insuranceNEWS.com.au - Daily

Hollard fined $2m after storm claimants ‘left in limbo for years’

Fri, 09 Oct 2026 05:17:01 GMT

The Federal Court has fined Hollard $2 million over failures handling a home and contents claim made by a couple after a storm damaged their roof...

Canberra drops plan to slash disaster recovery funding

Fri, 09 Oct 2026 05:13:59 GMT

The federal government has scrapped proposed changes to the Disaster Recovery Funding Framework after a campaign by Queensland councils and politicians...

Industry questions Treasury calculations on compo scheme levy

Fri, 09 Oct 2026 05:13:44 GMT

Insurers have pressed for a rethink on their share of the $170.3 million special levy to cover a cost blowout in the Compensation Scheme of Last Resort, questioning the metrics used to decide contributions...

Policyholders telling porkies to pare premiums

Fri, 09 Oct 2026 05:13:00 GMT

More than one in five Australians bend the truth on their home insurance applications to save money, according to research by comparison site Finder...

AFCA sides with car insurer in row over fair value

Fri, 09 Oct 2026 05:10:16 GMT

The industry ombudsman has backed an insurer after policyholders complained they were misled into believing their car’s agreed value reflected its market worth...

IAG, RAC apply for review of blocked deal

Thu, 08 Oct 2026 05:19:24 GMT

IAG and RAC have lodged applications that keep the door open for an Australian Competition Tribunal review of a blocked takeover deal, as they also pursue a public interest test process...

Genetic test ban kicks in after lengthy reform push

Thu, 08 Oct 2026 05:17:25 GMT

Laws banning the use of adverse genetic test results in life insurance underwriting began today after the reform secured passage in the Senate in April...

Hollard hires former banking exec as risk chief

Thu, 08 Oct 2026 05:02:39 GMT

Hollard Insurance Australia has recruited Mark Adams from the banking sector to be its chief risk officer...

Demolition group fined for safety failings after worker death

Thu, 08 Oct 2026 05:01:07 GMT

A demolition recycling company has been fined $187,500 for breaching NSW workplace safety laws when a worker died in an excavator accident...

Missed by metres: theft at journey’s end falls outside travel cover

Thu, 08 Oct 2026 05:00:56 GMT

A travel policyholder has lost a claim dispute after her handbag, passport and other belongings were stolen from outside her garage at the end of a family trip...

Small business losses ‘leave lasting scars’ on disaster spots

Wed, 07 Oct 2026 05:01:07 GMT

Natural disaster impacts on small businesses can deepen the second year after an event, bringing a risk of long-term “economic scarring” to communities, research commissioned by QBE finds...

NIBA reveals insurer award finalists

Wed, 07 Oct 2026 05:00:45 GMT

Chubb, Vero and Zurich are in the running for this year’s NIBA large general insurer award...

ICA, ICNZ join four-nation peak body alliance

Wed, 07 Oct 2026 05:00:33 GMT

Insurance peak groups from Australia, New Zealand, the UK and Canada have formed an alliance to tackle issues including climate challenges, a growing protection gap and emerging risks...

No proof insurance builder behind $32k theft, AFCA finds

Wed, 07 Oct 2026 05:00:08 GMT

The industry ombudsman has rejected a demand for compensation from a homeowner who alleged jewellery and silverware worth almost $32,000 were stolen by a builder appointed by his insurer...

INsight podcast: Suncorp denies takeover ‘speculation’

Wed, 07 Oct 2026 04:48:10 GMT

Suncorp’s statement on takeover speculation is the first item discussed on this week’s Insurance News podcast...

Castle announces capacity deal with Canopius

Tue, 06 Oct 2026 05:30:00 GMT

Underwriting agency Castle Insurance has struck a new capacity agreement with international (re)insurer Canopius, drawing a line under its partnership with QBE...

Fraudsters sentenced in SIRA crackdown

Tue, 06 Oct 2026 05:25:26 GMT

A woman has been jailed and thousands of dollars recovered through court action as the State Insurance Regulatory Authority cracks down on fraud...

Clearlake takes Journey as expansion continues

Tue, 06 Oct 2026 03:39:30 GMT

Clearlake Insurance Brokers has expanded in Queensland with the acquisition of Journey Insure...

RAA's Daley joins NIH as SA, national market manager

Tue, 06 Oct 2026 03:38:17 GMT

Lisa Daley has been appointed GM for South Australia at Network Insurance House...

Missing names to blame as travellers pay for booking error

Tue, 06 Oct 2026 03:37:15 GMT

The industry ombudsman has backed AIG Australia after it rejected a claim from travellers who were refused boarding because their flight booking did not include their middle names...