Insurance giant sued over ‘loyalty tax’ on policies
A class action has been filed against NRMA Insurance's parent on behalf of millions of customers allegedly ripped off on home and contents insurance policies.
insurance
Insurers ‘price gouging’ with secret premium hikes
Millions of Australians are being overcharged by health insurers using a loophole to dodge the rules against raising premiums.
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.
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.
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.
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.
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.
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.
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’
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.
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.
Insurance prices blowing away cyclone-prone communities
Regional councils at risk from cyclones will reveal the impact of rising insurance costs on their communities at a Senate hearing.
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.
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.
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.
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.
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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.
Disability scheme overhaul transforms access to support
An overhaul of the government's disability scheme could change the way Australians access support funding and give powers to the program's watchdog.
‘We’re concerned’: states revolt over NDIS cost fears
State and territory leaders are calling for transparency about NDIS costs as they push back against planned reforms, which they say are being rushed.
More deposit bailout cash after home builder collapse
Victorian taxpayers will again come to the rescue of customers who lost their home deposit after the builder went belly up.
Help offered to Indigenous people ripped off by Youpla
Save Sorry Business has welcomed the federal government's $97 million support package for Indigenous people affected by the collapse of dodgy insurer Youpla.
‘Making money’: insurers scolded over flood payouts
Insurers have been accused of failing to protect and compensate Australians devastated by floods during a fiery parliamentary hearing.
Insurers warned, but nation must mitigate for disasters
Insurers are being warned to do the right thing by customers devastated by natural disasters, but the nation must also invest in mitigation measures.
Insurers acknowledge faults after 2022 floods
A "substantial misalignment of interests" ensued in the wake of flood-affected people trying to have insurance claims paid out in 2022.
Insurance fund for flood-prone areas: legal advocates
Advocates say a fund to help people in flood-prone areas afford insurance premiums should be considered as a parliamentary inquiry looks at insurer practices.
Households waiting on building insurance settlement
There was an unprecedented number of domestic building insurance claims after the collapse of builders like Porter Davis with more than 1000 claims not settled.
Hefty fine for RACQ after misleading discounts
Insurer RACQ has been hit with a $10 million penalty in the Federal Court after potentially misleading customers about price discounts.
Insurance Council warns higher prices ‘baked in’
The Insurance Council of Australia chief says households and businesses are feeling the squeeze, with more people forced to forego or reduce insurance coverage.
Past due date: no solution to midwifery insurance gap
A gap in professional indemnity insurance for endorsed midwives has still not been fixed, a month after the Health Department was advised of the issue.
Widespread floods exposed insurance industry failings
A review of the response by insurers into the widespread and catastrophic flooding on the nation's east coast has found multiple weaknesses in the industry.
Call to build homes to defy climate, save $4b a year
As floods, cyclones and bushfires become more ferocious, costs to home-owners could double by 2050 without changes to the construction code, an analysis shows.