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Insurance News

HESTA Announces 12% Reduction in Insurance Fees for Members
HESTA Announces 12% Reduction in Insurance Fees for Members
13 May 2026: Paige Estritori
In a significant move to support its members, HESTA has announced an average 12% reduction in insurance fees across all cover types, effective from 1 July 2026. This initiative is part of a broader strategy to provide more accessible and affordable insurance coverage for its members, many of whom are professionals in the fitness industry. - read more
AFL Players Face Loss of Insurance Coverage for Brain Injuries
AFL Players Face Loss of Insurance Coverage for Brain Injuries
13 May 2026: Paige Estritori
In a recent development, AFL players have been informed that, effective May 1, 2026, their insurance coverage for brain injuries will be discontinued. This change comes after Zurich Insurance decided to exclude total and permanent disability (TPD) benefits for claims related to traumatic head injuries, concussion, Chronic Traumatic Encephalopathy (CTE), post-concussion syndrome, or any neurological impairment linked to brain injury. - read more
Australian Parliament Enacts Ban on Use of Genetic Test Results in Life Insurance
Australian Parliament Enacts Ban on Use of Genetic Test Results in Life Insurance
13 May 2026: Paige Estritori
On April 1, 2026, the Australian Parliament passed the Treasury Laws Amendment (Genetic Testing Protections in Life Insurance and Other Measures) Act 2026. This landmark legislation prohibits life insurers from using genetic test results in underwriting decisions, marking a significant advancement in privacy protections for individuals. - read more
HESTA Announces Significant Reduction in Insurance Fees and Enhanced Member Protections
HESTA Announces Significant Reduction in Insurance Fees and Enhanced Member Protections
13 May 2026: Paige Estritori
HESTA, a leading superannuation fund for health and community services professionals, has announced a comprehensive overhaul of its insurance offerings, set to take effect from 1 July 2026. This initiative includes an average 12% reduction in insurance fees across all cover types, aiming to provide more accessible and affordable insurance for its members. - read more
Suncorp Finalizes AU$2.4 Billion Reinsurance Agreement to Strengthen Financial Resilience
Suncorp Finalizes AU$2.4 Billion Reinsurance Agreement to Strengthen Financial Resilience
13 May 2026: Paige Estritori
Suncorp, a prominent Australian general insurer, has successfully secured a five-year reinsurance agreement valued at up to AU$2.4 billion. This strategic move is designed to cap natural hazard costs in approximately 90% of scenarios, thereby enhancing the company's financial resilience and stability. - read more
Life Insurance Articles

Income Protection vs. Total Permanent Disability: Which Is Right for You?
Income Protection vs. Total Permanent Disability: Which Is Right for You?
Financial security is crucial in today's unpredictable world, where unexpected events can disrupt the stability and comfort of our daily lives. For Australians, protecting one's income and lifestyle from unforeseen circumstances is a key component of personal finance. - read more
Income Protection Insurance and Tax Benefits: What You Should Know
Income Protection Insurance and Tax Benefits: What You Should Know
Income protection insurance is a type of cover designed to provide you with a safety net if you are unable to work due to illness or injury. By offering regular payments that replace a portion of your income, it helps ensure that you can maintain your lifestyle and cover essential expenses during challenging times. - read more
How to Compare Income Protection Insurance for Self-Employed Australians
How to Compare Income Protection Insurance for Self-Employed Australians
For self-employed Australians, the financial stability provided by consistent income is the backbone of both personal and business success. Unlike traditional employees, who might have access to sick leave or employer-sponsored disability benefits, self-employed individuals are solely responsible for their financial security in the event of illness or injury. This is where income protection insurance steps in as a crucial safeguard. - read more
Finding Accidental Coverage When Comprehensive Income Protection Isn't an Option
Finding Accidental Coverage When Comprehensive Income Protection Isn't an Option
Income protection is an integral part of maintaining your financial security, especially in the event that unforeseen illnesses or injuries prevent you from working. Enabling you to receive a percentage of your regular income, this type of insurance provides a safety net, ensuring that you can continue to cover your living expenses and financial obligations whilst recovering. - read more
How to Avoid Common Mistakes When Filing an Insurance Claim
How to Avoid Common Mistakes When Filing an Insurance Claim
Filing an insurance claim in Australia can be a daunting process, especially if you are not familiar with the necessary steps and requirements. Claiming insurance is crucial when you need financial support, whether due to a natural disaster, accident, or another unexpected event. - read more

Knowledgebase
Subrogation:
An insurance carrier may reserve the "right of subrogation" in the event of a loss. This means that the company may choose to take action to recover the amount of a claim paid to a covered insured if the loss was caused by a third party.