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| 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 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 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 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 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 |
| Mental Health Drives Surge in Insurance Claims 11 Dec 2024: Paige Estritori In a revealing update, life insurance provider TAL has highlighted a significant increase in claims related to mental health, acknowledging the growing incidence of psychological conditions affecting policyholders. The latest data indicates that mental injuries have become the most predominant source of claims, surpassing even physical ailments. - read more |
| Insurance Premium Tactics Under Scrutiny 11 Dec 2024: Paige Estritori In Australia, consumers are experiencing unexpected hikes in their health insurance premiums, driven by strategies some companies employ to bypass standard regulatory measures. - read more |
| Mental Health Drives Growing Claims in Insurance Benefits: TAL Insights 10 Dec 2024: Paige Estritori The latest release of data from renowned Australian insurer, TAL, demonstrates the pervasive impact of mental health on insurance claims. Notably, mental health conditions have sustained their status as the leading cause for claims under Income Protection (IP) or Total and Permanent Disability (TPD) covers. - read more |
| Missed Insurance Coverage Turns Costly for Long-Time Client 09 Dec 2024: Paige Estritori In a challenging outcome for a long-standing customer, a car owner has faced rejection in his bid for damage compensation after it was established that his insurance coverage had been terminated over five years before the incident. - read more |
| Driving App in Focus: Safer Roads Through Tech-Savvy Incentives 09 Dec 2024: Paige Estritori Technology is reshaping how we approach road safety, and AAMI, a subsidiary of Suncorp, has taken a significant leap with its driver-focused rewards program. The initiative has reportedly succeeded in fostering better driving habits among participants. - read more |
| Mental Health Claims: A Growing Concern for Young Adults 06 Dec 2024: Paige Estritori Recent findings highlight a significant trend: an increase in Total and Permanent Disability (TPD) claims among 30- to 40-year-olds, with mental health as a key factor. Over the past decade, these claims have soared, the Council of Australian Life Insurers (CALI) reports. - read more |
| Bakery Blaze Sparks Allegations of Insurance Fraud 05 Dec 2024: Paige Estritori A bakery owner in Western Australia has been engulfed in controversy following accusations of deliberately setting her business premises on fire. Officials allege this was an attempt to secure a hefty insurance payout. - read more |
| Heat Claims Denied: Insurer Cites 'Oven Effect' in Container Dispute 05 Dec 2024: Paige Estritori A local business operator suffering significant heat damage to pool covers stored within shipping containers has experienced a setback, as a recent ruling favored the insurer's interpretation of their policy terms. The implications of this decision represent a crucial discussion point for businesses storing items prone to temperature sensitivity. - read more |
| Life Insurance Takes Backseat in Cost-Cutting Measures 03 Dec 2024: Paige Estritori As Australians tighten their belts in the face of rising living costs, life insurance is rapidly being placed on the chopping block. The Council of Australian Life Insurers (CALI) reports that individuals are more likely to reduce life cover rather than home or car insurance. - read more |
| Call for Greater Transparency in Professional Indemnity Insurance 02 Dec 2024: Paige Estritori The Australian Financial Complaints Authority (AFCA) is advocating for enhanced transparency concerning the Professional Indemnity (PI) insurance maintained by member companies, highlighting its current lack of oversight regarding PI insurers. - read more |
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| 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
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| Top 10 Budget-Friendly Travel Gems for Aussies in Southeast Asia Welcome to a journey of discovery where the vibrant cultures, stunning landscapes, and rich history of Southeast Asia await. Australian travellers have long been captivated by the allure of our northern neighbours, seeking adventures that not only promise unforgettable experiences but also offer remarkable value for money. - read more
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| The Savvy Traveller's Checklist for Affordable Travel Insurance Travel insurance is an indispensable component for any savvy traveller from Australia, playing a protective role in a myriad of situations that may occur away from home. Whether it's encountering flight delays, requiring medical assistance, or facing luggage theft, having a solid travel insurance policy can convert potential nightmares into manageable inconveniences. Yet, despite its importance, the process of finding a policy that won't break the bank is increasingly challenging. - read more
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| 10 Common Travel Expense Mistakes and How to Avoid Them Travel can be an exciting adventure, but it often comes with a myriad of expenses that can quickly add up. From flights and accommodations to meals and entertainment, the costs can take a toll on your budget. - read more
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| The Essential Guide to Travel Insurance for Australians on a Working Holiday in Canada Welcome to your guide to embark on an amazing journey from Australia to the breathtaking landscapes of Canada on a working holiday. This adventure presents an inviting blend of work and travel, allowing you to immerse yourself fully in Canadian culture while supporting your explorations financially. - read more
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How to Avoid Common Pitfalls When Filing a Travel Insurance Claim Travelling is an exciting adventure, but it comes with its own set of uncertainties. That's where travel insurance steps in, offering peace of mind by covering unforeseen expenses and emergencies. However, filing a travel insurance claim can sometimes be a daunting process. - read more
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Traveling on a Budget: Money-Saving Tips for Australians Traveling Overseas Traveling overseas is an exciting experience yet can be challenging, especially for Australians on a budget. With careful planning and budgeting, it is possible to make the most out of your trip without breaking the bank. This article provides valuable money-saving tips for Australians looking to explore the world on a restricted budget. - read more
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From Flight Cancellations to Lost Luggage: Why Travel Insurance is Crucial Picture this: You're all set for your dream vacation. Suitcases packed, tickets in hand, and the excitement building. But then, an unexpected disappointment hits. Your flight is cancelled. Suddenly, your well-laid plans are thrown into disarray. - read more
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Travel Troubles: How Travel Insurance Protects You from Unexpected Events Abroad For many Australian travellers, setting off on a global adventure is an exciting prospect. Yet, amidst this excitement, it's crucial to acknowledge the unexpected twists and turns that could arise. That's where travel insurance steps in. Not just a safety net, it serves as a vital component of travel planning, providing peace of mind as you explore the world. - read more
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The Savvy Traveller's Checklist for Affordable Travel Insurance Travel insurance is an indispensable component for any savvy traveller from Australia, playing a protective role in a myriad of situations that may occur away from home. Whether it's encountering flight delays, requiring medical assistance, or facing luggage theft, having a solid travel insurance policy can convert potential nightmares into manageable inconveniences. Yet, despite its importance, the process of finding a policy that won't break the bank is increasingly challenging. - read more
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