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| Australian Insurers Achieve Record Profits Amid Rising Premiums 24 Jan 2026: Paige Estritori In 2024, Australia's insurance industry reported an after-tax profit of $6.1 billion, a figure that is three times higher than the five-year average of $2 billion. This substantial increase is attributed to a combination of factors, including significant premium hikes and a reduction in severe weather events. - read more |
| Australian Consumers Confront Unexplained Insurance Premium Increases 24 Jan 2026: Paige Estritori Many Australian consumers are experiencing substantial increases in their insurance premiums, often without clear explanations from their providers. Reports indicate that some policyholders have faced premium hikes of 30% to 50%, with instances of increases reaching several hundred percent. - read more |
| Rising Insurance Costs in Northern Australia Challenge Homeowners 24 Jan 2026: Paige Estritori Homeowners in Northern Australia are encountering rising insurance premiums, despite the establishment of a cyclone reinsurance pool intended to reduce costs. The Australian Competition and Consumer Commission (ACCC) reports that median home and contents premiums in the Northern Territory increased by 11% during 2023. - read more |
| Steadfast Group Under Scrutiny for Alleged Misleading Practices 24 Jan 2026: Paige Estritori Steadfast Group, Australia's largest general insurance broker network, has recently come under scrutiny following allegations of misleading clients through undisclosed financial arrangements. These claims have prompted the company to suspend trading on the Australian Stock Exchange, leading to a significant decline in its share price. - read more |
| Netstrata Clients Uncover Excessive Insurance Brokerage Fees 24 Jan 2026: Paige Estritori Recent developments have brought to light concerns regarding the insurance practices of Netstrata, a prominent strata management firm in Australia. Clients have reported the sudden appearance of past insurance invoices in their online portals, revealing brokerage fees significantly higher than industry norms. - read more |
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| How to Protect Your Income During Health Setbacks: A Complete Guide Income protection is a crucial safety net for Australians, offering financial security when health setbacks strike. This type of insurance ensures that you continue to receive a portion of your income if illness or injury prevents you from working. It’s an essential aspect of financial planning, providing peace of mind knowing that you can maintain your lifestyle even when unforeseen health issues arise. - read more
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| How Much Should You Budget for Insurance in Australia? Welcome to the comprehensive guide on navigating the diverse world of insurance in Australia. Whether you're safeguarding your personal assets or protecting your business interests, insurance plays a pivotal role in financial security. In this introductory section, we'll explore why budgeting for insurance is crucial for Australians, delve into the various types of insurance available, and illustrate how insurance should integrate into your broader financial planning strategy. - read more
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| How Accidental Income Protection Insurance Can Provide Peace of Mind Accidental income protection insurance is a type of policy that provides financial support if you are unable to work due to an accident. Unlike regular income protection insurance, which can cover illnesses and injuries, this specific insurance focuses solely on accidents. - read more
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| Understanding Life Insurance: Securing Your Family's Future Defining life insurance and its importance: Life insurance is a pivotal financial product designed to protect your loved ones from economic hardship in case of your untimely death. It acts as a safety net, ensuring that your family can maintain their standard of living, cover outstanding debts, and afford future expenses like education and retirement. - read more
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| The Savvy Traveller's Checklist for Affordable Travel Insurance Travel insurance is an indispensable component for any savvy traveller from Australia, playing a protective role in a myriad of situations that may occur away from home. Whether it's encountering flight delays, requiring medical assistance, or facing luggage theft, having a solid travel insurance policy can convert potential nightmares into manageable inconveniences. Yet, despite its importance, the process of finding a policy that won't break the bank is increasingly challenging. - read more
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