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Insurance News from Farm Insurance Online

Farm Insurance Online is pleased to present the latest financial news headlines.

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News items on this page are prepared by our editorial team as summaries of publicly available news reports and official announcements. See linked news sources where available. The following news items are for informational purposes only and are not independent journalism.

Insurance News

Allianz Announces Further Reductions in Broker Commissions for Home and Landlord Insurance
Allianz Announces Further Reductions in Broker Commissions for Home and Landlord Insurance
14 May 2026: Paige Estritori
Allianz has announced a further reduction in broker commissions for its home and landlord insurance products, aiming to maintain the sustainability of its portfolio amidst increasing claims costs and heightened natural catastrophe activity. Effective from July 1, 2026, the maximum commission rate payable to brokers will decrease from 17.5% to 15%, with a subsequent reduction to 12.5% scheduled for July 1, 2027. - read more
Victorian Bushfires Set to Drive Up Insurance Premiums in High-Risk Regions
Victorian Bushfires Set to Drive Up Insurance Premiums in High-Risk Regions
14 May 2026: Paige Estritori
Recent bushfires in Victoria have raised concerns about potential increases in insurance premiums, particularly in regions already grappling with affordability issues. The Insurance Council of Australia (ICA) has declared the fires a catastrophic event, with over 2,600 claims filed, nearly half of which pertain to commercial properties, including farms. - read more
Global Insurance Rates Decline Despite Rising Catastrophe Losses
Global Insurance Rates Decline Despite Rising Catastrophe Losses
14 May 2026: Paige Estritori
The global insurance market is experiencing a paradoxical trend: despite a significant rise in catastrophe losses, insurance rates are declining, creating a favorable environment for buyers. In 2025, global insured catastrophe losses exceeded US$100 billion for the sixth consecutive year, yet the market has remained 'soft' into the first half of 2026. - read more
Resilience in Australia's Non-Life Insurance Sector Amidst Volatile Risks
Resilience in Australia's Non-Life Insurance Sector Amidst Volatile Risks
13 May 2026: Paige Estritori
Australia's non-life insurance industry has demonstrated remarkable resilience in the face of an increasingly complex and interconnected risk landscape. According to a recent report by AM Best, the sector achieved total insurance revenue of approximately AUD 77.7 billion for the fiscal year ending 30 June 2025. This performance underscores the industry's ability to navigate challenges and maintain robust growth. - read more
IAG Enhances Risk Management by Integrating RACQ Insurance into 2026 Reinsurance Program
IAG Enhances Risk Management by Integrating RACQ Insurance into 2026 Reinsurance Program
13 May 2026: Paige Estritori
Insurance Australia Group (IAG) has successfully integrated RACQ Insurance (RACQI) into its 2026 catastrophe reinsurance program. This strategic move follows IAG's acquisition of RACQI on 1 September 2025 and represents a significant step in enhancing the company's risk management framework. - read more

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Farm Insurance Articles

Farm Insurance Comparison: Secure Your Farm with the Right Coverage
Farm Insurance Comparison: Secure Your Farm with the Right Coverage
As a farm owner, your livelihood depends not only on the hard work you put in but also on the protection you have in place against unforeseen events. Farm insurance is crucial in safeguarding your investments, ensuring that your operations can continue smoothly even when faced with unexpected challenges. - read more
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
Understanding the Coverage: What Your Farm Insurance Should Include
Understanding the Coverage: What Your Farm Insurance Should Include
The serene morning mists settling over green pastures and the peaceful clucking of poultry might paint an idyllic picture of farm life, but seasoned farmers know that this lifestyle comes with its own set of risks and uncertainties. In the world of agriculture, each new day could bring events that threaten your way of life and the heart of your business. This is where farm insurance becomes not just important, but essential. - read more
Safeguarding Your Harvest: The Importance of Crop Insurance
Safeguarding Your Harvest: The Importance of Crop Insurance
In the ever-unpredictable world of farming, crop insurance emerges as a pivotal ally for farmers, hedging against the myriad of risks that come with cultivating the land. As the first step to understanding this crucial safeguard, let's unfold the question: What is crop insurance, exactly? In essence, crop insurance is a type of cover designed to cushion farmers from financial losses due to unavoidable circumstances such as adverse weather conditions, pests, disease, or even market fluctuations. - read more
Risk Mitigation: Best Practices for Rural Farmers
Risk Mitigation: Best Practices for Rural Farmers
Risk mitigation is a strategy used to prepare for and lessen the effects of potential risks faced by rural farmers. It involves identifying potential threats and taking proactive steps to minimize their impact. - read more

Knowledgebase
Underwriting:
The process by which an insurer determines the risk of insuring a client and decides the terms of coverage.