IAG reports ‘solid year’ as net profit jumps
Insurance giant IAG says it made $832 million in 2022/23, up from $347 million the year before, as it works to become a stronger and more resilient company.
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Home insurance out of reach as climate disasters surge
The biggest rise in premiums in 20 years has raised concerns households may forego insurance and be even harder hit when the next disaster strikes.
Insurance costs, claims under microscope after floods
Insurance affordability and the handling of claims after devastating floods in several states in 2022 will be examined in a parliamentary hearing.
A forever home ruined by floods and insurance battles
A federal parliamentary inquiry will examine insurance companies' handling of claims after historic floods ravaged most states and territories in 2022.
Insurers to face federal inquiry over floods response
A federal parliamentary inquiry will examine insurance companies' handling of claims after major floods ravaged most states and territories in 2022.
Insurance providers fined $13.5m for misrepresentations
Three insurers found to have misrepresented life, funeral and accidental injury coverage have been fined $13.5 million, with ex-boss Russell Howden also fined.
One in three to get slice of $815m in insurer payouts
More than 5.6 million Australians could be eligible for a payout after insurers were found to have unnecessarily complex pricing promises and practices.
AMP and MLC fined millions for historic violations
AMP Group will pay $24 million and MLC has agreed to $10 million in fines after systems failures led to breaches in customer trust.
Dodgy funeral company banked on Centrepay for payments
The Save Sorry Business Coalition is lobbying the federal government to do more in the budget to help Indigenous people ripped off by an unscrupulous company.
Porter Davis owners stuck in never ending nightmare
Families impacted by the collapse of builder Porter Davis have staged a protest calling for state and federal governments to intervene to help them.
Near-finished Porter Davis homes will be completed
Porter Davis liquidators have been working to find solutions for staff and clients since the home building company collapsed a week ago.
Premier backs call to not bail out beleaguered builder
Authorities are probing whether one of Australia's largest home builders illegally took deposits from customers before securing their insurance policies.
Queensland considers third-party car insurance reform
Queensland is looking at a shake-up of the state's compulsory third-party car insurance scheme amid concerns over premium competition and insurer profitability.
Long wait for insurance compounds disaster trauma
A new report into the mental health burden of disasters across Australia shows adequate insurance coverage is central to recovery.
Spongiest city no match for deadly ‘atmospheric river’
Extensive flood devastation in Australia and New Zealand is calling into question the design of cities that should keep millions of residents out of harm's way.
Banks to pay $126m over dodgy insurance
A class action has been settled with three of Australia's big banks, with customers sold consumer protection insurance to share in $126 million.
Qld floods bill tops $7.7 billion: report
Deloitte estimates the total cost of the southeast Queensland floods, which impacted half a million people and 18,000 homes and business, to be $7.7 billion.
Help on way after funeral insurer collapse
The Albanese government has announced around $4 million in relief for families impacted by the collapse of insurer ACBF-Youpla.
Teen cyclone survivor confronts bank boss
A school boy cyclone survivor has challenged a bank boss to do more on climate change, interrupting an elite business summit to call out "ridiculous" lending.
One in 25 properties ‘uninsurable by 2030’
A new report warns 521,000 properties could be uninsurable by the end of this decade due to climate change risks.
Alert system forms part of Qld flood probe
A review of the flood disaster that killed 13 people in southeast Queensland will include effectiveness of emergency alerts and agency co-operation.
Assessors, techies, bankers join mud army
Insurers say it's too soon to put a price on the floods as initial claims near $2 billion and assessors, techies and bankers muck in alongside communities.
Fee hunters drawn to $1.6b in flood claims
Flood victims are urged to be aware of "claims farmers" who tout assistance with insurance paperwork, for a fee, lured by claims rising past $1.6 billion.
IAG turns H1 profit, cuts dividend
Australia's biggest insurer has used price hikes and taken its NRMA brand to other states to return to first-half profit.
Suncorp peppered by disaster claims
Major insurer Suncorp has weathered a challenging first half peppered by natural disaster claims but is more optimistic about the rest of the year.
Insurers could walk away from flood towns
Property owners could be hit with higher insurance bills or find themselves uninsurable after the failure of flood mitigation infrastructure in Maryborough.