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Insurance News

HESTA's 12% Insurance Fee Reduction: What It Means for Real Estate Professionals
HESTA's 12% Insurance Fee Reduction: What It Means for Real Estate Professionals
07 Jun 2026: Paige Estritori
HESTA, a leading superannuation fund, has announced a significant reduction in insurance fees, averaging 12% across all cover types, effective from 1 July 2026. This initiative aims to provide more accessible and affordable insurance coverage for its members, including real estate professionals who rely on comprehensive protection. - read more
IAG's $505 Million Profit: Navigating Weather Challenges in the Insurance Sector
IAG's $505 Million Profit: Navigating Weather Challenges in the Insurance Sector
07 Jun 2026: Paige Estritori
Insurance Australia Group (IAG), a prominent player in the Australian insurance market, has reported a net profit after tax of $505 million for the first half of the 2026 financial year. This figure represents a decrease from the $778 million recorded in the corresponding period of the previous year, primarily due to the impact of severe seasonal weather events. - read more
Suncorp's $2.4 Billion Reinsurance Deal: Implications for the Insurance Market
Suncorp's $2.4 Billion Reinsurance Deal: Implications for the Insurance Market
07 Jun 2026: Paige Estritori
Suncorp, a leading Australian general insurer, has successfully secured up to $2.4 billion in reinsurance protection over a five-year period. This strategic move has positively influenced the company's fiscal 2026 growth outlook, leading to a significant surge in its share value. - read more
ICA Advocates for Overhaul of Civil Liability Laws to Ease Insurance Burden
ICA Advocates for Overhaul of Civil Liability Laws to Ease Insurance Burden
07 Jun 2026: Paige Estritori
The Insurance Council of Australia (ICA) has recently called for urgent reforms to outdated state and territory civil liability laws, highlighting their significant contribution to the rising insurance costs faced by small businesses and community organisations. These laws, many of which have not been reviewed in nearly 25 years, are increasingly seen as inadequate in addressing the complexities of modern liability claims. - read more
ACCC Approves Uniting Church's National Insurance Purchasing Program
ACCC Approves Uniting Church's National Insurance Purchasing Program
07 Jun 2026: Paige Estritori
The Australian Competition and Consumer Commission (ACCC) has granted a six-year authorisation for the Uniting Church's national insurance purchasing program, a move anticipated to reduce premiums and deliver better outcomes for the organisation's diverse operations. - read more
Farm Insurance Articles

Understanding the Different Types of Farm Insurance Coverage
Understanding the Different Types of Farm Insurance Coverage
In the world of farming, risks are an everyday reality. Whether you're dealing with unpredictable weather, pest invasions, or fluctuating market prices, the uncertainties can be overwhelming. This is where farm insurance comes into play. - read more
Custom Farm Insurance: Tailoring the Perfect Policy for Your Agricultural Needs
Custom Farm Insurance: Tailoring the Perfect Policy for Your Agricultural Needs
Welcome to the world of farm insurance, where no two policies are the same, just as no two farms mirror each other in operations and risks. As a farmer, you are acutely aware that your agricultural endeavors bring a unique set of challenges and needs. Recognizing this diversity is the first step in protecting your livelihood. - read more
Preparing for the Unexpected: A Farmer's Guide to Comprehensive Weather-Related Insurance
Preparing for the Unexpected: A Farmer's Guide to Comprehensive Weather-Related Insurance
Farmers are no strangers to the whims of nature. The weather, with its unpredictable temperament, can have a profound impact on farming operations. A single storm can lay waste to crops, while a prolonged drought can jeopardize the health of livestock and lead to severe economic strain. Understandably, the uncertainty that weather brings is one of the largest variables in a farmer's success equation. - read more
On-Farm Safety: Insurance Tips to Minimize Accidents and Liability
On-Farm Safety: Insurance Tips to Minimize Accidents and Liability
For Australian farmers, every day presents a complex web of activities that demand not only their physical toil but also a keen attention towards safety. On-farm safety is paramount and is the shield that guards the well-being of both workers and operations in Australia's diverse agricultural landscape. It's not just about the immediate repercussions of accidents, but also their long-term impact on a farm's viability. - read more
Are You Covered? Common Insufficient Coverage Mistakes in Farm Insurance
Are You Covered? Common Insufficient Coverage Mistakes in Farm Insurance
Welcome to our discussion on farm insurance, a vital aspect for anyone involved in agriculture. Whether you run a smallholding or manage extensive agricultural operations, understanding your insurance coverage can make all the difference in safeguarding your livelihood. - read more

Knowledgebase
Subrogation:
The process by which an insurance company seeks to recover the amount paid to the policyholder from a third party responsible for the loss.