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Insurance News
Year: Month:

HESTA Announces 12% Reduction in Insurance Fees to Benefit Members HESTA Announces 12% Reduction in Insurance Fees to Benefit Members
08 May 2026: Paige Estritori

HESTA, a prominent Australian superannuation fund, has unveiled a significant reduction in insurance fees, averaging 12% across all cover types. This change is set to take effect from 1 July 2026 and is part of a broader initiative to make insurance more accessible and affordable for its members. - read more
Suncorp's AU$2.4 Billion Reinsurance Deal Sparks 10% Share Surge Suncorp's AU$2.4 Billion Reinsurance Deal Sparks 10% Share Surge
08 May 2026: Paige Estritori

Suncorp, a leading Australian insurer, has successfully secured a substantial reinsurance arrangement valued at up to AU$2.4 billion over five years. This strategic move has positively influenced the company's fiscal 2026 growth projections, resulting in a notable 10% increase in share value. - read more
IAG Reports AU$505 Million Profit Despite Weather-Related Challenges IAG Reports AU$505 Million Profit Despite Weather-Related Challenges
08 May 2026: Paige Estritori

Insurance Australia Group (IAG), a major player in the Australian insurance market, has reported a net profit after tax of AU$505 million for the first half of the 2026 financial year. This figure represents a decline from the AU$778 million recorded in the corresponding period of the previous year, primarily due to severe weather events affecting its recently acquired RACQ Insurance (RACQI) portfolio. - read more
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Trades Insurance Articles

Protecting Your Trade: Public Liability Insurance Explained
Protecting Your Trade: Public Liability Insurance Explained
Public liability insurance is designed to protect businesses and tradespeople against legal costs and compensation claims for injury or damage to property by a third party. In layman's terms, it covers you if someone sues your business for damages. - read more
Essential Tips for Finding Affordable Tool and Vehicle Insurance
Essential Tips for Finding Affordable Tool and Vehicle Insurance
As a tradesperson running a small business, you face a unique set of risks every day. From accidents on the job site to damage to your expensive equipment, the challenges are numerous and varied. - read more
Top 5 Reasons Tradespeople Need Tools and Equipment Insurance
Top 5 Reasons Tradespeople Need Tools and Equipment Insurance
For tradespeople, tools and equipment are the backbone of their daily operations. From basic hand tools to advanced machinery, having the right gear is crucial for delivering quality work and maintaining efficiency. - read more
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Knowledgebase
Peril:
A specific risk or cause of loss covered by an insurance policy, such as fire, theft, or flood.

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