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Liability Insurance Australia
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Liability Insurance Australia :: News

Insurance News from Liability Insurance Australia

Liability Insurance Australia is pleased to present the latest financial news headlines.

To read an entire news item, simply click on the headline.

Insurance News
Year: Month:

Netstrata's Undisclosed Commissions and Conflicts of Interest Revealed Netstrata's Undisclosed Commissions and Conflicts of Interest Revealed
06 Dec 2025: Paige Estritori

In February 2025, an independent review conducted by McGrathNicol uncovered significant issues within Netstrata, a prominent strata management company. The investigation revealed that Netstrata failed to disclose commissions and did not obtain multiple quotes for services, potentially breaching legal obligations. Additionally, the review identified undisclosed personal relationships between Netstrata employees and suppliers, raising serious concerns about conflicts of interest. - read more
NSW Fair Trading Revokes Strata Licences Due to Insurance Failures and Misconduct NSW Fair Trading Revokes Strata Licences Due to Insurance Failures and Misconduct
06 Dec 2025: Paige Estritori

In May 2025, NSW Fair Trading took decisive action against Result Strata Management Pty Ltd and its General Manager, Michael Lee, by permanently revoking their licences to operate in the state's strata management sector. This move followed an investigation that uncovered multiple breaches of the Property and Stock Agents Act 2002, highlighting significant misconduct within the company. - read more
CHU's 2025 Strata Market Report: Stability Amidst Climate and Regulatory Challenges CHU's 2025 Strata Market Report: Stability Amidst Climate and Regulatory Challenges
06 Dec 2025: Paige Estritori

In November 2025, CHU, Australia's largest strata insurance underwriting agency, released its 2025 State of the Strata Market report, providing a comprehensive analysis of the current trends and challenges within the strata industry. The report offers valuable insights into premium trends, climate-related risks, regulatory developments, and emerging sector challenges. - read more
Rising Insurance Costs Amidst Climate Change: What Homeowners Need to Know Rising Insurance Costs Amidst Climate Change: What Homeowners Need to Know
06 Dec 2025: Paige Estritori

Australian homeowners are experiencing significant increases in home insurance premiums, largely due to the escalating risks associated with climate change. Recent analyses reveal a national average premium hike of 14%, translating to an additional $343 annually for policyholders. This trend underscores the growing financial burden on homeowners as extreme weather events become more frequent and severe. - read more
Competitive Market Dynamics Drive Down Construction Insurance Costs Competitive Market Dynamics Drive Down Construction Insurance Costs
06 Dec 2025: Paige Estritori

The Australian construction insurance market has entered a notably softer phase in 2025, characterized by a significant reduction in premiums across various lines. This shift is primarily attributed to increased competition among insurers, offering clients more options and driving down costs. - read more
Why Perth Hospitality Businesses Should Reassess Their Insurance Coverage Why Perth Hospitality Businesses Should Reassess Their Insurance Coverage
06 Dec 2025: Paige Estritori

Perth's hospitality industry is currently navigating a challenging landscape marked by escalating operational costs and evolving risks. In response, industry experts are advocating for a thorough reassessment of insurance policies to ensure businesses are adequately protected. - read more
Fine Food Australia and R&CA Announce Strategic Partnership to Strengthen Hospitality Sector Fine Food Australia and R&CA Announce Strategic Partnership to Strengthen Hospitality Sector
06 Dec 2025: Paige Estritori

In a significant move to support Australia's hospitality industry, Fine Food Australia has announced a partnership with the Restaurant & Catering Industry Association of Australia (R&CA). This collaboration aims to provide a unified platform for industry professionals to network, share insights, and advocate for the sector's interests. - read more
Rising Risks Lead to Soaring Insurance Premiums for Hospitality Venues Rising Risks Lead to Soaring Insurance Premiums for Hospitality Venues
06 Dec 2025: Paige Estritori

Australian hospitality venues, particularly those offering live entertainment and serving alcohol, are experiencing a significant surge in insurance premiums. This trend is attributed to the heightened risks associated with alcohol consumption and entertainment activities, leading to increased incidents and claims. - read more
Queensland Strata Owners: Act Now to Lower Your Insurance Premiums Queensland Strata Owners: Act Now to Lower Your Insurance Premiums
05 Dec 2025: Paige Estritori

Strata property owners in North and Central Queensland are being urged to take advantage of new federal and state initiatives designed to reduce insurance premiums and enhance cyclone resilience. These programs provide financial incentives for property upgrades that can lead to significant savings on insurance costs. - read more
Strata Living in Australia: A $1.4 Trillion Market and Growing Strata Living in Australia: A $1.4 Trillion Market and Growing
05 Dec 2025: Paige Estritori

The insured value of strata properties in Australia has reached an estimated $1.4 trillion, underscoring the growing significance of strata living in the nation's housing landscape. This substantial valuation reflects the increasing number of Australians choosing strata-titled properties as their preferred mode of residence. - read more
CHU's 2025 Report: Strata Insurance Premiums Remain Stable Amidst Industry Shifts CHU's 2025 Report: Strata Insurance Premiums Remain Stable Amidst Industry Shifts
05 Dec 2025: Paige Estritori

CHU, Australia's largest strata insurance underwriting agency, has released its 2025 State of the Strata Market report, providing a comprehensive analysis of the current state of the industry. The report offers valuable insights into premium movements, the impact of weather events, regulatory developments, and emerging risks affecting strata insurance. - read more
Surge in Mental Health Claims Reshapes Australia's Insurance Landscape Surge in Mental Health Claims Reshapes Australia's Insurance Landscape
02 Dec 2025: Paige Estritori

Australia's insurance industry is experiencing a significant shift as mental health conditions have become the leading cause of total and permanent disability (TPD) claims. Recent data from the Council of Australian Life Insurers (CALI) indicates that mental health issues now account for nearly one-third of all TPD claims, marking a substantial change in the industry's claim patterns. - read more
Australian Insurance Premiums See Notable Decrease Australian Insurance Premiums See Notable Decrease
02 Dec 2025: Paige Estritori

Recent data indicates a notable decline in life and income protection insurance premiums across Australia, providing consumers with more affordable coverage options. According to the latest Direct Life Insurance Report from Rainmaker Information, direct life premiums have decreased by 7% since 2024. Similarly, direct income protection premiums have seen significant reductions, with average premiums for waiting periods of 30 days and 90 days decreasing by 12% and 13%, respectively. - read more
TAL's Health Sense Plus Now Covers Income Protection Policies TAL's Health Sense Plus Now Covers Income Protection Policies
02 Dec 2025: Paige Estritori

In a significant development for policyholders, TAL has expanded its Health Sense Plus program to encompass income protection (IP) policies. This initiative, effective from August 8, 2025, aims to incentivise proactive health management by offering premium discounts to clients who engage in preventative health checks. - read more
Northern Australian Marinas Appeal for Government Support Amid Escalating Insurance Costs Northern Australian Marinas Appeal for Government Support Amid Escalating Insurance Costs
02 Dec 2025: Paige Estritori

Marina operators across Northern Australia are sounding the alarm over surging insurance premiums, with some reporting increases exceeding 300% in recent years. This financial strain is prompting urgent calls for government intervention to ensure the sustainability of the industry. - read more
Coast Insurance Announces New Co-CEOs to Propel Strategic Growth Coast Insurance Announces New Co-CEOs to Propel Strategic Growth
02 Dec 2025: Paige Estritori

In a significant move within the Australian insurance sector, Coast Insurance has appointed Stephanie Muller and Jordan Brindley as Co-Chief Executive Officers. This strategic decision underscores the company's commitment to robust leadership and sustained growth. - read more
Suncorp Braces for $350 Million Reinsurance Impact Following Severe Storms Suncorp Braces for $350 Million Reinsurance Impact Following Severe Storms
02 Dec 2025: Paige Estritori

Recent supercell thunderstorms have wreaked havoc across South East Queensland and northern New South Wales, leading to significant financial implications for insurers. Suncorp, a major player in the Australian insurance market, is preparing for a substantial reinsurance retention of $350 million as a result of these events. - read more
QBE Insurance Faces Market Challenges as Premium Growth Slows QBE Insurance Faces Market Challenges as Premium Growth Slows
02 Dec 2025: Paige Estritori

QBE Insurance Group, Australia's largest insurer by market value, recently experienced a significant decline in its share price, reaching a seven-month low. This downturn is primarily attributed to a noticeable slowdown in the company's premium rate growth during the third quarter of the 2025 fiscal year. - read more
Climate Change's Impact on Rising Home Insurance Premiums in Australia Climate Change's Impact on Rising Home Insurance Premiums in Australia
02 Dec 2025: Paige Estritori

Insurance Australia Group (IAG), a leading insurer in Australia, has highlighted the significant role of climate change in driving up home insurance premiums. The company reports that the increasing frequency and severity of weather events are major factors contributing to these rising costs. - read more
Australian Insurers' Preparedness for Emerging Risks Falls Short Australian Insurers' Preparedness for Emerging Risks Falls Short
02 Dec 2025: Paige Estritori

Recent findings from PwC's Insurance Banana Skins Survey indicate that Australian insurers are trailing behind their global counterparts in terms of preparedness for emerging risks, particularly in areas such as cyber threats and artificial intelligence (AI). - read more
QBE Insurance Faces Market Challenges with Slower Premium Growth QBE Insurance Faces Market Challenges with Slower Premium Growth
02 Dec 2025: Paige Estritori

QBE Insurance Group, Australia's largest insurer by market value, recently experienced a significant decline in its share price, reaching a seven-month low. This downturn is primarily attributed to a noticeable slowdown in the company's premium rate growth during the third quarter of fiscal 2025. - read more
Australian Insurers Face Challenges in Risk Preparedness Australian Insurers Face Challenges in Risk Preparedness
02 Dec 2025: Paige Estritori

Recent findings from the PwC Insurance Banana Skins Survey have highlighted a concerning trend: Australian insurers are trailing behind their global counterparts in terms of preparedness for emerging risks. This survey, now in its tenth iteration, gathered insights from 698 insurance executives across 42 territories, including 37 from Australia, encompassing leaders from major general, life, and composite insurance organisations. - read more
Allianz Australia Penalised for Misleading Insurance Practices Allianz Australia Penalised for Misleading Insurance Practices
02 Dec 2025: Paige Estritori

In a significant regulatory development, Allianz Australia and its subsidiary, AWP Australia, have been fined $16.8 million for making false and misleading statements. This penalty underscores the critical importance of transparency and honesty in the insurance industry. - read more
Businesses Advocate for Reforms Amid Rising Insurance Premiums Businesses Advocate for Reforms Amid Rising Insurance Premiums
01 Dec 2025: Paige Estritori

The Australian Chamber of Commerce and Industry, in collaboration with the Insurance Council of Australia, has released a report highlighting the urgent need for coordinated reforms to address the escalating insurance premiums affecting small and medium-sized enterprises (SMEs). The report underscores that soaring premiums are compelling many SMEs, including beauty salons, to either forgo insurance or reduce coverage, posing significant risks to their operations. - read more
AFCA Determines Home-Based Waxing Salon Is a Business AFCA Determines Home-Based Waxing Salon Is a Business
01 Dec 2025: Paige Estritori

The Australian Financial Complaints Authority (AFCA) recently ruled that a home-based waxing salon operated by a Suncorp customer constitutes a business, not merely a hobby. This decision has significant implications for beauticians managing home-based operations, particularly concerning insurance disclosures and compliance. - read more
ASIC Announces 2025 Focus on Insurance Pricing and Claims Handling ASIC Announces 2025 Focus on Insurance Pricing and Claims Handling
01 Dec 2025: Paige Estritori

The Australian Securities and Investments Commission (ASIC) has unveiled its enforcement priorities for 2025, placing a significant emphasis on insurance pricing practices, claims handling, and complaints processes. This initiative aims to enhance consumer protection and ensure fair practices within the insurance industry. - read more
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Business Insurance Articles

Decoding Public Liability Insurance: Is It a Must-Have for Your Australian Startup?
Decoding Public Liability Insurance: Is It a Must-Have for Your Australian Startup?
Public liability insurance is an integral safety net designed to protect businesses from the financial risks associated with lawsuits or claims. It provides coverage when a business is found legally responsible for personal injury to a third party or damage to their property. This form of insurance can significantly reduce the burden of legal fees, compensation claims, and other associated costs that may arise from unforeseen incidents. - read more
Public Liability Insurance Claims: What to Expect and How to Prepare
Public Liability Insurance Claims: What to Expect and How to Prepare
Public liability insurance is a type of insurance policy that provides coverage for businesses and individuals against claims made by third parties for injuries or damages sustained while on their property or as a result of their activities. - read more
Insurance Essentials: Protecting Your Small Business with Public Liability Coverage
Insurance Essentials: Protecting Your Small Business with Public Liability Coverage
Running a small business in Australia comes with its own set of challenges and risks. One crucial aspect that should never be overlooked is insurance, particularly public liability insurance. The reason is simple: it offers essential protection against claims of property damage or personal injury caused by your business operations. - read more
Understanding Liability Insurance: A Must-Read for Australian Business Owners
Understanding Liability Insurance: A Must-Read for Australian Business Owners
As a business owner in Australia, navigating the complexities of insurance is crucial to safeguard your enterprise against unforeseen events. Liability insurance emerges as a cornerstone of a sound risk management plan, protecting you financially when held responsible for accidents, injuries or negligence. Its importance cannot be understated, as it serves not only to defend your business assets but also to ensure peace of mind in a climate of continually evolving liabilities. - read more
How Public Liability Insurance Can Save Your Business During a Crisis
How Public Liability Insurance Can Save Your Business During a Crisis
Public liability insurance is designed to protect your business from financial loss if you are found liable for causing injury or property damage to a third party. This type of insurance covers legal costs and any compensation claims that might arise from accidents or incidents involving your business operations. - read more


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