insuranceNEWS.com.au - Daily

APRA stats: underwriting holds up, investments drop

Fri, 28 Feb 2025 04:58:29 GMT

The general insurance industry after-tax profit declined to $1.72 billion in the December quarter from $2.08 billion in the September period amid a drop in investments, while the householders class posted a third straight quarter in positive territory, prudential data shows...

ICA heads to Ingham, but minister’s roundtable cancelled

Fri, 28 Feb 2025 04:53:21 GMT

The Insurance Council of Australia will host a community information evening in Ingham, Queensland, following significant floods in the region last month...

Suncorp to settle add-on sales class action

Fri, 28 Feb 2025 04:48:53 GMT

Suncorp has agreed to settle a class action launched four years ago in the Victorian Supreme Court related to add-on insurance sales through car dealerships...

Insurance News conference examines future of technology, broking and risk

Fri, 28 Feb 2025 02:51:39 GMT

A panel discussion at the upcoming Insurance News Outlook 2025 Conference will explore the industry’s future – through the views of experts on emerging risks, cyber, broking and technology...

‘No benefit’: repairers slam IAG, Allianz motor club deals

Thu, 27 Feb 2025 05:21:52 GMT

Crash repairers have called on the competition watchdog to reject IAG’s acquisition of RACQ Insurance and the Allianz Australia purchase of RAA’s underwriting business...

Southern regions face increased fire risk after hot, dry spell

Thu, 27 Feb 2025 05:21:45 GMT

An autumn bushfire outlook has flagged a heightened risk in parts of Victoria, SA and WA following warm conditions and “very much below average rainfall” in the back half of last year...

Key issue: insurer wins row over unsecured car

Thu, 27 Feb 2025 05:01:52 GMT

A car theft victim’s claim will remain rejected after the dispute authority found he breached his insurance policy’s conditions by leaving the key in an unlocked box on the vehicle’s rear axle...

INsight podcast: are insurers better prepared for the next big catastrophe?

Thu, 27 Feb 2025 05:00:00 GMT

Insurers' progress on improving their claims service since the devastating 2022 floods is the main topic of discussion on the latest Insurance News podcast...

Steadfast hails profit rise, draws line under strata row

Wed, 26 Feb 2025 05:37:47 GMT

Steadfast’s first-half underlying net profit rose 20.9% to $128.1 million as it achieved growth in a moderating market...

Industry backs resilient renovation grants for northern flood victims

Wed, 26 Feb 2025 05:37:38 GMT

North Queensland homeowners hit by last month’s floods will receive help to improve their properties’ resilience under a grant program announced today by the state and federal governments...

‘Disturbing practices’: report details Netstrata failings

Wed, 26 Feb 2025 05:37:29 GMT

An independent report completed as part of a wider investigation into strata management agency Netstrata has found potential breaches of NSW laws...

Queensland on alert as Cyclone Alfred threatens coast

Wed, 26 Feb 2025 05:37:04 GMT

The Bureau of Meteorology has warned Queenslanders to stay updated on Tropical Cyclone Alfred as its path across the Coral Sea develops...

Gallagher starts local leader search as Lyons takes UK role

Tue, 25 Feb 2025 05:20:18 GMT

Gallagher Australia CEO Sarah Lyons has been appointed head of the broking giant’s London-based specialty division, effective from July...

AUB profit climbs as acquisitions chip in

Tue, 25 Feb 2025 05:19:01 GMT

AUB Group’s first-half underlying earnings increased 13% to $79.3 million, driven by UK and Australian acquisitions and growth in existing businesses...

Johns Lyng embarks on cost-cutting program as earnings fall

Tue, 25 Feb 2025 05:13:58 GMT

Building services provider Johns Lyng Group has cut costs to address “challenging” conditions and has reduced its earnings outlook after a weak first half...

Steadfast exec becomes NIBA president as Okely steps back

Tue, 25 Feb 2025 04:17:58 GMT

The National Insurance Brokers Association has named Steadfast’s Nick Cook as its new president, with Austbrokers ABS MD Rebecca Wilson becoming VP...

QBE moves on from ‘problems of the past’ as annual profit climbs

Fri, 21 Feb 2025 05:12:34 GMT

QBE’s full-year profit increased 31% to $US1.779 billion ($2.8 billion), supported by lower catastrophe costs and strong investment returns...

Nationals propose home cover rebate for northern WA

Fri, 21 Feb 2025 04:44:32 GMT

The Nationals WA say they will deliver a $500 annual home insurance rebate in northern parts of the state if they are elected to government at next month’s election...

Liberty’s new leader to speak at Insurance News conference

Fri, 21 Feb 2025 04:42:20 GMT

Liberty International Insurance’s new Australia president John McCabe has joined the roster of experts speaking at the upcoming Insurance News Outlook 2025 conference...

Claimants denied cover after tree roots damage home

Fri, 21 Feb 2025 04:42:06 GMT

Homeowners who sought a $234,646 payout to repair cracks in their brickwork will not be covered after the Australian Financial Complaints Authority ruled the damage had no claimable cause...