insuranceNEWS.com.au - Daily

Suncorp steps up reinsurance protection

Fri, 24 Apr 2026 06:23:26 GMT

Suncorp says it has taken advantage of improved reinsurance market conditions to boost its cover with an aggregate arrangement providing $800 million of protection annually, up to a total of $2.4 billion across five years...

Are rate reductions rational? Watch market outlook webinar

Fri, 24 Apr 2026 06:22:59 GMT

Signs of irrationality are appearing in a “deeply softening” market and it’s hard to see how current trends in the most impacted sectors can continue, according to experts from Finity...

Willis names leader for Pacific natural resources push

Fri, 24 Apr 2026 05:31:18 GMT

Willis’ Queensland manager Scott Kirkwood has been promoted to Pacific head of natural resources, replacing Matt Frost following his retirement...

Past catches up with driver as cover cancelled

Fri, 24 Apr 2026 05:31:11 GMT

A Porsche owner has lost his bid for a damage payout because he failed to disclose driving offences that would have made him uninsurable...

Industry books ‘solid’ 2025 profit despite weather toll

Thu, 23 Apr 2026 06:28:29 GMT

Premium increases helped the general insurance industry make a profit after tax of $5.2 billion last calendar year, KPMG says today in an annual review...

Code update talks continue in ‘complex’ process

Thu, 23 Apr 2026 05:51:22 GMT

The Insurance Council of Australia is still consulting on its code of practice redraft, as consumers await a document that will deliver improvements in response to recommendations delivered more than a year ago...

Business or leisure? AFCA decides in drug damage case

Thu, 23 Apr 2026 05:50:37 GMT

A landlord has lost a bid to have methamphetamine damage in her property covered after the complaints authority found her policy did not respond to contamination from recreational drug use...

PSC makes ‘strategic appointment’ for trade credit expansion

Thu, 23 Apr 2026 05:50:02 GMT

Sydney-based James Thornberry has been appointed head of trade credit and surety at PSC Insurance Brokers...

Australian rates slide maintains pace

Wed, 22 Apr 2026 06:21:15 GMT

Commercial pricing fell 12% in the Australia-dominated Pacific region in the first quarter, matching the preceding period’s decline, the latest Marsh market index shows...

Watchdog weighs ICA’s pitch on standardised terms

Wed, 22 Apr 2026 06:21:02 GMT

The competition regulator will deliver a draft decision mid-year on proposed home insurance standard definitions for “wear and tear” and “reasonable steps to maintain”, amid concerns about lack of clarity...

Comma police: AFCA puts full stop to motorbike claim

Wed, 22 Apr 2026 06:19:58 GMT

A claimant who argued his stolen motorbike should be covered under his home and contents policy has lost a dispute that centred on an insurance document’s use of punctuation...

INsight podcast: what’s driving EV uptake surge?

Wed, 22 Apr 2026 04:34:39 GMT

A sharp rise in electric vehicle interest is on insurers’ radar, and it’s the first item discussed on the latest Insurance News podcast...

‘Jewel robbery’ swindler cleared of violent crimes

Tue, 21 Apr 2026 06:10:01 GMT

Celebrity jeweller Michel Germani will be sentenced next month for staging a robbery to commit insurance fraud – but he has avoided more serious criminal convictions...

Failing market harms children, scout leaders say

Tue, 21 Apr 2026 06:09:17 GMT

Scouts Australia warns systemic insurance market failure is forcing the closure of outdoor programs that build resilience, wellbeing and social skills, “threatening an entire generation” of children...

Queensland bears brunt as wild weather losses surge

Tue, 21 Apr 2026 06:08:48 GMT

Extreme weather led to 294,000 claims and $4.8 billion in insured losses last year, up from $585 million in 2024, a new Insurance Council of Australia analysis shows...

Train passenger right to leave bag unattended, AFCA finds

Tue, 21 Apr 2026 06:08:25 GMT

HDI Global Specialty has been ordered to cover a traveller for luggage stolen during a train journey after the complaints authority found she could not be blamed for leaving the bag in a designated storage area...

‘Stronger together’: Steadfast open to more mergers

Fri, 17 Apr 2026 05:59:56 GMT

Steadfast says it will “continue reviewing” options to bring more of its brokers and underwriting agencies together – but stresses such mergers are often driven by the businesses themselves...

Pemba-linked premium funder brings in group chief

Fri, 17 Apr 2026 05:52:32 GMT

Premium funding specialist Bravas has appointed James Woodhams as group CEO...

Agile makes underwriting leadership changes

Fri, 17 Apr 2026 05:52:14 GMT

Agile Insurance Group says its Lloyd’s Syndicate 2427 active underwriter Mark Hunt has become group chief underwriting officer...

Owner loses claim dispute after pet put down

Fri, 17 Apr 2026 05:49:38 GMT

The complaints authority has allowed Petsure to reject a claim for $30,176 in medical costs after a puppy suffered seizures and had to be euthanised...