| Allianz Australia Penalised for Misleading Travel Insurance Information Tue, 24 Feb: In a significant ruling, the Supreme Court of New South Wales has imposed fines totaling $16.8 million on Allianz Australia Insurance and its subsidiary, AWP Australia, for disseminating misleading information about their travel insurance products between 2016 and 2018. This decision underscores the critical importance of transparency and accuracy in the insurance sector. - read more
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| Survey Highlights Alarming Number of Australians Travelling Uninsured Tue, 24 Feb: Recent research conducted by the Insurance Council of Australia (ICA) and the Department of Foreign Affairs and Trade (DFAT) has unveiled a concerning trend: approximately 14% of Australian travelers embark on international journeys without any form of travel insurance. This statistic has prompted industry leaders to urge Australians to reconsider the importance of securing adequate coverage before traveling abroad. - read more
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| Surge in Medical Claims Among Australian Travellers Highlights Importance of Comprehensive Insurance Tue, 24 Feb: In 2024, medical incidents emerged as the leading cause of travel insurance claims among Australian travelers, 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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| Australian Homeowners Confront Steep Rise in Insurance Premiums Tue, 24 Feb: Over the past five years, Australian homeowners have experienced a significant 51% increase in home insurance premiums. This surge has placed a considerable financial burden on property owners nationwide, with Darwin residents facing the highest costs. - read more
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| Potential Relief for Australian Policyholders Amid Global Insurance Market Downturn Tue, 24 Feb: Recent developments in the global financial markets have sparked discussions about potential benefits for Australian insurance policyholders. A significant sell-off in the insurance sector on Wall Street has led analysts to speculate that Australian insurance premiums could see a reduction in the near future. - read more
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| Climate Change Escalates Home Insurance Premiums Across Australia Tue, 24 Feb: As the effects of climate change become increasingly evident, Australian homeowners are facing a surge in home insurance premiums. The rising frequency and severity of natural disasters, such as floods, bushfires, and storms, have significantly impacted the insurance landscape, leading to higher costs for property owners. - read more
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| ICA Advocates for Overhaul of Civil Liability Laws to Curb Rising Insurance Premiums Tue, 24 Feb: The Insurance Council of Australia (ICA) has recently released a white paper highlighting the urgent need for reforms to state and territory civil liability laws, which have remained largely unchanged for nearly 25 years. These outdated laws are contributing to significant increases in public liability insurance premiums, affecting a wide range of businesses across the nation. - read more
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| Liberty Adds 'Safe Harbour' Insolvency Cover to D&O Policies Tue, 24 Feb: Liberty Specialty Markets has announced the addition of a company insolvency extension to its Australian directors' and officers' (D&O) liability policies. This innovative feature is designed to support companies and their directors by covering reasonable costs incurred when engaging approved advisers under the 'safe harbour' insolvency regime. - read more
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| APRA Reports Significant Underwriting Gains in Short-Tail Insurance Tue, 24 Feb: The Australian Prudential Regulation Authority (APRA) has released data indicating a substantial underwriting profit of $1.55 billion in short-tail insurance lines for the September quarter. This marks a notable improvement in the sector's performance, with householders insurance contributing $636 million to the overall profit. - read more
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| Undisclosed Tenant Activities Result in Denied Insurance Claim for Landlord Tue, 24 Feb: In a recent ruling by the Australian Financial Complaints Authority (AFCA), a landlord's $99,295 theft claim was denied due to non-disclosure of a tenant's change in property use. The case underscores the critical importance of accurate tenant use disclosure in property insurance policies. - read more
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| Insurer Required to Honour Arson Claim Amidst Director's Undisclosed Criminal Past Tue, 24 Feb: The Australian Financial Complaints Authority (AFCA) recently ruled that an insurer must pay an arson claim, despite the insured company's director having an undisclosed criminal history. This decision emphasizes the insurer's responsibility to prove non-disclosure when denying claims. - read more
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| Soaring Insurance Premiums Leave NSW Businesses Underinsured Tue, 24 Feb: Business NSW has raised concerns over escalating insurance premiums, revealing that 64% of surveyed businesses are not fully insured against catastrophes. The survey also found that nearly 80% of businesses experienced double-digit premium increases over the past year, with one in three facing hikes exceeding 30%. - read more
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| Sure Insurance's Enhanced Strata Coverage: A Boon for Queensland Tue, 24 Feb: In a significant move to tackle affordability issues and improve access to insurance, Sure Insurance has increased its residential strata insurance cover to $20 million in replacement value for apartment complexes. This expansion aims to include higher-valued apartment complexes and boost competition in Northern and Regional Queensland. - read more
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| Insights from CHU's 2025 Strata Market Report Tue, 24 Feb: CHU, Australia's leading strata insurance underwriting agency, has released its 2025 State of the Strata Market report, providing a comprehensive analysis of the current trends and challenges within the strata industry. The report offers valuable insights into premium trends, climate-related risks, regulatory developments, and emerging sector challenges. - read more
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| Addressing Rising Insurance Costs: ICA's Call for Strata Law Reforms in Victoria Tue, 24 Feb: The Insurance Council of Australia (ICA) has called for significant reforms to Victoria's strata legislation, highlighting that inadequate governance and deferred maintenance are leading to increased insurance premiums for residents. With approximately one in five Victorians living in strata-titled properties, the impact of these issues is widespread and pressing. - read more
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| Extreme Weather Extends Shipping Times, Elevating Marine Insurance Risks Mon, 23 Feb: Extreme weather events are increasingly disrupting global shipping routes, leading to extended voyage times and heightened risks for marine insurers. In Australia, these disruptions are particularly concerning given the nation's reliance on maritime trade and the popularity of personal watercraft among enthusiasts. - read more
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| MIA Introduces Online Work Health & Safety Course for Marina Professionals Mon, 23 Feb: The Marina Industries Association (MIA) has unveiled a new online Work Health & Safety (WHS) Best Practice Course, specifically designed to address the unique risks and challenges faced by professionals in marina environments. This initiative underscores MIA's commitment to promoting safety and operational excellence within the Australian marina industry. - read more
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| Pelagic Risk Services Strengthens Commitment to Australian Marinas with Gold Sponsorship Mon, 23 Feb: Pelagic Risk Services, a specialist marine insurance broker, has recently elevated its support for the Australian marina industry by upgrading its sponsorship of the Marina Industries Association (MIA) from Silver to Gold. This move signifies Pelagic's deepening commitment to the sector and its dedication to providing tailored insurance solutions for marina operators across the nation. - read more
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| Australian Brokers Favour Non-Bank Lenders for SME Loans Mon, 23 Feb: In the evolving landscape of small and medium-sized enterprise (SME) financing in Australia, a significant trend has emerged: brokers are increasingly directing their clients towards non-bank lenders. This shift is primarily driven by the need for faster loan approvals and more streamlined application processes, especially for loans under $500,000. - read more
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| Australian SMEs Embrace Growth with Increased Loan Applications Mon, 23 Feb: Australian small and medium-sized enterprises (SMEs) are demonstrating a notable shift in their approach to financing, moving from survival-focused borrowing to strategies aimed at business expansion. This change is evidenced by a 42% year-on-year increase in loan applications during the December quarter of 2025, as reported by non-bank lender OnDeck Australia. - read more
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| Non-Bank Lenders Escalate Legal Actions Amid Rising SME Insolvencies Mon, 23 Feb: The Australian small and medium-sized enterprise (SME) sector is witnessing a significant shift in creditor enforcement dynamics, with non-bank lenders increasingly initiating court-based recovery actions. This trend coincides with a rise in SME insolvencies, underscoring the evolving challenges within the business financing landscape. - read more
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| Crusader Caravans and BIG4 Holiday Parks Join Forces to Elevate Your Caravanning Adventures Mon, 23 Feb: In a significant move for the Australian caravanning community, Crusader Caravans has partnered with BIG4 Holiday Parks to offer new caravan buyers exclusive benefits, enhancing the overall travel experience. This collaboration aims to provide added value to customers and encourage more Australians to explore the country's vast landscapes. - read more
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| MONEYME and Snowy River Caravans Partner to Offer Instant Caravan Financing Mon, 23 Feb: In a groundbreaking development for the Australian caravan industry, digital lender MONEYME has entered into an exclusive 12-month partnership with Snowy River Caravans. This collaboration introduces instant, on-the-spot financing options for customers through MONEYME's secured vehicle loan product, Autopay. - read more
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| Australian Caravan Industry Confronts Turbulent Times as Manufacturers Face Financial Struggles Mon, 23 Feb: The Australian caravan industry is currently navigating a period of significant upheaval, marked by the recent collapse of several manufacturers. Notably, luxury caravan producer Zone RV entered voluntary administration in December 2025, leaving creditors facing debts totaling approximately $40 million. This development has cast a shadow over the sector, raising concerns about the financial stability of caravan manufacturers. - read more
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| CHU's 2025 Report Highlights Stability in Strata Insurance Premiums Mon, 23 Feb: In its recently released 2025 State of the Strata Market report, CHU, Australia's leading strata insurance underwriting agency, provides a comprehensive analysis of the current state of the industry. The report indicates that strata insurance premiums have experienced a modest increase of 2.8%, rising from an average of $954 to $981 per lot annually in the year leading up to June 2025. This increment is notably lower than the 14% surge observed in house insurance premiums during the same period. - read more
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