| The Financial Perils of Travelling Uninsured: A Wake-Up Call for Australians Thu, 12 Mar: Recent research has unveiled a concerning trend: 14% of Australian travellers embark on international journeys without any form of travel insurance. This statistic is even more alarming among younger travellers under 30, with nearly one in four opting to travel uninsured. Such decisions expose individuals to significant financial risks, especially when unforeseen events occur abroad. - read more
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| IAG CEO Predicts Ongoing Insurance Premium Rises Thu, 12 Mar: Insurance Australia Group (IAG) has reported a significant 91% increase in net profit for the first half of the 2025 financial year, reaching $778 million. This surge is largely attributed to favourable weather conditions and a reduction in claims. Despite this positive financial performance, IAG's CEO, Nick Hawkins, has indicated that insurance premiums are expected to continue rising, albeit at a slower pace than in previous years. - read more
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| ICA Unveils Strategy to Combat Rising Motor Insurance Costs Thu, 12 Mar: The Insurance Council of Australia (ICA) has released a comprehensive report titled 'Motor Insurance Policy Paper – A Roadmap for Reducing Rising Premiums,' calling for urgent and coordinated action to address the systemic cost drivers behind escalating motor insurance premiums. The report highlights that comprehensive motor insurance premiums have increased by 42% since 2019, reaching an average of $1,052 per year in 2024. - read more
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| APRA Data Reveals Steady Performance in General Insurance Intermediaries Thu, 12 Mar: The Australian Prudential Regulation Authority (APRA) has released its latest bi-annual report on intermediated general insurance, providing insights into market activity for the six months ending June 2025. The data indicates a stable performance among general insurance intermediaries, with total premiums invoiced through intermediaries reaching $21.5 billion. Of this, $17.6 billion was placed with APRA-authorized general insurers, $2.6 billion with Lloyd’s underwriters, and $1.3 billion with unauthorized foreign insurers. - read more
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| ICA Advocates for Overhaul of Civil Liability Laws Amid Rising Insurance Premiums Thu, 12 Mar: 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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| Rising Public Liability Insurance Premiums Challenge Australian Businesses Thu, 12 Mar: Australian businesses are grappling with a significant rise in public liability insurance premiums, a trend attributed to outdated civil liability laws and escalating legal expenses. The Insurance Council of Australia (ICA) has highlighted that some businesses have experienced premium increases of up to 60% since 2019, placing additional financial strain on various sectors. - read more
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| ICA Calls for National Review of Civil Liability Laws Amid Rising Insurance Costs Thu, 12 Mar: The Insurance Council of Australia (ICA) is advocating for a national review of civil liability laws to address the escalating costs of public liability insurance premiums affecting businesses nationwide. The ICA's recent white paper underscores the need to modernise state and territory laws that have remained largely unchanged for nearly a quarter of a century. - read more
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| Café's Storm Damage Claim Reduced Due to Underinsurance Thu, 12 Mar: In a recent case, a café and catering business faced significant financial challenges after a storm forced its closure. The establishment ceased operations on August 28, 2024, and resumed on January 24, 2025, following repairs approved by their insurer, Suncorp. The insurer compensated the business with $280,570 for a year's gross profit loss and an additional $26,863 for increased operational costs. - read more
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| Insurer Ordered to Pay Arson Claim Despite Director's Past Convictions Thu, 12 Mar: A recent ruling by the Australian Financial Complaints Authority (AFCA) has significant implications for restaurant owners and their insurance policies. An insurer was ordered to pay an arson claim it had initially denied, citing the restaurant's sole director's failure to disclose his criminal history during the policy's inception. - read more
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| Undisclosed Tenant Changes Result in Denied Insurance Claim for Landlord Thu, 12 Mar: A recent decision by the Australian Financial Complaints Authority (AFCA) highlights the importance of landlords accurately disclosing tenant activities to their insurers. In this case, a landlord's failure to inform their insurer, AIG, about a tenant's change from operating a restaurant to hosting religious meetings led to the denial of a substantial theft claim. - read more
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| Insights from CHU's 2025 Strata Market Report Thu, 12 Mar: 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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| ICA Advocates for Strata Law Reforms in Victoria Thu, 12 Mar: 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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| Bhagwan Marine Announces $100 Million Stock Market Float Wed, 11 Mar: Bhagwan Marine, a prominent player in Australia's marine services industry, has unveiled plans for a $100 million initial public offering (IPO). This strategic move aims to bolster the company's growth trajectory and enhance its service offerings across the nation. - read more
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| Australian Marinas Appeal for Relief Amid Surging Insurance Premiums Wed, 11 Mar: Marina operators across northern Australia are facing unprecedented increases in insurance premiums, with some reporting hikes exceeding 300% in recent years. This surge has prompted urgent calls for government intervention to ensure the sustainability of the marine and tourism industries. - read more
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| Australian SMEs Embrace Growth with Increased Loan Applications Wed, 11 Mar: In a notable shift within the Australian small and medium-sized enterprise (SME) sector, businesses are increasingly seeking financing to fuel expansion rather than merely sustain operations. Data from OnDeck Australia indicates a 42% year-on-year increase in loan applications during the December quarter of 2025. Notably, 34% of these applicants aimed to fund business growth, up from 23% in the previous year, highlighting a significant change in SME financing behaviour. - read more
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| Non-Bank Lenders Escalate Legal Actions Amid Rising SME Insolvencies Wed, 11 Mar: Recent data reveals a significant shift in the enforcement landscape affecting Australian small and medium-sized enterprises (SMEs). Non-bank lenders have markedly increased their court-based recovery actions, coinciding with a rise in SME insolvencies. This trend emerges as major banks reduce their enforcement activities, highlighting a changing dynamic in creditor behaviour. - read more
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| RBA's Interest Rate Increase: A Double Blow for Australian SMEs Wed, 11 Mar: In February 2026, the Reserve Bank of Australia (RBA) raised the cash rate by 0.25% to 3.85%, marking the first increase in over two years. This decision, driven by persistent inflation and a tight labour market, has significant implications for Australian small and medium-sized enterprises (SMEs). - read more
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| Kokoda Caravans Extends Support to Zone RV Customers Amid Industry Turmoil Wed, 11 Mar: The Australian caravan industry has recently faced significant upheaval, notably with the collapse of luxury manufacturer Zone RV. This development has left numerous customers and suppliers grappling with substantial financial losses. In response, Melbourne-based Kokoda Caravans has stepped forward with a Community Support Initiative aimed at assisting those impacted by Zone RV's downfall. - read more
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| Lotus Caravans Launches Streamlined 2026 Range with Premium Upgrades Wed, 11 Mar: Lotus Caravans, a prominent name in Australia's off-road caravan sector, has unveiled its 2026 range, marking a strategic shift towards a more streamlined lineup enriched with premium features. This new range focuses on delivering enhanced value and performance to off-road enthusiasts. - read more
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| Gold Class Caravans Strengthens Australian Presence with Expanded Dealer Network Wed, 11 Mar: Gold Class Caravans, a recent entrant in the Australian caravan market, is making significant strides by expanding its dealer network across four states. This strategic growth aims to provide consumers with greater access to their feature-packed, Chinese-built caravans. - read more
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| CHU Unveils Enhanced Residential Strata Insurance Policy Wed, 11 Mar: CHU, Australia's leading strata insurance underwriting agency, has recently launched an upgraded residential strata insurance policy aimed at providing more comprehensive protection for property owners and strata communities. This initiative underscores CHU's commitment to evolving with the needs of its customers by simplifying insurance processes and enhancing community resilience. - read more
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| ICA Advocates for Reforms to Victoria's Strata Legislation Wed, 11 Mar: The Insurance Council of Australia (ICA) has recently called for significant reforms to Victoria's strata legislation, highlighting a direct correlation between inadequate governance and escalating insurance premiums for residents. With approximately one in five Victorians residing in strata-titled properties, the need for effective management and oversight has become increasingly critical. - read more
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| NSW Implements Strata Reforms to Strengthen Maintenance Compliance Wed, 11 Mar: The New South Wales (NSW) government has introduced a new tranche of strata reforms aimed at enhancing the maintenance and safety of apartment buildings across the state. A key component of these reforms is the proposal to grant NSW Fair Trading the authority to enter any apartment building without a warrant if there are reasonable grounds to believe that the owners corporation is failing to maintain common property adequately. - read more
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| Australian Insurers Anticipate Earnings Decline Following Record Highs Wed, 11 Mar: In the 2024-25 financial year, Australia's general insurance sector achieved a remarkable return on equity (ROE) of 19%, marking the highest profitability in a decade. This exceptional performance was driven by robust underwriting results, substantial investment returns, and a period of relatively mild natural disaster activity. However, industry experts caution that such elevated earnings are unlikely to persist. - read more
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| Significant Drop in Australian Commercial Insurance Rates in Late 2025 Wed, 11 Mar: In the fourth quarter of 2025, Australia's commercial insurance sector experienced a notable 12% decline in rates, marking the most substantial reduction among the eight regions monitored by Marsh Risk's Global Insurance Market Index. This decrease follows an 11% drop in the preceding quarter, indicating a sustained trend of rate reductions in the Australian market. - read more
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| Australian Insurers Adapt Strategies in Response to Emerging Challenges Wed, 11 Mar: The Australian insurance industry is currently navigating a complex landscape marked by rising operational costs, escalating cybersecurity threats, and a competitive talent market. These challenges are prompting insurers to reassess and reshape their strategic priorities to sustain growth and profitability. - read more
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| Significant Increase in Health Insurance Premiums Set for April 2026 Wed, 11 Mar: Australian health insurance policyholders are bracing for a substantial increase in premiums, with rates set to rise by 4.41% from April 1, 2026. This adjustment represents the most significant annual hike since 2017, when premiums increased by 4.84%. - read more
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| Artificial Intelligence Revolutionises Insurance Sector in Australia and New Zealand Wed, 11 Mar: Insurance companies across Australia and New Zealand are increasingly integrating artificial intelligence (AI) into their operations, aiming to become data-driven, digital-first organisations. This strategic shift is driven by the need to enhance efficiency, comply with evolving regulations, and meet changing consumer expectations. - read more
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| Rising Home Insurance Costs in Northern Australia Challenge Affordability Wed, 11 Mar: Homeowners in Northern Australia are experiencing significant increases in insurance premiums, despite the federal government's implementation of a cyclone reinsurance pool aimed at reducing costs in cyclone-prone regions. This development raises concerns about the effectiveness of current measures and the ongoing challenges in making insurance affordable for residents in high-risk areas. - read more
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| AIA Australia's New Partnerships Encourage Cycling Among Members Wed, 11 Mar: In a strategic move to promote physical activity among its members, AIA Australia has announced partnerships with global fitness company Peloton and premium cycling brand Specialized. These collaborations aim to provide AIA Vitality members with significant discounts on cycling equipment, thereby encouraging a more active lifestyle. - read more
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| Health Insurers and Natural Therapists Unite to Establish Accreditation Standards Wed, 11 Mar: In a significant development for the integration of natural therapies into mainstream healthcare, Australian health insurers are collaborating with natural therapy associations to develop accreditation and claims frameworks. This initiative follows recent legislative changes that permit health funds to offer rebates for specific natural therapies, including Yoga, Pilates, Tai Chi, Shiatsu, Naturopathy, Western herbal medicine, and the Alexander Technique. - read more
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| News Corp Australia's 'Health of the Nation' Campaign Returns with New Collaborations Wed, 11 Mar: News Corp Australia has relaunched its 'Health of the Nation' campaign for the third consecutive year, aiming to drive healthier habits among Australians. This year's campaign features Woolworths as the presenting partner for the third time and introduces Anytime Fitness as a new supporting partner. - read more
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| Understanding the RBA's February Rate Cut and Its Impact on Your Finances Tue, 10 Mar: In February 2025, the Reserve Bank of Australia (RBA) reduced the cash rate by 0.25 percentage points, bringing it down to 4.10%. This move, the first rate cut since November 2020, aims to stimulate economic growth amid slowing inflation and global uncertainties. - read more
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| Navigating APRA's New Debt-to-Income Loan Cap: Implications for Borrowers Tue, 10 Mar: The Australian Prudential Regulation Authority (APRA) has announced a significant policy change, introducing a 20% cap on new loans with a debt-to-income (DTI) ratio exceeding six times the borrower's income. This measure, effective from February 2026, aims to mitigate potential risks associated with high levels of household debt. - read more
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| The Rise of Cryptocurrency-Backed Loans in Australia: Opportunities and Risks Tue, 10 Mar: In recent years, Australia has witnessed the emergence of cryptocurrency-backed loans, where digital assets like Bitcoin and Ethereum are used as collateral. This innovative lending practice offers borrowers access to funds without liquidating their crypto holdings, appealing to those who anticipate future appreciation of their digital assets. - read more
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| ASIC's Investigation Highlights Concerns in Car Finance Practices Tue, 10 Mar: The Australian Securities and Investments Commission (ASIC) has conducted a comprehensive review of the nation's motor vehicle finance sector, uncovering significant issues that raise concerns about consumer protection and lending practices. - read more
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| Macquarie Bank Transfers $1.5 Billion Car Loan Portfolio to Allied Credit Tue, 10 Mar: In a significant development within the Australian financial sector, Macquarie Bank has agreed to sell a substantial portion of its car loan portfolio to Allied Credit, a leading independent financier. This transaction involves the transfer of over 50,000 car loans, amounting to approximately $1.5 billion, and is expected to be completed by the fourth quarter of 2025. - read more
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| ASIC Initiates Comprehensive Review of Car Finance Practices in Regional and First Nations Communities Tue, 10 Mar: The Australian Securities and Investments Commission (ASIC) has embarked on a thorough review of the motor vehicle finance sector, aiming to bolster consumer protections, particularly for individuals in regional and remote areas, including First Nations communities. This initiative underscores ASIC's commitment to ensuring fair and responsible lending practices across the nation. - read more
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| Significant Health Insurance Premium Increase Set for April 2026 Tue, 10 Mar: Australian health insurance policyholders are set to experience a substantial increase in their premiums, with an average rise of 4.41% scheduled to take effect from April 2026. This adjustment marks the most significant hike since 2017 and is expected to impact over 15 million Australians who hold private health insurance policies. - read more
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| Private Health Insurers Refund $4.8 Billion to Policyholders Post-Pandemic Tue, 10 Mar: In a significant move, Australian private health insurers have refunded nearly $4.8 billion to policyholders, fulfilling their commitment not to profit from the reduced access to health services during the COVID-19 pandemic. This substantial refund comes after widespread cancellations of elective surgeries and other medical appointments during lockdowns, which led to considerable savings for insurers. - read more
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| AMA Report Reveals Erosion of Value in Private Health Insurance Tue, 10 Mar: The Australian Medical Association (AMA) has released its latest Private Health Insurance Report Card, highlighting a concerning trend where Australians are paying higher premiums for private health insurance while receiving diminished value in return. The report indicates that nearly 70% of policies now contain exclusions, limiting the coverage available to policyholders. - read more
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| AUSactive's New Insurance Offering: Enhanced Protection at Lower Costs Tue, 10 Mar: AUSactive has unveiled a new insurance solution designed specifically for fitness and active health professionals. This initiative aims to provide enhanced protection while offering lower premiums compared to existing market options. - read more
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| Health Insurance Reforms: Inclusion of Natural Therapies from 2026 Tue, 10 Mar: In a significant policy shift, Australian health insurers will begin offering rebates for a range of natural therapies, including Yoga, Pilates, Tai Chi, Shiatsu, Naturopathy, Western herbal medicine, and the Alexander Technique, starting early 2026. This change follows legislative amendments allowing these therapies to be covered under private health insurance for the treatment of health conditions or as part of health management programs. - read more
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| AIA Australia's New Insurance Portal: Revolutionising Claims Processing Tue, 10 Mar: AIA Australia has unveiled its cutting-edge Member Insurance Portal, designed to streamline the insurance experience for group insurance customers. This digital innovation focuses on optimizing the claims process, providing members with the ability to track their claims throughout the entire lifecycle, thereby ensuring transparency and simplicity during potentially challenging times. - read more
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| Navigating Rising Premiums and Cybersecurity Threats in Australia's Insurance Sector Tue, 10 Mar: The Australian insurance industry is currently grappling with two significant challenges: escalating premiums and increasing cybersecurity threats. These issues are reshaping the landscape for insurers and policyholders alike. - read more
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| Analyzing the Robust Financial Performance of Australia's Insurance Industry in 2024 Tue, 10 Mar: The Australian Prudential Regulation Authority (APRA) has released its quarterly industry aggregate insurance statistical publications for the December 2024 quarter, revealing a strong financial performance across the general, life, and private health insurance sectors. - read more
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| Examining the Controversy Surrounding Rising Premiums and Profits in Australia's Insurance Sector Tue, 10 Mar: Recent developments in Australia's insurance industry have sparked significant debate, as insurers report substantial profits alongside notable premium increases, leading to concerns about pricing transparency and consumer impact. - read more
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| Introducing Quipex's Digital Logbook: A Game-Changer for Building Maintenance and Insurance Tue, 10 Mar: In an innovative move to address rising insurance premiums in the property sector, construction compliance platform Quipex has unveiled a digital logbook designed to centralise building maintenance records. This tool aims to fill the existing data void that often leads insurers to estimate risks, potentially resulting in higher premiums. - read more
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| Cyclone Reinsurance Pool Expands to Cover 3.1 Million Australian Buildings Tue, 10 Mar: The Australian Reinsurance Pool Corporation (ARPC) has reported a substantial expansion of the cyclone reinsurance pool, now encompassing 3.1 million buildings with a total exposure nearing $2.17 trillion. This development marks a significant stride in enhancing insurance affordability and accessibility in cyclone-prone regions. - read more
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| Residential Construction Code Changes Paused Until 2029 to Accelerate Housing Development Tue, 10 Mar: In a concerted effort to expedite housing development across Australia, state and territory building ministers have agreed to postpone residential changes to the National Construction Code (NCC) until mid-2029. This decision aims to streamline the construction process and address the nation's housing shortage by reducing regulatory burdens on builders. - read more
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| IMB Bank Recognised as Australia's Leading Personal Loan Provider in 2026 Mon, 09 Mar: In a significant achievement, IMB Bank has been named Australia's Best Personal Loan lender for 2026 by Mozo, a leading financial comparison platform. This marks the second consecutive year that IMB Bank has secured this prestigious title, underscoring its consistent commitment to providing exceptional value in personal lending. - read more
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| APRA's New Debt-to-Income Cap Aims to Curb High-Risk Mortgage Lending Mon, 09 Mar: The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at mitigating risks associated with high debt-to-income (DTI) mortgage lending. Effective from 1 February 2026, APRA will enforce a cap, limiting banks to allocating no more than 20% of new mortgages to borrowers whose total debt exceeds six times their income. - read more
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| Record Surge in Investor Lending Raises Regulatory Concerns Mon, 09 Mar: Recent data from the Australian Prudential Regulation Authority (APRA) indicates a significant surge in investor lending, with new investment loans totalling $72 billion in the September quarter of 2025. This marks a 12% increase from the previous quarter, highlighting a robust appetite among investors for property acquisitions. - read more
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| ASIC Advocates for Stricter Oversight in Private Lending Mon, 09 Mar: The Australian Securities and Investments Commission (ASIC) has recently highlighted significant concerns within the nation's burgeoning private lending sector. This rapidly expanding industry, also known as private credit, has extended approximately $200 billion in loans, predominantly to high-risk real estate developers and property investors, often at interest rates substantially higher than those offered by traditional banks. - read more
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| Non-Bank Lending Growth Triggers Regulatory Attention Mon, 09 Mar: Australia's non-bank lending sector is experiencing unprecedented growth, attracting increased scrutiny from regulatory authorities such as the Australian Securities and Investments Commission (ASIC) and the Reserve Bank of Australia (RBA). This surge is driven by borrowers seeking alternatives to traditional banks, often in pursuit of more flexible lending terms or to circumvent stringent banking regulations. - read more
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| Coalition's Plan to Ease Home Loan Regulations Mon, 09 Mar: The Coalition has announced a proposal to relax home lending rules in Australia, a move aimed at facilitating access to mortgages for first-time homebuyers. This initiative focuses on adjusting the Australian Prudential Regulation Authority's (APRA) serviceability buffer, which currently requires banks to assess borrowers' ability to repay loans at an interest rate 3% higher than the actual loan rate. - read more
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| Australian Families Opt for Caravan Holidays to Combat Rising Travel Costs Mon, 09 Mar: In response to escalating travel expenses, a growing number of Australian families are choosing caravan holidays as a more affordable alternative. This trend has led to a significant increase in demand for caravan rentals and camping trips across the nation. - read more
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| Rise of Chinese-Built Caravans in Australia Amid Local Sales Slump Mon, 09 Mar: The Australian caravan market is experiencing a notable shift, with Chinese-built caravans gaining a stronger foothold as local manufacturers report a downturn in sales. This trend was evident at the Geelong Outdoor Living & Caravan Expo in January 2026, where an increased presence of imported, Australian-style caravans was observed. - read more
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| New Partnership Offers Discounted Loans for Hyundai and Kia Electric Vehicles Mon, 09 Mar: The Clean Energy Finance Corporation (CEFC) has announced a partnership with Hyundai Capital Australia (HCAU) to offer discounted financing options for eligible Hyundai and Kia electric vehicles (EVs). This initiative aims to reduce the upfront costs associated with EV ownership, making it more accessible for Australian households and small businesses. - read more
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| ASIC Identifies Concerning Practices in Australia's Car Finance Sector Mon, 09 Mar: The Australian Securities and Investments Commission (ASIC) has conducted a comprehensive review of the motor vehicle finance sector, uncovering significant issues that raise concerns about consumer protection and responsible lending practices. - read more
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| Surge in Used Hybrid Car Sales Reflects Australia's Shift Towards Sustainable Transportation Mon, 09 Mar: The Australian automotive market is witnessing a notable increase in the sales of used hybrid vehicles, indicating a growing consumer preference for sustainable yet practical transportation options. - read more
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| ASIC's Findings Highlight Urgent Need for Reform in Car Finance Sector Mon, 09 Mar: The Australian Securities and Investments Commission (ASIC) has recently conducted a comprehensive review of the motor vehicle finance sector, uncovering significant issues that adversely affect consumers. This investigation was initiated in response to a surge in complaints regarding high costs associated with car financing. - read more
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| CEFC and Hyundai Capital Australia Collaborate to Lower EV Loan Rates Mon, 09 Mar: The Clean Energy Finance Corporation (CEFC) has announced a significant partnership with Hyundai Capital Australia (HCAU), committing up to $60 million to reduce the upfront costs associated with electric vehicle (EV) ownership. This initiative is designed to make EVs more accessible to Australian households and small businesses by offering discounted finance rates on eligible Hyundai and Kia electric models. - read more
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| Australia's Electric Vehicle Financing Hits $6 Billion Milestone in 2024 Mon, 09 Mar: In 2024, Australia witnessed a remarkable surge in electric and hybrid vehicle financing, with total loans reaching $6.17 billion—a 50% increase from the previous year. This substantial growth underscores a nationwide shift towards more sustainable transportation options. - read more
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| Delays in Australia's Strategic Fleet Initiative Raise Maritime Security Concerns Mon, 09 Mar: The Australian government's ambitious plan to establish a strategic fleet of Australian-flagged ships has encountered significant delays, missing its initial deadline to announce the first vessels. This fleet is intended to bolster the nation's maritime resilience by providing vessels that can be requisitioned during crises or emergencies. The delay has sparked concerns among industry experts about Australia's growing vulnerabilities in trade and national security. - read more
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| Prolonged Algal Bloom in South Australia Devastates Marine Life and Local Industries Mon, 09 Mar: Since March 2025, South Australia has been grappling with a harmful algal bloom (HAB) that has severely impacted marine life and local industries. The bloom, primarily consisting of the dinoflagellate Karenia mikimotoi, has led to mass fish deaths and posed significant challenges to the fishing and tourism sectors. - read more
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| Australian Marine Industry Surges to $229 Billion Economic Output Mon, 09 Mar: The Australian marine industry has achieved a remarkable economic milestone, reaching an output of $229 billion in 2023. This represents a 19% increase compared to two years prior, as reported by the Australian Institute of Marine Science (AIMS). The surge is primarily attributed to the resurgence of domestic tourism and the expansion of the natural gas sector. - read more
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| Isuzu Australia Introduces Innovative Truck Leasing and Finance Services Mon, 09 Mar: Isuzu Australia has announced the establishment of Isuzu Financial Services Australia (IFSA), a pioneering truck leasing and finance company set to commence operations in the third quarter of next year. This initiative marks the first time the Isuzu Group has founded such a company outside Japan, highlighting the strategic importance of the Australian market. - read more
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| Inattention and Speed Identified as Primary Causes of Major Truck Crashes Mon, 09 Mar: 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 reveal that human factors, particularly inattention, distraction, and inappropriate speed, continue to be the leading contributors to these incidents. - read more
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| NAB Adjusts Fixed Home Loan Rates in Response to Potential RBA Moves Sun, 08 Mar: In January 2026, the National Australia Bank (NAB) announced an increase in its fixed home loan interest rates by up to 0.40 percentage points. This adjustment marks the second such increase within a six-week period, reflecting the bank's proactive stance in anticipation of potential cash rate hikes by the Reserve Bank of Australia (RBA). - read more
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| Club Marine Introduces Insurance Coverage for Race Boats Sun, 08 Mar: Club Marine, Australia's leading boat insurance provider, has unveiled a new insurance policy tailored specifically for race boats during storage and transit. This initiative aims to support participants in the Australian Offshore Superboat Championship by offering coverage for accidental loss, damage, theft, or malicious damage while the boats are on land and on their trailers. - read more
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| Seavolt and d'Albora Marinas Establish Electric Boat Charging Network Sun, 08 Mar: In a significant move towards sustainable boating, Seavolt, an Australian marine charging firm, has partnered with d'Albora Marinas to launch the country's first DC fast-charging network for electric boats. This collaboration addresses the growing demand for eco-friendly marine solutions and positions Australia at the forefront of the global electric boating movement. - read more
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| BIA and AFTA Unite to Strengthen Australia's Boating and Fishing Sectors Sun, 08 Mar: In a landmark move for Australia's outdoor recreation sector, the Boating Industry Association (BIA) and the Australian Fishing Trade Association (AFTA) have formalized an agreement to collaborate more closely. This partnership is designed to benefit their combined membership base and bolster support for boat-based fishing across the nation. - read more
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| CFMOTO Launches 500SR VOOM: A Fusion of Retro Style and Modern Performance Sun, 08 Mar: CFMOTO Australia has announced the arrival of its most evocative sports bike to date—the all-new 500SR VOOM. This four-cylinder neo-retro machine combines the nostalgia of 1980s and 1990s race bikes with cutting-edge engineering, offering a unique blend of style and performance in the middleweight segment. - read more
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| New Legislation Prohibits Life Insurers from Using Genetic Test Results Sun, 08 Mar: The Australian government has enacted legislation prohibiting life insurers from using the results of genetic tests to refuse coverage or increase premiums. This landmark decision aims to eliminate genetic discrimination and encourage individuals to undergo potentially life-saving genetic testing without fear of financial repercussions. - read more
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| Australian Insurers Face Challenges in Cyber and AI Risk Readiness Sun, 08 Mar: Recent findings from the PwC Insurance Banana Skins Survey have raised concerns about the preparedness of Australian insurers in managing emerging risks, particularly those associated with cyber threats and artificial intelligence (AI). The survey, which gathered insights from 698 insurance executives across 42 territories, including 37 from Australia, indicates that Australian insurers scored 6.6% lower on the Preparedness Index compared to their global counterparts. - read more
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| Rising Insurance Premiums Pose Challenges for Australian Businesses Sun, 08 Mar: Businesses across New South Wales are grappling with substantial increases in insurance premiums, prompting calls for urgent reforms to alleviate financial pressures. According to Business NSW's latest Business Conditions Survey, nearly 80% of businesses have experienced double-digit hikes in insurance costs over the past year, with one in three reporting increases of 30% or more. These surges significantly outpace the annual inflation rate of 2.5%, placing an undue burden on the business community. - read more
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| Impact of Victorian Bushfires on Home Insurance Costs Sun, 08 Mar: Recent bushfires in Victoria have caused significant devastation, leading to concerns about rising insurance premiums for homeowners in affected areas. The Insurance Council of Australia (ICA) has declared the fires a catastrophic event, with over 2,600 claims already lodged. This situation underscores the financial challenges faced by residents in regions prone to natural disasters. - read more
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| Rising Home Insurance Costs Affect 1.6 Million Australian Households Sun, 08 Mar: A recent report by the Actuaries Institute has highlighted a concerning trend: approximately 1.6 million Australian households are now facing home insurance affordability stress. This marks a significant increase from the 1.24 million reported the previous year, indicating a growing financial burden on homeowners due to escalating insurance premiums. - read more
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| Medibank's Profit Surge Amidst Rising Health Insurance Premiums Sun, 08 Mar: Medibank Private, one of Australia's leading health insurers, has reported a notable increase in its interim net profit, attributed to a rise in the number of Australians taking out health insurance policies. This development comes amidst a backdrop of escalating health insurance premiums, raising questions about the dynamics between insurer profitability and consumer affordability. - read more
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| Australian Insurers Adapt Investment Strategies in Response to Geopolitical Shifts Sat, 07 Mar: Australian insurers are actively revising their investment portfolios in response to evolving geopolitical events and economic conditions. According to the 2025 Australian Insurance Report by Janus Henderson Investors, 47% of insurers plan to increase their investment portfolio risk over the next 12 months, with a significant focus on private markets. - read more
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| Rising Insurance Premiums: What Australian Beauticians Need to Know Sat, 07 Mar: Recent industry reports indicate that Australian insurers are facing significant challenges due to escalating claims costs and broader economic pressures. This trend is leading to adjustments in premium rates, which could have direct implications for beauty salon owners and professionals. - read more
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| How AI is Transforming Investment Strategies in Australia's Insurance Sector Sat, 07 Mar: The Australian insurance industry is increasingly turning to artificial intelligence (AI) to refine investment strategies and enhance portfolio performance. A recent report by Janus Henderson Investors reveals that nearly half of Australian insurers plan to increase their investment portfolio risk over the next year, with AI playing a pivotal role in this shift. - read more
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| What Beauticians Can Expect from the Upcoming Insurance News Outlook 2026 Conference Sat, 07 Mar: The Insurance News Outlook 2026 conference, scheduled for March 19 in Sydney, is set to delve into the evolving landscape of claims trends and the accelerating influence of technology within the insurance industry. This event presents a valuable opportunity for beauty salon owners and professionals to gain insights into developments that could impact their insurance coverage and claims processes. - read more
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| IAG CEO Predicts Ongoing Insurance Premium Rises Sat, 07 Mar: Insurance Australia Group (IAG), a leading insurer in Australia, has reported a significant 91% increase in net profit for the first half of the 2024-2025 financial year, reaching $778 million. This substantial profit growth is largely attributed to favourable weather conditions during the period. - read more
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| Government Taxes Amplify Insurance Premium Increases Sat, 07 Mar: Australian policyholders are facing escalating insurance premiums, with government-imposed taxes significantly contributing to the financial strain. In New South Wales, for instance, residents are subject to multiple taxes on their insurance policies, including stamp duty and the emergency services levy. These taxes can add hundreds of dollars to the average premium, exacerbating the affordability crisis for many homeowners and businesses. - read more
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| Major Housing Initiative to Benefit First Home Buyers in South Australia Sat, 07 Mar: In a significant move to address housing affordability, the Australian and South Australian governments have announced a partnership to construct 17,000 new homes across the state. This initiative, unveiled on 30 January 2026, aims to provide nearly 7,000 homes specifically for first home buyers, thereby facilitating easier access to the property market for many South Australians. - read more
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| ASIC Proposes Stricter Regulations for Private Lending Industry Fri, 06 Mar: The Australian Securities and Investments Commission (ASIC) has announced plans to implement stricter regulations within the private lending sector, aiming to enhance transparency and safeguard investors. This initiative follows a comprehensive review that revealed significant inconsistencies and opaque practices among private credit providers. - read more
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| Australian Business Loan Demand on the Rise Fri, 06 Mar: Recent data from the Broker Pulse: Commercial Lending report indicates a significant uptick in demand for business loans and commercial mortgages across Australia. This trend reflects growing economic confidence among businesses as they seek to expand and invest in new opportunities. - read more
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| APRA Sets New Debt-to-Income Limits for Mortgage Lending Fri, 06 Mar: The Australian Prudential Regulation Authority (APRA) has announced the implementation of new debt-to-income (DTI) limits, effective from February 1, 2026. This regulatory measure is designed to mitigate financial risks associated with high-DTI mortgages in the Australian housing market. - read more
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| Prospa Achieves $5 Billion Milestone in SME Lending Fri, 06 Mar: Prospa, a leading non-bank lender specialising in small and medium-sized enterprise (SME) financing, has recently surpassed $5 billion in total funding since its inception in 2012. This significant achievement underscores Prospa's commitment to supporting Australian SMEs by providing accessible and flexible loan options. - read more
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| Renown Lending Boosts SME Funding to $400 Million Nationwide Fri, 06 Mar: Renown Lending has announced a significant expansion of its funding pool, increasing it from $250 million to $400 million. This move aims to provide comprehensive financial support to small and medium-sized enterprises (SMEs) across all Australian states, addressing the growing demand for flexible and accessible business financing. - read more
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| Summer Surge in Rural Crime: Protecting Australian Farms Fri, 06 Mar: WFI Insurance has reported a significant increase in rural crime during the summer months, with January experiencing approximately 14% more crime-related insurance claims than any other month. This trend underscores the need for heightened vigilance and enhanced security measures on Australian farms during this period. - read more
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| Achmea Australia's Comprehensive Flood Cover: A Game-Changer for Farmers Fri, 06 Mar: In a significant development for Australian farmers, Achmea Australia has announced that flood cover is built into its farm insurance policies. This offering addresses a critical gap in the market, as many leading underwriters have traditionally excluded flood coverage from their farm policies. - read more
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| NAB Continues to Dominate Australia's Expanding Business Lending Market Fri, 06 Mar: The Australian business lending landscape has witnessed significant growth, with the total lending to non-financial businesses reaching $1.2 trillion as of January 2026. This marks a 9.3% increase over the year and a substantial 53.9% rise compared to January 2020, according to the Australian Prudential Regulation Authority (APRA). - read more
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| Westpac's Bold Move: Prioritising Business Lending in New Strategy Fri, 06 Mar: In a significant transformation, Westpac Banking Corporation is undertaking a strategic shift to bolster its presence in Australia's business lending sector. The bank plans to replace traditional in-branch tellers with dedicated bankers specialising in home and business lending. This move is part of a broader initiative to enhance customer service and streamline operations. - read more
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| The Rise of Non-Bank Lenders in Australia's SME Financing Landscape Fri, 06 Mar: The Australian small and medium-sized enterprise (SME) sector is experiencing a notable shift in financing preferences, with non-bank lenders gaining significant traction. This trend is driven by SMEs seeking more flexible and accessible funding options to support their growth ambitions. - read more
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| AFCA Grants Indefinite Extension for Superannuation Complaints Fri, 06 Mar: The Australian Financial Complaints Authority (AFCA) has announced an indefinite extension to the deadline for lodging complaints related to collapsed superannuation funds. This decision aims to provide additional time for affected individuals to seek redress, acknowledging that many victims have yet to come forward. - read more
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| RBA Signals Possible Interest Rate Increase Amid Oil Price Surge Fri, 06 Mar: The Reserve Bank of Australia (RBA) is contemplating a potential increase in interest rates, prompted by a significant rise in oil prices and the associated inflationary pressures. Governor Michele Bullock has indicated that the possibility of a rate hike is 'live' for the upcoming meeting, as the central bank assesses the economic impact of recent geopolitical events. - read more
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| Australia's Economy Expands by 2.6% in December Quarter Fri, 06 Mar: Australia's economy has experienced a notable expansion, with Gross Domestic Product (GDP) growing by 2.6% in the December quarter. This marks the fastest annual growth rate in nearly three years, driven primarily by increased government and household spending. - read more
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| Marinas26 Conference to Explore AI and Superyacht Strategies Fri, 06 Mar: The Marina Industries Association (MIA) has unveiled the comprehensive program for Marinas26, its premier biennial conference and trade exhibition, scheduled for 24–27 May 2026 at the RACV Royal Pines Resort on Queensland’s Gold Coast. This year’s theme, 'Future Smart,' aims to delve into the transformative trends and technologies poised to redefine the marina and boatyard sectors across the Asia-Pacific region and beyond. - read more
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| Australian Marine Industry's Economic Output Hits $229 Billion Fri, 06 Mar: The Australian marine industry has reached a remarkable economic milestone, with its output soaring to $229 billion in 2023. This 19% increase from previous years underscores the sector's robust growth and its pivotal role in the national economy. - read more
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| BIA Advocates for Government Support in Marine Manufacturing Fri, 06 Mar: The Boating Industry Association Ltd (BIA) is calling on all levels of Australian government to provide strategic support to the nation's marine manufacturing and recreational boating sector. This appeal comes in response to a significant skills shortage that threatens the industry's substantial economic contributions. - read more
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| NAB Continues to Dominate Australia's Expanding Business Lending Market Fri, 06 Mar: In January 2026, Australia's business lending landscape reached a significant milestone, with authorised deposit-taking institutions (ADIs) reporting a combined total of $1.2 trillion in loans to non-financial businesses. This marks a 9.3% increase over the previous year and a substantial 53.9% growth since January 2020. Among the major players, National Australia Bank (NAB) continues to lead, boasting a loan book of $261.1 billion, reflecting an 11.6% year-on-year growth. - read more
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| Westpac's Bold Move to Reinforce Its Business Lending Focus Fri, 06 Mar: In a strategic effort to bolster its presence in the business lending sector, Westpac Banking Corporation has announced a significant restructuring of its operations. The bank plans to replace a substantial number of in-branch tellers with business bankers, aiming to enhance support for small and medium-sized enterprises (SMEs) across Australia. - read more
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| Renown Lending's Nationwide Expansion to Support Australian SMEs Fri, 06 Mar: In response to the escalating demand for small and medium-sized enterprise (SME) financing, Renown Lending has announced an expansion of its funding pool from $250 million to $400 million. This substantial increase is designed to provide fast and flexible funding solutions to SMEs across all Australian states. - read more
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| Ducati's Financial Triumph: Over €1 Billion Revenue in 2024 Fri, 06 Mar: Ducati has once again demonstrated its financial prowess by reporting revenues exceeding €1 billion for the third consecutive year in 2024. This achievement underscores the company's robust position in the global motorcycle industry and its commitment to delivering high-quality products to enthusiasts worldwide. - read more
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| Navigating the 1.3% Decline in Australian Motorcycle Sales in 2025 Fri, 06 Mar: The Australian motorcycle market faced a modest decline in 2025, with total sales decreasing by 1.3% compared to the previous year. According to the Federal Chamber of Automotive Industries (FCAI), 92,967 motorcycles and off-highway vehicles were sold throughout the year. This downturn reflects ongoing economic pressures affecting discretionary spending among consumers. - read more
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| Peter Stevens Motorcycles Faces Financial Turmoil with Massive Debt Fri, 06 Mar: In a significant development for the Australian motorcycle industry, Peter Stevens Motorcycles, a cornerstone of the sector since 1970, has entered voluntary administration. The company faces debts exceeding $65.9 million, a situation that casts uncertainty over the future of its 400 employees and numerous customers. - read more
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| Western Australia's Transport Sector Pushes for Enhanced Truck Licensing Standards Fri, 06 Mar: Western Australia's leading transport organisations are urging the state government to reform the heavy vehicle licensing system to enhance road safety. This initiative follows South Australia's implementation of more stringent licensing conditions after a tragic triple fatality in 2024. - read more
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| Federal Court Denies Insurance Claim of Truck Driver Over Superannuation Coverage Fri, 06 Mar: In a recent ruling, the Federal Court of Australia dismissed a claim by logging truck driver Bradley Henschke against the Australian Retirement Trust. The court found that Mr. Henschke did not have active insurance coverage through his superannuation accounts, leading to the denial of his claim. - read more
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| Insurers Alert to Elevated Road Risks Amid Holiday Freight Traffic Surge Fri, 06 Mar: As the holiday season approaches, Australian insurers and transport specialists are raising concerns about heightened road risks resulting from the convergence of increased freight activity and holiday travel. This period sees a significant uptick in both passenger vehicles and heavy trucks on the roads, amplifying the potential for accidents and safety incidents. - read more
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| Australian Insurers Achieve Record Profits Amid Rising Premiums Fri, 06 Mar: In 2024, Australia's insurance industry recorded an after-tax profit of $6.1 billion, a significant increase from the five-year average of $2 billion. This surge is primarily attributed to substantial premium hikes and a reduction in severe weather events. - read more
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| AFCA Challenges Suncorp's 60% Home Insurance Premium Hike Fri, 06 Mar: The Australian Financial Complaints Authority (AFCA) has directed Suncorp to reassess a 60% increase in a customer's home insurance premium after the insurer failed to provide persuasive evidence justifying the hike. This decision comes amid a backdrop of rising complaints about general insurers, with AFCA reporting record levels of grievances. - read more
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| Allianz Australia Penalized for Misleading Insurance Practices Fri, 06 Mar: In February 2025, Allianz Australia and its subsidiary AWP Australia were fined $16.8 million for making false and misleading statements. The Commonwealth Director of Public Prosecutions imposed the fines following an investigation and referral by the Australian Securities and Investments Commission (ASIC). - read more
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| Australian Sharemarket Approaches Record Highs Fri, 06 Mar: The Australian sharemarket is on the verge of reaching a new record high, propelled by a robust performance in the banking sector. The S&P/ASX 200 Index recently climbed 1.2%, closing at 8520.70, just shy of its all-time peak of 8532.30. This upward momentum reflects renewed investor confidence, particularly in financial stocks. - read more
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| RBA Maintains Interest Rates Amid Inflation Concerns Fri, 06 Mar: The Reserve Bank of Australia (RBA) has decided to keep the cash rate unchanged at 3.6% during its latest policy meeting. This decision aligns with market expectations, especially in light of recent robust data on inflation and consumer demand. The RBA expressed concerns over increasing inflation risks and indicated that it would need more time to assess the persistence of price pressures. - read more
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| Australian Dollar Reaches Year-High Against US Dollar Fri, 06 Mar: The Australian dollar has recently achieved a year-high, trading at US70¢, as the US dollar experiences a decline. This development is largely attributed to the United States negotiating new trade agreements, which have influenced global currency markets. - read more
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| Significant Increase in First Home Buyer Loans in December Quarter Fri, 06 Mar: Recent data from the Australian Bureau of Statistics indicates a notable uptick in first home buyer loans during the December quarter, with applications rising by nearly 7%. This marks the most substantial increase since 2023, reflecting a renewed interest among first-time buyers in entering the property market. - read more
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| Government's 5% Deposit Scheme Expansion Spurs First Home Buyer Interest Fri, 06 Mar: The Australian government's recent expansion of the 5% deposit scheme has significantly influenced first home buyer activity. In October, 5,778 first home buyer guarantees were issued under the scheme, marking a 48% increase compared to the same period the previous year. This substantial rise indicates a growing confidence among first-time buyers, facilitated by the government's supportive measures. - read more
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| Interest Rate Reductions Drive First Home Buyers Towards New Build Properties Fri, 06 Mar: Recent interest rate cuts by the Reserve Bank of Australia have had a notable impact on the housing market, particularly among first home buyers. With the cash rate reduced to 3.85%, the lowest in over two years, borrowing has become more affordable, prompting a shift towards new build properties. - read more
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| WA Transport Sector Pushes for Enhanced Truck Licensing Standards Thu, 05 Mar: Western Australia's transport industry is urging the state government to implement more stringent heavy vehicle licensing requirements, aiming to bolster road safety and address concerns over inexperienced drivers operating large trucks. This initiative follows South Australia's recent reforms, which introduced tougher conditions for obtaining multi-combination (MC) licenses. - read more
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| Heightened Road Risks as Holiday Travel Meets Freight Surge Thu, 05 Mar: 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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| Federal Court Denies Truck Driver's Insurance Appeal Thu, 05 Mar: In a recent legal development, the Federal Court of Australia dismissed an appeal by Bradley Henschke, a logging truck driver, concerning his insurance claim against the Australian Retirement Trust. The court's decision, delivered on February 12, 2026, underscores the critical importance of active insurance coverage for workers in high-risk occupations. - read more
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| Navigating Rising Premiums and Cybersecurity Threats in Australia's Insurance Sector Thu, 05 Mar: In 2026, Australia's insurance industry is grappling with significant challenges, notably escalating premiums and increasing cybersecurity threats. These issues have prompted insurers to reassess their strategies to maintain profitability and customer trust. - read more
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| Bridging the Risk Preparedness Gap: Australian Insurers and Emerging Threats Thu, 05 Mar: Recent findings from PwC's Insurance Banana Skins Survey reveal that Australian insurers are falling behind their global counterparts in risk preparedness, particularly concerning emerging threats such as artificial intelligence (AI) and cyber risks. The survey indicates that local insurers scored 6.6% lower on the Preparedness Index compared to global peers, marking a four-year low. - read more
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| Decade-High Returns: Australian General Insurers' Financial Performance in 2025 Thu, 05 Mar: In the 2025 financial year, Australia's general insurance industry achieved a 19% return on equity (ROE), marking the highest level in a decade. This significant performance is attributed to favorable weather conditions, strong investment gains, and the continued impact of premium increases. - read more
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| Rising Insolvencies Challenge Australian Trucking Industry Thu, 05 Mar: The Australian trucking industry is currently grappling with significant financial challenges, leading to a notable increase in company closures. Recent data indicates that one in 12 trucking companies have ceased operations over the past year, highlighting the sector's vulnerability to economic pressures. - read more
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| Isuzu Australia Introduces Dedicated Truck Leasing and Finance Services Thu, 05 Mar: In a strategic move to enhance its customer offerings, Isuzu Australia Limited (IAL) has announced the establishment of Isuzu Financial Services Australia (IFSA), marking the company's first foray into the finance and leasing sector outside Japan. This initiative is set to commence operations in the third quarter of 2026 and represents a significant commitment to the Australian market. - read more
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| CEFC and Volvo Group Join Forces to Promote Electric Trucks in Australia Thu, 05 Mar: In a significant move towards sustainable transportation, the Clean Energy Finance Corporation (CEFC) has partnered with Volvo Group to introduce a $70 million financing package aimed at accelerating the adoption of electric trucks in Australia. This initiative seeks to address the financial barriers that have traditionally hindered the uptake of electric heavy vehicles. - read more
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| BizCover and Zurich Collaborate to Enhance Professional Indemnity Insurance for Australian SMEs Thu, 05 Mar: In a significant development for Australian small and medium-sized enterprises (SMEs), BizCover has announced the addition of Zurich's Professional Indemnity (PI) insurance product to its online platform, effective from 3 March 2026. This collaboration aims to provide SMEs with enhanced access to comprehensive PI coverage, addressing a critical need in the business community. - read more
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| Insurance Council of Australia Challenges Proposed Use of PI Insurance for Compensation Scheme Thu, 05 Mar: The Insurance Council of Australia (ICA) has recently voiced strong opposition to proposals suggesting the use of professional indemnity (PI) insurance as a funding mechanism for the Compensation Scheme of Last Resort (CSLR). This stance was articulated in a submission to a Treasury consultation, where the ICA emphasized that PI insurance is not designed to serve as a consumer protection tool. - read more
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| ABC Insurance Faces Legal Setback in Professional Indemnity Insurance Dispute Thu, 05 Mar: In a recent legal development, ABC Insurance has been ordered by the New South Wales Court of Appeal to pay the legal costs incurred by the Law Society of NSW in a dispute over professional indemnity insurance (PII) for solicitors. This ruling marks a significant setback for ABC Insurance in its efforts to challenge the existing PII framework for legal practitioners in the state. - read more
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| CHU Unveils Enhanced Residential Strata Insurance Policy Thu, 05 Mar: CHU, Australia's leading strata insurance underwriting agency, has launched a new residential strata insurance policy designed to better support property owners and strata communities. This initiative reflects CHU's commitment to delivering customer-focused solutions that simplify insurance processes and enhance community resilience. - read more
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| ICA Advocates for Strata Law Reforms to Mitigate Rising Insurance Costs in Victoria Thu, 05 Mar: The Insurance Council of Australia (ICA) has called for significant reforms to Victoria's strata legislation, highlighting that poor governance and deferred maintenance are leading to increased insurance premiums for the one in five Victorians residing in strata-titled properties. - read more
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| Netstrata's Insurance Practices Raise Concerns Over Excessive Fees Thu, 05 Mar: Recent developments have brought to light concerns regarding the insurance practices of Netstrata, a prominent strata management firm in Australia. Clients have reported the sudden appearance of past insurance invoices in their online portals, revealing brokerage fees significantly higher than industry norms. - read more
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| Allianz Australia Penalised for Misleading Travel Insurance Information Wed, 04 Mar: 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 Wed, 04 Mar: 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 travellers 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 travelling abroad. - read more
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| Surge in Medical Claims Among Australian Travellers Highlights Importance of Comprehensive Insurance Wed, 04 Mar: 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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| Australian General Insurers Report Record 19% Return on Equity in FY25 Wed, 04 Mar: Australia's general insurance industry has reported a remarkable financial performance for the 2025 financial year (FY25), achieving a return on equity (ROE) of 19%, the highest in a decade. This significant milestone reflects a combination of favourable conditions and strategic premium adjustments within the sector. - read more
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| Insurance Australia Group Reports Strong FY25 Results and Upgrades FY26 Outlook Wed, 04 Mar: Insurance Australia Group (IAG) has announced robust financial results for the fiscal year 2025 (FY25), reporting a 4.3% increase in gross written premium (GWP) to $17.1 billion. This performance has led the company to upgrade its guidance for the upcoming fiscal year 2026 (FY26), signalling confidence in sustained growth. - read more
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| Australian Insurers Face Challenges in Risk Preparedness Compared to Global Peers Wed, 04 Mar: Recent findings from PwC's Insurance Banana Skins Survey indicate that Australian insurers are trailing their global counterparts in preparedness for emerging risks. The survey, which gathered insights from 698 insurance executives across 42 territories, reveals that Australian insurers scored 6.6% lower on the Preparedness Index compared to the global industry average. - read more
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| IAG CEO Predicts Ongoing Insurance Premium Hikes Wed, 04 Mar: Insurance Australia Group (IAG), a leading insurer in Australia, has reported a significant 91% increase in net profit for the first half of the 2024–2025 financial year, reaching $778 million. This surge is largely attributed to favourable weather conditions resulting in fewer natural disaster claims. ([abc.net.au](https://www.abc.net.au/news/2025-02-14/iag-ceo-nick-hawkins-warns-of-further-premium-increases/104931074?utm_source=openai)) - read more
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| Climate Change Impacting Home Insurance Costs Wed, 04 Mar: Insurance Australia Group (IAG) has issued a warning to Australian homeowners about the escalating impact of climate change on home insurance premiums. The insurer's recent report indicates that the increasing frequency and severity of weather events are leading to higher claims costs, which are subsequently driving up premiums. ([abc.net.au](https://www.abc.net.au/news/2025-11-04/climate-change-plays-role-in-growing-home-insurance-iag-warns/105964560?utm_source=openai)) - read more
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| Home Insurance Premiums Surge Over 30% for Some Australians Wed, 04 Mar: Consumer advocacy group Choice has released a report highlighting substantial increases in home insurance premiums across Australia. The findings indicate that while the average premium rose by 16% over the past year, certain insurers have implemented hikes exceeding 30%. ([theguardian.com](https://www.theguardian.com/australia-news/2025/feb/28/choice-australian-insurance-provider-review-kogan-rac-honey?utm_source=openai)) - read more
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| Cafe's Underinsurance Leads to Reduced Storm Damage Payout Wed, 04 Mar: A recent case underscores the critical importance of ensuring adequate insurance coverage for businesses. A cafe and catering business, forced to close after a storm, faced a significant reduction in its insurance claim due to underinsurance. - read more
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| Insurer Ordered to Pay Restaurant's Arson Claim Amid Non-Disclosure Dispute Wed, 04 Mar: A recent ruling by the Australian Financial Complaints Authority (AFCA) has significant implications for business insurance policies, particularly concerning the disclosure of directors' criminal histories. - read more
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| NSW Implements Stricter Penalties to Combat CTP Claims Farming Wed, 04 Mar: The New South Wales (NSW) government has taken decisive action to curb the practice of claims farming within the Compulsory Third Party (CTP) insurance scheme, introducing legislation that imposes significant penalties on such activities. - read more
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| NSW Strata Managers to Eliminate Insurance Commissions by 2026 Wed, 04 Mar: In a significant move towards greater transparency, the Strata Community Association New South Wales (SCA NSW) has announced that, starting January 1, 2026, its members will phase out the acceptance of insurance commissions in their management contracts. This shift aims to replace traditional commission-based remuneration with a clear fee-for-service model, aligning with evolving industry standards and consumer expectations. - read more
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| Victoria Offers Latent Defects Insurance as Alternative to Strata Building Bond Wed, 04 Mar: The Victorian Government has passed legislation introducing a developer-paid Strata Building Bond, establishing essential consumer protections for purchasers of new apartments. In alignment with this legislation, the government is progressing new regulations to allow developers to insure new apartment projects with a 10-year Latent Defects Insurance (LDI) policy, Resilience LDI, as an alternative to the traditional Strata Building Bond. - read more
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| ICA Advocates for Strata Law Reforms in Victoria to Curb Rising Insurance Costs Wed, 04 Mar: 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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| Club Marine Introduces Land-Based Insurance for Race Boats Tue, 03 Mar: Club Marine, Australia's leading boat insurance provider, has expanded its offerings to include specific coverage for race boats while they are on land. This development comes through a new partnership with the Australian Offshore Powerboat Club (AOPC), aiming to address the unique insurance needs of race boat owners. - read more
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| Marsh to Manage Insurance for Royal Australian Navy's Expansion Tue, 03 Mar: In a significant development for Australia's defence sector, global insurance broker Marsh has been appointed to oversee the insurance and risk advisory components of the Royal Australian Navy's Maritime Insurance Program (MIP). This program is integral to the nation's extensive naval fleet expansion and infrastructure development initiatives. - read more
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| GT Insurance Provides Flexible Solutions Amid Trade Uncertainties Tue, 03 Mar: In response to recent shifts in global trade dynamics, GT Insurance is reaffirming its commitment to supporting Australian marine clients navigating these challenges. The imposition of US tariffs—25% on Australian steel and aluminium, and 10% on other exported goods—has introduced new uncertainties for local exporters, particularly in sectors like beef and bulk freight. These tariffs, effective from April 5, 2025, have prompted concerns about declining export volumes and reduced freight margins. - read more
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| Bizcap Partners with AFG to Expand SME Financing Options Tue, 03 Mar: In a significant development for Australian small and medium-sized enterprises (SMEs), Bizcap has joined the Australian Finance Group's (AFG) lending panel. This partnership is set to enhance the availability of fast and flexible business loans for SMEs across the nation. - read more
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| Fintelligence Expands SME Lending Options Through Moneytech Partnership Tue, 03 Mar: Fintelligence, a prominent financial product aggregator, has announced a strategic partnership with Moneytech, a specialist non-bank lender. This collaboration aims to broaden the spectrum of financing options available to Australian SMEs through Fintelligence's broker network. - read more
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| Grapple Strengthens SME Financing with Acquisition of Spenda's Invoice Finance Portfolio Tue, 03 Mar: Grapple, a leading provider of invoice financing solutions, has announced the acquisition of Spenda's invoice finance portfolio. This strategic move is set to bolster Grapple's presence in the Australian SME financing market and expand its customer base. - read more
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| Protect Yourself: Identifying and Avoiding Caravan Loan Scams Tue, 03 Mar: In the pursuit of owning a caravan, securing the right financing is crucial. However, the rise of online financial transactions has also led to an increase in fraudulent activities targeting potential borrowers. Understanding how to identify and avoid caravan loan scams is essential to protect your financial well-being. - read more
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| Best Small SUVs for First-Time Caravan Owners in 2026 Tue, 03 Mar: Embarking on caravan adventures requires a reliable vehicle with adequate towing capacity. For first-time caravan owners in 2026, selecting the right small SUV is crucial to ensure safety, comfort, and affordability. Here are some top contenders that balance these factors effectively. - read more
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| ICA Advocates for Strata Law Reforms to Address Rising Insurance Costs in Victoria Tue, 03 Mar: The Insurance Council of Australia (ICA) has recently called for substantial reforms to Victoria's strata legislation, citing a direct correlation between inadequate governance and escalating insurance premiums for residents. With approximately one in five Victorians residing in strata-titled properties, the need for effective management and oversight has become increasingly critical. - read more
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| CHU's 2025 Report Shows Stability in Strata Insurance Premiums Amid Climate and Regulatory Shifts Tue, 03 Mar: 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 state of the industry. The report offers valuable insights into premium movements, the impact of weather events, regulatory developments, and emerging risks affecting strata insurance. - read more
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| PICA Group Highlights Potential Risks to Strata Industry Viability Tue, 03 Mar: Bobby Lehane, CEO of PICA Group, has issued a cautionary statement regarding the future of the strata management sector in Australia. He emphasized that eliminating insurance commissions could pose a significant threat to the industry's viability, drawing parallels to the challenges faced by the aged care sector. - read more
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| Significant Increase in Private Health Insurance Premiums Announced for 2026 Tue, 03 Mar: Australian private health insurance premiums are set to rise by an average of 4.41% from April 2026, marking the most substantial increase since 2017. This adjustment reflects the escalating costs associated with medical and hospital services, which have risen by 5% over the past financial year. - read more
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| Suncorp Faces Higher-Than-Expected Natural Hazard Costs in First Half of 2026 Tue, 03 Mar: Suncorp has reported that its natural hazard costs for the first half of the 2026 financial year have reached AU$1.319 billion, significantly exceeding the budgeted AU$866 million. This overage has necessitated reinsurance recoveries to mitigate the financial impact. - read more
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| Significant Decline in Australian Commercial Insurance Rates Observed in Late 2025 Tue, 03 Mar: In the fourth quarter of 2025, Australia experienced a notable 12% decline in commercial insurance rates, marking the largest reduction among eight regions monitored globally. This trend reflects a broader pattern of decreasing rates, with the global composite index down 4% for the sixth consecutive quarter. - read more
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| Australian Insurers Under Fire for Steep Premium Increases Tue, 03 Mar: In recent times, Australian insurance companies have come under intense scrutiny due to substantial increases in premiums, even as they report record profits. This trend has raised concerns among consumers and policymakers alike, prompting calls for enhanced transparency and competition within the industry. - read more
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| Rising Insurance Risk Pressures Challenge Australian Businesses Tue, 03 Mar: Australian businesses are currently navigating a complex landscape of increasing insurance risks, driven by factors such as heightened litigation, rapid technology adoption, supply chain disruptions, catastrophic events, and geopolitical tensions. These challenges necessitate a proactive approach to risk management and insurance coverage. - read more
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| Surging Home Insurance Costs in Australia Amid Climate Change Tue, 03 Mar: Homeowners across Australia are facing significant increases in insurance premiums, driven by the escalating frequency and severity of natural disasters attributed to climate change. This trend raises concerns about the affordability and availability of coverage, particularly in high-risk areas. - read more
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| Rising Private Health Insurance Premiums: A Growing Concern for Australians Tue, 03 Mar: In recent times, Australians have been grappling with escalating private health insurance premiums, a trend that has intensified amidst the ongoing cost-of-living crisis. Notably, some 'Gold' tier policies have experienced increases exceeding 12% between 2023 and 2024, significantly outpacing the average approved indexation of 3.03% for the same period. This surge has raised serious concerns about the affordability and value of private health insurance for many Australians. - read more
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| Australia's Insurance Market Set for Significant Growth by 2029 Tue, 03 Mar: Australia's insurance industry is on a trajectory of substantial growth, with projections indicating that the market will reach $144.5 billion by 2029. This expansion is underpinned by a compound annual growth rate (CAGR) of 8.8%, reflecting a robust and resilient sector poised to meet evolving consumer needs. - read more
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| AIA Australia's New Partnerships Aim to Boost Cycling Participation Tue, 03 Mar: AIA Australia has recently announced strategic partnerships with global fitness company Peloton and premium cycling brand Specialized. These collaborations are designed to motivate AIA Vitality members to adopt more active lifestyles by providing significant discounts on cycling equipment. This initiative aligns with AIA's commitment to promoting health and wellness among its policyholders. - read more
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| APRA's New Cap on High Debt-to-Income Home Loans Explained Mon, 02 Mar: The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at mitigating risks in the housing market. Effective February 2026, APRA will impose a cap on high debt-to-income (DTI) home loans, limiting such loans to 20% of new home lending. This measure applies to both owner-occupiers and investors, with an exemption for new housing developments. - read more
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| Australia's Household Debt: A Global Perspective Mon, 02 Mar: Recent data reveals that Australia's household debt has escalated to 182% of disposable income, positioning the nation as having the second-highest household debt globally. This significant figure underscores the growing reliance on borrowing among Australian households, particularly in the realm of mortgage lending. - read more
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| RBA's Advisory on Prudent Lending in a Changing Economic Landscape Mon, 02 Mar: The Reserve Bank of Australia (RBA) has issued a cautionary note to financial institutions, advising them to maintain prudent lending practices despite improvements in borrower financial health. Recent data indicates that the proportion of mortgage holders spending more than they earn has decreased to approximately 3%, down from 5% in mid-2024. This improvement is attributed to factors such as tax cuts and easing inflation. - read more
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| CEFC and Hyundai Capital Collaborate to Make EV Loans More Affordable Mon, 02 Mar: The Clean Energy Finance Corporation (CEFC) has announced a significant partnership with Hyundai Capital Australia (HCAU), committing up to $60 million to make electric vehicle (EV) ownership more accessible for Australians. This initiative is designed to reduce the upfront costs associated with purchasing EVs, thereby encouraging more households and small businesses to transition to cleaner transportation options. - read more
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| ASIC's Investigation Highlights Concerns in Car Finance Practices Mon, 02 Mar: The Australian Securities and Investments Commission (ASIC) has conducted a comprehensive review of the nation's motor vehicle finance sector, uncovering significant issues that raise concerns about consumer protection and lending practices. - read more
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| IMB Bank Recognised as Australia's Leading Personal Loan Provider Mon, 02 Mar: IMB Bank has been honoured as Australia's Best Personal Loan Lender for 2026, marking the second consecutive year it has received this prestigious accolade from Mozo's Experts Choice Awards. This recognition underscores IMB Bank's commitment to providing competitive and consumer-friendly loan products. - read more
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| Understanding the 4.41% Increase in Private Health Insurance Premiums for 2026 Mon, 02 Mar: Australian private health insurance premiums are set to rise by an average of 4.41% from 1 April 2026, marking the most significant increase since 2017. Health Minister Mark Butler stated that this adjustment reflects the escalating costs of medical and hospital services, which have risen by 5% over the past financial year. This increase is expected to impact over 15 million Australians who hold private health insurance policies. - read more
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| Australian Medical Association Report Reveals Erosion of Value in Private Health Insurance Mon, 02 Mar: The Australian Medical Association (AMA) has released its latest Private Health Insurance Report Card, highlighting a concerning trend where Australians are paying higher premiums for private health insurance while receiving diminished value in return. The report indicates that nearly 70% of policies now contain exclusions, limiting the coverage available to policyholders. - read more
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| Private Health Insurers Refund $4.8 Billion in COVID-19 Windfall to Australian Policyholders Mon, 02 Mar: Private health insurers in Australia have returned nearly $4.8 billion to policyholders, fulfilling their commitment not to profit from reduced healthcare service utilization during the COVID-19 pandemic. The widespread cancellation of elective surgeries and other medical appointments during lockdowns led to significant savings for insurers, who have now redistributed these funds to their customers. - read more
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| AUSactive's New Insurance Offering: Enhanced Protection at Lower Costs Mon, 02 Mar: AUSactive has unveiled a new insurance solution designed specifically for fitness and active health professionals. This initiative aims to provide enhanced protection while offering lower premiums compared to existing market options. - read more
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| Health Insurance Reforms: Inclusion of Natural Therapies from 2026 Mon, 02 Mar: In a significant policy shift, Australian health insurers will begin offering rebates for a range of natural therapies, including Yoga, Pilates, Tai Chi, Shiatsu, Naturopathy, Western herbal medicine, and the Alexander Technique, starting early 2026. This change follows legislative amendments allowing these therapies to be covered under private health insurance for the treatment of health conditions or as part of health management programs. - read more
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| AIA Australia's New Insurance Portal: Revolutionising Claims Processing Mon, 02 Mar: AIA Australia has unveiled its cutting-edge Member Insurance Portal, designed to streamline the insurance experience for group insurance customers. This digital innovation focuses on optimising the claims process, providing members with the ability to track their claims throughout the entire lifecycle, thereby ensuring transparency and simplicity during potentially challenging times. - read more
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| Australian Insurers Achieve Record Profits Amid Rising Premiums Mon, 02 Mar: In 2024, Australia's insurance sector reported an after-tax profit of $6.1 billion, a significant increase from the five-year average of $2 billion. This surge is primarily attributed to substantial premium hikes and a relatively calm year concerning natural disasters. - read more
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| Choice Report Reveals Significant Hikes in Home Insurance Premiums Mon, 02 Mar: Consumer advocacy group Choice has released a report indicating that average home insurance premiums in Australia have increased by 16% over the past year. Notably, insurers such as Kogan, RAC, and Honey have raised their rates by more than 30%, prompting concerns about affordability and transparency within the industry. - read more
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| Rising Home Insurance Costs Threaten Affordability in High-Risk Australian Regions Mon, 02 Mar: Recent reports indicate that certain regions in Australia are experiencing significant increases in home insurance premiums, with some areas at risk of becoming uninsurable. This trend is largely driven by the heightened frequency and severity of natural disasters, such as floods and bushfires, which have led insurers to reassess risk and adjust premiums accordingly. - read more
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| Growing Demand for Latent Defects Insurance in Australian Construction Mon, 02 Mar: Australia's construction industry is witnessing a significant shift towards latent defects insurance (LDI), a trend gaining momentum as New South Wales (NSW) approaches its 2028 deadline to mandate LDI for residential projects. This move underscores the sector's commitment to enhancing structural integrity and homeowner protection. - read more
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| How Rising Construction Costs Are Affecting Insurance Claims in Australia Mon, 02 Mar: Australia's construction sector is grappling with significant cost escalations, which are having a direct impact on insurance claims and repair timelines. According to a recent report by Crawford & Company, various factors are contributing to this trend, including rising material prices, labour shortages, and an increase in builder insolvencies. - read more
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| ICA's Push for Reforms to Lower Insurance Costs and Strengthen Housing Resilience in Queensland Mon, 02 Mar: The Insurance Council of Australia (ICA) has recently submitted a series of recommendations to the Queensland Productivity Commission, aiming to reform the state's construction industry. These proposals are designed to reduce insurance costs and bolster housing resilience, addressing both economic efficiency and disaster preparedness. - read more
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| ASIC's Review Uncovers Risks in Private Lending Industry Sun, 01 Mar: The Australian Securities and Investments Commission (ASIC) has recently conducted a comprehensive review of the private lending sector, revealing significant inconsistencies and potential risks. This scrutiny comes in response to the sector's rapid expansion, with private credit extending approximately $200 billion in loans, primarily to high-risk real estate developers and property investors. - read more
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| Record Surge in Investor Lending Raises Regulatory Concerns Sun, 01 Mar: Recent data from the Australian Prudential Regulation Authority (APRA) indicates a significant surge in investor lending, with new investment loans totaling $72 billion in the September quarter of 2025. This marks a 12% increase from the previous quarter, highlighting a robust appetite among investors for property acquisitions. - read more
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| Rising Consumer Credit Demand Reflects Economic Confidence Sun, 01 Mar: The latest Consumer Market Pulse report from Equifax for Q4 2025 reveals a notable increase in consumer credit demand across Australia. Mortgage enquiries have risen by 12.3% compared to the same period in the previous year, marking the most significant growth in mortgage demand observed since 2021. Additionally, personal loan demand has increased by 8.9% year-on-year. - read more
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| Navigating Australia's Economic Landscape in 2026 Sun, 01 Mar: As Australia steps into 2026, the economic landscape presents a complex interplay of inflationary pressures and potential interest rate adjustments. Understanding these dynamics is crucial for individuals and businesses aiming to make informed financial decisions. - read more
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| Record Surge in Financial Complaints Across Australia in 2025 Sun, 01 Mar: In 2025, Australia witnessed an unprecedented rise in financial complaints, with the financial watchdog receiving a record 111,373 grievances—a 14% increase from the previous year. This surge underscores growing consumer dissatisfaction and highlights systemic issues within the financial sector. - read more
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| NSW Government Calls for Caravan Suppliers to Aid Disaster Recovery Efforts Sun, 01 Mar: The New South Wales (NSW) Government has launched a proactive initiative to enhance disaster recovery efforts by establishing a panel of caravan suppliers. This program is designed to provide temporary accommodation for residents who have lost their homes due to natural disasters such as floods, bushfires, and storms. - read more
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| Sutherland Shire Council Evaluates Parking Restrictions for Caravans and Trailers Sun, 01 Mar: The Sutherland Shire Council in Sydney's south is considering implementing restrictions on the parking of caravans and trailers on suburban streets. This deliberation follows nearly 3,000 complaints from residents in 2025 regarding the prolonged parking of such vehicles, which has led to concerns over visual amenity, reduced sightlines, and safety risks. - read more
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| ASIC Calls for Improved Standards in Car Finance Lending Sun, 01 Mar: The Australian Securities and Investments Commission (ASIC) has conducted a comprehensive review of the motor vehicle finance sector, uncovering significant concerns regarding lending practices. This examination has highlighted issues such as exorbitant establishment fees and a troubling rate of early loan defaults, raising questions about the adequacy of current lending standards. - read more
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| MONEYME's Strategic Move: $455 Million Boost for Autopay's Growth Sun, 01 Mar: In a significant development within Australia's auto finance sector, non-bank lender MONEYME has successfully priced a $455.4 million asset-backed securitisation (ABS) for its secured car loan product, Autopay. This transaction marks the company's second major auto bond deal, following a $517.5 million transaction earlier in the financial year, underscoring MONEYME's rapid expansion and growing influence in the market. - read more
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| Isuzu Australia Introduces Captive Finance and Leasing Company Sun, 01 Mar: Isuzu Australia Limited (IAL) has announced the establishment of its own finance and leasing company, Isuzu Financial Services Australia (IFSA), set to commence operations in the third quarter of 2026. This marks the first time the Isuzu Group has founded a leasing company outside Japan, highlighting the strategic importance of the Australian market. - read more
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| Australian Marine Industry Achieves Global Success Sun, 01 Mar: The Australian marine industry is experiencing a remarkable surge in global demand, with local manufacturers achieving unprecedented success on the international stage. This growth is exemplified by Riviera Marine's recent record-breaking shipment of vessels to the United States, underscoring the strength and appeal of Australian marine products worldwide. - read more
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| BIA's Strategic Vision for Australia's Marine Industry Sun, 01 Mar: The Boating Industry Association (BIA) is actively steering Australia's marine sector towards a future marked by growth, innovation, and enhanced workforce development. Recent strategic initiatives underscore the association's commitment to addressing current challenges and seizing emerging opportunities within the industry. - read more
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| Cure Marine Unveils the Cutting-Edge Cure 55 Catamaran Sun, 01 Mar: Based on the Sunshine Coast, Cure Marine has unveiled its latest innovation, the Cure 55 Catamaran, marking a significant milestone in Australian boat design and construction. Founded by Dave Biggar and Ian McMahon in 2022, Cure Marine has rapidly established itself as a leader in utilizing advanced composites technology to produce high-end sailing vessels. - read more
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| ATA Challenges Productivity Commission's Proposal to Double Truck Fuel Tax Sun, 01 Mar: The Australian Trucking Association (ATA) has expressed strong opposition to the Productivity Commission's proposal to more than double the tax on truck fuel. The plan suggests phasing out fuel tax credits for trucking operators, effectively increasing the fuel tax rate from the current 32.4 cents per litre to 66.1 cents per litre by 2035. - read more
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| PERILS Revises Loss Estimate for November 2025 Storms in Queensland and NSW Sun, 01 Mar: In a recent update, catastrophe data provider PERILS has increased its insurance industry loss estimate for the severe convective storms that struck Queensland and New South Wales between November 21 and 27, 2025. The revised estimate now stands at AU$2.95 billion, marking an 11% rise from the initial figure of AU$2.663 billion released in January 2026. - read more
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| Federal Court Denies Truck Driver's Insurance Claim Against Superannuation Fund Sun, 01 Mar: In a recent legal decision, the Federal Court dismissed a truck driver's insurance claim against the Australian Retirement Trust. The case centred on whether the driver had active insurance coverage through his superannuation account, particularly concerning the 'dangerous occupation exception.' - read more
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