insuranceNEWS.com.au - All newsGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auConsumers ‘losing hope’ on affordability after budget failingshttps://www.insurancenews.com.au/daily/consumers-losing-hope-on-affordability-after-budget-failingshttps://www.insurancenews.com.au/daily/consumers-losing-hope-on-affordability-after-budget-failings<p>The need for action on the insurance affordability crisis has never been greater, consumer advocates say following an underwhelming federal budget...</p>Fri, 22 May 2026 06:30:43 GMTLeney outlines goals for fresh term as ANZIIF presidenthttps://www.insurancenews.com.au/daily/leney-outlines-goals-for-fresh-term-as-anziif-presidenthttps://www.insurancenews.com.au/daily/leney-outlines-goals-for-fresh-term-as-anziif-president<p>AIG Asia-Pacific regional head Scott Leney has been reappointed president of the Australian and New Zealand Institute of Insurance and Finance...</p>Fri, 22 May 2026 06:30:31 GMTCyber crooks pose ‘unseen threat’ to farmshttps://www.insurancenews.com.au/daily/cyber-crooks-pose-unseen-threat-to-farmshttps://www.insurancenews.com.au/daily/cyber-crooks-pose-unseen-threat-to-farms<p>Farmers are increasingly the target of cyberattacks, yet most are unaware of their exposure, according to rural specialist WFI Insurance...</p>Fri, 22 May 2026 06:30:19 GMTInsurer vindicated in hearing aid rowhttps://www.insurancenews.com.au/daily/insurer-vindicated-in-hearing-aid-rowhttps://www.insurancenews.com.au/daily/insurer-vindicated-in-hearing-aid-row<p>A policyholder has failed to win an upgraded payout for her husband&rsquo;s lost hearing aids, which were covered under her home and contents insurance...</p>Fri, 22 May 2026 06:28:04 GMTASIC urges care as AI powers innovationhttps://www.insurancenews.com.au/daily/asic-urges-care-as-ai-powers-innovationhttps://www.insurancenews.com.au/daily/asic-urges-care-as-ai-powers-innovation<p>The corporate regulator has called for &ldquo;safe and responsible&rdquo; innovation as artificial intelligence changes the way insurance and other financial services are offered...</p>Thu, 21 May 2026 06:24:24 GMTRegulator axes Eric’s insurance licencehttps://www.insurancenews.com.au/daily/regulator-axes-eric-s-insurance-licencehttps://www.insurancenews.com.au/daily/regulator-axes-eric-s-insurance-licence<p>The prudential regulator has revoked Eric Insurance&rsquo;s licence following a request from its administrators...</p>Thu, 21 May 2026 06:24:14 GMTFormer Chubb leader leaves ICA boardhttps://www.insurancenews.com.au/daily/former-chubb-leader-leaves-ica-boardhttps://www.insurancenews.com.au/daily/former-chubb-leader-leaves-ica-board<p>Chubb&rsquo;s former country president for Australia and New Zealand Ben Howell is no longer a member of the Insurance Council board...</p>Thu, 21 May 2026 06:24:04 GMTAFCA backs claimant in clash over mismatched tileshttps://www.insurancenews.com.au/daily/afca-backs-claimant-in-clash-over-mismatched-tileshttps://www.insurancenews.com.au/daily/afca-backs-claimant-in-clash-over-mismatched-tiles<p>An insurer has been told to fully refit a claimant&rsquo;s kitchen floor because its offer to replace some damaged tiles would not restore the woman&rsquo;s home to its previous condition...</p>Thu, 21 May 2026 05:26:53 GMTNIBA hails state’s change of tack on TasInsurehttps://www.insurancenews.com.au/the-broker/niba-hails-state-s-change-of-tack-on-tas-insurehttps://www.insurancenews.com.au/the-broker/niba-hails-state-s-change-of-tack-on-tas-insure<p>Brokers have welcomed the Tasmanian government&rsquo;s decision to work alongside insurers and intermediaries on affordability, &ldquo;rather than displacing them&rdquo;...</p>Thu, 21 May 2026 02:12:31 GMTGSA announces key appointmentshttps://www.insurancenews.com.au/the-broker/gsa-announces-key-appointmentshttps://www.insurancenews.com.au/the-broker/gsa-announces-key-appointments<p>GSA Insurance Brokers has filled a number of key positions, as the integration of fellow Steadfast-owned business Coverforce Insurance Brokers continues...</p>Thu, 21 May 2026 02:10:59 GMTAI mustn’t replace judgment in broking, expert sayshttps://www.insurancenews.com.au/the-broker/ai-mustn-t-replace-judgement-in-broking-expert-sayshttps://www.insurancenews.com.au/the-broker/ai-mustn-t-replace-judgement-in-broking-expert-says<p>Brokers can use artificial intelligence to improve their work each day, but only to &ldquo;remove effort, not judgment&rdquo;, former Hollard tech chief Jamie Smith says...</p>Thu, 21 May 2026 02:03:21 GMTConstruction risk well served as London’s appetite buildshttps://www.insurancenews.com.au/the-broker/construction-risk-well-served-as-london-s-appetite-buildshttps://www.insurancenews.com.au/the-broker/construction-risk-well-served-as-london-s-appetite-builds<p>Interest from London underwriters is lifting competition in the Australian construction property insurance market, according to Aon...</p>Thu, 21 May 2026 02:03:10 GMTInsurer suffers knockout in martial arts club clashhttps://www.insurancenews.com.au/the-broker/insurer-suffers-knockout-in-martial-arts-club-clashhttps://www.insurancenews.com.au/the-broker/insurer-suffers-knockout-in-martial-arts-club-clash<p>A taekwondo centre&rsquo;s landlord that denied a &ldquo;men&rsquo;s shed&rdquo; was also in operation at its site but failed to disclose storage of property there has won a million-dollar fire damage dispute...</p>Thu, 21 May 2026 02:01:20 GMTAIG exec joins Zurich in NZhttps://www.insurancenews.com.au/the-broker/aig-exec-joins-zurich-in-nzhttps://www.insurancenews.com.au/the-broker/aig-exec-joins-zurich-in-nz<p>Zurich says Alan James will join its New Zealand business next month as distribution head and assistant GM...</p>Thu, 21 May 2026 02:00:35 GMTAon platform to bring ‘more efficient’ placementhttps://www.insurancenews.com.au/the-broker/aon-platform-to-bring-more-efficient-placementhttps://www.insurancenews.com.au/the-broker/aon-platform-to-bring-more-efficient-placement<p>Aon plans to launch a new digital trading platform designed to modernise how brokers access capital and syndicate risk...</p>Thu, 21 May 2026 02:00:24 GMTProRisk names P&C leaderhttps://www.insurancenews.com.au/the-broker/pro-risk-names-p-and-c-leaderhttps://www.insurancenews.com.au/the-broker/pro-risk-names-p-and-c-leader<p>Underwriting agency ProRisk has made Peter Stone its practice leader for property and casualty...</p>Thu, 21 May 2026 02:00:06 GMTBridge brings in ex-GT chief as adviserhttps://www.insurancenews.com.au/the-broker/bridge-brings-in-ex-gt-chief-as-adviserhttps://www.insurancenews.com.au/the-broker/bridge-brings-in-ex-gt-chief-as-adviser<p>The Bridge International has appointed former GT Insurance CEO Tony Dodd as a strategic adviser, with a focus on underwriting agencies...</p>Thu, 21 May 2026 01:59:33 GMTTasmania only state intervening on insurance cost: Rockliffhttps://www.insurancenews.com.au/daily/tasmania-only-state-intervening-on-insurance-cost-rockliffhttps://www.insurancenews.com.au/daily/tasmania-only-state-intervening-on-insurance-cost-rockliff<p>Tasmanian Premier Jeremy Rockliff says a new TasInsure statutory body will make the state an insurance affordability &ldquo;pacesetter&rdquo; for the rest of Australia...</p>Wed, 20 May 2026 06:17:54 GMTTower’s AI-driven call centre ‘delivering for customers’https://www.insurancenews.com.au/daily/tower-s-ai-driven-call-centre-delivering-for-customershttps://www.insurancenews.com.au/daily/tower-s-ai-driven-call-centre-delivering-for-customers<p>New Zealand insurer Tower says using AI in its contact centre has saved customers more than 13,000 hours in seven months...</p>Wed, 20 May 2026 06:17:47 GMTRent recouped as unit owner emerges from a mouldy messhttps://www.insurancenews.com.au/daily/rent-recouped-as-unit-owner-emerges-from-a-mouldy-messhttps://www.insurancenews.com.au/daily/rent-recouped-as-unit-owner-emerges-from-a-mouldy-mess<p>Chubb must cover more than $60,000 of lost rent and pay compensation to a strata property owner after black mould left his unit uninhabitable for more than two years...</p>Wed, 20 May 2026 06:16:41 GMT