Insurance News

1. AFCA supports more standard definitions

   The Australian Financial Complaints Authority has backed proposals to introduce more standard definitions for natural disasters, arguing it will help consumers compare products and cut complaints...

2. Repairer shortage condemns electric vehicles to scrapheap

   A lack of certified repairers is leading to electric vehicles being written off with only minor damage rather than fixed, industry experts say...

3. Resilience grants to help apartment blocks weather the storms

   Apartment blocks in northern Queensland will have access to $60 million in federal and state funding for resilience measures, in a program similar to one already aiding houses...

4. Complaints authority rejects insurer’s landslide exclusion

   A company that claimed for damage caused by a landslip following a storm has won its bid to overturn its insurer’s application of a policy exclusion...

5. Commercial rates fall 2% in first drop since 2016 

   Australian commercial premium rates have declined for the first time since 2016, falling 2% in the first quarter, according to Marsh’s latest Global Insurance Market Index, released today...