insuranceNEWS.com.au - All newsGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auAI elevates tech risk for business leaders, study showshttps://www.insurancenews.com.au/daily/ai-elevates-tech-risk-for-business-leaders-study-showshttps://www.insurancenews.com.au/daily/ai-elevates-tech-risk-for-business-leaders-study-shows<p>The rise of artificial intelligence has led to technology risk consuming businesses across governance, regulation and reputation, according to a report from Clyde &amp; Co...</p>Fri, 26 Jun 2026 06:03:41 GMTStadium car park tumble not job-relatedhttps://www.insurancenews.com.au/daily/stadium-car-park-tumble-not-job-relatedhttps://www.insurancenews.com.au/daily/stadium-car-park-tumble-not-job-related<p>A security company was not responsible for a staff member&rsquo;s injuries suffered in a slip while walking from a car park to work, the Victorian Supreme Court has ruled...</p>Fri, 26 Jun 2026 06:03:30 GMT‘Relief for businesses’ as state holds workers’ comp premiumshttps://www.insurancenews.com.au/daily/relief-for-businesses-as-state-holds-workers-comp-premiumshttps://www.insurancenews.com.au/daily/relief-for-businesses-as-state-holds-workers-comp-premiums<p>Queensland has frozen WorkCover premiums for the second year in a row and pledged a continued crackdown on workers&rsquo; compensation fraudsters...</p>Fri, 26 Jun 2026 06:03:13 GMTFridge owner’s breakdown claim meets frosty receptionhttps://www.insurancenews.com.au/daily/fridge-owner-s-breakdown-claim-meets-frosty-receptionhttps://www.insurancenews.com.au/daily/fridge-owner-s-breakdown-claim-meets-frosty-reception<p>A business policyholder has lost a claim dispute with Guild Insurance after it declined to settle his claim for a faulty vaccine fridge...</p>Fri, 26 Jun 2026 06:03:03 GMTCyclone pool cuts prices, but misses on capacity growthhttps://www.insurancenews.com.au/daily/cyclone-pool-cuts-prices-but-misses-on-capacity-growthhttps://www.insurancenews.com.au/daily/cyclone-pool-cuts-prices-but-misses-on-capacity-growth<p>The cyclone reinsurance pool has helped to ease premium pressure in high-risk areas of northern Australia but failed to attract new insurers to the region, according to the competition watchdog...</p>Thu, 25 Jun 2026 05:47:52 GMTLiberty veteran Abdallah to retire with ‘fitting legacy’https://www.insurancenews.com.au/daily/liberty-veteran-abdallah-to-retire-with-fitting-legacyhttps://www.insurancenews.com.au/daily/liberty-veteran-abdallah-to-retire-with-fitting-legacy<p>Liberty International Insurance chief underwriting officer for Asia-Pacific Mike Abdallah will retire at the end of September...</p>Thu, 25 Jun 2026 05:47:40 GMTExperts group backs greater clarity in draft codehttps://www.insurancenews.com.au/daily/experts-group-backs-greater-clarity-in-draft-codehttps://www.insurancenews.com.au/daily/experts-group-backs-greater-clarity-in-draft-code<p>The Association of Insurance Building &amp; Engineering Consultants says draft changes to the general insurance code of practice relating to claims handling are moving in the right direction and provide more clarity around roles...</p>Thu, 25 Jun 2026 05:47:29 GMTInsurer told to fix cancer patient’s home after mould takes overhttps://www.insurancenews.com.au/daily/insurer-told-to-fix-cancer-patient-s-home-after-mould-takes-overhttps://www.insurancenews.com.au/daily/insurer-told-to-fix-cancer-patient-s-home-after-mould-takes-over<p>A terminally ill man whose home became uninhabitable because of mould has won a claim dispute with Allianz, which has been ordered to fix his house or make a cash settlement...</p>Thu, 25 Jun 2026 05:47:19 GMTPSC invests in transport specialisthttps://www.insurancenews.com.au/the-broker/psc-invests-in-transport-specialisthttps://www.insurancenews.com.au/the-broker/psc-invests-in-transport-specialist<p>PSC Insurance Brokers says it is &ldquo;well positioned&rdquo; for growth in the transport market after buying MA Insurance Brokers...</p>Thu, 25 Jun 2026 02:11:59 GMTClean energy cover softens but ‘not a simple buyers’ market’https://www.insurancenews.com.au/the-broker/clean-energy-cover-softens-but-not-a-simple-buyers-markethttps://www.insurancenews.com.au/the-broker/clean-energy-cover-softens-but-not-a-simple-buyers-market<p>The renewable energy insurance market is softening, with most placements oversubscribed and competition driving down rates, according to a Willis report...</p>Thu, 25 Jun 2026 02:11:33 GMTStolen tools fall under portable payout cap, AFCA findshttps://www.insurancenews.com.au/the-broker/stolen-tools-fall-under-portable-payout-cap-afca-findshttps://www.insurancenews.com.au/the-broker/stolen-tools-fall-under-portable-payout-cap-afca-finds<p>A business has failed to win an increased payout for tools and a trailer stolen from a worksite after the industry ombudsman backed QBE&rsquo;s claim handling...</p>Thu, 25 Jun 2026 02:11:20 GMTDelta’s Sunrise move ‘meets brokers where they want to trade’https://www.insurancenews.com.au/the-broker/delta-s-sunrise-move-meets-brokers-where-they-want-to-tradehttps://www.insurancenews.com.au/the-broker/delta-s-sunrise-move-meets-brokers-where-they-want-to-trade<p>Delta Insurance is offering cover on Ebix Australia&rsquo;s Sunrise Exchange for the first time...</p>Thu, 25 Jun 2026 02:11:07 GMT‘Big day’ for Morgan as brokerage secures own licencehttps://www.insurancenews.com.au/the-broker/big-day-for-morgan-as-brokerage-secures-own-licencehttps://www.insurancenews.com.au/the-broker/big-day-for-morgan-as-brokerage-secures-own-licence<p>Morgan Insurance Brokers has started operating under its own Australian financial services licence...</p>Thu, 25 Jun 2026 02:10:55 GMTHaven adds liability to product line-uphttps://www.insurancenews.com.au/the-broker/haven-adds-liability-to-product-line-uphttps://www.insurancenews.com.au/the-broker/haven-adds-liability-to-product-line-up<p>Haven Underwriting has started offering liability cover backed by capacity from Mitsui Sumitomo Insurance...</p>Thu, 25 Jun 2026 02:10:44 GMTMcLardy McShane endorses Cova AR toolhttps://www.insurancenews.com.au/the-broker/mc-lardy-mc-shane-endorses-cova-ar-toolhttps://www.insurancenews.com.au/the-broker/mc-lardy-mc-shane-endorses-cova-ar-tool<p>Insurtech Cova&rsquo;s broking platform will be recommended to McLardy McShane Group authorised representatives nationwide...</p>Thu, 25 Jun 2026 02:10:33 GMTNIBA Convention provides ‘unique opportunity’ for rising starshttps://www.insurancenews.com.au/the-broker/niba-convention-provides-unique-opportunity-for-rising-starshttps://www.insurancenews.com.au/the-broker/niba-convention-provides-unique-opportunity-for-rising-stars<p>The next generation of leaders can attend a tailored program of professional development opportunities at the upcoming National Insurance Brokers Association conference...</p>Thu, 25 Jun 2026 02:05:45 GMT‘Super disappointing’: code redraft falls flat with consumer championshttps://www.insurancenews.com.au/daily/super-disappointing-code-redraft-falls-flat-with-consumer-championshttps://www.insurancenews.com.au/daily/super-disappointing-code-redraft-falls-flat-with-consumer-champions<p>The redrafted insurance code of practice doubles the penalty for breaches to $200,000 and targets claims processes that last more than a year, but consumer groups say it falls short of expectations and fails to address inquiry recommendations...</p>Wed, 24 Jun 2026 06:22:44 GMTEncryption-busting Q-Day moving closer: APRAhttps://www.insurancenews.com.au/daily/encryption-busting-q-day-moving-closer-aprahttps://www.insurancenews.com.au/daily/encryption-busting-q-day-moving-closer-apra<p>Insurers must urgently respond to threats posed by frontier AI and encryption-breaking quantum computers, the Australian Prudential Regulation Authority has warned...</p>Wed, 24 Jun 2026 06:22:38 GMTInsurer told to lift payout, compensation to ‘devastated’ familyhttps://www.insurancenews.com.au/daily/insurer-told-to-lift-payout-compensation-to-devastated-familyhttps://www.insurancenews.com.au/daily/insurer-told-to-lift-payout-compensation-to-devastated-family<p>A family has won a substantial payout and compensation for claim handling errors after home insurer Youi failed for seven months to record that one of their children was disabled or to allocate a priority assistance team...</p>Wed, 24 Jun 2026 06:22:31 GMTINsight podcast: IAG’s modular movehttps://www.insurancenews.com.au/daily/insight-podcast-iag-s-modular-movehttps://www.insurancenews.com.au/daily/insight-podcast-iag-s-modular-move<p>IAG&rsquo;s investment in a modular home builder and its implications for disaster recovery are the first issues discussed on the latest episode of the Insurance News podcast...</p>Wed, 24 Jun 2026 06:21:26 GMT