insuranceNEWS.com.au - Daily

Gallagher Re local head to take Allianz position

Thu, 18 Dec 2025 05:31:49 GMT

Allianz Australia head of reinsurance Michael Crouch will leave the company next year, with the role to be filled by Gallagher Re’s local CEO Heather Bone...

Steadfast’s people chief to leave

Thu, 18 Dec 2025 05:31:03 GMT

Steadfast Group chief people officer Ferzana Yale will depart the business after 16 months in the role...

No sentence reduction for man who hired kids to torch home

Thu, 18 Dec 2025 05:30:28 GMT

A fraudster who burnt down his property for an insurance payout has lost his bid for a reduced jail sentence...

Car theft victim loses battle over ‘unjust’ deductions

Thu, 18 Dec 2025 05:30:13 GMT

A company has failed to overturn insurer deductions including unpaid premium after its vehicle was stolen six days into an annual policy...

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...

Lockton wants block on Aviso hires over non-compete clauses

Fri, 12 Dec 2025 05:15:21 GMT

Lockton has taken court action to stop two managers joining rival broking company Aviso or soliciting other staff or clients until September next year...

Brokerage director faces drug supply charges

Fri, 12 Dec 2025 05:11:06 GMT

The director of a Sydney brokerage that was sprayed with bullets earlier this year has been charged with drugs and fraud offences...

Review finds ‘limited’ awareness of legacy IT risk

Fri, 12 Dec 2025 05:09:28 GMT

A reliance on legacy IT systems is among weak spots identified in a review of 10 New Zealand insurers and 10 deposit-takers by the nation’s Financial Markets Authority...

Insurer ordered to fit genuine car part amid safety fears

Fri, 12 Dec 2025 05:09:09 GMT

The industry ombudsman has told Insurance Manufacturers of Australia to replace a car windscreen with an approved part instead of a cheaper aftermarket version...

State MPs break deadlock on workers’ comp reforms

Thu, 11 Dec 2025 05:37:10 GMT

The NSW government and opposition have agreed on workers’ compensation reforms targeting psychological injuries that will allow stalled legislation to pass parliament next year...

Special claws: motor accident scheme covers pet care

Thu, 11 Dec 2025 05:37:01 GMT

The cost of caring for pets can be covered by motor injury benefits, the NSW Supreme Court has ruled, in a case likely to set a legal precedent...

Cybersecurity confidence easily shattered, Marsh says

Thu, 11 Dec 2025 05:26:14 GMT

Marsh has warned against overconfidence after a survey found three-quarters of companies have a high level of faith in their digital risk management strategies...

No theft payout for victim of ‘duplicitous’ house guest

Thu, 11 Dec 2025 05:25:50 GMT

A theft victim who was distracted by a female guest while a man stole $31,400 worth of items from his home will not be covered for the loss because he invited the woman onto his property...