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Insurance News from Life Insurance Online

Life 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

Café's Underinsurance Leads to Reduced Payouts After Storm Damage
Café's Underinsurance Leads to Reduced Payouts After Storm Damage
21 Apr 2026: Paige Estritori
In February 2026, a café and catering business faced significant financial challenges after a storm caused extensive damage, leading to a prolonged closure. The Australian Financial Complaints Authority (AFCA) ruled that the café's underinsurance resulted in reduced claim payouts, highlighting the critical need for businesses to ensure their insurance coverage accurately reflects their risk exposure. - read more
Arson Claim Approved for Restaurant Despite Director's Undisclosed Criminal Record
Arson Claim Approved for Restaurant Despite Director's Undisclosed Criminal Record
21 Apr 2026: Paige Estritori
In June 2025, the Australian Financial Complaints Authority (AFCA) ruled in favor of a restaurant's arson claim, despite the director's failure to disclose his criminal history during the policy's inception. This decision highlights the complexities surrounding disclosure obligations and the importance of clear communication between insurers and policyholders. - read more
Undisclosed Religious Meetings Result in Denied Theft Claim for Landlord
Undisclosed Religious Meetings Result in Denied Theft Claim for Landlord
21 Apr 2026: Paige Estritori
In December 2025, the Australian Financial Complaints Authority (AFCA) upheld AIG's decision to deny a landlord's theft claim, citing the landlord's failure to disclose that the leased property was used for religious meetings. This case highlights the paramount importance of accurate disclosure regarding property use in insurance agreements. - read more
NSW Productivity Commissioner Calls for Immediate Ban on Strata Manager Commissions
NSW Productivity Commissioner Calls for Immediate Ban on Strata Manager Commissions
21 Apr 2026: Paige Estritori
In a significant development for New South Wales' strata sector, Productivity Commissioner Peter Achterstraat has recommended the prompt prohibition of commissions received by strata managers. This move aims to safeguard the interests of apartment owners, especially as strata living becomes increasingly prevalent in Sydney. - read more
CHU's 2025 Report Shows Stability in Strata Insurance Premiums
CHU's 2025 Report Shows Stability in Strata Insurance Premiums
21 Apr 2026: Paige Estritori
CHU, Australia's leading strata insurance underwriting agency, has released its 2025 State of the Strata Market report, providing a comprehensive analysis of the current state of the industry. The report indicates that strata insurance premiums have experienced a modest increase of 2.8%, rising from an average of $954 to $981 per lot annually in the year leading up to June 2025. This increment is notably lower than the 14% surge observed in house insurance premiums during the same period. - 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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Life Insurance Articles

How Much Life Insurance Do You Really Need? A Family's Guide to Assessment
How Much Life Insurance Do You Really Need? A Family's Guide to Assessment
Life insurance is one of those cornerstones of financial planning that often gets overlooked. Yet, the importance of life insurance in safeguarding your family's future cannot be overstated. It's a robust financial instrument that provides peace of mind, knowing that your loved ones will be financially secure in the event of your untimely passing. This introductory section lays the groundwork for understanding why life insurance is pivotal in your family's financial health. - read more
The Impact of Hobbies and High-Risk Activities on Life Insurance Costs
The Impact of Hobbies and High-Risk Activities on Life Insurance Costs
Life insurance is an essential financial protection that provides peace of mind to policyholders and their loved ones. The premiums you pay are determined by various factors, including age, health, lifestyle, and occupation. - read more
Single or Married: How Life Insurance Needs Vary Across Different Life Stages
Single or Married: How Life Insurance Needs Vary Across Different Life Stages
Life insurance is a financial product that provides a lump sum payment to your beneficiaries in the event of your death. It is designed to offer financial security by covering debts, daily living expenses, and future financial obligations. - read more
How Life Insurance and Estate Planning Work Together for Your Benefit
How Life Insurance and Estate Planning Work Together for Your Benefit
For many Australian families, the concept of estate planning might evoke imagery of vast wealth and complex legal documents, reserved for the very affluent. However, this misconception overshadows the universal importance of having an estate plan, which at its core, is about ensuring your loved ones are cared for and your wishes are honored upon your passing—even if you don't consider yourself wealthy. - read more
Understanding Life Insurance Needs: A Guide for Australian Families
Understanding Life Insurance Needs: A Guide for Australian Families
Life insurance is a financial product designed to provide peace of mind by offering a safety net for your loved ones in the event of your passing. The primary purpose of life insurance is to ensure that your family is financially protected, allowing them to maintain their standard of living even without your income. - read more

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Insurance Claim:
Notification to an insurance company requesting payment of an amount due under the terms of the policy.