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General insurance


Suncorp says the sale of the banking arm will allow it to focus on insurance, which is increasingly affected by disasters like flooding this year.

Suncorp’s bank sale raises scrutiny on insurance arm

The bank sale might help Suncorp focus, but will investors close a historical discount against its insurance rival IAG?

  • Liam Walsh
Suncorp boss Steve Johnston believes it’s the right time to sell the group’s bank.

ANZ deal delivers Suncorp three big wins

Suncorp has extracted a solid price for its bank from ANZ. But the biggest benefits of the deal stem from becoming a standalone insurer. 

  • Updated
  • James Thomson
Flooding again hit NSW this month, with implications for insurers.

What a car smash reveals about insurers and inflation

Odd things are turning up on settlements – market values are more than the owners paid for the vehicle when they bought it new seven years earlier. Here’s why.

  • Liam Walsh

This Month

Lex Greensill.

Greensill lawsuit targets IAG’s agency oversight

The Sydney-based insurer said agency was writing policies almost three times larger than authorised limits.

  • Liam Walsh and Jenny Wiggins
Flooding in NSW.

Flood insurance bill approaches $100m

NSW Premier Dominic Perrottet took to the air to survey the flood-affected Hunter region on Friday, as the insurance damage bill neared $100 million.

  • Samantha Hutchinson
Prime Minister Anthony Albanese and NSW Premier Dominic Perrottet talk to flood victims at a community centre in Windsor.

Albanese, Perrottet unite to get flood money ‘out the door’

Anthony Albanese and Dominic Perrottet said ravaged communities would be able to access help fast as the two governments say they have “learnt from the past”.

  • Samantha Hutchinson and Liam Walsh
A series of floods on Australia’s east coast has left many roads underwater.

Acciona battles insurer over extreme weather

Acciona is suing Zurich Insurance over damage to Queensland roads following 2015’s Tropical Cyclone Marcia.

  • Jenny Wiggins


Schools can protect themselves from loss of fee income if families are hit my misadventure.

School fees should be part of insurance mix

Jonathan Marchant is helping schools cover the cost of lost fees when families’ finances are hit by unexpected events.

  • Julie Hare
Travel insurance sales have put Allianz in hot water.

Allianz pleads guilty to criminal travel-insurance sales

The conduct was under scrutiny in the royal commission into financial services.

  • Liam Walsh
Lex Greensill.

IAG calls out $1 insurance for Greensill entities

The Sydney-based insurer is defending claims from the administrator of a bank named for Bundaberg-born financial whiz Lex Greensill.

  • Liam Walsh and Jenny Wiggins
RACQ is the latest insurer to be caught up in insurance blunders.

Refunds to flow as discount breaches mount for insurers

Another insurer has had to tell the corporate regulator of errors in discount disclosures, coming amid a wider industry review.

  • Liam Walsh
A home inundated by floodwaters along the Hawkesbury River in NSW.

Flood insurance bill surpasses Newcastle earthquake

Business claims have caused a 28 per cent jump in the bill from the “rain bomb” flooding, potentially causing a nasty surprise to some industry players.

  • Liam Walsh


Shaun Quilty has seen insurance prices jump for his home in Brisbane.

Home owners in flood-prone areas get wildly different insurance quotes

A mystery shopping exercise by The Australian Financial Review found wildly varying premium quotes for the same properties near recently flooded areas.

  • Liam Walsh
Allianz’s lines of defence were said to be barely functional.

Allianz hedge fund managers face jail in $10b fraud

US authorities say Greg Tournant and his colleagues sold lies to investors that cost customers, and now the company, billions of dollars.

  • Neil Weinberg
Residents of south-east Queensland’s Ipswich clear up after the 2011 floods.

Sliver of damages awaits victims of 2011 Queensland floods

The indicated compensation for one home owner whose house was flooded and had an assessed damage bill of almost $30,000 is between almost $3900 and $4900.

  • Liam Walsh
Australia's cyber defences have to be strengthened to ward off threats of criminal attacks.

Cyber insurance’s ‘dirty little secret’: It’s useless

A leading expert warns that cyber insurance is useless and that insurers now ask such invasive questions that they have become dangerous honeypots for cyber gangs.

  • John Davidson
QBE CEO Andrew Horton and Chairman Mike Wilkins AGM at Wesley Conference Centre in Sydney’s CBD
Thursday 5 May, 2022, Photos by Oscar Colman

QBE tips $100m Ukraine war cost on political risk insurance

The Sydney-based insurer covers risks across the globe, and even Russia’s invasion of Ukraine is affecting policies.

  • Updated
  • Liam Walsh
Adani Australia boss Lucas Dow wants government support for a coal industry insurance scheme.

Adani, other coal miners push big parties for $1.5b insurance scheme

The resource companies want politicians to commit to underwriting a plan that would enable them to self-insure as mainstream financiers exit fossil fuels.

  • Peter Ker


Cyber attacks can be costly because of the  reputational damage and the disruption to operations.

How the spoils of cyberattacks are funding Russia’s invasion

State-backed cybercriminals are using ransomware to help prop up the Russian government in the face of economic sanctions, a US Secret Service expert warns.

  • John Davidson
A drone view of houses surrounded by floodwater in Lismore in March.

Insurers squeezed by higher building costs

Analysts say floods have doubled down on some pain points for insurers. The building boom is just one.

  • Liam Walsh