| Celebrating Marine Innovation at the Sydney International On-Water Boat Show Tue, 16 Dec: The 56th Sydney International On-Water Boat Show recently concluded after four dynamic days at Darling Harbour, drawing over 20,000 visitors and highlighting the latest advancements in marine design and technology. Presented by the Boating Industry Association (BIA) and Mulpha Events, the event featured more than 160 vessels from 120 leading international and Australian marine brands. - read more
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| Heightened Road Risks as Holiday Travel Meets Freight Surge Mon, 15 Dec: As the Australian summer holidays approach, a significant increase in road traffic is anticipated, coinciding with peak freight activity. This convergence raises concerns about heightened road risks, prompting insurers and transport specialists to issue warnings to motorists. - read more
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| Rising Collision Risks Challenge Australian Fleet Operators Mon, 15 Dec: Australia's transport and haulage sector is currently navigating a period marked by an uptick in motor collision claims, posing significant challenges for fleet operators nationwide. This trend underscores the necessity for enhanced risk management and insurance strategies to safeguard operations and maintain profitability. - read more
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| NTARC Report Highlights Key Factors in Major Truck Crashes Mon, 15 Dec: The National Truck Accident Research Centre (NTARC) has released its latest Major Incident Investigation Report, shedding light on the predominant causes of significant truck crashes across Australia. The findings underscore the critical need for targeted interventions to enhance road safety within the transport industry. - read more
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| IAG Enhances Profit Projections Post-RACQ Insurance Integration Mon, 15 Dec: Insurance Australia Group (IAG) has revised its annual profit forecast upward by $100 million, attributing this positive adjustment to the recent acquisition of RACQ Insurance. The company now anticipates a reported insurance profit ranging between $1.55 billion and $1.75 billion for the current financial year, an increase from the previous estimate of $1.45 billion to $1.65 billion. - read more
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| Queensland's Insurance Duty Revenue Set to Surpass $2 Billion Mon, 15 Dec: The Queensland government is poised to collect over $2 billion annually from insurance duties by the 2028-29 financial year, marking a 19.7% increase over the next four years. This projection is detailed in the latest budget figures, which indicate that the state will receive $1.78 billion from insurance duties in 2025-26, approximately $120 million more than the previous year. - read more
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| Australian Insurance Industry Poised for Significant Growth Mon, 15 Dec: The Australian general insurance industry is on a trajectory of substantial growth, with direct written premiums (DWP) projected to exceed $144 billion by 2029. This forecast, provided by data and analytics firm GlobalData, highlights the expanding demand for insurance coverage in response to the increasing frequency and severity of natural disasters. - read more
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| Australian Truck Sales Experience Decline as Market Stabilises in 2025 Mon, 15 Dec: The Australian truck and van market has experienced a notable decline in 2025, with sales figures indicating an 11.8% decrease compared to the previous year. According to the Truck Industry Council (TIC), a total of 33,727 heavy vehicles were sold by the end of September, marking a significant drop from the 38,254 units sold during the same period in 2024. - read more
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| Scania's First Battery Electric Truck Joins Total Logistics Solutions Fleet Mon, 15 Dec: In a landmark move towards sustainable transportation, Scania has delivered its first battery electric truck to Total Logistics Solutions (TLS), a prominent Australian logistics provider. The Scania 25 P, a 10-pallet curtainsider equipped with a powered tailgate, is set to revolutionise urban deliveries by eliminating tailpipe emissions. - read more
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| ATA's $5 Billion Road Upgrade Plan Aims to Lower Living Costs Mon, 15 Dec: The Australian Trucking Association (ATA) has proposed a comprehensive $5 billion investment in targeted road upgrades over the next decade. This initiative is designed to support the adoption of high-productivity and low-emission trucks, thereby enhancing the efficiency of the transport sector and contributing to a reduction in the cost of living for Australian households. - read more
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| ABC Insurance Offers New Professional Indemnity Option for NSW Solicitors Mon, 15 Dec: In a significant development for New South Wales' legal community, ABC Insurance has announced its entry into the professional indemnity (PI) insurance market, providing solicitors with an alternative to the longstanding sole provider, Lawcover. This move introduces competition and choice for over 23,000 solicitors in the state, who have traditionally relied on Lawcover for their mandatory PI insurance. - read more
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| ProRisk Unveils Comprehensive Professional Indemnity Insurance via ProBind Mon, 15 Dec: Professional Risk Underwriting Pty Ltd (ProRisk) has launched a new Professional Indemnity (PI) Insurance policy available through their ProBind platform. This product caters to Australian-domiciled organisations with up to 500 employees and a turnover of up to $25 million, covering a wide array of 506 professional occupations, including consultants, accountants, engineers, and legal professionals. - read more
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| Professional Bodies Advocate for Insurer Recognition of Risk-Reducing Schemes Mon, 15 Dec: The Professional Standards Councils are actively seeking to enhance insurer recognition of schemes designed to improve risk management among professionals. These schemes, established under state and territory legislation, aim to limit liability for members in exchange for adherence to stringent risk management practices, including mandatory professional indemnity (PI) insurance. - read more
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| Allianz Partners Highlights the Risks of Travelling Uninsured Sun, 14 Dec: Recent research commissioned by the Insurance Council of Australia (ICA) and the Department of Foreign Affairs and Trade's (DFAT) Smartraveller program has unveiled a concerning trend: approximately 14% of Australian travellers embark on international journeys without any form of travel insurance. This statistic has prompted Allianz Partners to urge Australians to reconsider the importance of securing adequate coverage before travelling abroad. - read more
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| Surge in Medical Claims Among Australian Travellers Highlights Importance of Comprehensive Insurance Sun, 14 Dec: In 2024, medical incidents emerged as the leading cause of travel insurance claims among Australian travellers, accounting for more than 40% of all claims handled by nib Travel. This trend underscores the critical importance of securing comprehensive travel insurance to mitigate the financial risks associated with medical emergencies abroad. - read more
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| Rising Travel Insurance Claims Among Australians Visiting Bali Sun, 14 Dec: The allure of Bali continues to captivate Australian travellers, with a notable 43% increase in travel insurance policies purchased for the destination since the 2022/23 summer season. This surge has corresponded with a 50% rise in related insurance claims, now accounting for 16% of all claims submitted to Southern Cross Travel Insurance (SCTI) in 2024. - read more
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| QBE Insurance Faces Market Challenges with Slower Premium Growth Sun, 14 Dec: QBE Insurance Group, Australia's largest insurer by market value, recently experienced a significant decline in its share price, reaching a seven-month low. This downturn is primarily attributed to a slowdown in the company's premium rate growth during the third quarter of 2025. - read more
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| Australian Insurers Achieve Record Profits Amid Rising Premiums Sun, 14 Dec: Australia's insurance industry has reported an after-tax profit of $6.1 billion for the year 2024, a figure that is three times higher than the five-year average of $2 billion. This substantial increase is attributed to significant premium hikes and a relatively benign year for natural disasters. - read more
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| Consumers Left in the Dark Over Steep Insurance Premium Increases Sun, 14 Dec: Australian consumers are grappling with substantial increases in insurance premiums, often receiving little to no explanation for the hikes. This lack of transparency has led to growing concerns and calls for greater regulatory oversight in the insurance industry. - read more
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| ACCC Scrutinises IAG's Proposed Acquisition of RAC Insurance Sun, 14 Dec: The Australian Competition and Consumer Commission (ACCC) has expressed concerns regarding Insurance Australia Group's (IAG) proposed A$1.35 billion acquisition of the Royal Automobile Club of Western Australia's (RAC) insurance business. The ACCC warns that this deal could significantly reduce competition in Western Australia's motor and home insurance markets, potentially leading to higher premiums and diminished service quality for consumers. - read more
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| IAG Highlights Climate Change's Role in Rising Home Insurance Costs Sun, 14 Dec: Insurance Australia Group (IAG) has highlighted the growing impact of climate change on home insurance premiums in Australia. The insurer reports that increasingly frequent and severe weather events are contributing to higher costs for homeowners seeking coverage. - read more
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| ASIC Takes Legal Action Against RACQ Insurance Over Misleading Premium Information Sun, 14 Dec: The Australian Securities and Investments Commission (ASIC) has commenced legal proceedings against RACQ Insurance, a subsidiary of Insurance Australia Group (IAG), alleging that the insurer misled over 570,000 customers between September 2019 and December 2024. The regulator claims that RACQ included inflated 'last period premium' amounts in renewal notices, potentially causing customers to pay more than necessary. - read more
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| Embracing AI: How Australian Restaurants Are Innovating Operations Sun, 14 Dec: In the rapidly evolving landscape of the Australian hospitality industry, artificial intelligence (AI) is emerging as a transformative force. Recent data indicates that approximately 66% of restaurant operators in Australia perceive AI and automation as beneficial to their businesses. This growing optimism underscores a significant shift towards technological integration in the sector. - read more
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| Australian Hospitality Sector Faces Unprecedented Business Closures Sun, 14 Dec: The Australian hospitality industry is currently grappling with significant economic challenges, leading to an unprecedented rate of business closures. Recent data reveals that 9.4% of food service and hospitality businesses have ceased operations in the past year, marking a record high for the sector. - read more
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| Australian Insurers Embrace Parametric Solutions Amid Climate Challenges Sun, 14 Dec: As Australia faces escalating natural hazard risks due to climate change, the insurance industry is adopting innovative solutions to address these challenges. A notable development is the increasing adoption of parametric insurance, designed to provide faster payouts and address underinsurance issues. - read more
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