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Insurance News

Steadfast Group Acquires Majority Stake in Novum Underwriting Partners for Global Expansion

25 Sep 2025: Paige Estritori

Steadfast Group, Australia's largest general insurance broker network, has announced the acquisition of a majority stake in Novum Underwriting Partners. This strategic move, revealed on September 1, 2025, is a pivotal step in Steadfast's ambition to expand its global operations. - read more

Insurance Council of Australia Proposes $30 Billion Flood Defence Fund to Mitigate Rising Insurance Costs

25 Sep 2025: Paige Estritori

The Insurance Council of Australia (ICA) has proposed the establishment of a $30 billion flood defence fund aimed at enhancing the nation's resilience to flooding events. Announced on February 25, 2025, this initiative seeks to address the escalating costs associated with flood-related damages and the subsequent impact on insurance premiums. - read more

IAG Finalizes $855 Million Acquisition of RACQ Insurance Underwriting Business

25 Sep 2025: Paige Estritori

Insurance Australia Group (IAG) has successfully completed its $855 million acquisition of the Royal Automobile Club of Queensland's (RACQ) insurance underwriting business. This strategic move, announced on September 1, 2025, marks a significant expansion for IAG within the Australian insurance landscape. - read more

Significant Surge in Home Insurance Costs Across Australia

25 Sep 2025: Paige Estritori

The latest data from researcher Canstar reveals a notable surge in home and contents insurance prices, with an average increase of 14% over the past year. This study, which analyzed around 25,000 new policy quotes, found the current average cost to be $2795, compared to $2452 previously. - read more

ASIC Takes Legal Action Against RACQ Insurance Over Misleading Premium Comparisons

25 Sep 2025: Paige Estritori

The Australian Securities and Investments Commission (ASIC) has initiated Federal Court proceedings against RACQ Insurance, a subsidiary of Insurance Australia Group (IAG), alleging that the insurer misled over 570,000 customers through deceptive premium comparison pricing in renewal notices issued between September 2019 and December 2024. - read more

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Jetski Insurance Articles

The Importance of Comprehensive Coverage for JetSki Owners in Australia

JetSkis have become increasingly popular in Australia, gracing our stunning coastlines and lakes with their thrilling presence. For many, owning a JetSki represents freedom, adventure, and a gateway to unforgettable experiences on the water. - read more

Tips for Towing: How to Securely Tow a Disabled Jet Ski Back to Shore

Towing a disabled jet ski back to shore is a scenario that many water sports enthusiasts hope to never encounter. Yet, the importance of being prepared for such an event cannot be overstated. Whether caused by mechanical failure or unforeseen circumstances, when your jet ski succumbs while you’re out on the water, knowing how to securely tow it is essential for the safety of both yourself and your watercraft. - read more

Leak Lockdown: Handling Fuel Spillage and Leaks on Your Jet Ski

Jet skiing offers a thrilling escape on the water, combining the adrenaline rush of speed with the serene beauty of our aquatic landscapes. However, with the excitement comes the responsibility of maintenance, including the delicate task of managing fuel spills and leaks. These incidents, while hopefully rare, can pose significant challenges for even the most seasoned jet ski enthusiasts. - read more

How to Make a Claim on Your Jet Ski Insurance

Welcome, Jet Ski enthusiasts! Whether you’re hitting the waves for the first time or are a seasoned rider, ensuring your watercraft is covered by the right insurance is essential. - read more

Comprehensive vs. Third Party Jet Ski Insurance: What You Need to Know

Having the right jet ski insurance is crucial for any Australian jet ski owner. It's not just about complying with legal requirements but also ensuring peace of mind when you're out enjoying the water. - read more

Knowledgebase

Occupational Hazard:
A risk associated with the nature of a particular occupation, which may affect insurance premiums.

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