Welcome to the Insurance Online News podcast with your host, Paige Estritori, where we deliver the latest and most significant news from the world of insurance in Australia. Our dedicated team works tirelessly to bring you the freshest updates, focusing on the stories that matter the most to both Australian businesses and individual consumers over the past week.
Through meticulous research, we transform these developments into original content that not only keeps you informed but also offers deep insights into the insurance landscape as it stands today. Our podcast distills these crucial updates into a format that's both succinct and captivating. For professionals within the insurance realm or personal consumers keen on keeping up with insurance trends, look no further. Paige Estritori brings you all the essential information daily, making our podcast the ultimate destination for trustworthy and impactful insurance news.
This Week:
Paige Estritori breaks down four stories for 16 April 2026: new laws banning life insurers from using predictive genetic test results; thousands of claims from Cyclone Narelle and northern floods plus January bushfire losses pressuring premiums; NSWs regulator imposing special licence conditions on NRMA Insurance over CTP issues; and ASICs new dashboard revealing company‑specific complaint data. Listeners are urged to review cover, check CTP details, and use complaint insights when comparing policies, with brokers ready to help via InsuranceOnline.
Welcome to Insurance Online News, Im Paige Estritori, and its 16 April 2026.
First, a major shift for life cover. Parliament has passed laws banning life insurers from using predictive genetic test results in underwriting. The ban will apply to new policies from six months after the law takes effect, with the Australian Securities and Investments Commission, or ASIC, enforcing penalties for non‑compliance. If youve delayed life, income protection or TPD because of DNA results, this change means you can compare options with fresh confidence and get quotes that focus on your needs, not your genes.
Next up, severe weather is still driving claims. More than five and a half thousand claims have been lodged from Cyclone Narelle and northern flooding across Western Australia, Queensland and the Northern Territory since early March. And Januarys Victorian bushfires are now estimated to have caused about eight hundred and ten million dollars in insured losses. Expect continued pressure on premiums in higher‑risk postcodes. Take a moment to check your sum insured, flood and temporary accommodation limits, and—if you run a business—your interruption and equipment cover. We can line up fast, side‑by‑side quotes and broker support to keep you properly covered.
Meanwhile, in motor insurance, NSWs State Insurance Regulatory Authority has imposed special licence conditions on NRMA Insurance over failures in the compulsory third party, or CTP, scheme. Issues included unapproved premiums, missed discounts and inaccurate refunds. The insurer is implementing independent reviews and system fixes. For motorists and fleet managers, its a good prompt to double‑check your CTP renewal details, any discounts and refunds, and to query anything that doesnt look right.
And finally, complaints transparency just improved. ASIC has launched an interactive dashboard that, for the first time, publishes company‑specific internal dispute resolution data. Around a third of 2023–24 complaints were about general insurance. Use that insight, alongside cover and price, when you compare policies. If youre short on time, we can help interpret the data and match you with brokers and policies that fit your situation.
Thats all for this week. For free, fast personal and business insurance quotes and expert help from independent brokers, head to insuranceonline.com.au.
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.
Follow us!
We are a proud member of the Financial Services Online network!
Connect with us on your favourite social media platform for the latest financial news, views, resources and information.
Club Marine, Australia's leading boat insurance provider, has been awarded the 2026 Product Review Award for Top Rated Boat Insurance for the second consecutive year. This accolade underscores the company's dedication to delivering exceptional service and value to its members. - read more
Club Marine, Australia's largest boat insurance provider, has announced a new partnership with the Australian Offshore Powerboat Club (AOPC) to offer specialised land-based insurance coverage for race boats. This initiative addresses a significant gap in the market, providing protection for vessels while they are on land. - read more
Club Marine Insurance and d'Albora Marinas have entered into a strategic partnership aimed at providing mutual benefits to their respective members. This collaboration brings together two leaders in the Australian boating industry to offer enhanced services and savings. - read more
Club Marine, Australia's leading boat insurance provider, has announced a new partnership with the Australian Offshore Powerboat Club (AOPC) to offer specialised insurance coverage for race boats while they are on land. This initiative addresses a significant gap in the market, providing protection against accidental loss, damage, theft, or malicious damage to vessels during storage and transit. - read more
The International Union of Marine Insurance (IUMI) has recently highlighted the resilience of marine insurers in the face of escalating conflicts in the Middle East. Despite the challenging geopolitical landscape, insurers continue to provide essential coverage for cargo, hull, liability, and offshore energy sectors, ensuring that global trade flows remain protected. - read more
As a recreational boat owner in Australia, you are responsible for ensuring the safety of your vessel and passengers. This is where boat insurance comes in to play. Boat insurance is a type of insurance policy that can provide financial protection against damage to your boat, theft, and injury to passengers. - read more
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
As boating enthusiasts, it's crucial to recognize the significant impact we have on our environment. Australia's beautiful waterways and marine life depend on our commitment to eco-friendly practices. - read more
Australia's seascape offers an idyllic backdrop for boating enthusiasts, yet it also presents unique challenges. Boating in Australia is not just a pastime; it's a lifestyle embraced by many who are drawn to the water's edge. The costs associated with this lifestyle, however, can mount quickly. From maintenance to mooring fees, the financial aspect of boating is an unavoidable reality. In this article, we will delve into ways you can trim these costs without sacrificing your experience at sea. - read more
Owning a boat is a cherished luxury for many Australians, offering endless adventures on the open water. But with this privilege comes the responsibility of proper boat maintenance. Regular upkeep isn't just about preserving the longevity and performance of your vessel; it's a crucial aspect that directly impacts your insurance premiums. - read more
Knowledgebase
Insurable Interest: A financial or other kind of interest in the insured item or person, necessary for a valid insurance contract.
