insuranceNEWS.com.au - All newsGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auWatchdog promises report as Netstrata probe continueshttps://www.insurancenews.com.au/daily/watchdog-promises-report-as-netstrata-probe-continueshttps://www.insurancenews.com.au/daily/watchdog-promises-report-as-netstrata-probe-continues<p>NSW Fair Trading says it continues to investigate complaints about Netstrata and will consider regulatory action if breaches are identified...</p>Tue, 28 Jan 2025 05:23:02 GMTVilla owners ordered to prove their worth in Debbie repair row https://www.insurancenews.com.au/daily/villa-owners-ordered-to-prove-their-worth-in-debbie-repair-rowhttps://www.insurancenews.com.au/daily/villa-owners-ordered-to-prove-their-worth-in-debbie-repair-row<p>The administrator of a luxury villa complex in Queensland has been ordered to raise more than $1.3 million as security for its lawsuit against an insurer and builder over allegedly substandard repairs conducted following Cyclone Debbie in 2017...</p>Tue, 28 Jan 2025 05:00:53 GMTNZ town in ‘massive’ clean-up after tornado hitshttps://www.insurancenews.com.au/daily/nz-town-in-massive-clean-up-after-tornado-hitshttps://www.insurancenews.com.au/daily/nz-town-in-massive-clean-up-after-tornado-hits<p>The New Zealand town of Mangawhai was today cleaning up after a tornado damaged homes, knocked over power poles and sent debris flying at the weekend...</p>Tue, 28 Jan 2025 04:57:20 GMTPhone-distracted driver overturns reckless driving decisionhttps://www.insurancenews.com.au/daily/phone-distracted-driver-overturns-reckless-driving-decisionhttps://www.insurancenews.com.au/daily/phone-distracted-driver-overturns-reckless-driving-decision<p>A driver who crashed into a fence during a mental health episode will be covered for his losses after the dispute authority rejected his insurer&rsquo;s application of a reckless driving exclusion...</p>Tue, 28 Jan 2025 04:56:11 GMT‘Serious breaches’: CTP regulator sanctions NRMA Insurancehttps://www.insurancenews.com.au/daily/serious-breaches-ctp-regulator-sanctions-nrma-insurancehttps://www.insurancenews.com.au/daily/serious-breaches-ctp-regulator-sanctions-nrma-insurance<p>NSW&rsquo;s State Insurance Regulatory Authority has issued a $10,000 civil penalty to IAG over compulsory third party breaches...</p>Fri, 24 Jan 2025 05:35:26 GMTTerritory to examine insurance cost impactshttps://www.insurancenews.com.au/daily/territory-to-examine-insurance-cost-impactshttps://www.insurancenews.com.au/daily/territory-to-examine-insurance-cost-impacts<p>An ACT inquiry into insurance costs will consider the effect of rising premiums on business and community organisations...</p>Fri, 24 Jan 2025 05:30:14 GMTTower appoints financial chief as interim CEOhttps://www.insurancenews.com.au/daily/tower-appoints-financial-chief-as-interim-ceohttps://www.insurancenews.com.au/daily/tower-appoints-financial-chief-as-interim-ceo<p>New Zealand insurer Tower says CFO Paul Johnston will become interim CEO next month when Blair Turnbull leaves the business...</p>Fri, 24 Jan 2025 05:27:13 GMTLandlord wins dispute over damage at ‘empty’ bank branchhttps://www.insurancenews.com.au/daily/landlord-wins-dispute-over-damage-at-empty-bank-branchhttps://www.insurancenews.com.au/daily/landlord-wins-dispute-over-damage-at-empty-bank-branch<p>A property owner has won a water leak payout after challenging his insurer&rsquo;s assertion that his leased site was unoccupied for more than 20 months...</p>Fri, 24 Jan 2025 05:24:52 GMTCCI outlines progress on wind-down, divestmenthttps://www.insurancenews.com.au/daily/cci-outlines-progress-on-wind-down-divestmenthttps://www.insurancenews.com.au/daily/cci-outlines-progress-on-wind-down-divestment<p>Catholic Church Insurance, which entered run-off nearly two years ago, has been winding down its operations and divesting assets in a careful scale-down of the company, its latest annual report says...</p>Thu, 23 Jan 2025 05:03:31 GMTACT launches strata inquiry with call for submissionshttps://www.insurancenews.com.au/daily/act-launches-strata-inquiry-with-call-for-submissionshttps://www.insurancenews.com.au/daily/act-launches-strata-inquiry-with-call-for-submissions<p>An ACT Legislative Assembly committee has started an inquiry into the management of strata properties, amid expectations more residents will live in high-density housing...</p>Thu, 23 Jan 2025 04:58:48 GMTMcLardy McShane takes ‘exciting step’ into Queenslandhttps://www.insurancenews.com.au/daily/mc-lardy-mc-shane-takes-exciting-step-into-queenslandhttps://www.insurancenews.com.au/daily/mc-lardy-mc-shane-takes-exciting-step-into-queensland<p>National broker McLardy McShane has opened its first Queensland joint venture after acquiring former authorised representative Dixon Insurance Services last month...</p>Thu, 23 Jan 2025 04:58:23 GMTWorker wins disability payout over hearing aid problemhttps://www.insurancenews.com.au/daily/worker-wins-disability-payout-over-hearing-aid-problemhttps://www.insurancenews.com.au/daily/worker-wins-disability-payout-over-hearing-aid-problem<p>A self-employed carpet layer who said he could not work because sweat interfered with his hearing aids has won an income protection claim dispute...</p>Thu, 23 Jan 2025 03:33:06 GMTWarning on AI limitations as industry tech take-up accelerateshttps://www.insurancenews.com.au/daily/warning-on-ai-limitations-as-industry-tech-take-up-accelerateshttps://www.insurancenews.com.au/daily/warning-on-ai-limitations-as-industry-tech-take-up-accelerates<p>The industry is on a digital transformation drive, investing in artificial intelligence and other tech to lift efficiency and comply with evolving regulations, global researcher Information Services Group says in a new report...</p>Wed, 22 Jan 2025 05:34:02 GMTSign up for Outlook 2025 and access exclusive market reporthttps://www.insurancenews.com.au/daily/sign-up-for-outlook-2025-and-access-exclusive-market-reporthttps://www.insurancenews.com.au/daily/sign-up-for-outlook-2025-and-access-exclusive-market-report<p>Attendees at the upcoming Insurance News Outlook 2025 conference will gain access to an exclusive report outlining the latest trends as the market continues to move into a softening phase...</p>Wed, 22 Jan 2025 05:33:48 GMTDisaster Ready Fund launches third round of grantshttps://www.insurancenews.com.au/daily/disaster-ready-fund-launches-third-round-of-grantshttps://www.insurancenews.com.au/daily/disaster-ready-fund-launches-third-round-of-grants<p>The federal government has opened the third round of its Disaster Ready Fund, which commits $200 million a year to mitigation projects, matched by states and territories...</p>Wed, 22 Jan 2025 05:25:31 GMTInsurer ordered to say sorry over policy cancellationhttps://www.insurancenews.com.au/daily/insurer-ordered-to-say-sorry-over-claim-rejectionhttps://www.insurancenews.com.au/daily/insurer-ordered-to-say-sorry-over-claim-rejection<p>Auto &amp; General has been told to apologise and pay $2000 compensation to a property owner after it inadequately investigated his storm damage claim before initially denying cover and cancelling his policy...</p>Wed, 22 Jan 2025 02:49:19 GMTCyclone turns away from Pilbara after record rainfallhttps://www.insurancenews.com.au/daily/cyclone-turns-away-from-pilbara-after-record-rainfallhttps://www.insurancenews.com.au/daily/cyclone-turns-away-from-pilbara-after-record-rainfall<p>Cyclone Sean was today tracking away from the WA coastline after reaching category 4 intensity and bringing record rainfall to Karratha...</p>Tue, 21 Jan 2025 05:09:23 GMTLandslides ‘rarely covered’ unless triggered by stormshttps://www.insurancenews.com.au/daily/landslides-rarely-covered-unless-triggered-by-stormshttps://www.insurancenews.com.au/daily/landslides-rarely-covered-unless-triggered-by-storms<p>A claims expert says landslides are not usually covered by Australian home policies unless they are caused by storms, as authorities continue to investigate a significant incident on Victoria&rsquo;s Mornington Peninsula that destroyed a $2 million property...</p>Tue, 21 Jan 2025 05:09:14 GMT‘Fear and confusion’ cloud cyber decisionshttps://www.insurancenews.com.au/daily/fear-and-confusion-cloud-cyber-decisionshttps://www.insurancenews.com.au/daily/fear-and-confusion-cloud-cyber-decisions<p>About 38% of Australian and New Zealand businesses have trouble figuring out their cyber insurance needs, according to a survey by IT security specialist Arctic Wolf...</p>Tue, 21 Jan 2025 05:09:04 GMTAFCA backs travel insurer in dispute over cancer deathhttps://www.insurancenews.com.au/daily/afca-backs-travel-insurer-in-dispute-over-cancer-deathhttps://www.insurancenews.com.au/daily/afca-backs-travel-insurer-in-dispute-over-cancer-death<p>A travel policyholder who had to cut short a holiday to be with his dying sister-in-law has lost his bid for a payout...</p>Tue, 21 Jan 2025 05:08:57 GMT