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State’s workers’ comp underwriting loss deepens

Mon, 01 Dec 2025 04:21:54 GMT

The NSW workers’ compensation scheme has reported a $3.2 billion underwriting loss as the number of psychological injuries rose 20%, state insurer icare’s annual report says...

Psychological injury reform suffers hold-up

Mon, 01 Dec 2025 04:21:43 GMT

A workers’ compensation bill that would change psychological impairment thresholds failed to pass NSW parliament in the final week of sittings for the year...

Too much information: insurers must explain personal questions

Mon, 01 Dec 2025 04:13:32 GMT

A code governance committee review of online motor applications has found insurers often fail to explain why they are asking for information around relationships or employment – and it urges less reliance on bankruptcy as an indicator of risk...

Household cover headlines short-tail gains

Mon, 01 Dec 2025 04:08:20 GMT

Short-tail insurance lines delivered an underwriting profit of $1.55 billion in the September quarter, driven by householders’ contribution of $636 million...

Storm, hail claim count passes 44,000

Mon, 01 Dec 2025 04:08:13 GMT

The Insurance Council of Australia has extended its catastrophe declaration to include all storms and hail that hit Queensland and NSW from November 20-27...

AFCA rewrites rule book after consultation

Mon, 01 Dec 2025 04:08:04 GMT

The Australian Financial Complaints Authority has published its revised rules following approval from the corporate regulator...

Tribunal to rule again on crash victim’s ‘work journey’

Mon, 01 Dec 2025 04:07:48 GMT

A Pilates instructor who was hit by a bicycle while taking a walk between shifts has won an appeal seeking a review of the decision to deny her workers’ compensation...

Allianz summer risk report warns on vulnerable homes

Mon, 01 Dec 2025 04:07:28 GMT

Allianz has launched a free online report to encourage Australians to prepare for the increased risks summer can bring...

Investment, risk product results drag on sector profit

Mon, 01 Dec 2025 04:07:18 GMT

The life industry reported lower earnings in the September quarter as investment returns slumped and key risk products performed weakly...

Senators weigh genetic test ban

Mon, 01 Dec 2025 04:07:12 GMT

Legislation outlawing the use of genetic test results in life underwriting will be examined by senators after being introduced in federal parliament last week...

Cbus trustee penalised $23.5 million for claims delays

Mon, 01 Dec 2025 04:07:05 GMT

Superannuation fund trustee United Super has copped a $23.5 million penalty over delays processing death and disability insurance claims...

Licence frozen over ‘key person’ breach

Mon, 01 Dec 2025 04:06:55 GMT

Focused Financial Advice’s licence has been temporarily suspended after it failed to notify the corporate regulator of changes to its “key person and responsible manager” arrangement...

Advisers relieved at fix to qualifications rule

Mon, 01 Dec 2025 04:06:33 GMT

Senators passed a bill last week amending “wording issues” in financial adviser qualification laws...

Peak body launches academy

Mon, 01 Dec 2025 04:06:20 GMT

Financial Advice Association Australia has established a training centre to address the shortage of advisers...

ClearView completes move to cloud platform

Mon, 01 Dec 2025 04:06:11 GMT

ClearView Wealth has finished moving its in-force portfolios to a new insurance platform, wrapping up slightly ahead of schedule...

MetLife working to ‘remove friction’

Mon, 01 Dec 2025 04:06:02 GMT

MetLife is striving to address the underinsurance challenge facing Australia, according to president and CEO Michel Khalaf...

ICA urges regulators to rethink add-on, advice rules

Mon, 01 Dec 2025 04:05:19 GMT

Reporting requirements should be reviewed to remove duplication and regulations should be proportionate to risk, the Insurance Council of Australia has told the Council of Financial Regulators...

Queensland appoints building regulator board members

Mon, 01 Dec 2025 04:05:01 GMT

The Queensland government has named five new board members for the state building regulator, adding to appointments made earlier this year...

Builder suspended, fined over insurance fraud

Mon, 01 Dec 2025 04:04:43 GMT

A builder has been disqualified for three years and fined $120,000 after using false or misleading insurance certificates for two renovations in Victoria...

NSW names new reconstruction chief

Mon, 01 Dec 2025 04:04:32 GMT

The NSW Reconstruction Authority has appointed experienced emergency management executive Kate Fitzgerald as CEO...