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Insurance News

NSW Court Decision Escalates Liability Risks for Construction Sector NSW Court Decision Escalates Liability Risks for Construction Sector
23 May 2026: Paige Estritori

A recent landmark ruling in New South Wales has significantly altered the liability landscape for the construction industry. The court's decision removes the ability for developers and builders to rely on proportionate liability defences under the Design and Building Practitioners Act 2020 (DBP Act), thereby increasing their exposure to claims related to building defects. - read more
ICA Advocates for Overhaul of Civil Liability Laws to Ease Insurance Burden ICA Advocates for Overhaul of Civil Liability Laws to Ease Insurance Burden
23 May 2026: Paige Estritori

The Insurance Council of Australia (ICA) has recently called for urgent reforms to outdated state and territory civil liability laws, highlighting their significant contribution to the rising insurance costs faced by small businesses and community organisations. These laws, many of which have not been reviewed in nearly 25 years, are increasingly seen as inadequate in addressing the complexities of modern liability claims. - read more
Australia's Rising Litigation Rates Prompt Calls for Legal Reforms Australia's Rising Litigation Rates Prompt Calls for Legal Reforms
23 May 2026: Paige Estritori

Recent insights from the Insurance Council of Australia (ICA) reveal a concerning trend: Australia is now perceived as the most litigious market globally, surpassing even the United States. This development has significant implications for the insurance industry, particularly concerning the affordability and availability of public liability insurance for small businesses. - read more
ACCC Halts IAG's Bid to Acquire RAC WA's Insurance Operations ACCC Halts IAG's Bid to Acquire RAC WA's Insurance Operations
15 May 2026: Paige Estritori

The Australian Competition and Consumer Commission (ACCC) has recently opposed the proposed acquisition of RAC WA's insurance division by Insurance Australia Group (IAG). This decision stems from concerns that the merger could significantly reduce competition within Western Australia's insurance market, potentially leading to higher premiums for consumers. - read more
Declining Risk Readiness Among Australian Insurers Amid Escalating Cyber Threats Declining Risk Readiness Among Australian Insurers Amid Escalating Cyber Threats
15 May 2026: Paige Estritori

Recent findings from PwC's Insurance Banana Skins survey reveal a concerning decline in risk preparedness among Australian insurers, marking the lowest levels in four years. The survey highlights that Australian insurers are now 6.6% behind their global counterparts on PwC's Preparedness Index, underscoring a significant readiness gap. - read more
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Business Insurance Articles

The Role of Public Liability Insurance in Protecting Hospitality Venues
The Role of Public Liability Insurance in Protecting Hospitality Venues
Public liability insurance serves as a critical safety net for event organizers, often seen as a robust shield safeguarding against potential financial repercussions arising from unforeseen incidents. In the dynamic atmosphere of events, where a multitude of variables come into play, this insurance plays a fundamental role in ensuring the stability and continuance of the host's operations. - read more
The Importance of Public Liability Insurance in Protecting Your Business
The Importance of Public Liability Insurance in Protecting Your Business
Public liability insurance is a type of coverage designed to protect business owners against claims made by third parties for injuries or damages that occur in connection with business operations. - read more
Public Liability Insurance for Tradespeople: Safeguarding Your Business on Site
Public Liability Insurance for Tradespeople: Safeguarding Your Business on Site
If you're a tradesperson, safeguarding your business is not just about having the right tools and skills, but also ensuring you're protected against unexpected events on site. Public Liability Insurance plays a crucial role in your safety net, providing a shield against potential financial setbacks caused by accidents and injuries. - read more
The Difference Between Public Liability and Other Insurances Explained
The Difference Between Public Liability and Other Insurances Explained
Public liability insurance is designed to protect businesses against claims made by the public for injuries or damages that occur in connection with the business operations. It covers legal fees, medical expenses, and compensation costs that may arise if a customer or a member of the public is injured or property is damaged as a result of the business activities. - read more
The Essential Role of Insurance in Protecting Your Small Business
The Essential Role of Insurance in Protecting Your Small Business
Running a small business in Australia comes with its own set of unique challenges. From managing cash flow to dealing with unexpected setbacks, the road to success can often be bumpy. Many small business owners find themselves constantly adapting to changing market conditions, customer demands, and economic pressures. - read more

Knowledgebase
Copayment:
A fixed amount you pay for a covered healthcare service, usually when you receive the service.