Insurance News Wrap

In this week's "Weekly Insurance News Wrap," Paige Estritori discusses key updates. Firstly, the Productivity Commissions proposal to double truck fuel tax is worriedly viewed by the Australian Trucking Association, fearing increased costs for consumers. Amidst rising living costs, this move urges a proactive stance from truck operators. The podcast also reports the increasing insurance loss estim...

This podcast summary covers the weekly financial news from Australia for February 28, 2026. The Australian Financial Complaints Authority (AFCA) reports a record-breaking number of financial complaints at 111,373 in 2025, a 14% increase from 2024. Concerns focus on claim handling delays, superannuation issues, misleading product information, personal transaction accounts, and insurance types. A to...

In this podcast, Paige Estritori from Financial Services Online reviews insurance news impacting Australian consumers and businesses. A recent Federal Court case highlights a gap in insurance coverage for high-risk occupations, emphasizing the importance of regular coverage reviews and adviser consultation. Aussies are also facing considerable insurance premium increases, raising concerns over the...

In this podcast, Paige Estritori discusses recent developments in the insurance industry, including a Federal Court of Australia ruling that underscores the need for comprehensive insurance in high-risk jobs. Recent surge in insurance premiums has impacted Australians, with hikes ranging between 30% to 50% due to factors like natural disasters, inflation, and supply chain disruptions. This along w...

This episode of "Weekly Insurance News Wrap" by Financial Services Online, hosted by Paige Estritori, covers significant news in Australia's insurance sector. Allianz Australia Insurance and its subsidiary, AWP Australia, face a $16.8 million penalty by the Supreme Court of New South Wales for providing misleading travel insurance information. Homeowners struggle with a 51% rise in insurance premi...

In this podcast, Paige Estritori of Financial Services Online provides an update on insurance news in Australia. In the annual State of the Strata Market report, CHU reveals modest growth in strata property premiums despite ongoing natural calamities, emphasizing the importance of proactive financial planning and regulatory compliance for strata property owners. In the 2026 Finder Product Awards,...

In this episode of the Weekly Insurance News Wrap, Paige Estritori discusses key updates in the Australian insurance industry. Significant increases in private health insurance premiums, potentially affecting over 15 million Australians due to rising medical costs, were highlighted. Issues regarding premium hikes and demands for transparency among insurers were also outlined. The podcast further e...

In this week's Financial Services Online podcast, Paige Estritori discusses notable developments in the Australian insurance industry. Beginning with the 4.41% rise in private health insurance premiums from April 1, 2026, concerns of insufficient funding for patient care and increasing cost of medical and hospital services are highlighted. Australia's insurance companies face criticism for their s...

In this episode of the Weekly Insurance News Wrap, we cover recent developments in Australia's insurance industry. Insuregroup, an insurance brokerage for the transport and logistics sector, celebrates handling over 10,000 truck insurance policies, highlighting the importance of tailored coverage. AustralianSuper, one of the primary superannuation funds, will adjust its default income protection i...

In this week's insurance news wrap, Paige Estritori discusses rising mental health related claims in Australias income protection insurance sector, noting 20% of payouts in 2024 were directed here. Insurers like TAL are promoting preventative health programs in response. Insurance Australia Group (IAG) highlights the rising costs of home insurance due to climate change, advocating for climate-adap...

This episode of the "Weekly Insurance News Wrap" with Paige Estritori discusses the surge in insurance risks Australian businesses face due to social inflation, technological changes, supply chain disruptions, and natural disasters, necessitating robust cybersecurity and insurance. The uptick in farm fatalities emphasizes the need for safety and insurance in farming communities. Increasing freight...

In this week's Financial Services Online digest with host Paige Estritori, key developments in Australia's insurance industry are discussed. Insuregroup reports a 25% growth in transport sector insurance policies, emphasizing the correlation between increasing freight volumes and the importance of comprehensive insurance. Budget Direct made an impressive performance at the Finder Provider of the Y...

The podcast, 'Weekly Insurance News Wrap' from Financial Services Online provides contemporary updates in the Australian financial sector. The episode highlights Insurance Australia Group's (IAG) financial results, showing a 4.3% rise in gross written premiums and a significant boost in net profit. The companys future plans involve strategic acquisitions and investments in digital and sustainabili...

In this episode of the Weekly Insurance News Wrap, we discuss the success of Insurance Australia Group (IAG) whose gross written premiums rose by 4.3% to $17.1 billion in 2025. Their shareholders have been rewarded with a 31.0 cents per share dividend, a notable increase of 14.8%. The company forecasts a 10% growth in gross written premiums for the next fiscal year. IAG CEO, Nick Hawkins, has warn...

This update from Financial Services Online brings notable events in the Australian insurance industry, headlined by Janelle Greene's formative appointment as CEO of National Transport Insurance (NTI), succeeding Tony Clark. She has notable experience and is expected to efficiently lead NTI. Another highlight includes the Australian Financial Complaints Authority directive to insurer, AIA to pay a...

This weeks edition of the Weekly Insurance News Wrap reveals major industry updates in Australia's insurance sector. National Transport Insurance welcomes a new CEO, Janelle Greene, who will succeed Tony Clark from July 1. In other news, a decade-long dispute concludes in favor of an injured trucker as the Australian Financial Complaints Authority directs AIA insurer to pay the Total Permanent Dis...

In this Weekly Insurance News Wrap, we talk about major changes and updates in the Australian insurance landscape. National Transport Insurance bids farewell to Managing Director Tony Clark and welcomes Janelle Greene, who has a robust history in strategic projects and customer experience, as its new leader. Notably, an injured truck driver wins a critical total and permanent disability claim, und...

This week's Insurance News Wrap includes the impact of Healthscope terminating agreements with Bupa and the Australian Health Services Alliance, potentially affecting 6.6 million Australians with higher out of pocket healthcare expenses. The Australian government instructed health insurers to increase funding to private hospitals following a 3.73% average hike in premiums. The Australian Medical A...

In this episode of Financial Services Online's Weekly Insurance News Wrap, Paige Estritori covers major occurrences in the Australian insurance industry. Strategic developments include a significant fine of 16.8 million dollars imposed on Allianz Australia and its subsidiary, AWP Australia, for misleading practices in travel insurance products. There's also a discussion on the rising insurance pre...

In this weeks insurance news wrap, Paige Estritori discusses TAL's expansion of its Health Sense Plus program to income protection policies. This promotes overall wellbeing and offers value for policyholders while aligning with preventative care and public health goals. With the rise in mental health-related claims, Australian insurers are pressured to modernize coverage models and incorporate men...

This episode of the Weekly Insurance News Wrap discusses several significant topics in the insurance sector. Marine Skippers Insurance has expanded coverage for sea captains into international waters to mitigate risks. The host, Paige Estritori also discusses the ongoing surge in insurance premiums, with IAG's 11% increase related to the cost of reinsurance and lower claim rates. Climate change is...

In this week's Financial Services Online podcast, Paige Estritori examines emerging trends in Australia's insurance sector. A record-breaking profit record of $6.1 billion after tax was achieved by the industry in 2024, tripling the previous five-year average, driven by significant hikes in insurance premiums. However, consumer advocates are warning about growing affordability issues, particularly...

In the latest episode of the Financial Services Online podcast, Paige Estritori discusses major news in the Australian insurance industry. The Australian Financial Complaints Authority saw a 17% surge in general insurance complaints, largely due to issues with add-on covers and auto-claim delays. Also, comprehensive motor insurance remained a top concern, underlining the need for transparent commu...

In this podcast episode, Paige Estritori from Financial Services Online presents an overview of recent events in Australia's insurance sector. The Australian Financial Complaints Authority reports a spike in general insurance complaints, rising by 17% due primarily to issues with add-on covers and delayed motor vehicle claims. Meanwhile, the professional indemnity insurance sector remains steady,...

This podcast episode covers the latest happenings in the Australian insurance market. Up North, strata insurance premiums have risen significantly, and homeowners doubt the federal cyclone reinsurance pool's effectiveness. The episode mentions an 11% surge in home and content premiums and a 7% hike for strata policies. Limited competition and global pressures are forcing residents to seek overpric...