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      Insurance News

      Cyclone Pool Delivers Relief, But Farmers Still Need to Check Cover
      Cyclone Pool Delivers Relief, But Farmers Still Need to Check Cover
      30 Jun 2026: Paige Estritori
      The Australian Competition and Consumer Commission’s final monitoring report on the cyclone reinsurance pool has delivered a mixed message for rural and regional northern Australia. The pool appears to have helped ease some premium pressure for medium to high cyclone-risk areas, including reductions across home, strata and small business building and contents cover. For farm families and agribusinesses in cyclone-exposed regions, that is welcome news after years of rising costs and limited choice. - read more
      Draft Insurance Code Could Lift Claims Standards for Tradies
      Draft Insurance Code Could Lift Claims Standards for Tradies
      30 Jun 2026: Paige Estritori
      The Insurance Council of Australia’s redrafted General Insurance Code of Practice has moved into consultation, with submissions open until 21 July 2026 and a transition period of around two years expected if the code proceeds. For trade business owners, the headline change is that key insurer commitments are intended to become contractually enforceable, rather than sitting only as industry standards. - read more
      Queensland WorkCover Freeze Offers Breathing Room for Tradie Employers
      Queensland WorkCover Freeze Offers Breathing Room for Tradie Employers
      29 Jun 2026: Paige Estritori
      Queensland trade businesses have received a welcome measure of cost certainty, with WorkCover Queensland’s average premium rate to remain unchanged for the 2026-27 financial year. The rate will stay at $1.343 per $100 of wages, marking the second consecutive year without an increase. - read more
      AI Risk Is Moving From IT Teams to the Boardroom
      AI Risk Is Moving From IT Teams to the Boardroom
      29 Jun 2026: Paige Estritori
      Artificial intelligence is no longer a side project for technology teams. Fresh industry reporting on Clyde & Co’s Corporate Risk Radar 2026 points to a sharp rise in concern among business leaders, with technology risk now being treated as a core governance, regulatory and reputational issue. For Australian consultants, advisers, designers, engineers, accountants, marketers and other professional service providers, that shift has direct implications for risk management and professional indemnity cover. - read more

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      Knowledgebase
      Disability Insurance:
      A type of insurance protection that pays a portion of a person's income lost due to a total or partial disablement arising from either an accident or a sickness.