- QBE Insurance's Premium Growth Deceleration Impacts Share Value
QBE Insurance Group, a prominent player in the Australian insurance sector, has recently experienced a notable decline in its share value, reaching a seven-month low. This downturn is primarily attributed to a slowdown in the company's premium rate growth during the third quarter of the 2025 fiscal year.
- ACCC Scrutinises IAG's Bid to Acquire RAC Insurance
The Australian Competition and Consumer Commission (ACCC) has recently voiced concerns regarding Insurance Australia Group's (IAG) proposed acquisition of the Royal Automobile Club of Western Australia's (RAC) insurance business. Valued at A$1.35 billion, this deal aims to expand IAG's footprint in Western Australia.
- Envest Group Unveils TLI Underwriting: A New Era for Heavy Motor Fleet Insurance
Envest Group, a prominent player in Australia's insurance sector, has announced the launch of TLI Underwriting, a new agency dedicated to providing specialized insurance solutions for heavy motor fleet operators. This strategic move aims to address the unique challenges faced by larger transport businesses in Australia.
- ASIC Initiates Legal Proceedings Against QBE for Alleged Misleading Discount Practices
The Australian Securities and Investments Commission (ASIC) has commenced legal action against QBE Insurance, alleging that the insurer misled more than 500,000 customers regarding premium discounts over a five-year period. This development has significant implications for the Australian insurance industry, particularly for policyholders seeking transparency and fairness in premium calculations.
- Envest Group Unveils TLI Underwriting for Heavy Motor Fleets
Envest Group, a prominent player in Australia's insurance sector, has announced the launch of TLI Underwriting, a new agency dedicated to providing specialised insurance solutions for heavy motor fleet operators. This strategic move aims to address the unique challenges faced by larger transport businesses in Australia.
- AFCA Directs AIA to Pay Truck Driver's TPD Benefit After Decade-Long Dispute
In a significant ruling by the Australian Financial Complaints Authority (AFCA), insurance provider AIA has been directed to pay a total and permanent disability (TPD) benefit to a truck driver, concluding a protracted dispute that spanned over a decade.
- Insuregroup's Remarkable Growth Reflects Surge in Truck Insurance Demand
Insuregroup, a specialist insurance brokerage serving Australia's transport and logistics sector, has recently announced a significant milestone: processing over 10,000 insurance policies since its inception, with a 25% increase in policy volume over the past year.
- Envest Group's TLI Underwriting: A New Era for Heavy Motor Fleet Insurance
Envest Group, a prominent player in Australia's insurance sector, has announced the launch of TLI Underwriting, a new agency dedicated to providing specialised insurance solutions for heavy motor fleet operators. This strategic move aims to address the unique challenges faced by larger transport businesses in Australia.
- NTARC Report Sheds Light on Human Factors in Major Truck Crashes
The National Truck Accident Research Centre (NTARC) has released its latest Major Incident Investigation Report, providing updated insights into the primary causes of significant truck crashes across Australia. The findings underscore the critical need for targeted interventions to enhance road safety within the transport industry.
- Celebrating Excellence: 2025 National Trucking Industry Award Winners
The Australian Trucking Association (ATA) has proudly announced the recipients of the 2025 National Trucking Industry Awards, recognising individuals and organisations that have demonstrated exceptional dedication and innovation within the trucking sector. These awards highlight the vital contributions made to the industry and the broader Australian economy.
- Addressing the Surge in Collision Risks Among Australian Fleet Operators
Australia's transport and haulage sector is currently navigating a period marked by an uptick in motor collision claims, posing significant challenges for fleet operators nationwide. This trend underscores the necessity for enhanced risk management and insurance strategies to safeguard operations and maintain profitability.
- Inattention and Speed: Primary Factors in Australian Truck Crashes
The National Truck Accident Research Centre (NTARC) has released its latest Major Incident Investigation Report, shedding light on the predominant causes of significant truck crashes across Australia. The findings underscore the critical need for targeted interventions to enhance road safety within the transport industry.
- NTI Report Highlights Human Error as Primary Cause of Major Truck Crashes
According to the latest report from the National Truck Accident Research Centre (NTARC), human error remains the predominant cause of major truck crashes in Australia.
- Queensland Aligns Heavy Vehicle Compliance with National Regulator
In a significant move towards regulatory consistency, Queensland has transferred its heavy vehicle compliance responsibilities to the National Heavy Vehicle Regulator (NHVR).
- Envest Group Unveils TLI Underwriting to Serve Heavy Motor Fleets
Envest Group, a prominent player in the Australian insurance sector, has announced the launch of TLI Underwriting, a new agency dedicated to providing specialized insurance solutions for heavy motor fleet operators. This strategic move aims to address the unique challenges faced by larger transport businesses in Australia.
- Victorian Truck Driver Ordered to Repay $75K in Compensation Fraud Case
In a recent case highlighting the importance of integrity in workers' compensation claims, a Victorian truck driver has been convicted for fraudulently obtaining over $75,000 in compensation payments while simultaneously working for other employers.
- AFCA Orders AIA to Pay Truck Driver's TPD Benefit After 10-Year Dispute
In a significant ruling by the Australian Financial Complaints Authority (AFCA), insurance provider AIA has been directed to pay a total and permanent disability (TPD) benefit to a truck driver, concluding a protracted dispute that spanned over a decade.
- RACQ Insurance Under Fire for Alleged Misleading Premium Practices
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.
- ICA Proposes Measures to Mitigate Escalating Motor Insurance Premiums
The Insurance Council of Australia (ICA) has released a policy paper titled 'Motor Insurance Policy Paper – A Roadmap for Reducing Rising Premiums,' highlighting the urgent need for coordinated action to address systemic cost drivers behind the 42% increase in comprehensive motor insurance premiums since 2019.
- Growing Truck Fleets Face Elevated Risks: Insuregroup's Insights
Stirling Sanderson, Managing Director at Insuregroup, has raised concerns about the increased risks associated with expanding trucking operations. He notes that crash rates tend to rise more quickly once fleets reach a certain scale, posing significant challenges for larger operators.
