell&rsquo;s final report...</p>Tue, 30 Jun 2026 06:30:28 GMTAFCA backs ‘despairing’ salon owner after tobacco store arsonhttps://www.insurancenews.com.au/daily/afca-backs-despairing-salon-owner-after-tobacco-store-arsonhttps://www.insurancenews.com.au/daily/afca-backs-despairing-salon-owner-after-tobacco-store-arson<p>The owner of a beauty salon that was covered in toxic soot when a next-door tobacco shop was firebombed has won a claim dispute in which she was seeking more than $200,000 for damage, plus $44,000 for business interruption...</p>Tue, 30 Jun 2026 05:59:58 GMTFund that charged dead members cops $10m penaltyhttps://www.insurancenews.com.au/life-insurance/fund-that-charged-dead-members-cops-10m-penaltyhttps://www.insurancenews.com.au/life-insurance/fund-that-charged-dead-members-cops-10m-penalty<p>The Federal Court has ordered Mercer Super to pay $10.3 million in penalties for failing to tell the corporate regulator about its internal investigations into significant issues...</p>Mon, 29 Jun 2026 04:47:08 GMTCancer serious but falls short of policy definitionhttps://www.insurancenews.com.au/life-insurance/cancer-serious-but-falls-short-of-policy-definitionhttps://www.insurancenews.com.au/life-insurance/cancer-serious-but-falls-short-of-policy-definition<p>A claimant who argued his life insurer&rsquo;s definition of cancer was too narrow has lost his bid for benefits...</p>Mon, 29 Jun 2026 04:46:58 GMT