Insurance News

Claims intermediaries in disaster areas now under ASIC’s formal watch

Claims intermediaries in disaster areas now under ASIC’s formal watch

ASIC's 2026-27 Corporate Plan names claims intermediaries in disaster communities as a formal supervisory priority for the first time. Broker complaints to AFCA nearly doubled in 2024-25. The time to document client communication practices is before the next catastrophe, not after

Roxanne Libatique Aug 26, 2026
Nepal flood leaves hundreds missing and tests travel cover limits

Nepal flood leaves hundreds missing and tests travel cover limits

384 travellers missing, helicopter exits costing up to US$10,000, and a river corridor that has flooded twice in 13 months

Scam losses are up – but the real story is in the policy wording

Scam losses are up – but the real story is in the policy wording

A landmark court ruling has made institutional scam liability concrete, and broker advice obligations follow

The terrorism exclusion clause brokers rarely explain just became relevant twice

The terrorism exclusion clause brokers rarely explain just became relevant twice

Australia had three terrorism declarations in 23 years. Two came in the same financial year. Neither generated a claim - meaning most commercial property clients still do not know whether their exclusion would have been overridden. That conversation is overdue

Australians hold cover they can’t navigate – and few know it

Australians hold cover they can’t navigate – and few know it

Forty-six per cent of Australian cardholders are unaware of, do not trust, or do not consider their card's included benefits. Fifty-four per cent said what would make embedded cover more appealing was a clear explanation of what is covered. That is a broker's job description

Gallagher Bassett anniversary program reflects first responder mental health pressures

Gallagher Bassett anniversary program reflects first responder mental health pressures

A comfort initiative for children in trauma is now a lens on the insurance industry’s most urgent cost problem

Steadfast lifts profit as broker network heads for new ownership

Steadfast lifts profit as broker network heads for new ownership

Underlying profit rose 8.2% as the broker network heads towards new ownership with Robert Kelly's successor still unnamed

Arch lifts single-location property limit to $100 million

Arch lifts single-location property limit to $100 million

Doubled single-location capacity means fewer co-insurers on mid-market property placements as rates keep falling

Broker results week: write-downs, buyouts and an empty chair

Broker results week: write-downs, buyouts and an empty chair

With AUB and Steadfast reporting financial results this week, the statutory line and the leadership question matter more than underlying profit

IB TALK

Why brokers can't ignore environmental risk anymore

How brokers can protect themselves and clients as environmental exposures reshape the risk landscape

Underwriters under the microscope

Do they really deliver on speed, flexibility and claims service?

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