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Insurance News

Building Resilience: ICA Aligns Floods Inquiry Plan Building Resilience: ICA Aligns Floods Inquiry Plan
19 Dec 2024: Paige Estritori

The Insurance Council of Australia (ICA) is strategically addressing the recommendations from recent inquiries into flood responses and code of practice in its latest updates. Acknowledging the variety and complexity of the suggestions, ICA supports 78 out of the total recommendations presented, tackling them in a staged and structured manner. - read more
Major Acquisitions Shake Up the Australian Life Insurance Sector Major Acquisitions Shake Up the Australian Life Insurance Sector
18 Dec 2024: Paige Estritori

In a significant move estimated at $13 billion, MLC Life Insurance and Resolution Life’s subsidiaries in Australia and New Zealand are set to merge. This development is part of an acquisition involving Nippon Life, a major player in the global insurance industry. - read more
Sure Highlights Coverage Gaps in Cyclone Zones Sure Highlights Coverage Gaps in Cyclone Zones
17 Dec 2024: Paige Estritori

An alarming gap in insurance coverage has been spotlighted by Queensland underwriting agency, Sure, as it drew attention to underinsurance among cyclone-susceptible areas. Their comparison of coverage across the state reveals stark contrasts that could have dire consequences for residents. - read more
Term Life Insurance Fuels Customer Grievances Term Life Insurance Fuels Customer Grievances
13 Dec 2024: Paige Estritori

New insights from the Australian Securities and Investments Commission (ASIC) highlight that term life insurance sparked the most grievances among consumers last financial year. ASIC's newly released internal dispute resolution report indicates that 41% of the complaints were linked to term life policies. - read more
Car Theft Case: Ignition Key Slip Leads to Unexpected Payout Car Theft Case: Ignition Key Slip Leads to Unexpected Payout
13 Dec 2024: Paige Estritori

A recent ruling has shed light on an insurance predicament where a policyholder’s vehicle was taken directly from outside his house while the ignition key remained in the car. Despite this oversight, the couple involved managed to secure compensation for the incident. - read more
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Commercial Property Insurance Articles

5 Top Tips for Safely Caravanning with Your Furry Friends in Australia 5 Top Tips for Safely Caravanning with Your Furry Friends in Australia
Exploring the great Australian outdoors in a caravan with your furry friends by your side can create unforgettable memories and provide experiences that deepen the bond between you and your pets. The joy found in watching your pet's excitement as they encounter new sights, sounds, and smells is irreplaceable and adds a layer of delight to the adventures ahead. - read more
Life After You: Planning Ahead With Quality Life Insurance for Your Family Life After You: Planning Ahead With Quality Life Insurance for Your Family
Life insurance is a fundamental component of a robust financial plan, yet its significance is often underestimated. It serves as a safety net, ensuring that your loved ones are financially secure in the event of your absence. Understanding life insurance is the first step towards safeguarding your family’s future. - read more
Your Complete Guide to Understanding Travel Insurance Coverage Your Complete Guide to Understanding Travel Insurance Coverage
Imagine you're on a dream holiday in Europe and suddenly fall ill. Without travel insurance, this unforeseen mishap could turn your trip into a financial nightmare. Unexpected travel mishaps can occur, from medical emergencies to lost luggage, and having travel insurance can provide a safety net. - read more
Sun, Salt, and Safety: A Comprehensive Guide to Year-Round Jet Ski Maintenance Sun, Salt, and Safety: A Comprehensive Guide to Year-Round Jet Ski Maintenance
Maintaining your jet ski isn't just about keeping it looking good; it's crucial for ensuring longevity and optimal performance on the water. Engaging in regular maintenance can significantly extend the life of your jet ski and help avoid costly repairs. Whether you're slicing through the waves or enjoying a leisurely cruise, a well-maintained jet ski provides a reliable and enjoyable experience for riders of all levels. - read more
Single or Married: How Life Insurance Needs Vary Across Different Life Stages Single or Married: How Life Insurance Needs Vary Across Different Life Stages
Life insurance is a financial product that provides a lump sum payment to your beneficiaries in the event of your death. It is designed to offer financial security by covering debts, daily living expenses, and future financial obligations. - read more



Knowledgebase
Income Insurance:
Insures your income in the event of you being unable to work due to sickness or accident.