The Broker

New strata code to tackle commissions: SCA

24 April 2025

The Strata Community Association says it will address commission-based remuneration as it works to create a national code of ethics for the industry...

Salon takes haircut in BI claim dispute

24 April 2025

A hairdressing salon has failed to have a covid-related business interruption payment increased after the ombudsman found it was underinsured and was not misled when it reduced its cover during the pandemic...

Workers’ comp flaws ramp up ACT coverage costs, NIBA says

24 April 2025

The key drivers of insurance costs in the ACT are the workers’ compensation scheme, regulation that is inconsistent with other jurisdictions and climate vulnerability, the National Insurance Brokers Association says...

Patchwork adoption of AI leading to ‘unknown risks’

24 April 2025

Most businesses are only “scratching the surface” when using artificial intelligence, as procurement, risk and compliance, and health and safety departments lag in adoption, a survey by broker Gallagher has found...

Marsh warns on third-party cyber threat

24 April 2025

Almost one in three cyber breaches are attributable to “third-party attack vectors”, meaning the core risk originated outside the targeted organisation, according to Marsh...

D&O cover getting easier to secure: Gallagher

17 April 2025

Australian insurers are reassessing directors’ and officers’ risk rating criteria to remain competitive as global carriers open offices here and new London market capacity softens market conditions...

Fire premiums will continue to climb, GSA warns

17 April 2025

Major urban centres including Sydney are “dangerously unprepared” for fire, and GSA Insurance Brokers says inner-city residents face 5%-10% increases in insurance premiums...

Deadline extended for code review feedback

10 April 2025

The deadline for submissions to the broker code of practice review has been extended in response to stakeholder feedback and to account for upcoming public holidays...