- ICA Advocates for Overhaul of Civil Liability Laws Amid Rising Insurance Premiums
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.
- Rising Public Liability Insurance Premiums Challenge Australian Businesses
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businesses are grappling with a significant rise in public liability insurance premiums, a trend attributed to outdated civil liability laws and escalating legal expenses.
- ICA Calls for National Review of Civil Liability Laws Amid Rising Insurance Costs
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.
- IAG CEO Predicts Ongoing Insurance Premium Hikes
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))
- Climate Change Impacting Home Insurance Costs
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))
- Home Insurance Premiums Surge Over 30% for Some Australians
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))
- ICA Advocates for Overhaul of Civil Liability Laws to Curb Rising Insurance Premiums
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.
- Liberty Adds 'Safe Harbour' Insolvency Cover to D&O Policies
Liberty Specialty Markets has announced the addition of a company insolvency extension to its Australian directors' and officers' (D&O) liability policies. This innovative feature is designed to support companies and their directors by covering reasonable costs incurred when engaging approved advisers under the 'safe harbour' insolvency regime.
- APRA Reports Significant Underwriting Gains in Short-Tail Insurance
The Australian Prudential Regulation Authority (APRA) has released data indicating a substantial underwriting profit of $1.55 billion in short-tail insurance lines for the September quarter. This marks a notable improvement in the sector's performance, with householders insurance contributing $636 million to the overall profit.
- NSW Court Decision Escalates Liability Risks for Construction Industry
A recent landmark ruling in New South Wales has significantly altered the liability landscape for the construction industry.
- Rising Public Liability Insurance Premiums Challenge Australian Businesses
The Australian Prudential Regulation Authority (APRA) has released its latest National Claims and Policies Database (NCPD) statistics, revealing a substantial increase in public liability insurance premiums over recent years.
- ICA Advocates for Overhaul of Civil Liability Laws Amid Rising Insurance Premiums
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.
- APRA Data Shows Significant Rise in Public Liability Insurance Premiums
The Australian Prudential Regulation Authority (APRA) has released its latest National Claims and Policies Database (NCPD) statistics, revealing a substantial increase in public liability insurance premiums over recent years.
- Upcover Unveils Comprehensive Management Liability Insurance for Australian SMEs
Sydney-based insurtech company Upcover has launched a new management liability insurance product designed specifically for small and medium-sized enterprises (SMEs) and sole traders across Australia.
- Australian Insurers Face Challenges in Risk Preparedness
Recent findings from the PwC Insurance Banana Skins Survey reveal that Australian insurers are trailing behind their global counterparts in risk preparedness. The survey, which gathered insights from 698 insurance executives across 42 territories, indicates that Australian insurers scored 6.6% lower on the Preparedness Index compared to the global average.
- Surge in Profits for Australian Insurers Following Premium Increases
Australia's insurance sector has reported a substantial after-tax profit of $6.1 billion for the year 2024, according to KPMG's annual review. This figure is three times higher than the five-year average of $2 billion, highlighting a significant financial upturn for the industry.
- Significant Premium Increases Reported by Australian Insurers
Consumer advocacy group Choice has released a report indicating that several Australian insurers have implemented substantial increases in home insurance premiums over the past year. Notably, Kogan, RAC, and Honey have raised their average premiums by more than 30%, significantly outpacing the industry average increase of 16%.
- ICA Advocates for Overhaul of Civil Liability Laws Amid Rising Insurance Premiums
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.
- Soaring Insurance Premiums Threaten Australia's Leisure and Recreation Industry
The Australian Amusement Leisure & Recreation Association (AALARA) has raised concerns over the escalating costs of public liability insurance, which are placing significant pressure on amusement and recreation operators across the country. This warning follows the Insurance Council of Australia's (ICA) recent call for reforms to civil liability laws.
- APRA Reports Significant Increase in Public Liability Insurance Premiums
The Australian Prudential Regulation Authority (APRA) has released its latest National Claims and Policies Database (NCPD) statistics, revealing a substantial increase in public liability insurance premiums over recent years.
- ICA Advocates for Overhaul of Civil Liability Laws to Curb Rising Insurance Premiums
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.
- APRA Data Shows Significant Rise in Public Liability Insurance Premiums
The Australian Prudential Regulation Authority (APRA) has released its latest National Claims and Policies Database (NCPD) statistics, revealing a substantial increase in public liability insurance premiums over recent years.
- ICA Advocates for Overhaul of Civil Liability Laws Amid Rising Insurance Premiums
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.
- APRA Data Shows Significant Rise in Public Liability Insurance Premiums
The Australian Prudential Regulation Authority (APRA) has released its latest National Claims and Policies Database (NCPD) statistics, revealing a substantial increase in public liability insurance premiums over recent years.
- Upcover's New Management Liability Insurance: A Boon for SMEs
In a significant development for small and medium-sized enterprises (SMEs) and sole traders across Australia, Sydney-based insurtech company Upcover has unveiled a new management liability insurance product.
- ACCC Scrutinises IAG's Proposed Acquisition of RAC Insurance
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.
- IAG Highlights Climate Change's Role in Rising Home Insurance Costs
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.
- ASIC Takes Legal Action Against RACQ Insurance Over Misleading Premium Information
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.
- Rising Liability Costs Put Pressure on Australia's Leisure Sector
The Australian Amusement Leisure & Recreation Association (AALARA) has raised concerns over the escalating costs of public liability insurance, which are placing significant pressure on amusement and recreation operators across the country. This warning follows the Insurance Council of Australia's (ICA) recent call for reforms to civil liability laws.
- New Report Highlights Insurance Challenges for Australian Small Businesses
A recent report by the Australian Chamber of Commerce and Industry (ACCI) has revealed that small businesses in Australia are paying up to 30% more for their insurance premiums due to taxes and levies imposed by state and territory governments.
- Upcover Unveils Comprehensive Management Liability Insurance for Australian SMEs
Sydney-based insurtech company Upcover has launched a new management liability insurance product designed specifically for small and medium-sized enterprises (SMEs) and sole traders across Australia.
- APRA Data Shows Stability in Professional Indemnity Claims Amid Declining Premiums
The Australian Prudential Regulation Authority (APRA) has released its latest National Claims and Policies Database (NCPD) report, providing insights into the professional indemnity (PI) insurance sector. The data indicates that while claims payments for non-facility business remained relatively stable at $1.
- ICA Advocates for Overhaul of Civil Liability Laws to Curb Rising Insurance Premiums
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.
- APRA Data Shows Significant Rise in Public Liability Insurance Premiums
The Australian Prudential Regulation Authority (APRA) has released its latest National Claims and Policies Database (NCPD) statistics, revealing a substantial increase in public liability insurance premiums over recent years.
- ICA Advocates for Overhaul of Civil Liability Laws Amid Rising Insurance Premiums
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.
- Australian Businesses Demand National Action on Rising Insurance Costs
In response to escalating insurance premiums, Australian businesses are calling for a coordinated national reform agenda to alleviate the financial pressures associated with obtaining adequate coverage.
- APRA Reports Significant Increase in Public Liability Insurance Premiums
The Australian Prudential Regulation Authority (APRA) has released its latest National Claims and Policies Database (NCPD) statistics, revealing a substantial increase in public liability insurance premiums over recent years.
- QBE Under Scrutiny for Misleading Discount Practices
The Australian Securities and Investments Commission (ASIC) has initiated legal action against QBE Insurance, alleging that the insurer misled over 500,000 customers regarding promised discounts on various insurance products. This development underscores the critical importance of transparency and accuracy in the insurance sector, particularly concerning pricing and customer communications.
- Upcover's New Management Liability Insurance: A Boon for SMEs
In a significant development for small and medium-sized enterprises (SMEs) and sole traders across Australia, Sydney-based insurtech company Upcover has unveiled a new management liability insurance product.
- APRA's Findings: Stability in PI Claims Amid Declining Premiums
The Australian Prudential Regulation Authority (APRA) has released its latest National Claims and Policies Database report, providing insights into the professional indemnity (PI) insurance sector. The data indicates that while claims payments for non-facility business remained relatively stable at $1.
