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Insurance News from Business Insurance Online

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

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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

Javln Strengthens Australian Market Position with Organiseit Acquisition
Javln Strengthens Australian Market Position with Organiseit Acquisition
01 Apr 2026: Paige Estritori
In a strategic move to bolster its presence in the Australian insurance sector, New Zealand-based insurtech company Javln has acquired Organiseit, a prominent Australian document management system provider. This acquisition follows Javln's successful $6 million capital raise in October, earmarked for accelerating its growth strategy and expanding its footprint in Australia. - read more
Insurance Council Declares Catastrophe as Victoria Bushfires Intensify
Insurance Council Declares Catastrophe as Victoria Bushfires Intensify
01 Apr 2026: Paige Estritori
The Insurance Council of Australia (ICA) has declared an insurance catastrophe in response to the escalating bushfires across Victoria, underscoring the profound impact of climate change on the nation's insurance landscape. Since January 7, bushfires have ravaged over 400,000 hectares of land, leading to a surge in insurance claims and raising alarms about the increasing frequency and severity of such events. - read more
ASIC Takes Legal Action Against Budget Direct for Alleged Misleading Discounts
ASIC Takes Legal Action Against Budget Direct for Alleged Misleading Discounts
01 Apr 2026: Paige Estritori
The Australian Securities and Investments Commission (ASIC) has commenced legal proceedings against Auto & General, the parent company of Budget Direct, alleging that the insurer engaged in misleading conduct regarding promised discounts to customers. The case centers on claims that tens of thousands of Budget Direct policyholders were overcharged premiums over several years due to the withdrawal of discounts that had been previously offered. - read more
IAG's Strategic Expansion: 90% Acquisition of RACQ Insurance
IAG's Strategic Expansion: 90% Acquisition of RACQ Insurance
24 Mar 2026: Paige Estritori
Insurance Australia Group (IAG) has announced the acquisition of a 90% stake in RACQ Insurance for $855 million. This strategic move is expected to bolster IAG's gross written premiums by approximately $1.3 billion, reinforcing its position in the Australian insurance market. - read more
Suncorp's Impressive 89% Profit Increase in H1 2025
Suncorp's Impressive 89% Profit Increase in H1 2025
24 Mar 2026: Paige Estritori
Suncorp Group has reported a remarkable 89% increase in net profit for the first half of 2025, with earnings per share reaching A$86.56. This substantial growth reflects the company's strong performance in the Australian insurance sector. - read more

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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Business Insurance Articles

Common Insurance Mistakes Small Business Owners Should Avoid
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How to Lower Your Insurance Costs Without Sacrificing Coverage
How to Lower Your Insurance Costs Without Sacrificing Coverage
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The Essential Checklist: What Every Australian Business Owner Needs to Know About Insurance Cover
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When it comes to securing the future of your business, insurance isn't just a safety net; it's a vital tool for stability and growth. As an Australian entrepreneur, navigating the complex world of business insurance can be daunting. That's why understanding the importance of choosing the right insurance cover for your venture is critical for success. - read more
Understanding Liability Insurance: A Guide for Small Business Owners
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Knowledgebase
Depreciation:
The reduction in the value of an asset over time, used in insurance to calculate the actual cash value of property.