Insurance Finder Australia Weekly Insurance News Wrap
Each week, Insurance Finder Australia brings a clear, concise wrap of the biggest insurance stories across Australia. We cover policy and regulation updates, broker industry movements, claims trends, and practical consumer insights. Expect plain-English summaries, context on what changes mean, and tips to navigate coverage choices with confidence. It’s a trustworthy, industry-focused news brief designed for individuals and small business owners who want to stay informed without the noise.
This Week:
This weeks wrap covers Cyclone Narelle impacts and insurer response, new resilience‑investment principles from government and the Insurance Council of Australia, how driving fewer kilometres can reduce car insurance costs on certain policies, and an industry report showing storms, bushfires and floods now dominate insured catastrophe losses. Key takeaways: prioritise safety and early claims support, ask brokers about policies that recognise mitigation upgrades, consider low‑kilometre or pay‑as‑you‑drive options if you drive less, and review flood, storm and business interruption terms with a broker ahead of renewal.
EPISODE 1449 | Insurance Finder Australia Weekly Insurance News Wrap | Sun, 22nd Mar 2026
25 Mar 2026 | Paige Estritori
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Read Full Transcript:
Hello and welcome to Insurance Finder Australia Weekly Insurance News Wrap, Im Paige Estritori, and its Sunday, 22 March 2026.
First, severe weather. On Friday, 20 March, Cyclone Narelle made landfall in Far North Queensland as a category 4 before tracking west toward the Northern Territory with destructive winds and flooding. Insurers have mobilised assessment and recovery teams, but safety comes first. If youre impacted, photograph damage, keep receipts, and contact your broker early so they can help you navigate next steps and policy conditions.
Meanwhile, on 16 March, the federal government and industry through the Insurance Council of Australia, or ICA, released new guiding principles for resilience investment. The aim is to steer funding into levees, retrofits and infrastructure that cut disaster risk and disruption. For homeowners and small businesses planning upgrades, ask a broker which policies recognise mitigation work and whether your sums insured and flood or storm options need updating.
On motor cover, a fresh consumer analysis updated on 17 March finds people who drive fewer kilometres could pay less with low‑kilometre or pay‑as‑you‑drive policies. These can suit city commuters or one‑car households, but watch the fine print: odometer checks apply and going over your cap can trigger an extra excess. A broker can quickly compare options and explain trade‑offs, so youre not paying for cover you dont need.
And zooming out, a new industry report this week says so‑called secondary perils — severe storms, bushfires and floods — made up the vast majority of insured catastrophe losses last year, with Australia hit hard by storm activity. Expect underwriters to keep sharpening questions on location, construction and business interruption. Your practical move is a policy review: confirm flood and storm definitions, check temporary closure and access clauses for SMEs, and work with a broker to right‑size your cover before renewal.
Thats the wrap. For help finding a licensed, trusted broker who understands your needs, head to insurance-finder.com.au and get matched in minutes. Talk soon.
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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Knowledgebase
Coinsurance: A percentage of the cost of a covered healthcare service that you pay after you have paid your deductible.
