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Insurance News

Marsh to Oversee Royal Australian Navy's Maritime Insurance Program

07 Oct 2025: Paige Estritori

In a significant development for Australia's defence sector, global insurance broker Marsh has been appointed to manage the insurance and risk advisory components of the Royal Australian Navy's Maritime Insurance Program (MIP). This program is integral to the Navy's extensive fleet expansion and infrastructure development initiatives. - read more

GT Insurance Provides Flexible Solutions Amid Global Trade Shifts

07 Oct 2025: Paige Estritori

As global trade dynamics undergo significant shifts, GT Insurance is reaffirming its commitment to supporting marine clients navigating these challenges. The recent imposition of US tariffs—25% on Australian steel and aluminium, and 10% on other exported goods—has introduced new uncertainties for local exporters, particularly in sectors like beef and bulk freight. These tariffs, effective from April 5, 2025, have prompted concerns about declining export volumes and reduced freight margins. - read more

Northern Australian Marinas Struggle with Rising Insurance Costs

07 Oct 2025: Paige Estritori

Marina operators in Northern Australia are confronting a significant crisis as insurance premiums escalate dramatically, with some experiencing increases exceeding 300% over recent years. This surge in costs is placing immense financial strain on the industry, prompting urgent calls for government intervention. - read more

ASIC Initiates Legal Proceedings Against RACQ Insurance for Alleged Misleading Premium Notices

29 Sep 2025: Paige Estritori

The Australian Securities and Investments Commission (ASIC) has commenced 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 figures in renewal notices issued between September 2019 and December 2024. - read more

Marinex Underwriting: A New Player in Australia's Marine Insurance Landscape

29 Sep 2025: Paige Estritori

In a significant development for Australia's marine insurance sector, Rhodian Group has announced the launch of Marinex Underwriting, a specialized agency dedicated to addressing the complex insurance needs of the marine industry. This initiative marks Rhodian's third agency launch, following the establishment of Halo Underwriting and Batch Underwriting in previous years. - read more

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Boat Insurance Articles

The Ultimate Guide to Boat Safety and Insurance Compliance in Australia

Boating is a wonderful way to enjoy the beautiful waters of Australia. Whether you're fishing, sailing, or simply enjoying a day out on the water, safety should always be a top priority. - read more

What to Do When You Need to Claim on Your Boat Insurance Policy

Boat insurance is a must-have for any boat owner. Whether you're out on the water every weekend or only take your boat out a few times a year, accidents can happen. When they do, the cost of repairs or legal fees can add up quickly. Boat insurance can help protect you financially in the event of an accident or damage to your boat. - read more

Understanding Boat Insurance: Maintenance Tips for New Owners

Welcome to our blog on understanding boat insurance, specifically tailored for new boat owners. Owning a boat is an exciting adventure filled with the promise of memorable experiences on the water. - read more

The Importance of a Specialist Insurance Broker for Your Boat Insurance Needs

When it comes to insuring your beloved boat, an insurance broker can be a valuable asset in finding the right coverage for your unique needs. Specifically, a specialist boat insurance broker can offer expert knowledge and tailored policies that traditional insurance agents may not be able to provide. - read more

Discover the Safe Harbor: Expert Advice for Choosing the Right Boat Insurance Policy

Navigating through the tranquil blue waters of Australia can be the highlight of any skipper's day, but the true peace of mind comes from knowing your vessel is protected. Boat insurance isn't just another tick on your checklist; it's an essential safeguard for your maritime lifestyle. In this article, we delve into why choosing the right boat insurance policy is not a luxury, but a necessity for boaters across Australia. - read more

Knowledgebase

Grace Period:
A time period after the premium is due during which an insurance policy remains in force even if the premium has not yet been paid.

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