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    Insurance News

    Record Complaints Highlight Challenges in Australian Insurance Claims Processing
    Record Complaints Highlight Challenges in Australian Insurance Claims Processing
    29 Apr 2026: Paige Estritori
    The Australian insurance industry is currently facing an unprecedented surge in consumer complaints, primarily due to delays in processing claims. This development underscores significant challenges within the sector, particularly affecting tradespeople and small business owners who depend on timely claim resolutions to maintain their operations. - read more
    Assessing the Impact of Market Consolidation on Australian Insurance Competition
    Assessing the Impact of Market Consolidation on Australian Insurance Competition
    29 Apr 2026: Paige Estritori
    The Australian insurance industry has undergone significant consolidation in recent years, leading to concerns about reduced competition and its potential impact on consumers, particularly tradespeople and small business owners who rely on diverse and competitive insurance options. - read more
    Australian Senate Prohibits Use of Genetic Test Results in Life Insurance Underwriting
    Australian Senate Prohibits Use of Genetic Test Results in Life Insurance Underwriting
    29 Apr 2026: Paige Estritori
    The Australian Senate has recently passed legislation that prohibits life insurers from using genetic test results in their underwriting processes. This landmark decision aims to protect consumers from potential discrimination based on their genetic information and to ensure fairness in the assessment of life insurance policies. - read more
    Government Steps In to Secure Fertiliser Supply for Australian Farmers
    Government Steps In to Secure Fertiliser Supply for Australian Farmers
    29 Apr 2026: Paige Estritori
    In response to global supply chain disruptions affecting fertiliser availability, the Australian government has partnered with chemical companies CSBP and Incitec Pivot to ensure a steady supply for the nation's farmers. This initiative comes amid challenges posed by the closure of the Strait of Hormuz, a critical passage for global trade, which has led to increased prices and uncertainty in the fertiliser market. - read more
    CGU and WFI Insurance Collaborate with Ag Guard to Boost Agricultural Coverage
    CGU and WFI Insurance Collaborate with Ag Guard to Boost Agricultural Coverage
    29 Apr 2026: Paige Estritori
    In a strategic move to bolster agricultural insurance offerings, IAG's Intermediated Insurance Australia business, encompassing the CGU and WFI Insurance brands, has announced an exclusive partnership with Ag Guard, a technology-driven agricultural insurance agency. This collaboration, set to commence in June 2026, aims to enhance risk selection processes and claims handling capabilities. - read more
    Farm Insurance Articles

    Effective Risk Management Plans Every Farm Owner Should Implement
    Effective Risk Management Plans Every Farm Owner Should Implement
    Managing a farm involves juggling many uncertainties and potential risks. Risk management in farming refers to the process of identifying, assessing, and prioritising risks associated with agricultural activities. Effective risk management ensures that farmers can handle obstacles and continue their operations smoothly. - read more
    Adapting to Change: How Australian Farms Can Thrive Amidst Climate Shifts
    Adapting to Change: How Australian Farms Can Thrive Amidst Climate Shifts
    Australia's agricultural sector stands as a testament to the resilience and ingenuity of its farmers. Yet, this stalwart industry faces one of its greatest challenges: climate change. Rising temperatures, erratic weather patterns, and extreme events, from droughts to floods, are now common hurdles on the landscape of Australian farming. - read more
    New Technologies in Crop Protection: How Precision Agriculture Enhances Insurance Coverage
    New Technologies in Crop Protection: How Precision Agriculture Enhances Insurance Coverage
    For generations, farmers have faced the challenge of protecting their crops from an array of threats, such as pests, diseases, and extreme weather. Traditional crop protection strategies have relied heavily on blanket approaches, as in using widespread pesticide application, or generalized irrigation systems, regardless of the varying needs across a field. While these methods have had their successes, they also come with limitations in efficiency, environmental impact, and the precision needed for optimal crop health and yield. - read more
    How to Protect Your Farm Investments with the Right Insurance Plans
    How to Protect Your Farm Investments with the Right Insurance Plans
    If you are running a farm, you already know that it is more than just a business; it's a way of life. Your farm is a culmination of hard work, valuable resources, and significant financial investments. - read more
    The Rural Farmer’s Handbook to Affordable Farm Insurance
    The Rural Farmer’s Handbook to Affordable Farm Insurance
    As a rural farmer, protecting your livelihood should be a top priority. Farm insurance is crucial because it safeguards your investment and income against unforeseen events such as natural disasters, accidents, and theft. - read more

    Knowledgebase
    Insurance Deductible:
    the amount that an insured is required to contribute toward an insurance claim as stipulated in an insurance policy. Otherwise known as the "policy excess".