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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

    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
    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
    Understanding Machinery Breakdown Insurance for Australian Farms
    Understanding Machinery Breakdown Insurance for Australian Farms
    Welcome to our in-depth exploration of Machinery Breakdown Insurance—a safety net that's becoming increasingly important for the modern Australian farmer. Whether you're involved in cropping, dairy, or livestock, your equipment is the backbone of your operation. As farming technology evolves, the machinery becomes more sophisticated, and unfortunately, the more complex a system is, the more that can go wrong. This is where Machinery Breakdown 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
    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.