insuranceNEWS.com.au - DailyGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auGerman agency quits Australia as business falls shorthttps://www.insurancenews.com.au/daily/german-agency-quits-australia-as-business-falls-shorthttps://www.insurancenews.com.au/daily/german-agency-quits-australia-as-business-falls-short<p>Legal expense insurance specialist Arag has withdrawn from the Australian market after failing to meet targets since opening a Sydney office in 2019...</p>Fri, 18 Jul 2025 05:17:12 GMTHobart, Ballarat brokers win NIBA regional awardshttps://www.insurancenews.com.au/daily/hobart-ballarat-brokers-win-niba-regional-awardshttps://www.insurancenews.com.au/daily/hobart-ballarat-brokers-win-niba-regional-awards<p>The National Insurance Brokers Association named its annual award winners for Victoria and Tasmania at a gala lunch in Melbourne today attended by more than 520 professionals...</p>Fri, 18 Jul 2025 05:17:07 GMTOmbudsman orders payout over builder’s cracking tile jobhttps://www.insurancenews.com.au/daily/ombudsman-orders-payout-over-builder-s-cracking-tile-jobhttps://www.insurancenews.com.au/daily/ombudsman-orders-payout-over-builder-s-cracking-tile-job<p>A homeowner who was forced out of his property for two years during water damage repairs has won a dispute over claim delays and a botched tiling job...</p>Fri, 18 Jul 2025 05:16:50 GMTStrata group survives as owner’s licence axedhttps://www.insurancenews.com.au/daily/strata-group-survives-as-owner-s-licence-axedhttps://www.insurancenews.com.au/daily/strata-group-survives-as-owner-s-licence-axed<p>The NSW Civil and Administrative Tribunal has allowed an under-fire strata property management company to continue trading but cancelled the owner&rsquo;s licence...</p>Fri, 18 Jul 2025 05:16:44 GMTNeal changes course to take AIG president rolehttps://www.insurancenews.com.au/daily/neal-changes-path-to-take-aig-president-rolehttps://www.insurancenews.com.au/daily/neal-changes-path-to-take-aig-president-role<p>Former Lloyd&rsquo;s CEO John Neal will join AIG as president rather than taking a previously announced role in charge of climate solutions at Aon...</p>Thu, 17 Jul 2025 04:14:10 GMTWatchdog pushes back IAG-RAC deal decisionhttps://www.insurancenews.com.au/daily/watchdog-pushes-back-iag-rac-deal-decisionhttps://www.insurancenews.com.au/daily/watchdog-pushes-back-iag-rac-deal-decision<p>The competition regulator has delayed its decision on IAG&rsquo;s proposed $1.35 billion takeover of RAC&rsquo;s underwriting operations as it seeks further information...</p>Thu, 17 Jul 2025 04:13:32 GMTAFCA rejects insurer U-turn on storm damagehttps://www.insurancenews.com.au/daily/afca-rejects-insurer-u-turn-on-storm-damagehttps://www.insurancenews.com.au/daily/afca-rejects-insurer-u-turn-on-storm-damage<p>A vulnerable policyholder has won a dispute over his collapsed ceiling after the financial services ombudsman accepted a storm caused the damage...</p>Thu, 17 Jul 2025 04:12:14 GMTINsight podcast: taking stock of the Johns Lyng takeover bidhttps://www.insurancenews.com.au/daily/insight-podcast-taking-stock-of-the-johns-lyng-takeover-bidhttps://www.insurancenews.com.au/daily/insight-podcast-taking-stock-of-the-johns-lyng-takeover-bid<p>The $1.1 billion private equity offer for Johns Lyng Group is discussed on the latest Insurance News podcast, with a shareholder vote on the proposal scheduled for October...</p>Thu, 17 Jul 2025 04:05:19 GMTFirst-half cat losses second highest on recordhttps://www.insurancenews.com.au/daily/first-half-cat-losses-second-highest-on-recordhttps://www.insurancenews.com.au/daily/first-half-cat-losses-second-highest-on-record<p>Worldwide insured losses from January to June are expected to be at least $US100 billion ($150 billion), a 14-year high, Aon&rsquo;s latest Global Catastrophe Recap says...</p>Wed, 16 Jul 2025 06:13:41 GMTUnder-pressure businesses drive NZ insurance complaintshttps://www.insurancenews.com.au/daily/under-pressure-businesses-drive-nz-insurance-complaintshttps://www.insurancenews.com.au/daily/under-pressure-businesses-drive-nz-insurance-complaints<p>Insurance complaints have risen as small businesses struggle in a tough economic climate, according to New Zealand&rsquo;s independent dispute resolution service...</p>Wed, 16 Jul 2025 06:13:32 GMTRising wildfire threat spurs Willis partnershiphttps://www.insurancenews.com.au/daily/rising-wildfire-threat-spurs-willis-partnershiphttps://www.insurancenews.com.au/daily/rising-wildfire-threat-spurs-willis-partnership<p>Global broker Willis has teamed up with a UK university to deepen understanding of wildfire risk as disasters in the US and Australia show blazes are becoming more destructive...</p>Wed, 16 Jul 2025 06:13:20 GMTHolidaymaker’s swim sinks theft claimhttps://www.insurancenews.com.au/daily/holidaymaker-s-swim-sinks-theft-claimhttps://www.insurancenews.com.au/daily/holidaymaker-s-swim-sinks-theft-claim<p>A cruise passenger will not receive a payout for stolen jewellery after the complaints authority found the items were probably left unattended...</p>Wed, 16 Jul 2025 06:13:06 GMTClaims costs build as construction sector struggleshttps://www.insurancenews.com.au/daily/claims-costs-build-as-construction-sector-struggleshttps://www.insurancenews.com.au/daily/claims-costs-build-as-construction-sector-struggles<p>Rising concrete costs, tradie shortages and other problems plaguing the construction industry are driving claims inflation, Crawford &amp; Company says in a new report...</p>Tue, 15 Jul 2025 06:16:51 GMTCommission rejects insurer’s view on mystery car crashhttps://www.insurancenews.com.au/daily/commission-rejects-insurer-s-view-on-mystery-car-crashhttps://www.insurancenews.com.au/daily/commission-rejects-insurer-s-view-on-mystery-car-crash<p>An insurer that relied on an inference of driver fault to deny a car crash wound claim has lost a case before the NSW Personal Injury Commission...</p>Tue, 15 Jul 2025 06:16:39 GMTicare overhauls dust diseases systemhttps://www.insurancenews.com.au/daily/icare-overhauls-dust-diseases-systemhttps://www.insurancenews.com.au/daily/icare-overhauls-dust-diseases-system<p>NSW state insurer icare is modernising its Dust Diseases Care case management platform and has appointed two new members to a board that provides funding for research and support services...</p>Tue, 15 Jul 2025 06:16:29 GMTAFCA backs decision to cancel cover over driving banhttps://www.insurancenews.com.au/daily/afca-backs-decision-to-cancel-cover-over-driving-banhttps://www.insurancenews.com.au/daily/afca-backs-decision-to-cancel-cover-over-driving-ban<p>A driver who failed to tell her insurer she received a three-month licence suspension has lost an appeal to the complaints authority to have her policy reinstated and a crash claim paid...</p>Tue, 15 Jul 2025 06:16:20 GMTJohns Lyng accepts $1b takeover bidhttps://www.insurancenews.com.au/daily/johns-lyng-accepts-1-billion-takeover-bidhttps://www.insurancenews.com.au/daily/johns-lyng-accepts-1-billion-takeover-bid<p>Johns Lyng Group has agreed to a buyout bid worth more than $1 billion from Pacific Equity Partners...</p>Fri, 11 Jul 2025 06:10:02 GMTWA brokers take NIBA awards, join hunt for national honourshttps://www.insurancenews.com.au/daily/wa-brokers-take-niba-awards-join-hunt-for-national-honourshttps://www.insurancenews.com.au/daily/wa-brokers-take-niba-awards-join-hunt-for-national-honours<p>The National Insurance Brokers Association named its WA award winners at a gala lunch in Perth today attended by almost 600 professionals...</p>Fri, 11 Jul 2025 06:05:02 GMTCourt rejects e-scooter negligence casehttps://www.insurancenews.com.au/daily/court-rejects-e-scooter-negligence-casehttps://www.insurancenews.com.au/daily/court-rejects-e-scooter-negligence-case<p>An insurance broker who was hurt while riding an e-scooter has failed to make a case for negligence against a city council...</p>Fri, 11 Jul 2025 06:00:00 GMTCrash driver was up the creek without a policyhttps://www.insurancenews.com.au/daily/crash-driver-was-up-the-creek-without-a-policyhttps://www.insurancenews.com.au/daily/crash-driver-was-up-the-creek-without-a-policy<p>A driver who crashed his car into a creek has lost a claim dispute because he bought his insurance policy after the accident...</p>Fri, 11 Jul 2025 05:55:42 GMT