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Insurance News

Communities Laud Insurance Improvements Post-Flood Events Communities Laud Insurance Improvements Post-Flood Events
23 Apr 2024: .Paige Estritori

Residents and officials from regions affected by flooding have observed a discernable shift in insurers' handling of claims following natural catastrophes, with recent proceedings reflecting a more positive trajectory. This outlook emerged during a federal inquiry session that gave a voice to flood-impacted communities in Heathcote, Victoria. - read more
Traveler's Appeal on Wildfire Claim Denied by Adjudicator Traveler's Appeal on Wildfire Claim Denied by Adjudicator
22 Apr 2024: .Paige Estritori

An individual's anticipation of a serene vacation in Hawaii was met with a grievous twist when wildfires ravaged Maui, leading to an urgent evacuation and unplanned expenses. A customer of Mitsui Sumitomo ventured to the Pacific paradise only to have plans upended by nature's wrath. The ensuing insurance claim denial sparked a dispute which has now been resolved by the authoritative voice of the industry’s dispute resolver, leaving a glaring reminder of the importance of scrutinizing insurance options. - read more
Life Insurance Participation Drops By Nearly One-Fifth in Five Years Life Insurance Participation Drops By Nearly One-Fifth in Five Years
19 Apr 2024: .Paige Estritori

Last year, research from a major insurance provider signaled a significant shift in the life insurance landscape within Australia, showing a marked decrease in the percentage of insured non-dependent adults of working age. Only 77% now carry some form of life insurance, a stark contrast to the 94% coverage rate recorded in 2017. Industries evolve, yet the dip in these figures marks a noteworthy trend within the life insurance sector. - read more
London's CFC Gears Up for Australian Expansion With Local Acquisition London's CFC Gears Up for Australian Expansion With Local Acquisition
18 Apr 2024: .Paige Estritori

In a strategic move to fortify its Australian footprint, the prominent London-based cyber insurance firm CFC has announced the procurement of Melbourne's Solution Underwriting. Already an experienced player in the Australian insurance sector, CFC’s recent acquisition marks a significant augmentation of its local operations. - read more
Urgent Call for Stamp Duty Reforms as Queensland Votes Loom Urgent Call for Stamp Duty Reforms as Queensland Votes Loom
18 Apr 2024: .Paige Estritori

In the lead-up to the imminent Queensland state election, the Australian Consumers Insurance Lobby (ACIL) is fervently appealing to prospective legislators to prioritize an overhaul of the antiquated stamp duty regime. ACIL has pinpointed this as a critical issue, particularly in the context of the escalating costs that have disproportionately impacted residents in the north of the state. - read more

Life Insurance Articles

The Role of Rehabilitation Benefits in Income Protection Insurance The Role of Rehabilitation Benefits in Income Protection Insurance
When the unexpected strikes, such as an illness or injury hindering our ability to earn a living, the financial repercussions can be devastating. This is where income protection insurance becomes a pivotal part of our financial safety net, ensuring a stream of income during challenging times. - read more
Income Protection Insurance: Balancing Cost with Adequate Coverage Income Protection Insurance: Balancing Cost with Adequate Coverage
Income protection insurance is a critical safety net for anyone who relies on a steady paycheck to meet their financial obligations and maintain their lifestyle. It offers a replacement income if you are unable to work due to illness or injury, ensuring that your financial responsibilities can be met even when you're not at your earning best. In today's fast-paced world, income protection has become an essential consideration for the modern working individual. - read more
Understanding the Process: A Beginner's Guide to Income Insurance Claims Understanding the Process: A Beginner's Guide to Income Insurance Claims
Income insurance, an often-overlooked component of financial security, is gaining traction among Australia's burgeoning self-employed population. In an economy where traditional employment is no longer the sole path to success, this form of insurance has become a cornerstone for proactive financial planning. Touted as a safety net, it ensures that personal livelihoods and business operations remain secure in the face of adversity. - read more
Income Insurance: The Safety Net for Your Financial Goals in Australia Income Insurance: The Safety Net for Your Financial Goals in Australia
Financial security is pivotal for anyone striving to meet their life goals, be it owning a home, educating children, or ensuring a comfortable retirement. In Australia, where uncertainties can disrupt our best laid-out financial plans, having a safety net in place is essential. Income insurance offers just that—protection against the unforeseen events that could impact your income earning abilities. - read more
Navigating Pre-existing Conditions in Income Protection Insurance Navigating Pre-existing Conditions in Income Protection Insurance
Income protection insurance is a safety net that many Australians rely on to secure their financial future in the event of illness or injury preventing them from working. It's a type of policy that provides a replacement income if you are unable to earn your regular income due to a health-related absence from the workplace. - read more

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