Income Insurance Australia :: Podcasts

Income Insurance Australia Weekly News insights

Each week, we sift the Australian income protection landscape: policy and regulation updates, insurer moves, claim trends, and workplace risk stories. Get clear, plain-English takeaways, myth-busting context, and what changing rules may mean for employees, sole traders, and gig workers. It’s a trustworthy, industry-specific news wrap to keep your household income know-how sharp without the jargon. Expect concise interviews and pointers to credible sources so you can stay prepared.

This Week:

This week: a major reinsurer pauses new life reinsurance clients, warning TPD needs more sustainable design; APRA reports most reversed life claim decisions stem from incorrect outcomes, including almost half in disability income; AFCA says life insurance complaints rose about 5%, with self‑employed income protection disputes often about pre‑disability income; and public submissions are open until 15 December on the Life Insurance Code review. Practical takeaways: review your income protection and TPD settings, keep strong income and medical records, and check policy definitions—especially if youre self‑employed.

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EPISODE 819 | Income Insurance Australia Weekly News insights | Sun, 26th Oct 2025

28 Oct 2025 | Paige Estritori

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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

Income Protection vs. Life Insurance: Why You Need Both
Income Protection vs. Life Insurance: Why You Need Both
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Insurance News

AFCA Rules in Favour of Restaurant in Arson Insurance Dispute
AFCA Rules in Favour of Restaurant in Arson Insurance Dispute
27 Oct 2025: Paige Estritori
In a recent decision, the Australian Financial Complaints Authority (AFCA) has directed an insurer to honour an arson claim, despite the restaurant's director failing to disclose his criminal history during the policy's inception. This ruling underscores the complexities surrounding disclosure obligations and the importance of clear communication between insurers, brokers, and policyholders. - read more
IAG's Profit Surge and the Impending Rise in Insurance Premiums
IAG's Profit Surge and the Impending Rise in Insurance Premiums
27 Oct 2025: Paige Estritori
Insurance Australia Group (IAG), a leading insurer in the country, has reported a significant 91% increase in net profit for the first half of the financial year, amounting to $778 million. This substantial growth is attributed largely to favourable weather conditions during the period. However, despite this profit surge, IAG's CEO, Nick Hawkins, has indicated that insurance premiums are expected to continue rising, albeit at a slower pace. - read more
Rising Insurance Costs Pose Challenges for NSW Restaurant Owners
Rising Insurance Costs Pose Challenges for NSW Restaurant Owners
27 Oct 2025: Paige Estritori
Recent findings from a survey conducted by Business NSW have highlighted a growing concern among businesses in New South Wales regarding escalating insurance premiums. The survey revealed that 64% of respondents are not fully insured against catastrophic events, and nearly 80% have experienced double-digit rate increases over the past year. Alarmingly, one in three businesses reported premium hikes exceeding 30%. - read more
Netstrata's Insurance Practices Raise Industry Concerns
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Recent revelations have cast a spotlight on Netstrata, a prominent strata management firm in Australia, for imposing insurance brokerage fees significantly higher than industry norms. This development has ignited a broader discussion about the need for transparency and reform within the strata management sector. - read more
PICA Group Highlights Potential Risks to Strata Industry Viability
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Bobby Lehane, CEO of PICA Group, has issued a cautionary statement regarding the future of the strata management sector in Australia. He emphasized that eliminating insurance commissions could pose a significant threat to the industry's viability, drawing parallels to the challenges faced by the aged care sector. - read more

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