insuranceNEWS.com.au - All newsGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auAcerta names new headhttps://www.insurancenews.com.au/corporate/acerta-names-new-headhttps://www.insurancenews.com.au/corporate/acerta-names-new-head<p>Former Arag Australia CEO Natasha Gale has been appointed head of Acerta, the intermediated division of Guild...</p>Wed, 16 Sep 2026 06:22:06 GMTICNZ urges emergency services funding revamphttps://www.insurancenews.com.au/regulatory-government/icnz-urges-emergency-services-funding-revamphttps://www.insurancenews.com.au/regulatory-government/icnz-urges-emergency-services-funding-revamp<p><span class="TextRun SCXW66949659 BCX0" lang="EN-GB" xml:lang="EN-GB" data-contrast="auto"><span class="NormalTextRun SCXW66949659 BCX0">The Insurance Council of New Zealand has&nbsp;</span><span class="NormalTextRun SCXW66949659 BCX0">proposed funding </span><span class="NormalTextRun SCXW66949659 BCX0">fire and emergency services through central taxation, as the government </span><span class="NormalTextRun SCXW66949659 BCX0">considers</span> <span class="NormalTextRun SCXW66949659 BCX0">whether the current</span><span class="NormalTextRun SCXW66949659 BCX0"> levy </span><span class="NormalTextRun SCXW66949659 BCX0">on premiums</span> <span class="NormalTextRun SCXW66949659 BCX0">is </span><span class="NormalTextRun SCXW66949659 BCX0">fair and fit for pu</span><span class="NormalTextRun SCXW66949659 BCX0">r</span><span class="NormalTextRun SCXW66949659 BCX0">pose...</span></span></p>Wed, 16 Sep 2026 05:45:42 GMTAFCA has last word on verbal tenancy agreementhttps://www.insurancenews.com.au/daily/afca-has-last-word-on-verbal-tenancy-agreementhttps://www.insurancenews.com.au/daily/afca-has-last-word-on-verbal-tenancy-agreement<p>The industry ombudsman has ruled that a landlord&rsquo;s verbal periodic tenancy was sufficient to trigger cover, despite the policy requiring a written agreement...</p>Wed, 16 Sep 2026 04:53:16 GMTINsight podcast: time to act on Melbourne crimehttps://www.insurancenews.com.au/the-professional/insight-podcast-time-to-act-on-melbourne-crimehttps://www.insurancenews.com.au/the-professional/insight-podcast-time-to-act-on-melbourne-crime<p>The upcoming Victorian election and the message to politicians from insurers is the main discussion point on the latest episode of the Insurance News podcast...</p>Wed, 16 Sep 2026 01:12:47 GMTLevy says ‘ethical brokers’ disclose commissionhttps://www.insurancenews.com.au/local/levy-says-ethical-brokers-disclose-commissionhttps://www.insurancenews.com.au/local/levy-says-ethical-brokers-disclose-commission<p>Quality of Advice reviewer Michelle Levy has had her say on the National Insurance Brokers Association draft code, arguing that all commissions should be disclosed...</p>Tue, 15 Sep 2026 06:01:58 GMTMotor specialist MB Insurance enters New Zealandhttps://www.insurancenews.com.au/corporate/motor-specialist-mb-insurance-enters-new-zealandhttps://www.insurancenews.com.au/corporate/motor-specialist-mb-insurance-enters-new-zealand<p>Specialist motor underwriting agency MB Insurance has entered New Zealand, with a new broker portal offering cover for prestige, luxury, high performance and classic vehicles...</p>Tue, 15 Sep 2026 06:01:50 GMTGlobal insurance comms expert targets local sectorhttps://www.insurancenews.com.au/the-professional/global-insurance-comms-expert-targets-local-sectorhttps://www.insurancenews.com.au/the-professional/global-insurance-comms-expert-targets-local-sector<p>Quadient, which operates in 26 countries, will present a free Insurance News webinar on October 14 as it expands its presence in the Australian insurance sector...</p>Tue, 15 Sep 2026 05:45:51 GMTTraveller with knife cannot claim for missed flighthttps://www.insurancenews.com.au/daily/traveller-with-knife-cannot-claim-for-missed-flighthttps://www.insurancenews.com.au/daily/traveller-with-knife-cannot-claim-for-missed-flight<p>A man who missed his flight because of a knife in his luggage does not have a valid claim under his travel policy for the extra costs incurred, the financial ombudsman has ruled...</p>Tue, 15 Sep 2026 05:37:28 GMTRaindrop becomes a Guidewire vanguard https://www.insurancenews.com.au/insurtech/raindrop-becomes-a-guidewire-vanguardhttps://www.insurancenews.com.au/insurtech/raindrop-becomes-a-guidewire-vanguard<p>Darwin's Raindrop has joined the Guidewire insurtech vanguards incubator program...</p>Mon, 14 Sep 2026 04:46:03 GMTMoody’s ‘connects the dots’ in risk reporthttps://www.insurancenews.com.au/international/moody-s-connects-the-dots-in-risk-reporthttps://www.insurancenews.com.au/international/moody-s-connects-the-dots-in-risk-report<p>Moody&rsquo;s has published a report on 20 emerging risks that will shape the future of insurance...</p>Mon, 14 Sep 2026 04:30:00 GMTCanada floods cause $360 million in losseshttps://www.insurancenews.com.au/international/canada-floods-cause-360-million-in-losseshttps://www.insurancenews.com.au/international/canada-floods-cause-360-million-in-losses<p>Storms that swept across parts of Canada&rsquo;s Ontario province have caused nearly $C360 million ($362 million) in estimated insured damage, according to initial estimates...</p>Mon, 14 Sep 2026 04:28:41 GMTDigital footprint 'provides cyber claim frequency signal'https://www.insurancenews.com.au/international/digital-footprint-provides-cyber-claim-frequency-signalhttps://www.insurancenews.com.au/international/digital-footprint-provides-cyber-claim-frequency-signal<p>Cyber risk underwriting can be further enhanced using digital footprint data, according to a Gallagher Re report...&nbsp;</p>Mon, 14 Sep 2026 04:20:37 GMTChina invests in state-owned insurershttps://www.insurancenews.com.au/international/china-invests-in-state-owned-insurershttps://www.insurancenews.com.au/international/china-invests-in-state-owned-insurers<p>China&rsquo;s Ministry of Finance has taken a modest but significant step towards shoring up its five state-owned insurance groups, S&amp;P Global Ratings says...</p>Mon, 14 Sep 2026 04:20:26 GMTInsurers gaining ground on fraudsters, says ICAhttps://www.insurancenews.com.au/local/insurers-gaining-ground-on-fraudsters-says-icahttps://www.insurancenews.com.au/local/insurers-gaining-ground-on-fraudsters-says-ica<p>More than $100 million in losses was prevented by the Insurance Crime Intelligence Network of Australia in its second year of operation, the ICA&rsquo;s counter-fraud CEO Andrew Gill told the Sydney Claims Convention...</p>Mon, 14 Sep 2026 04:20:13 GMTMarket looks good but claims buildinghttps://www.insurancenews.com.au/local/market-looks-good-but-claims-buildinghttps://www.insurancenews.com.au/local/market-looks-good-but-claims-building<p>The Australian insurance market remains profitable but there is a risk that market softness runs ahead of emerging claims experience, warns Hall &amp; Wilcox in its Australian specialty insurance market outlook...</p>Mon, 14 Sep 2026 04:20:00 GMTProperty level intelligence to assess bushfire riskhttps://www.insurancenews.com.au/local/property-level-intelligence-to-assess-bushfire-riskhttps://www.insurancenews.com.au/local/property-level-intelligence-to-assess-bushfire-risk<p>A study of the January 2026 Victorian bushfires has found the individual characteristics of a property can affect its vulnerability...</p>Mon, 14 Sep 2026 04:19:51 GMTPI market set to stay softhttps://www.insurancenews.com.au/local/pi-market-set-to-stay-softhttps://www.insurancenews.com.au/local/pi-market-set-to-stay-soft<p>The professional indemnity market will remain subdued for the next year, with a projected softening of 5%, according to Taylor Fry...</p>Mon, 14 Sep 2026 04:19:35 GMTSea level rise 'to cause billions in damage'https://www.insurancenews.com.au/local/sea-level-rise-to-cause-billions-in-damagehttps://www.insurancenews.com.au/local/sea-level-rise-to-cause-billions-in-damage<p>Coastal flooding is expected to damage 267,000 properties and two million of hectares across the nation this century, according to the Climate Council...</p>Mon, 14 Sep 2026 04:19:15 GMTWatch out, disaster chasers are abouthttps://www.insurancenews.com.au/local/watch-out-disaster-chasers-are-abouthttps://www.insurancenews.com.au/local/watch-out-disaster-chasers-are-about<p>Ahead of the storm season, NRMA Insurance has warned people to be on the lookout for "disaster chasers" who it says have scammed 1700 customers in the past five years...</p>Mon, 14 Sep 2026 04:19:08 GMTLife insurers 'in danger of becoming irrelevant'https://www.insurancenews.com.au/life-insurance/life-insurers-in-danger-of-becoming-irrelevanthttps://www.insurancenews.com.au/life-insurance/life-insurers-in-danger-of-becoming-irrelevant<p>The life industry is failing to build &ldquo;lasting relationships&rdquo; with customers, with nearly 40% saying they rarely hear from their insurers after purchase, according to a Capgemini report...</p>Mon, 14 Sep 2026 04:18:28 GMT