insuranceNEWS.com.au - DailyGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auConsumers ‘losing hope’ on affordability after budget failingshttps://www.insurancenews.com.au/daily/consumers-losing-hope-on-affordability-after-budget-failingshttps://www.insurancenews.com.au/daily/consumers-losing-hope-on-affordability-after-budget-failings<p>The need for action on the insurance affordability crisis has never been greater, consumer advocates say following an underwhelming federal budget...</p>Fri, 22 May 2026 06:30:43 GMTLeney outlines goals for fresh term as ANZIIF presidenthttps://www.insurancenews.com.au/daily/leney-outlines-goals-for-fresh-term-as-anziif-presidenthttps://www.insurancenews.com.au/daily/leney-outlines-goals-for-fresh-term-as-anziif-president<p>AIG Asia-Pacific regional head Scott Leney has been reappointed president of the Australian and New Zealand Institute of Insurance and Finance...</p>Fri, 22 May 2026 06:30:31 GMTCyber crooks pose ‘unseen threat’ to farmshttps://www.insurancenews.com.au/daily/cyber-crooks-pose-unseen-threat-to-farmshttps://www.insurancenews.com.au/daily/cyber-crooks-pose-unseen-threat-to-farms<p>Farmers are increasingly the target of cyberattacks, yet most are unaware of their exposure, according to rural specialist WFI Insurance...</p>Fri, 22 May 2026 06:30:19 GMTInsurer vindicated in hearing aid rowhttps://www.insurancenews.com.au/daily/insurer-vindicated-in-hearing-aid-rowhttps://www.insurancenews.com.au/daily/insurer-vindicated-in-hearing-aid-row<p>A policyholder has failed to win an upgraded payout for her husband&rsquo;s lost hearing aids, which were covered under her home and contents insurance...</p>Fri, 22 May 2026 06:28:04 GMTASIC urges care as AI powers innovationhttps://www.insurancenews.com.au/daily/asic-urges-care-as-ai-powers-innovationhttps://www.insurancenews.com.au/daily/asic-urges-care-as-ai-powers-innovation<p>The corporate regulator has called for &ldquo;safe and responsible&rdquo; innovation as artificial intelligence changes the way insurance and other financial services are offered...</p>Thu, 21 May 2026 06:24:24 GMTRegulator axes Eric’s insurance licencehttps://www.insurancenews.com.au/daily/regulator-axes-eric-s-insurance-licencehttps://www.insurancenews.com.au/daily/regulator-axes-eric-s-insurance-licence<p>The prudential regulator has revoked Eric Insurance&rsquo;s licence following a request from its administrators...</p>Thu, 21 May 2026 06:24:14 GMTFormer Chubb leader leaves ICA boardhttps://www.insurancenews.com.au/daily/former-chubb-leader-leaves-ica-boardhttps://www.insurancenews.com.au/daily/former-chubb-leader-leaves-ica-board<p>Chubb&rsquo;s former country president for Australia and New Zealand Ben Howell is no longer a member of the Insurance Council board...</p>Thu, 21 May 2026 06:24:04 GMTAFCA backs claimant in clash over mismatched tileshttps://www.insurancenews.com.au/daily/afca-backs-claimant-in-clash-over-mismatched-tileshttps://www.insurancenews.com.au/daily/afca-backs-claimant-in-clash-over-mismatched-tiles<p>An insurer has been told to fully refit a claimant&rsquo;s kitchen floor because its offer to replace some damaged tiles would not restore the woman&rsquo;s home to its previous condition...</p>Thu, 21 May 2026 05:26:53 GMTTasmania only state intervening on insurance cost: Rockliffhttps://www.insurancenews.com.au/daily/tasmania-only-state-intervening-on-insurance-cost-rockliffhttps://www.insurancenews.com.au/daily/tasmania-only-state-intervening-on-insurance-cost-rockliff<p>Tasmanian Premier Jeremy Rockliff says a new TasInsure statutory body will make the state an insurance affordability &ldquo;pacesetter&rdquo; for the rest of Australia...</p>Wed, 20 May 2026 06:17:54 GMTTower’s AI-driven call centre ‘delivering for customers’https://www.insurancenews.com.au/daily/tower-s-ai-driven-call-centre-delivering-for-customershttps://www.insurancenews.com.au/daily/tower-s-ai-driven-call-centre-delivering-for-customers<p>New Zealand insurer Tower says using AI in its contact centre has saved customers more than 13,000 hours in seven months...</p>Wed, 20 May 2026 06:17:47 GMTRent recouped as unit owner emerges from a mouldy messhttps://www.insurancenews.com.au/daily/rent-recouped-as-unit-owner-emerges-from-a-mouldy-messhttps://www.insurancenews.com.au/daily/rent-recouped-as-unit-owner-emerges-from-a-mouldy-mess<p>Chubb must cover more than $60,000 of lost rent and pay compensation to a strata property owner after black mould left his unit uninhabitable for more than two years...</p>Wed, 20 May 2026 06:16:41 GMTINsight podcast: relief all round at TasInsure U-turnhttps://www.insurancenews.com.au/daily/insight-podcast-relief-all-round-at-tas-insure-u-turnhttps://www.insurancenews.com.au/daily/insight-podcast-relief-all-round-at-tas-insure-u-turn<p>The Tasmanian government&rsquo;s change of approach on insurance is the first item discussed on the latest episode of the Insurance News podcast...</p>Wed, 20 May 2026 05:13:38 GMTCyclone pool secures 37% premium savingshttps://www.insurancenews.com.au/daily/cyclone-pool-secures-37-premium-savingshttps://www.insurancenews.com.au/daily/cyclone-pool-secures-37-premium-savings<p>The cyclone reinsurance pool has resulted in home premiums falling 37% on average in the highest-risk regions, analysis shows...</p>Tue, 19 May 2026 06:15:38 GMTZurich reshuffles as APAC distribution head namedhttps://www.insurancenews.com.au/daily/zurich-reshuffles-as-apac-distribution-head-namedhttps://www.insurancenews.com.au/daily/zurich-reshuffles-as-apac-distribution-head-named<p>Zurich has promoted Giles Crowley to the newly created position of head of customer and distribution management for Asia-Pacific, responsible for working with country teams to enhance underwriting capability and local market strategies...</p>Tue, 19 May 2026 06:15:29 GMTInsurance News launches tech innovation conferencehttps://www.insurancenews.com.au/daily/insurance-news-launches-tech-innovation-conferencehttps://www.insurancenews.com.au/daily/insurance-news-launches-tech-innovation-conference<p>Tickets are on sale now for Beyond the Buzzwords, a full-day event that breaks down how digital tools are transforming the industry...</p>Tue, 19 May 2026 06:15:13 GMTData shows fast action key to worker recovery: Sedgwickhttps://www.insurancenews.com.au/daily/data-shows-fast-action-key-to-worker-recovery-sedgwickhttps://www.insurancenews.com.au/daily/data-shows-fast-action-key-to-worker-recovery-sedgwick<p>Early support for injured workers leads to better return to work results, Sedgwick says in a report today...</p>Tue, 19 May 2026 06:14:59 GMTSteadfast denies misuse of power in $3m row with ex-memberhttps://www.insurancenews.com.au/daily/steadfast-denies-misuse-of-power-in-legal-row-with-ex-memberhttps://www.insurancenews.com.au/daily/steadfast-denies-misuse-of-power-in-legal-row-with-ex-member<p>Steadfast Group has rejected an accusation of &ldquo;market power misuse&rdquo; made by Dynamic Insurance Services, a Perth-based broking and authorised representative network...</p>Fri, 15 May 2026 05:36:49 GMTHere to spray: flexi-hose claim costs rise againhttps://www.insurancenews.com.au/daily/here-to-spray-flexi-hose-claim-costs-rise-againhttps://www.insurancenews.com.au/daily/here-to-spray-flexi-hose-claim-costs-rise-again<p>Suncorp says the cost of claims caused by bursting flexi-hoses is still rising, and the ticking time bombs are not going anywhere in the short term...</p>Fri, 15 May 2026 05:36:36 GMTWatchdog waves through Zurich-ClearView dealhttps://www.insurancenews.com.au/daily/watchdog-waves-through-zurich-clear-view-dealhttps://www.insurancenews.com.au/daily/watchdog-waves-through-zurich-clear-view-deal<p>The Australian Competition and Consumer Commission has cleared Zurich to proceed with its acquisition of life insurer ClearView Wealth...</p>Fri, 15 May 2026 05:36:35 GMTAFCA unimpressed at driver’s U-turn on car theft accounthttps://www.insurancenews.com.au/daily/afca-unimpressed-at-driver-s-u-turn-on-car-theft-accounthttps://www.insurancenews.com.au/daily/afca-unimpressed-at-driver-s-u-turn-on-car-theft-account<p>A motor policyholder has lost a claim dispute after saying she had left a key in her stolen car, before changing her story when told an exclusion would apply...</p>Fri, 15 May 2026 05:36:13 GMT