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Insurance News

HESTA Announces 12% Reduction in Insurance Fees for Members
HESTA Announces 12% Reduction in Insurance Fees for Members
13 May 2026: Paige Estritori
In a significant move to support its members, HESTA has announced an average 12% reduction in insurance fees across all cover types, effective from 1 July 2026. This initiative is part of a broader strategy to provide more accessible and affordable insurance coverage for its members, many of whom are professionals in the fitness industry. - read more
AFL Players Face Loss of Insurance Coverage for Brain Injuries
AFL Players Face Loss of Insurance Coverage for Brain Injuries
13 May 2026: Paige Estritori
In a recent development, AFL players have been informed that, effective May 1, 2026, their insurance coverage for brain injuries will be discontinued. This change comes after Zurich Insurance decided to exclude total and permanent disability (TPD) benefits for claims related to traumatic head injuries, concussion, Chronic Traumatic Encephalopathy (CTE), post-concussion syndrome, or any neurological impairment linked to brain injury. - read more
Australian Parliament Enacts Ban on Use of Genetic Test Results in Life Insurance
Australian Parliament Enacts Ban on Use of Genetic Test Results in Life Insurance
13 May 2026: Paige Estritori
On April 1, 2026, the Australian Parliament passed the Treasury Laws Amendment (Genetic Testing Protections in Life Insurance and Other Measures) Act 2026. This landmark legislation prohibits life insurers from using genetic test results in underwriting decisions, marking a significant advancement in privacy protections for individuals. - read more
HESTA Announces Significant Reduction in Insurance Fees and Enhanced Member Protections
HESTA Announces Significant Reduction in Insurance Fees and Enhanced Member Protections
13 May 2026: Paige Estritori
HESTA, a leading superannuation fund for health and community services professionals, has announced a comprehensive overhaul of its insurance offerings, set to take effect from 1 July 2026. This initiative includes an average 12% reduction in insurance fees across all cover types, aiming to provide more accessible and affordable insurance for its members. - read more
Suncorp Finalizes AU$2.4 Billion Reinsurance Agreement to Strengthen Financial Resilience
Suncorp Finalizes AU$2.4 Billion Reinsurance Agreement to Strengthen Financial Resilience
13 May 2026: Paige Estritori
Suncorp, a prominent Australian general insurer, has successfully secured a five-year reinsurance agreement valued at up to AU$2.4 billion. This strategic move is designed to cap natural hazard costs in approximately 90% of scenarios, thereby enhancing the company's financial resilience and stability. - read more
Household Insurance Articles

The Most Common Mistakes in Household Insurance Claims and How to Prevent Them
The Most Common Mistakes in Household Insurance Claims and How to Prevent Them
Household insurance is a crucial safety net for both homeowners and renters in Australia, offering protection against a range of potential damages and losses. Navigating the insurance claims process, however, can often be challenging and fraught with pitfalls. - read more
Wild Weather Ahead: Safeguarding Your Property from Storm-Related Damages
Wild Weather Ahead: Safeguarding Your Property from Storm-Related Damages
Welcome to our essential guide for protecting your property as wild weather sets its sights on Australia. Catastrophic storms and extreme conditions don't have to spell disaster for your home. Understanding the sheer force of Mother Nature reinforces the importance of consistent preparedness. In this article, we'll arm you with the knowledge you need to stand resilient against the elements. - read more
5 Essential Insurance Policies for Your Home-Based Business
5 Essential Insurance Policies for Your Home-Based Business
If you're running a business from your home, you may think that your homeowner's insurance policy has you covered. Unfortunately, this is not the case. Homeowner's insurance policies are not typically designed to cover business-related losses, leaving you vulnerable to significant financial risks if something goes wrong. - read more
Top 10 Questions to Ask Before Buying Home Insurance in Australia
Top 10 Questions to Ask Before Buying Home Insurance in Australia
For many Australians, owning a home is a significant life achievement and a substantial financial investment. Protecting this asset is crucial, which is where home insurance becomes indispensable. As we navigate the complexities of life and confront the unpredictable forces of nature, the right home insurance acts as a financial shield against potential losses. Whether it's a natural disaster, accidental damage, or theft, having a robust insurance policy ensures that your home and peace of mind remain intact. - read more
What to Look for When Choosing a Home and Contents Insurance Policy
What to Look for When Choosing a Home and Contents Insurance Policy
Home and Contents Insurance is a type of insurance policy that covers any damage or loss that may occur to your property, as well as the contents within it. This can include damages caused by fire, flood, theft and other unforeseen circumstances. In Australia, Home and Contents Insurance is of utmost importance due to the increasing rates of natural disasters such as bushfires and floods. - read more

Knowledgebase
Moral Hazard:
The concept that individuals may take on more risk when they do not bear the full consequences of that risk, often relevant in insurance scenarios.