insuranceNEWS.com.au - All newsGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auBeefy premium: Achmea covers Australia’s most expensive bullhttps://www.insurancenews.com.au/local/beefy-premium-achmea-covers-australia-s-most-expensive-bullhttps://www.insurancenews.com.au/local/beefy-premium-achmea-covers-australia-s-most-expensive-bull<p>An 834kg bull dubbed a &ldquo;herd improver&rdquo; that sold for a record $420,000 has been insured under an Achmea stud stock policy...</p>Wed, 04 Nov 2026 05:20:39 GMTDisaster Ready Fund reveals NSW, ACT cash recipientshttps://www.insurancenews.com.au/regulatory-government/disaster-ready-fund-reveals-nsw-act-cash-recipientshttps://www.insurancenews.com.au/regulatory-government/disaster-ready-fund-reveals-nsw-act-cash-recipients<p>The Disaster Ready Fund&rsquo;s fourth round of grants will support 14 NSW projects and seven in the ACT, with combined federal and local investments across the two regions topping $100 million...</p>Wed, 04 Nov 2026 05:20:15 GMT‘Irreplaceable presence’: colleagues pay tribute to Chubb underwriterhttps://www.insurancenews.com.au/the-professional/irreplaceable-presence-colleagues-pay-tribute-to-chubb-underwriterhttps://www.insurancenews.com.au/the-professional/irreplaceable-presence-colleagues-pay-tribute-to-chubb-underwriter<p>A funeral will be held on Monday for Chubb underwriter James Balis, who died on October 23 aged 31...</p>Wed, 04 Nov 2026 05:07:48 GMTOmbudsman backs driver in fiery dispute over car claimhttps://www.insurancenews.com.au/daily/ombudsman-backs-driver-in-fiery-dispute-over-car-claimhttps://www.insurancenews.com.au/daily/ombudsman-backs-driver-in-fiery-dispute-over-car-claim<p>An insurer has been ordered to settle on a burnt-out Range Rover after failing to convince the ombudsman the claimant lied about the fire...</p>Wed, 04 Nov 2026 02:37:35 GMTINsight podcast: celebrity claims conflict in contexthttps://www.insurancenews.com.au/daily/insight-podcast-celebrity-claims-conflict-in-contexthttps://www.insurancenews.com.au/daily/insight-podcast-celebrity-claims-conflict-in-context<p>A celebrity YouTube show that criticised insurer claims handling is the first topic discussed on the latest Insurance News podcast...</p>Wed, 04 Nov 2026 01:03:29 GMTQBE names next Pacific chiefhttps://www.insurancenews.com.au/corporate/qbe-names-next-pacific-chiefhttps://www.insurancenews.com.au/corporate/qbe-names-next-pacific-chief<p>Leanne Nel will become QBE Pacific CEO and MD, taking over from Jonathan Groves after he was promoted to a wider regional role...</p>Tue, 03 Nov 2026 04:58:05 GMTClaims inflation ‘at odds’ with soft pricinghttps://www.insurancenews.com.au/local/claims-inflation-at-odds-with-soft-pricinghttps://www.insurancenews.com.au/local/claims-inflation-at-odds-with-soft-pricing<p>Claim cost pressure is a key concern in the Australian market as insurers &ldquo;aggressively&rdquo; pursue business in a soft pricing environment, Aon says...</p>Tue, 03 Nov 2026 04:57:57 GMTAon national leader to join Allianz as distribution headhttps://www.insurancenews.com.au/corporate/aon-national-leader-to-join-allianz-as-distribution-headhttps://www.insurancenews.com.au/corporate/aon-national-leader-to-join-allianz-as-distribution-head<p>Allianz Australia says Alison Smith will join in January as GM for distribution...</p>Tue, 03 Nov 2026 04:57:40 GMTSmall business cyber cover now cheaper and easier to buy, MPs hearhttps://www.insurancenews.com.au/regulatory-government/small-business-cyber-cover-now-cheaper-and-easier-to-buy-mps-hearhttps://www.insurancenews.com.au/regulatory-government/small-business-cyber-cover-now-cheaper-and-easier-to-buy-mps-hear<p>Cyber cover prices are falling and insurers are trying to ease the buying process for SMEs to encourage take-up, industry figures have told a parliamentary inquiry...</p>Tue, 03 Nov 2026 04:56:57 GMTMotorist’s ‘unknown’ convictions claim fails to persuade AFCAhttps://www.insurancenews.com.au/daily/motorist-s-unknown-convictions-claim-fails-to-persuade-afcahttps://www.insurancenews.com.au/daily/motorist-s-unknown-convictions-claim-fails-to-persuade-afca<p>An insurer was right to reject a car theft claim after its policyholder failed to mention two criminal convictions when renewing his cover, the industry ombudsman says...</p>Tue, 03 Nov 2026 04:56:41 GMTMunich Re Specialty launches in Australiahttps://www.insurancenews.com.au/corporate/munich-re-specialty-launches-in-australiahttps://www.insurancenews.com.au/corporate/munich-re-specialty-launches-in-australia<p>Munich Re Specialty has announced its formal entry into the local market with a focus across property, construction and engineering, mining and surety...</p>Mon, 02 Nov 2026 04:18:40 GMTIntermediaries well placed despite ‘end of era’https://www.insurancenews.com.au/local/intermediaries-well-placed-despite-end-of-erahttps://www.insurancenews.com.au/local/intermediaries-well-placed-despite-end-of-era<p>A Macquarie Bank survey of brokers and underwriting agencies has found more than half achieved net profit margins above 30% last year, although the &ldquo;golden era&rdquo; of abundant growth may be coming to an end...</p>Mon, 02 Nov 2026 03:39:14 GMTHot spell forecast as IOD turns positivehttps://www.insurancenews.com.au/local/hot-spell-forecast-as-iod-turns-positivehttps://www.insurancenews.com.au/local/hot-spell-forecast-as-iod-turns-positive<p>An Indian Ocean climate driver has moved into positive territory, potentially reinforcing the influence of a strengthening El Nino, and the Bureau of Meteorology&rsquo;s three-month outlook shows above-average maximum temperatures are very likely across almost all of Australia...</p>Mon, 02 Nov 2026 03:38:59 GMTAustralia a ‘standout’ for climate threat to insurershttps://www.insurancenews.com.au/local/australia-a-standout-for-climate-threat-to-insurershttps://www.insurancenews.com.au/local/australia-a-standout-for-climate-threat-to-insurers<p>Australian insurers face increased weather exposure as climate risks intensify, according to a Moody&rsquo;s Ratings regional report...</p>Mon, 02 Nov 2026 03:38:51 GMTEmployers ‘failing to act’ as workers feel mental strainhttps://www.insurancenews.com.au/local/employers-failing-to-act-as-workers-feel-mental-strainhttps://www.insurancenews.com.au/local/employers-failing-to-act-as-workers-feel-mental-strain<p>Nearly half of Australian workers would accept a pay cut for a job that was better for their mental health, a survey by claims manager EML has found...</p>Mon, 02 Nov 2026 03:38:34 GMTTax-free ACT takes top spot in duty rankinghttps://www.insurancenews.com.au/regulatory-government/tax-free-act-takes-top-spot-in-duty-rankinghttps://www.insurancenews.com.au/regulatory-government/tax-free-act-takes-top-spot-in-duty-ranking<p>The ACT tops a Business Council of Australia ranking of the lowest insurance duties &ndash; because it has none...</p>Mon, 02 Nov 2026 03:31:24 GMTWorker sentenced over ‘serious’ compo scamhttps://www.insurancenews.com.au/regulatory-government/worker-sentenced-over-serious-compo-scamhttps://www.insurancenews.com.au/regulatory-government/worker-sentenced-over-serious-compo-scam<p>A workers&rsquo; compensation claimant has been convicted after making false statements to the NSW scheme and working while collecting weekly benefits...</p>Mon, 02 Nov 2026 03:31:12 GMTWatchdog extends RAC takeover reviewhttps://www.insurancenews.com.au/regulatory-government/watchdog-extends-rac-takeover-reviewhttps://www.insurancenews.com.au/regulatory-government/watchdog-extends-rac-takeover-review<p>The Australian Competition and Consumer Commission has extended a deadline for deciding if IAG&rsquo;s proposed takeover of RAC Insurance meets a public benefit test...</p>Mon, 02 Nov 2026 03:31:04 GMTBondi a ‘solemn reminder’ as pool reflects on yearhttps://www.insurancenews.com.au/regulatory-government/bondi-a-solemn-reminder-as-pool-reflects-on-yearhttps://www.insurancenews.com.au/regulatory-government/bondi-a-solemn-reminder-as-pool-reflects-on-year<p>Two terrorism incidents were declared last financial year and the cyclone pool had its busiest season with nine events, the Australian Reinsurance Pool Corporation annual report says...</p>Mon, 02 Nov 2026 03:30:39 GMTWorkers’ comp survey deadline extendedhttps://www.insurancenews.com.au/regulatory-government/workers-comp-survey-deadline-extendedhttps://www.insurancenews.com.au/regulatory-government/workers-comp-survey-deadline-extended<p>The NSW government has extended the consultation period for its review of workers&rsquo; compensation premiums...</p>Mon, 02 Nov 2026 03:30:06 GMT