insuranceNEWS.com.au - All newsGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auFuneral to honour Tim Wedlock’s ‘extraordinary contribution’https://www.insurancenews.com.au/daily/funeral-to-honour-tim-wedlock-s-extraordinary-contributionhttps://www.insurancenews.com.au/daily/funeral-to-honour-tim-wedlock-s-extraordinary-contribution<p>The funeral service for broking leader Tim Wedlock, who was honoured last week with a posthumous lifetime achievement award, will be held in Sydney later this month...</p>Wed, 19 Aug 2026 05:45:30 GMTSpring bushfire outlook reveals risk hotspots across nationhttps://www.insurancenews.com.au/daily/spring-bushfire-outlook-reveals-risk-hotspots-across-nationhttps://www.insurancenews.com.au/daily/spring-bushfire-outlook-reveals-risk-hotspots-across-nation<p>Victoria&rsquo;s Gippsland region, eastern Tasmania and parts of NSW are among the areas facing an increased bushfire risk this spring...</p>Wed, 19 Aug 2026 05:40:40 GMTHairdresser’s cyclone BI claim fails to make the cuthttps://www.insurancenews.com.au/daily/hairdresser-s-cyclone-bi-claim-fails-to-make-the-cuthttps://www.insurancenews.com.au/daily/hairdresser-s-cyclone-bi-claim-fails-to-make-the-cut<p>A hair salon owner has lost a dispute over three days of missed business during Cyclone Alfred...</p>Wed, 19 Aug 2026 05:25:25 GMTINsight podcast: watching and waiting on Steadfasthttps://www.insurancenews.com.au/daily/insight-podcast-watching-and-waiting-on-steadfasthttps://www.insurancenews.com.au/daily/insight-podcast-watching-and-waiting-on-steadfast<p>The latest development in the Steadfast takeover bid is among the stories discussed on this week&rsquo;s Insurance News podcast...</p>Wed, 19 Aug 2026 05:15:15 GMTCall for driver training as high-tech safety features prove a turn-offhttps://www.insurancenews.com.au/daily/call-for-driver-training-as-high-tech-safety-features-prove-a-turn-offhttps://www.insurancenews.com.au/daily/call-for-driver-training-as-high-tech-safety-features-prove-a-turn-off<p>Driver-assist technology can prevent road casualties but about half of Australian motorists have disabled the &ldquo;proven&rdquo; smart features in their cars, IAG research has found...</p>Tue, 18 Aug 2026 05:58:16 GMTTop 20 AR networks report publishedhttps://www.insurancenews.com.au/daily/top-20-ar-networks-report-publishedhttps://www.insurancenews.com.au/daily/top-20-ar-networks-report-published<p>Insurance News has published a special report on the authorised representative sector, which has grown quickly to become a critical part of general insurance distribution in Australia...</p>Tue, 18 Aug 2026 05:58:06 GMTOverhaul tax calculation to ease premium burden, researchers sayhttps://www.insurancenews.com.au/daily/overhaul-tax-calculation-to-ease-premium-burden-researchers-sayhttps://www.insurancenews.com.au/daily/overhaul-tax-calculation-to-ease-premium-burden-researchers-say<p>Tasmanian insurance prices have been pushed up by rising bushfire and flood risks, rebuilding costs and taxes, a new report finds...</p>Tue, 18 Aug 2026 05:57:58 GMTTravel insurer fails to show carelessness in case of missing laptophttps://www.insurancenews.com.au/daily/travel-insurer-fails-to-show-carelessness-in-case-of-missing-laptophttps://www.insurancenews.com.au/daily/travel-insurer-fails-to-show-carelessness-in-case-of-missing-laptop<p>A traveller who could not explain how her laptop disappeared has won a claim dispute after the industry ombudsman found there was not enough evidence she left the device unattended...</p>Tue, 18 Aug 2026 05:56:04 GMTInsurer margins feel heat as climate crisis growshttps://www.insurancenews.com.au/international/insurer-margins-feel-heat-as-climate-crisis-growshttps://www.insurancenews.com.au/international/insurer-margins-feel-heat-as-climate-crisis-grows<p>European wildfires have exposed mounting pressure on insurers as climate risks intensify, GlobalData says...</p>Mon, 17 Aug 2026 04:13:17 GMTFire the rising risk as first-half nat cat losses fall below trendhttps://www.insurancenews.com.au/international/fire-the-rising-risk-as-first-half-nat-cat-losses-fall-below-trendhttps://www.insurancenews.com.au/international/fire-the-rising-risk-as-first-half-nat-cat-losses-fall-below-trend<p>Natural catastrophe hazards are changing, with wildfire now the fastest-growing peril globally, according to the Swiss Re Institute...</p>Mon, 17 Aug 2026 04:13:02 GMTAllianz flags ‘extraordinary’ AI infrastructure boomhttps://www.insurancenews.com.au/international/allianz-flags-extraordinary-ai-infrastructure-boomhttps://www.insurancenews.com.au/international/allianz-flags-extraordinary-ai-infrastructure-boom<p>The global data centre insurance market is expected to more than double in value to $US24 billion ($34 billion) by 2030 as investment in artificial intelligence drives one of the largest infrastructure investment cycles in decades, Allianz Commercial says...</p>Mon, 17 Aug 2026 04:12:49 GMTBlack Summer ‘shows need for flexible disaster response’https://www.insurancenews.com.au/local/black-summer-shows-need-for-flexible-disaster-responsehttps://www.insurancenews.com.au/local/black-summer-shows-need-for-flexible-disaster-response<p>Preparing for natural disasters means designing emergency systems that can adapt as conditions change, according to researchers from the University of NSW...</p>Mon, 17 Aug 2026 04:12:34 GMTAFCA issues claims guidelines, case studieshttps://www.insurancenews.com.au/local/afca-issues-claims-guidelines-case-studieshttps://www.insurancenews.com.au/local/afca-issues-claims-guidelines-case-studies<p>Insurers must make a decision on a claim within four months, although a &ldquo;simple claim that is plainly covered&rdquo; should take less time to accept, the Australian Financial Complaints Authority says...</p>Mon, 17 Aug 2026 04:11:18 GMTPush to let council planners see ‘digital twin’ building datahttps://www.insurancenews.com.au/local/push-to-let-council-planners-see-digital-twin-building-datahttps://www.insurancenews.com.au/local/push-to-let-council-planners-see-digital-twin-building-data<p>Geoscape Australia has urged the government to give local councils access to the national buildings data set &ndash; an AI-driven &ldquo;digital twin&rdquo; of the country&rsquo;s 19 million buildings...</p>Mon, 17 Aug 2026 04:11:00 GMTNatural peril agencies form trans-Tasman alliancehttps://www.insurancenews.com.au/local/natural-peril-agencies-form-trans-tasman-alliancehttps://www.insurancenews.com.au/local/natural-peril-agencies-form-trans-tasman-alliance<p>Natural Hazards Research Australia CEO Andrew Gissing and New Zealand Natural Hazards and Resilience Platform executive director Richard Smith have agreed the groups will work together to advance risk reduction...</p>Mon, 17 Aug 2026 04:10:37 GMTAllianz aims to educate EV drivers as cover quotes surgehttps://www.insurancenews.com.au/local/allianz-aims-to-educate-ev-drivers-as-cover-quotes-surgehttps://www.insurancenews.com.au/local/allianz-aims-to-educate-ev-drivers-as-cover-quotes-surge<p>Allianz says the number of electric vehicle policy quotes it issues has jumped by two-thirds compared with a year ago...</p>Mon, 17 Aug 2026 04:09:46 GMTFlood cover gap blows out in highest-risk areas, cyclone pool findshttps://www.insurancenews.com.au/regulatory-government/flood-cover-gap-blows-out-in-highest-risk-areas-cyclone-pool-findshttps://www.insurancenews.com.au/regulatory-government/flood-cover-gap-blows-out-in-highest-risk-areas-cyclone-pool-finds<p>Home flood insurance take-up among exposed properties in northern Australia is estimated at 65%, dropping to 33% where there is extreme risk, research shows...</p>Mon, 17 Aug 2026 04:03:14 GMTBank faces record penalty over cybersecurity failingshttps://www.insurancenews.com.au/regulatory-government/bank-faces-record-penalty-over-cybersecurity-failingshttps://www.insurancenews.com.au/regulatory-government/bank-faces-record-penalty-over-cybersecurity-failings<p>Bendigo and Adelaide Bank faces an $8 million fine over failings that enabled a hacker to make more than 280 unauthorised transactions from customer accounts...</p>Mon, 17 Aug 2026 04:03:07 GMTCyber inquiry seeks SME feedback on risk, defenceshttps://www.insurancenews.com.au/regulatory-government/cyber-inquiry-seeks-sme-feedback-on-risk-defenceshttps://www.insurancenews.com.au/regulatory-government/cyber-inquiry-seeks-sme-feedback-on-risk-defences<p>Australia&rsquo;s first federal inquiry focused on cybersecurity challenges facing SMEs is seeking input from business owners, as it examines whether they have the resources and support to withstand attacks...</p>Mon, 17 Aug 2026 04:02:30 GMTResilient homes scheme makes ‘real difference’ in flood zoneshttps://www.insurancenews.com.au/regulatory-government/resilient-homes-scheme-makes-real-difference-in-flood-zoneshttps://www.insurancenews.com.au/regulatory-government/resilient-homes-scheme-makes-real-difference-in-flood-zones<p>The Queensland Resilient Homes Fund has proven an effective recovery program for householders affected by floods, a review of the scheme has found...</p>Mon, 17 Aug 2026 04:02:23 GMT