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Home cover intervention a priority – but there’s no timescale: Mulino

Tue, 16 Jun 2026 06:07:45 GMT

Financial Services Minister Daniel Mulino is “continuing to work on” possible government intervention to help high-risk homeowners who are being priced out of insurance...

Pay model a barrier to brokers serving small business, Youi says

Tue, 16 Jun 2026 06:07:35 GMT

Youi has provided “more compelling” small business insurance after switching to a direct distribution model, CEO Nathaniel Simpson told an inquiry today...

Crawford warns war is blowing out property claims costs

Tue, 16 Jun 2026 06:07:25 GMT

The Middle East conflict has added volatility to claims costs, particularly around jobs such as plumbing and draining water, and is raising the risk of underinsurance, according to Crawford & Co Australia...

Allianz event hub delivers ‘co-ordinated, data-informed response’

Tue, 16 Jun 2026 06:07:18 GMT

A new Event Response Centre in Sydney will co-ordinate Allianz’s activity during and after severe weather incidents...

Industry workers averagely ambitious on pay rises

Mon, 15 Jun 2026 05:23:43 GMT

Insurance professionals expect their pay to increase by 3.8% over the next year, matching the average change predicted in a Hays survey of 7000 Australians and New Zealanders across all industries...

‘No excuse’: ASIC slams trustees over death claims

Mon, 15 Jun 2026 05:15:49 GMT

Super trustees’ management of death benefit claims is still not meeting fund members’ expectations, despite a 53% drop in internal complaints about delays, the Australian Securities and Investments Commission says...

Suncorp ‘explored every other option’ before quitting tobacco retailers

Mon, 15 Jun 2026 04:55:54 GMT

Suncorp stopped providing insurance to tobacconist clients last year, a federal parliamentary inquiry has heard...

Insurer ad budgets blow out as consumers shop around

Mon, 15 Jun 2026 04:45:29 GMT

Insurance advertising spending grew 11% last year as the Australian market entered a “sharper contest for value-conscious consumers”, market research group Nielsen says...

NZ catastrophe scheme secures record reinsurance

Mon, 15 Jun 2026 04:45:23 GMT

New Zealand’s natural peril insurance scheme says it is “better placed to respond” after securing a record $NZ12.3 billion ($10.17 billion) in reinsurance for the next year...

Ombudsman issues hail damage complaints guide

Mon, 15 Jun 2026 04:45:09 GMT

Complaints about roof repairs and broken solar panels feature in a new hail damage external dispute resolution response guide from the industry ombudsman...

ICA, ICNZ join forces for resilience push

Mon, 15 Jun 2026 04:45:01 GMT

The Australian and New Zealand insurance councils will co-ordinate advocacy efforts and share expertise under a formal arrangement aiming to improve regional resilience...

Treasury seeks feedback on genetic test regulations

Mon, 15 Jun 2026 04:44:27 GMT

Federal Treasury is consulting on draft regulations governing the incoming ban on using genetic test results in life insurance...

Dispute body eyes rule changes to ‘keep pace’ with gene test ban

Mon, 15 Jun 2026 04:44:19 GMT

The industry ombudsman has proposed rule changes that will allow it to handle disputes related to the ban on the use of genetic test results in life underwriting...

Industry flags downsides to lead generation crackdown

Mon, 15 Jun 2026 04:44:11 GMT

Life insurers say lead generation “plays an important role” for consumers who need information, as the federal government considers a clampdown on unsolicited marketing...

ALUCA names award winners

Mon, 15 Jun 2026 04:43:55 GMT

More than 300 professionals gathered in Sydney last Tuesday as winners were announced in this year’s Annual Life Insurance Excellence Awards...

TAL makes board appointments

Mon, 15 Jun 2026 04:43:17 GMT

TAL says Angela Mentis and Akifumi Kai have joined as directors following the retirement of Christine Bartlett...

NZ advice body to hold policy summit

Mon, 15 Jun 2026 04:43:09 GMT

Financial Advice New Zealand’s first Advice Policy Summit will be held on July 28 in Auckland...

Watchdog trains sights on ‘soft commissions’

Mon, 15 Jun 2026 04:42:48 GMT

New Zealand’s conduct regulator has warned insurers over the use of non-monetary sales incentives such as gifts and prizes that could lead to adverse consumer outcomes...

State MPs back defects insurance bill

Mon, 15 Jun 2026 04:42:42 GMT

Victoria’s lower house has passed legislation paving the way for decennial insurance for apartment building defects...

Early climate reports show ‘analytical rigour’ but lack of detail

Mon, 15 Jun 2026 04:42:41 GMT

A Finity analysis of the first wave of mandatory climate disclosures has found wide variation in how companies interpret and apply the framework...