General insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auhttps://www.insurancenews.com.au/daily/ica-labels-hailstorms-a-catastrophe-as-claims-top-16-000https://www.insurancenews.com.au/daily/ica-labels-hailstorms-a-catastrophe-as-claims-top-16-000<p>The Insurance Council of Australia has declared a catastrophe as claims roll in following hail and strong wind in southeast Queensland over the past two days...</p>Tue, 25 Nov 2025 05:23:09 GMThttps://www.insurancenews.com.au/daily/building-insurance-claims-work-cover-put-strain-on-state-financeshttps://www.insurancenews.com.au/daily/building-insurance-claims-work-cover-put-strain-on-state-finances<p>Victoria&rsquo;s auditor-general has warned domestic building insurance claims are posing a risk to the state&rsquo;s financial health...</p>Tue, 25 Nov 2025 05:18:33 GMThttps://www.insurancenews.com.au/daily/unhappy-snapper-wins-dispute-after-camera-bag-stolen-in-a-flashhttps://www.insurancenews.com.au/daily/unhappy-snapper-wins-dispute-after-camera-bag-stolen-in-a-flash<p>A photographer whose camera bag was stolen when she hid it in bushes will receive a payout after the financial services ombudsman rejected her insurer&rsquo;s exclusions...</p>Tue, 25 Nov 2025 05:18:07 GMThttps://www.insurancenews.com.au/daily/nz-to-force-architects-engineers-to-hold-pi-coverhttps://www.insurancenews.com.au/daily/nz-to-force-architects-engineers-to-hold-pi-cover<p>Home warranties will soon be mandatory in New Zealand for many construction projects, and professional indemnity cover will be required for experts contributing to building design...</p>Tue, 25 Nov 2025 04:19:13 GMThttps://www.insurancenews.com.au/insurtech/ai-trial-provides-blueprint-for-future-allianz-sayshttps://www.insurancenews.com.au/insurtech/ai-trial-provides-blueprint-for-future-allianz-says<p>Allianz has used agentic AI for the first time to better manage Australian food spoilage claims and is now looking to roll out the tech to other countries and product lines...</p>Mon, 24 Nov 2025 04:13:10 GMThttps://www.insurancenews.com.au/insurtech/nation-s-start-ups-advance-from-hustle-to-confidencehttps://www.insurancenews.com.au/insurtech/nation-s-start-ups-advance-from-hustle-to-confidence<p>Insurtech Australia&rsquo;s annual survey of more than 100 members has found many start-ups have increased revenue, added capital from private investors and entered new markets...</p>Mon, 24 Nov 2025 04:13:02 GMThttps://www.insurancenews.com.au/insurtech/id-security-crucial-for-cyber-insurershttps://www.insurancenews.com.au/insurtech/id-security-crucial-for-cyber-insurers<p>Cloud platform Delinea says insurers are placing greater importance on businesses&rsquo; ability to manage user identity and security...</p>Mon, 24 Nov 2025 04:12:53 GMThttps://www.insurancenews.com.au/regulatory-government/workers-comp-shake-up-heightens-scrutiny-on-mental-injury-claimshttps://www.insurancenews.com.au/regulatory-government/workers-comp-shake-up-heightens-scrutiny-on-mental-injury-claims<p>Workers&rsquo; compensation reforms passed by the NSW parliament last week include updated definitions for psychological injuries and streamlined impairment assessments...</p>Mon, 24 Nov 2025 04:12:35 GMThttps://www.insurancenews.com.au/regulatory-government/industry-hails-state-s-ctp-claims-farming-banhttps://www.insurancenews.com.au/regulatory-government/industry-hails-state-s-ctp-claims-farming-ban<p>The Insurance Council of Australia has welcomed legislation introduced to the NSW parliament last week outlawing the farming of compulsory third party claims...</p>Mon, 24 Nov 2025 04:12:29 GMThttps://www.insurancenews.com.au/regulatory-government/broker-directors-fined-after-failing-to-lodge-reportshttps://www.insurancenews.com.au/regulatory-government/broker-directors-fined-after-failing-to-lodge-reports<p>Two directors of Sheffield Insurance have been fined $15,000 over their roles in the WA brokerage failing to lodge financial statements and auditors&rsquo; reports with the corporate regulator for five years...</p>Mon, 24 Nov 2025 04:12:12 GMThttps://www.insurancenews.com.au/regulatory-government/trowbridge-details-expected-strata-broker-feeshttps://www.insurancenews.com.au/regulatory-government/trowbridge-details-expected-strata-broker-fees<p>NSW Fair Trading has released a report by consultant John Trowbridge that sets out benchmarks for strata manager and broker charges, assisting consumers in assessing insurance proposals...</p>Mon, 24 Nov 2025 04:11:47 GMThttps://www.insurancenews.com.au/regulatory-government/nsw-listens-and-acts-on-black-summer-inquiry-findingshttps://www.insurancenews.com.au/regulatory-government/nsw-listens-and-acts-on-black-summer-inquiry-findings<p>The NSW government says it has acted on all 76 recommendations made by a state-commissioned inquiry into bushfire resilience...</p>Mon, 24 Nov 2025 04:11:34 GMThttps://www.insurancenews.com.au/regulatory-government/state-insurer-elevates-deputy-chairhttps://www.insurancenews.com.au/regulatory-government/state-insurer-elevates-deputy-chair<p>The Victorian Managed Insurance Authority says deputy chair Helen Silver will succeed Elana Rubin as chair...</p>Mon, 24 Nov 2025 04:11:22 GMThttps://www.insurancenews.com.au/regulatory-government/relief-as-nz-freezes-natural-hazards-levyhttps://www.insurancenews.com.au/regulatory-government/relief-as-nz-freezes-natural-hazards-levy<p>The Insurance Council of New Zealand has welcomed the government&rsquo;s decision not to increase the Natural Hazards Commission levy on homeowners...</p>Mon, 24 Nov 2025 04:11:13 GMThttps://www.insurancenews.com.au/regulatory-government/climate-generational-change-pose-systemic-threats-aprahttps://www.insurancenews.com.au/regulatory-government/climate-generational-change-pose-systemic-threats-apra<p>The prudential regulator has identified social and environmental changes as risks to insurance industry stability...</p>Mon, 24 Nov 2025 04:11:06 GMThttps://www.insurancenews.com.au/regulatory-government/federal-budget-submissions-openhttps://www.insurancenews.com.au/regulatory-government/federal-budget-submissions-open<p>The federal government is accepting submissions from individuals, businesses and other organisations for next year&rsquo;s budget...</p>Mon, 24 Nov 2025 04:10:54 GMThttps://www.insurancenews.com.au/regulatory-government/ex-work-safe-victoria-boss-to-lead-comcarehttps://www.insurancenews.com.au/regulatory-government/ex-work-safe-victoria-boss-to-lead-comcare<p>Colin Radford has been appointed Comcare CEO for a five-year term...</p>Mon, 24 Nov 2025 04:10:45 GMThttps://www.insurancenews.com.au/local/fina-heads-for-wa-as-darwin-begins-clean-uphttps://www.insurancenews.com.au/local/fina-heads-for-wa-as-darwin-begins-clean-up<p>Emergency warnings are in place in WA as Cyclone Fina moves towards the northeast Kimberley coast, leaving behind a trail of damage in Darwin and surrounding areas...</p>Mon, 24 Nov 2025 04:10:12 GMThttps://www.insurancenews.com.au/local/actuaries-demand-long-term-vision-on-adaptation-fundshttps://www.insurancenews.com.au/local/actuaries-demand-long-term-vision-on-adaptation-funds<p>Australia needs a co-ordinated national plan and to spend tens of billions of dollars on climate adaptation and resilience in coming decades, the Actuaries Institute says...</p>Mon, 24 Nov 2025 04:01:08 GMThttps://www.insurancenews.com.au/local/warning-as-bushfire-threat-rises-at-pacehttps://www.insurancenews.com.au/local/warning-as-bushfire-threat-rises-at-pace<p>IAG has urged NSW residents to be ready as this year&rsquo;s bushfire season takes shape...</p>Mon, 24 Nov 2025 04:00:55 GMT