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Latest news: Insurance

Insurer's disaster claims running well under budget

Insurer's disaster claims running well under budget

Insurer IAG had relatively fewer natural peril claims in the first quarter of 2024/25, but CEO Nick Hawkins says everyone realises how quickly that can change.

Regulator sues QBE over broken discounting promise

Regulator sues QBE over broken discounting promise

Regulator sues QBE over broken discounting promise

Regulator sues QBE over broken discounting promise

The Australian Securities and Investments Commission has launched civil proceedings against QBE over its discounting claims from 2017 to 2022.

Building bans and buybacks floated for flood zones

Building bans and buybacks floated for flood zones

Building bans and buybacks floated for flood zones

Building bans and buybacks floated for flood zones

A federal investigation into flood insurance failures urges an end to building in high-risk areas and government intervention to stop skyrocketing premiums.

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Quit stage diving at concerts, insurers tell musicians

Quit stage diving at concerts, insurers tell musicians

Insurance companies want performers to stop stage diving and throwing things at Australian live music events, an inquiry has been told.

Insurers accused of robbing public on hospital costs

Insurers accused of robbing public on hospital costs

Heath insurers cost NSW taxpayers $140 million annually in hospital costs, the government says, but the sector has accused the state of a tax by stealth.

Tourist hotspots face climate change 'peril'

Tourist hotspots face climate change 'peril'

A report from a global insurance giant reveals half of Australia's tourist hotspots face high risks, and possible "natural peril" from climate change.

Insurance hikes are leaving struggle street unprotected

Insurance hikes are leaving struggle street unprotected

Natural disasters exacerbated by climate change are resulting in higher home insurance costs with about 1.6 million households now under home insurance stress.

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Crying poor claim as insurers accused of price gouging

Crying poor claim as insurers accused of price gouging

Crying poor claim as insurers accused of price gouging

Crying poor claim as insurers accused of price gouging

A crackdown on how insurers respond to climate change has been declared by the corporate watchdog, as a union accuses some of the biggest firms of crying poor.

Customers cut health insurance in cost-of-living crisis

Customers cut health insurance in cost-of-living crisis

Customers cut health insurance in cost-of-living crisis

Customers cut health insurance in cost-of-living crisis

Financial pressures and stiff competition have limited the number of Australian customers signing up to health insurance policies.

Disaster insurance claims driven by Queensland events

Disaster insurance claims driven by Queensland events

Disaster insurance claims driven by Queensland events

Disaster insurance claims driven by Queensland events

Insurers paid out $2.2 billion in claims related to extreme weather events in 2023/24, in line with the previous year, new figures show.

Senator, insurer clash over cyclone 'price-gouging'

Senator, insurer clash over cyclone 'price-gouging'

Senator, insurer clash over cyclone 'price-gouging'

Senator, insurer clash over cyclone 'price-gouging'

A major insurer has been accused of making big profits during natural diasters at an inquiry into the impacts of climate change on the insurance sector.

QBE doubles half-year net profit to $US802 million

QBE doubles half-year net profit to $US802 million

QBE doubles half-year net profit to $US802 million

QBE doubles half-year net profit to $US802 million

Insurance group QBE has announced an almost two-fold improvement in its first-half profit on higher premiums and favourable investment returns.

Insurers leaving flood-prone communities high and dry

Insurers leaving flood-prone communities high and dry

Insurers leaving flood-prone communities high and dry

Insurers leaving flood-prone communities high and dry

Regional councils at risk from flooding have revealed the impact of rising insurance costs on their communities at a Senate hearing.

Scams help push financial complaints to record levels

Scams help push financial complaints to record levels

Scams help push financial complaints to record levels

Scams help push financial complaints to record levels

Financial complaints have reached a record high after disputes to the ombudsman service went up a further nine per cent to more than 105,000 in 2023/24.

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Tesla launches deal to cut electric vehicle speed bumps

Australia's most popular electric vehicle brand has partnered with an insurance firm to reduce another hurdle to investing in low-emission transport.

Open door for lenders on climate risks at 11m homes

A data-rich tool will gauge the energy efficiency and climate profile of the nation's 11 million homes, with some already risky for mortgage lenders.

Crunch time for divestment of climate-harming companies

Big investors are using "stewardship" to get more nosy about what companies say they are doing and what they're actually doing to reduce their carbon footprint.

Building insurance costs soar after companies go under

The demise of several big construction companies has triggered a massive jump in insurance premiums for homebuilders.

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Insurers hiked premiums in loyalty ploy, lawsuit claims

A loyalty ploy by insurers led to higher premiums being charged to more than one million customers, a class action alleges in claims the parent company denies.

Promise of NDIS 'under threat', commissioner warns

Australia's disability discrimination commissioner has slammed proposed changes to the NDIS, saying it would reduce participants to their impairment.

Call to back NDIS changes amid premiers' concerns

State and territory leaders have been urged to support reforms to the NDIS because people with disabilities can't afford to wait any longer for improvements.

Super funds respond to members' calls to dump coal

Australia's superannuation funds, as long-term investors, are increasingly making decisions based on the best returns for members in a decarbonising world.

Commissioner warns of 'tech wreck' from unchecked abuse

As Australia races to retrofit laws for generative artificial intelligence, the nation's eSafety commissioner says investigators face real-life harms every day.

Australia forecast to become a carbon credit factory

Firms have been warned to be honest about the role of carbon markets in curbing climate change and biodiversity loss, with carbon credit production set to soar.

Add skills to adapt to 'new era' in climate disclosure

An online course to help firms meet obligations under new global and Australian sustainability and climate-related financial standards has opened for enrolment.

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