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Insurance News from Business Insurance Online

Business Insurance Online is pleased to present the latest financial news headlines.

To read an entire news item, simply click on the headline.

News items on this page are prepared by our editorial team as summaries of publicly available news reports and official announcements. See linked news sources where available. The following news items are for informational purposes only and are not independent journalism.

Insurance News

ACCC Halts IAG's Bid to Acquire RAC WA's Insurance Division
ACCC Halts IAG's Bid to Acquire RAC WA's Insurance Division
11 May 2026: Paige Estritori
The Australian Competition and Consumer Commission (ACCC) has recently opposed the proposed acquisition of RAC WA's insurance operations by Insurance Australia Group (IAG). This decision stems from concerns that the merger would significantly reduce competition within Western Australia's insurance sector, potentially leading to higher premiums and diminished service quality for consumers. - read more
Coalition Enhances Cyber Insurance Coverage Amid Rising Email Breaches
Coalition Enhances Cyber Insurance Coverage Amid Rising Email Breaches
11 May 2026: Paige Estritori
In response to the escalating threat of email-based cyber attacks, insurance provider Coalition has announced an increase in its standard cyber crime coverage for Australian policyholders to $500,000. This enhancement aims to address the growing financial impact of cyber incidents, particularly those involving business email compromise (BEC) and fraudulent fund transfers (FTF). - read more
ACCC Halts IAG's Bid to Acquire RAC WA's Insurance Division
ACCC Halts IAG's Bid to Acquire RAC WA's Insurance Division
11 May 2026: Paige Estritori
The Australian Competition and Consumer Commission (ACCC) has recently opposed the proposed acquisition of RAC WA's insurance operations by Insurance Australia Group (IAG). This decision stems from concerns that the merger would significantly reduce competition within Western Australia's insurance sector, potentially leading to higher premiums and diminished service quality for consumers. - read more
New Cyber Insurance Solution for Australian SMEs: Cowbell and Zurich's Prime One
New Cyber Insurance Solution for Australian SMEs: Cowbell and Zurich's Prime One
03 May 2026: Paige Estritori
In a significant development for Australia's small and medium-sized enterprises (SMEs), Cowbell, in partnership with Zurich Australian Insurance, has launched 'Prime One', a standalone cyber insurance program designed specifically for businesses with annual turnovers up to AUD $100 million. This initiative addresses the growing need for comprehensive cyber protection in an increasingly digital landscape. - read more
Strengthening Small Business Resilience: ICA's Call for Comprehensive Insurance Reforms
Strengthening Small Business Resilience: ICA's Call for Comprehensive Insurance Reforms
03 May 2026: Paige Estritori
The Insurance Council of Australia (ICA) has recently submitted four comprehensive proposals to the Parliamentary Joint Committee's inquiry into small business insurance, emphasizing the urgent need for reforms in areas such as insurance taxation, climate resilience, risk education, workplace mental health, and cyber resilience. These initiatives aim to bolster the resilience of Australia's 2.5 million small businesses, which collectively employ nearly half of the private sector workforce. - read more
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Business Insurance Articles

Essential Insurance Coverages You Need to Protect Your Small Business
Essential Insurance Coverages You Need to Protect Your Small Business
Insurance is a vital component for any small business. It acts as a safety net, helping to protect your enterprise from unexpected financial losses. Whether you run a retail shop, a consultancy, or a manufacturing unit, having the right insurance coverages can make the difference between thriving and merely surviving. - read more
Business Interruption Insurance: Why It’s Crucial for Small Business Owners
Business Interruption Insurance: Why It’s Crucial for Small Business Owners
Business interruption insurance is a type of coverage designed to compensate businesses for lost income and operational costs when they are unable to operate due to a covered event such as a natural disaster, fire, or other incidents that disrupt business operations. - read more
The Importance of Adequate Insurance Coverage for Your Small Business
The Importance of Adequate Insurance Coverage for Your Small Business
For small businesses, navigating the intricacies of sustainability is a critical task that can be made more manageable through the prudent use of business insurance. Understandably, many small business owners prioritize immediate operational concerns over seemingly discrete matters like insurance. However, as we will explore, insurance is not a mere formality—it's a vital backbone to enduring success. - read more
Financing Your Business: The Role of Loans and Insurances
Financing Your Business: The Role of Loans and Insurances
Starting a new business is an exciting journey filled with opportunities and challenges. One of the most critical aspects to ensure your venture's success is adequate financing. Whether you're launching a small local shop or a larger enterprise, having a solid financial foundation is essential. - read more
Must-Have Insurance Policies for Australian SMEs in 2025
Must-Have Insurance Policies for Australian SMEs in 2025
In today's rapidly evolving business environment, insurance has become an essential component for the survival and success of small to medium enterprises (SMEs). As businesses navigate through uncertainties, unexpected events can pose significant threats. Insurance not only provides a safety net but also conveys a sense of stability and trust to partners and customers. - read more

Knowledgebase
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