insuranceNEWS.com.au - Daily

QBE reports $1.5 billion H1 profit

Fri, 14 Aug 2026 06:30:43 GMT

QBE has reported a $US1.033 billion ($1.464 billion) first-half net profit and premium gains in line with its outlook, as the company flags opportunities to leverage its global breadth in areas including reinsurance and broking relationships...

ANZIIF honours ‘remarkable’ Wedlock with posthumous award

Fri, 14 Aug 2026 06:30:34 GMT

Broking leader Tim Wedlock, who died in a road accident in the US, has been given a posthumous lifetime achievement award by the Australian and New Zealand Institute of Insurance and Finance...

SIRA names new CEO

Fri, 14 Aug 2026 06:30:01 GMT

NSW’s State Insurance Regulatory Authority has appointed Megan Main as CEO, replacing Mandy Young, who departed in May...

‘Don’t call AFCA’: dispute ruling reveals mystery phone ‘threat’

Fri, 14 Aug 2026 06:12:40 GMT

Auto & General has been ordered to pay compensation after an ombudsman’s investigation of a motor claim uncovered a mysterious phone call telling a customer: “Don’t call AFCA”...

IAG retail premium grows as commercial arm lags

Thu, 13 Aug 2026 06:15:15 GMT

IAG expects tough market conditions to continue for its intermediated business this year and is accelerating a technology overhaul to enhance performance, while its retail operations are tipped to drive premium gains...

Regulator backs Ambrose builder buyout

Thu, 13 Aug 2026 06:15:05 GMT

Ambrose Construct Group can proceed with its acquisition of Major Loss Builders after the competition regulator deemed the deal unlikely to affect the supply of insurance repair and restoration work...

Final call for feedback under state’s CTP review

Thu, 13 Aug 2026 06:14:53 GMT

Consultation on the NSW compulsory third party motor insurance scheme closes next Monday...

Ombudsman sides with insurer after crooks make off with copper

Thu, 13 Aug 2026 06:14:39 GMT

Rolls of copper wire that were stolen from a house are not covered under an additional benefit for unfixed home building materials, the Australian Financial Complaints Authority has found...

Natural hazards hit Suncorp earnings

Wed, 12 Aug 2026 06:20:16 GMT

Suncorp has signalled a need to “get ahead” of claims inflation after reporting a drop in full-year earnings, driven partly by a blowout in natural hazard costs...

Business MD to leave QBE after ‘period of transformation’

Wed, 12 Aug 2026 06:18:49 GMT

QBE Australia’s business MD Elliot Hill is departing the insurer after seven years...

Payout bid flops after stud bull loses its mojo

Wed, 12 Aug 2026 04:43:13 GMT

The owner of a bull that suffered a drop-off in its breeding ability after being sold has lost a claim dispute...

INsight podcast: market trends and TasInsure’s latest twist

Wed, 12 Aug 2026 04:33:56 GMT

Aon’s latest assessment of the market is the first item discussed on this week’s Insurance News podcast...

Car cover pricing disclosure leaves customers ‘in the dark’

Tue, 11 Aug 2026 06:34:55 GMT

A review of motor premium disclosure practices has found no insurers detailed “key factors” driving up prices in quote and renewal documents, the corporate regulator says...

Ombudsman lashes insurers, brokers over draft code failings

Tue, 11 Aug 2026 06:34:43 GMT

The industry ombudsman says the insurers’ draft code of practice hollows out commitments and undermines oversight, while brokers face a “final chance” to improve remuneration disclosure before risking government intervention...

Helia takes hit as LMI demand drops off

Tue, 11 Aug 2026 06:33:49 GMT

Helia says the Australian lenders’ mortgage insurance market’s gross written premium fell 14% in the first three months of the year even as high loan to value ratio mortgage numbers grew by a quarter compared with a year earlier...

A ‘microsleep’, a miner crash and the major failure that wrecked driver’s claim

Tue, 11 Aug 2026 06:23:07 GMT

A driver who smashed into a tree and left the scene before police arrived has lost a claim dispute...

‘Court isn’t a claims handler’: judges reject class action over BI row

Fri, 07 Aug 2026 06:37:03 GMT

Federal Court appeal judges have ruled covid-related business interruption claims involving QBE and Lloyd’s policyholders should not be heard as a class action, leaving the individual matters to the insurers...

Code committee warns of threat to broker self-regulation

Fri, 07 Aug 2026 06:33:58 GMT

The broking code compliance committee has warned the continued legitimacy of self-regulation depends on the industry’s willingness to ensure its code of practice is an effective tool for consumer protection and accountability...

Aon Australia overhauls exec roles

Fri, 07 Aug 2026 06:19:27 GMT

Aon has made changes across its Australian executive leadership team, as it moves to deepen its client focus and increase connectivity across the business...

Insurer not to blame as jewel theft victim misses gold-standard cover

Fri, 07 Aug 2026 06:15:31 GMT

Allianz had no obligation to tell a customer a new version of its home insurance offered greater coverage before jewellery worth almost $57,000 was stolen, the industry ombudsman says...