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News
Home owners short-changed by insurer cash payouts: ASIC
10+ hour, 55+ min ago (773+ words) August 31, 2026 — 5:00am Australia’s financial watchdog says insurance companies are increasingly settling claims on home damage with cash payouts that are sometimes so low they won’t fund the repairs disaster-stricken customers need. A review of home insurance by the Australian Securities and…...
Andrea lives in a simple home in central Sydney. She was quoted $19,000 to insure it
3+ mon, 2+ week ago (747+ words) May 11, 2026 — 5:00am When Sydney homeowner Andrea McGann received the renewal letter for her building and contents insurance in the mail last week, she was flabbergasted to be quoted $19,311 to insure her modest brick home. “I just couldn’t believe what I was…...
Insurers sound alarm over ‘disaster chasers’ stinging customers
9+ mon, 1+ week ago (820+ words) The rise of “disaster chasers” and “carnappers” offering repairs and insurance claims handling after natural disasters and car accidents are leaving many Australians out of pocket, with insurers and experts describing the trend as opportunistic scamming. Despite the risk to…...
Insurance premiums have soared in Perth. See what your suburb pays
10+ mon, 2+ week ago (667+ words) The growing risk of bushfires is driving up the cost of residential building insurance across Perth, with home owners in some suburbs billed more than twice what others pay to manage the risk. Industry figures from Finity suggest home owners…...
Qld insurer accused of ‘misleading’ customers over price hikes
11+ mon, 1+ week ago (517+ words) The corporate watchdog has accused insurance giant RACQ of lying to half a million customers about savings by providing false information on insurance premiums, potentially fooling them into overspending. The Australian Securities and Investments Commission revealed on Tuesday it had…...
Home and contents insurance premiums continue to surge in price
11+ mon, 2+ week ago (25+ words) New research shows average annual premiums for new home and contents policies have jumped 14 per cent The Sydney Morning Herald The Sydney Morning Herald...