insuranceNEWS.com.au - All news

Cost pressures ‘emerging’ after CTP reforms

Wed, 17 Dec 2025 05:03:16 GMT

NSW compulsory third party motor premiums are under pressure from rising claim costs and frequency, a parliamentary review has heard...

US fires, storms drive $161 billion global cat bill

Wed, 17 Dec 2025 05:03:01 GMT

Global insured losses from natural catastrophes have passed $US100 billion ($150.81 billion) for the sixth consecutive year, with US events a key driver, according to Swiss Re...

No sign of crime as AFCA probes Mustang mystery

Wed, 17 Dec 2025 05:02:46 GMT

A motor enthusiast who argued his Ford Mustang was sabotaged by another member of his car club has lost a claim dispute after the ombudsman found no evidence of a malicious act...

INsight podcast: insurance implications of Bondi attack

Wed, 17 Dec 2025 00:39:59 GMT

The devastating Bondi Beach shooting and likely insurance implications are the main items discussed on the latest edition of the Insurance News podcast...

Ministers label Bondi mass shooting a terror attack

Tue, 16 Dec 2025 05:06:49 GMT

The Bondi gun attack has been declared a terrorist incident for the purposes of the government-backed reinsurance scheme, while the Insurance Council of Australia says the industry will prioritise support...

Spring storms bill to top $1 billion, Perils says

Tue, 16 Dec 2025 05:06:38 GMT

Insured losses from October storms in Australia’s east will reach $1.11 billion, Swiss-based catastrophe data company Perils estimates...

Industry backs ‘evolving’ life code as review moves on

Tue, 16 Dec 2025 05:06:28 GMT

Life insurers have told the industry code reviewer the document must keep up with regulatory changes and consumer expectations...

AFCA orders payout after fraudster intercepts funds

Tue, 16 Dec 2025 05:06:19 GMT

A company whose overseas electronic funds transfer went to a fraudster instead of a medical devices supplier should have their loss covered, the dispute authority has ruled...

AIG lands new APAC leader

Mon, 15 Dec 2025 04:20:16 GMT

AIG has recruited Scott Leney from Everest Insurance to be regional president for Asia-Pacific, with Chris Colahan leaving the role for Chubb...

IAG to try again on RAC deal

Mon, 15 Dec 2025 04:20:09 GMT

IAG will apply to acquire RAC under a new merger assessment regime after the competition watchdog last week opposed the deal...

Jobs lost as QBE, Allianz make changes

Mon, 15 Dec 2025 04:19:46 GMT

QBE and Allianz have confirmed organisational changes affecting jobs after the Finance Sector Union flagged proposed redundancies in recent months...

SCTI names new chief

Mon, 15 Dec 2025 04:17:49 GMT

Auckland-based Southern Cross Travel Insurance has appointed Carole Tokody as CEO, effective February...

Treasury consults on PI insurance reforms

Mon, 15 Dec 2025 04:17:37 GMT

Treasury is seeking feedback on ways to “enhance the effectiveness” of professional indemnity insurance under a push to improve the Compensation Scheme of Last Resort...

Industry on hook for compo scheme funding shortfall

Mon, 15 Dec 2025 03:53:34 GMT

Insurers must shoulder a portion of the $47.3 million special levy to shore up the Compensation Scheme of Last Resort, which has suffered a blowout in Australian Financial Complaints Authority unpaid determinations...

ICA hits out at ‘overlapping’ regulations

Mon, 15 Dec 2025 03:43:25 GMT

Complying with “overlapping and expanding” regulations has come at great cost to productivity and consumer outcomes, according to the Insurance Council of Australia...

SIRA lays ground for injury scheme projects

Mon, 15 Dec 2025 03:42:49 GMT

The State Insurance Regulatory Authority says three initiatives focusing on the role of health providers in personal injury schemes will move forward next year...

State to shut cladding agency

Mon, 15 Dec 2025 03:42:41 GMT

Cladding Safety Victoria will stop operations at the end of its mission to rectify extreme- and high-risk buildings...

Victoria’s new firefighting fleet ready for take-off

Mon, 15 Dec 2025 03:42:32 GMT

The Victorian government has unveiled its new firefighting air fleet as the state prepares for this year’s elevated-risk season...

Bondi attack: insurers urged to notify terror pool of losses

Mon, 15 Dec 2025 03:41:25 GMT

The Australian Reinsurance Pool Corporation has asked insurers to let it know about potential claims related to last night’s mass shooting at Bondi Beach...

Workshop targets teamwork on ‘hard problems’ of affordability

Mon, 15 Dec 2025 03:40:59 GMT

A forum featuring a wide range of participants was held last week to drive collaborative responses to insurance affordability problems...