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    Insurance News

    HESTA Announces 12% Reduction in Insurance Fees for Members
    HESTA Announces 12% Reduction in Insurance Fees for Members
    19 May 2026: Paige Estritori
    HESTA, a leading Australian superannuation fund, has unveiled a significant reduction in insurance fees, set to take effect from 1 July 2026. This initiative aims to make insurance coverage more accessible and affordable for its members, aligning with the fund's commitment to enhancing member benefits. - read more
    AFCA Supports Insurer's Application of Offset Clause in Income Protection Case
    AFCA Supports Insurer's Application of Offset Clause in Income Protection Case
    19 May 2026: Paige Estritori
    The Australian Financial Complaints Authority (AFCA) has recently ruled in favour of Nippon Life Insurance in a dispute concerning the application of an offset clause in an income protection (IP) claim. This decision underscores the critical importance of policyholders understanding the specific terms and conditions of their insurance policies. - read more
    NEOS Elevates Income Protection with Increased Medical-Free Limits
    NEOS Elevates Income Protection with Increased Medical-Free Limits
    19 May 2026: Paige Estritori
    NEOS has recently announced significant enhancements to its income protection offerings, effective from 11 March 2026. Responding to adviser feedback, the insurer has increased the maximum coverage available without mandatory medical examinations, aiming to simplify the application process for Australians seeking income protection insurance. - read more
    High Court Decision Alters Liability Landscape for Marine Insurers
    High Court Decision Alters Liability Landscape for Marine Insurers
    19 May 2026: Paige Estritori
    In a landmark decision, Australia's High Court has unanimously ruled that marine insurers cannot limit their liability for wreck removal and pollution clean-up claims. This ruling stems from the case involving Standard Club UK Ltd, the protection and indemnity (P&I) insurer for CSL Australia, following a 2022 collision at the Port of Devonport, Tasmania. - read more
    QBE and Aurora Revolutionize Yacht P&I Insurance with Automation
    QBE and Aurora Revolutionize Yacht P&I Insurance with Automation
    19 May 2026: Paige Estritori
    QBE, in collaboration with insurtech firm Aurora, has launched a fully automated underwriting system for Yacht Protection & Indemnity (P&I) insurance. This innovative platform streamlines the underwriting process, handling tasks from broker submissions to policy issuance without manual intervention. - read more
    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
    Unpacking the Fine Print: Common Misunderstandings in Farm Insurance Policies
    Unpacking the Fine Print: Common Misunderstandings in Farm Insurance Policies
    Welcome to our discussion on farm insurance, a crucial subject for every Australian farmer. Whether you're seasoned in agricultural ventures or just starting out, the world of insurance can often seem daunting and complex. - 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
    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

    Knowledgebase
    Depreciation:
    The reduction in the value of an asset over time, used in insurance to calculate the actual cash value of property.