Townsville MP Tackles Soaring Insurance Premiums
Townsville MP Phillip Thompson addresses skyrocketing insurance costs, calling for reforms to protect homeowners and businesses in the region.
Category : Insurance
IAG's New $1.35B RAC Insurance Bid to ACCC
Insurance Australia Group has filed a revised application to acquire RAC Insurance for $1.35 billion, seeking ACCC approval under new public interest rules after an earlier rejection.
GMHBA Seeks New CEO After David Greig's 5-Year Term
Geelong-based health insurer GMHBA has initiated a search for a new chief executive officer following the conclusion of David Greig's five-year tenure, marking a significant leadership transition for the company.
Labor Accuses Government of 'Furphy' Over Insurance Premiums
Labor has accused the government of spreading a 'furphy' as insurance premiums in Australia soar past $4,600, sparking a political debate over cost-of-living pressures.
Australian Drivers Want Recognition for Safety, Data Shows
AAMI's national road safety initiative reveals Australian drivers want recognition for safe behaviors, with positive reinforcement improving driving scores significantly.
ICWA Profit Soars on Sharp Drop in Motor Claims
The Insurance Commission of WA has posted a $401.4 million half-year profit, driven by a 28.7% decline in third-party motor claims, far exceeding budget forecasts.
Australia's Insurance Crisis Amid Natural Disasters
Australia is grappling with a severe insurance crisis as natural disasters intensify, leading to soaring premiums and coverage gaps that threaten homeowners and businesses nationwide.
Health Insurers Lure Customers with Gift Cards and Waivers
Private health insurers are intensifying competition by offering gift cards and waivers to attract new customers, as the battle for market share heats up in Australia.
Health Insurance Subsidies Axed Amid Rising Costs
Government health insurance subsidies are being phased out due to unsustainable cost increases, impacting millions of Australians and raising concerns about affordability.
Health Insurance Premiums to Rise 4.41% in April, Hitting Millions
Over 15 million Australians face the largest private health insurance premium hike in nearly a decade, with a 4.41% increase approved by the federal government. Families could pay up to $330 more annually, and some insurers are raising rates even higher.
Medibank, NIB Shares Jump on Health Insurance Price Rises
Shares in Medibank and NIB have risen sharply after the government approved health insurance premium increases, boosting investor confidence in the sector.
Health Insurance Premiums Rise 4.4% Due to Higher Costs
Federal Health Minister Mark Butler announces a 4.4% average rise in private health insurance premiums from April, citing increased medical costs and wage bills. Insurers like NIB and Medibank see hikes up to 5.47%.
Health Insurance Premiums to Rise 4.41% in April
The Albanese government has approved an average 4.41% premium rise for health insurance, effective April, citing rising medical costs and an ageing population.
IAG Flags Above-Inflation Premium Rises, Prepares New RAC Bid
Insurance Australia Group warns home and motor policyholders to expect premium increases of at least 5%, exceeding inflation, as it prepares a renewed bid for RAC Insurance under new ACCC rules.
Under-Insurance Epidemic Puts Millions of Australian Homes at Risk
Experts warn an epidemic of under-insurance is sweeping Australia, leaving over 1.4 million homes vulnerable. Rising premiums and construction costs create a perfect storm for financial disaster.
Great Ocean Road Insurance Premiums Hit $17k
Residents along Victoria's Great Ocean Road are abandoning insurance policies as premiums soar to $17,000 annually, driven by escalating climate risks like bushfires and floods.
WA Insurance Commission Names New CEO Internally
The Insurance Commission of Western Australia has announced the appointment of a new chief executive, selecting an internal candidate to lead the organisation.
Helen Robinson Named Insurance Commission of WA CEO
The State Government has appointed former Serco executive Helen Robinson as the new permanent chief executive of the Insurance Commission of Western Australia.
Police Warn Owners of Insurance Risks in Tobacco Wars
Western Australian police issue a stark warning to property owners about potential insurance risks if tenants are involved in storing firebombed tobacco products.
5 Steps After a Public Place Injury in NSW
Accidents in supermarkets or on footpaths are common. Learn the five crucial actions to protect your health and legal rights, including seeking prompt legal advice from experts like Turner Freeman Lawyers.
Cyclone Koji tests Suncorp's new Townsville insurance hub
Cyclone Koji's impact on North Queensland provided the first major test for Suncorp's new regional insurance hub in Townsville. See how the insurer's local response strategy performed.
RAC adds new directors as insurance sale bid prepared
Former Peet boss Brendan Gore joins RACWA board as the member-owned mutual prepares a fresh bid to sell its $1.35bn insurance business to IAG after ACCC block. Read the latest.
Townsville homeowners face huge premiums as reinsurance pool fails
Townsville residents are facing crippling insurance hikes despite a federal reinsurance pool, with some premiums doubling. Experts warn the scheme isn't working as intended. Read the full investigation.
Revealed: WA's worst shopping centre carparks for crashes
New AAMI data exposes Perth's most dangerous shopping centre carparks this Christmas. Innaloo tops the list. Learn the risky times and how to avoid a costly prang.
Criminals can't drive manual cars, says Allianz
New data from Allianz Australia reveals a surprising trend: many would-be thieves are abandoning manual vehicles because they simply don't know how to drive them. Read the full report.
Allianz warns of summer home risks as Aussies skip maintenance
New data reveals 42% of Australians haven't prepared homes for summer weather risks. Allianz reports $84m in claims last season. Expert tips to safeguard your property.
Cbus fined $23.5m over delayed death benefit payouts
Construction super fund giant Cbus hit with a massive $23.5m penalty for systemic failures in death benefit processing, raising concerns for Australia's $4.3tr not-for-profit super sector.
UK Closes Pension Loophole for Australians
British government shocks Australian expats by closing National Insurance loophole that allowed cheap state pension access. Learn how this affects your retirement plans.
Insurance crisis hits Hinchinbrook as MP steps in
Townsville residents face insurance turmoil as local MP Crisafulli addresses Hinchinbrook's coverage crisis. Discover how political action aims to protect homeowners.
ACCC delays $1.35bn RAC insurance sale decision
The ACCC has postponed its decision on IAG's contentious $1.35 billion acquisition of RAC Insurance until December 11, raising competition concerns in WA's insurance market.
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