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Insurance News from Household Insurance Online

Household Insurance Online is pleased to present the latest financial news headlines.

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News items on this page are prepared by our editorial team as summaries of publicly available news reports and official announcements. See linked news sources where available. The following news items are for informational purposes only and are not independent journalism.

Insurance News

Arch Insurance Australia Elevates Aisling Hegarty to Lead Professional Indemnity Division
Arch Insurance Australia Elevates Aisling Hegarty to Lead Professional Indemnity Division
08 May 2026: Paige Estritori
Arch Insurance Australia has announced the promotion of Aisling Hegarty to the position of Head of Professional Indemnity (PI), effective immediately. This strategic move underscores Arch's dedication to bolstering its PI insurance offerings across the Australian market. - read more
Insurance Council of Australia Advocates for Reforms to Sustain Compensation Scheme of Last Resort
Insurance Council of Australia Advocates for Reforms to Sustain Compensation Scheme of Last Resort
08 May 2026: Paige Estritori
The Insurance Council of Australia (ICA) has called for structural reforms to the Compensation Scheme of Last Resort (CSLR) to address growing funding pressures and enhance consumer protection. This appeal comes in response to a Treasury consultation paper examining the role of professional indemnity insurance in compensation claims. - read more
BizCover and BHSI Collaborate to Provide Digital Professional Indemnity Insurance for Australian SMEs
BizCover and BHSI Collaborate to Provide Digital Professional Indemnity Insurance for Australian SMEs
08 May 2026: Paige Estritori
In a significant development for Australian small and medium-sized enterprises (SMEs), BizCover has been appointed as the exclusive direct online distributor of Berkshire Hathaway Specialty Insurance's (BHSI) Professional Indemnity (PI) insurance. This partnership, effective from 1 October 2025, enables SMEs to access BHSI's PI cover directly through BizCover's award-winning digital platform. - read more
CHU Introduces Cyber Fraud Coverage in Strata Insurance Policies
CHU Introduces Cyber Fraud Coverage in Strata Insurance Policies
08 May 2026: Paige Estritori
In response to the escalating digital threats facing strata communities, CHU Underwriting Agencies has integrated cyber fraud coverage into its standard residential strata insurance policies. This enhancement provides up to $50,000 for losses resulting from social engineering fraud, a prevalent form of cybercrime where perpetrators impersonate trusted contacts to manipulate payment instructions. - read more
CHU's 2025 Report Shows Stable Strata Insurance Premiums Amid Market Changes
CHU's 2025 Report Shows Stable Strata Insurance Premiums Amid Market Changes
08 May 2026: Paige Estritori
CHU Underwriting Agencies has released its 2025 State of the Strata Market report, indicating a modest 2.8% increase in strata insurance premiums over the past year. This rise, from $954 to $981 per lot annually, aligns with a 3.4% growth in household incomes, suggesting that strata insurance remains affordable for apartment owners. - read more

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

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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
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
10 Common Household Insurance Policies: What Aussie Families Need to Know
10 Common Household Insurance Policies: What Aussie Families Need to Know
Household insurance is an essential aspect of financial planning for Australian families. It provides peace of mind and financial protection in case of unexpected events such as natural disasters, theft, or accidents. Given the unpredictable nature of life, having the right insurance policy can safeguard your home and its contents, ensuring that you are not left in a financial bind when disaster strikes. - read more
Essential Tips to Find the Right Home and Contents Insurance for Your Family
Essential Tips to Find the Right Home and Contents Insurance for Your Family
In the face of unpredictable climate patterns and wild weather, safeguarding your home becomes a top priority, especially in a country like Australia. Choosing the right home and contents insurance is essential in providing a financial safety net against the forces of nature. With this in mind, the importance of insurance cannot be overstated, acting as a crucial buffer to protect your property and belongings. - read more

Knowledgebase
Deductible:
The amount you must pay out-of-pocket for expenses before your insurance company covers the remaining costs.