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| Marsh and Tokio Marine Kiln Introduce Port Disruption Insurance Amid Global Shipping Challenges 24 Nov 2025: Paige Estritori In response to escalating global shipping challenges, leading broker Marsh and Lloyd's underwriter Tokio Marine Kiln have launched a pioneering business interruption insurance specifically designed for ports. This innovative product aims to mitigate the financial impact of trade disruptions caused by various factors, including geopolitical tensions and operational strikes. - read more |
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| Australian Parliament's Inquiry into Small Business Insurance: What It Means for You 24 Nov 2025: Paige Estritori The Australian Parliament has initiated a comprehensive inquiry into the provision, regulation, and pricing of modern insurance products for small businesses and not-for-profit organisations. Announced on October 29, 2025, this inquiry aims to address critical issues affecting the insurance landscape for small enterprises across the nation. - read more |
| ASIC's $16.8 Million Penalty on Allianz Australia: A Wake-Up Call for the Insurance Industry 24 Nov 2025: Paige Estritori The Australian Securities and Investments Commission (ASIC) has imposed a $16.8 million fine on Allianz Australia and its subsidiary, AWP Australia, for making false and misleading statements regarding travel insurance products. This penalty, announced on February 28, 2025, underscores the regulator's commitment to maintaining transparency and integrity within the insurance sector. - read more |