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Insurance News

ACCC Scrutinises IAG's Proposed Acquisition of RAC Insurance ACCC Scrutinises IAG's Proposed Acquisition of RAC Insurance
14 Dec 2025: Paige Estritori

The Australian Competition and Consumer Commission (ACCC) has expressed concerns regarding Insurance Australia Group's (IAG) proposed A$1.35 billion acquisition of the Royal Automobile Club of Western Australia's (RAC) insurance business. The ACCC warns that this deal could significantly reduce competition in Western Australia's motor and home insurance markets, potentially leading to higher premiums and diminished service quality for consumers. - read more
IAG Highlights Climate Change's Role in Rising Home Insurance Costs IAG Highlights Climate Change's Role in Rising Home Insurance Costs
14 Dec 2025: Paige Estritori

Insurance Australia Group (IAG) has highlighted the growing impact of climate change on home insurance premiums in Australia. The insurer reports that increasingly frequent and severe weather events are contributing to higher costs for homeowners seeking coverage. - read more
ASIC Takes Legal Action Against RACQ Insurance Over Misleading Premium Information ASIC Takes Legal Action Against RACQ Insurance Over Misleading Premium Information
14 Dec 2025: Paige Estritori

The Australian Securities and Investments Commission (ASIC) has commenced legal proceedings against RACQ Insurance, a subsidiary of Insurance Australia Group (IAG), alleging that the insurer misled over 570,000 customers between September 2019 and December 2024. The regulator claims that RACQ included inflated 'last period premium' amounts in renewal notices, potentially causing customers to pay more than necessary. - read more
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Business Insurance Articles

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
Navigating Public Liability Insurance for Event Organizers: A Must-Read Guide
Navigating Public Liability Insurance for Event Organizers: A Must-Read Guide
Event organizing can be an exhilarating adventure, teeming with creativity and collaboration. However, with the buzz of activity and the gathering of crowds comes a significant responsibility to ensure the safety and well-being of attendees, staff, and the venue itself. This is where Public Liability Insurance becomes a pivotal part of an event organizer's toolkit. - read more
Public Liability Insurance for Manufacturers: Are You Fully Covered?
Public Liability Insurance for Manufacturers: Are You Fully Covered?
Public liability insurance is a cornerstone of protection for businesses, offering a shield against claims for personal injury or property damage inflicted on third parties as a result of their operations. As manufacturers open their doors to employees, suppliers, and sometimes the public, they navigate a landscape rife with potential hazards. Public liability insurance becomes not just a safety net, but an essential aspect of responsible entrepreneurship. - 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
Understanding Public Liability Insurance for IT Consultants: Risks and Mitigation
Understanding Public Liability Insurance for IT Consultants: Risks and Mitigation
Public Liability Insurance acts as a shield for businesses, and for IT consultants, it's a safeguard against the unforeseen legal costs and compensation payments arising from third-party claims. As professionals who offer expert advice and services, IT consultants face unique risks that can lead to liability claims. Having public liability insurance not only provides a financial safety net but also serves as a testament to the consultant's responsibility and professionalism. - read more


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Rider:
An optional provision added to an insurance policy that provides additional benefits or coverage.