December 2024
Royal Automobile Club of WA calls in Barrenjoey for strategic review
Royal automobile clubs are hot property as three major brands across Australia hit the auction block.
- Sarah Thompson, Kanika Sood and Emma Rapaport
November 2024
IAG in big Queensland push with $855m RACQ insurance deal
The major insurer already owns NRMA and CGU, and has a joint venture with RACV. This deal gives it access to RACQ’s 1.7 million members.
- Updated
- James Eyers
August 2024
‘Wildly bizarre’: Qld Labor’s petrol price pledge panned
Queensland’s extraordinary bid to open publicly owned petrol stations was panned by industry and economists.
- James Hall and Angela Macdonald-Smith
May 2024
Fifty cents for Qld trains, buses – but they’re still ‘old and slow’
The Queensland Labor government’s slashing of public transport costs has been welcomed, but an advocacy warned of major network issues failing passengers.
- James Hall
RACQ back on block, again, as Bank of America fires up sale
BoA’s crack financial institutions team Mike Evans and Pete Nicholls are understood to be leading the effort.
- Sarah Thompson, Kanika Sood and Emma Rapaport
April 2024
- Exclusive
- Funding
Sydney start-up Honey Insurance lands blockbuster $108m US investment
After 305 meetings Honey has closed a huge series A funding round, but it had to head offshore to find the right investors.
- Paul Smith
February 2024
RACQ chief moved out for a week in ‘terrible’ flood ordeal
“I, too, found myself out of my home after the 2022 floods,” David Carter said. Which he did. Briefly.
- Myriam Robin
January 2024
APRA blasts Budget Direct owner about ‘weak’ risk oversight
Auto & General Insurance, the insurer behind Budget Direct, will undertake a probe to find out what went wrong.
- Liam Walsh
‘Better than expected’: IAG renews disaster cover
While wild storms have triggered tens of thousands of claims, one insurer says the damage is less severe than could have been.
- Liam Walsh
This was supposed to be good, dry El Nino year for insurers
An El Nino year can mean a $2.8b difference in insurance claims compared to La Nina. And then cyclones and freak storms arrived last month.
- Liam Walsh
December 2023
Cyclone Jasper’s damage bill mounts as rain eases
While rainfall eases in North Queensland, the cost wrought by Cyclone Jasper is rising.
- Updated
- Liam Walsh, Sarah Mitchell and Tess Bennett
Cyclone insurance back-up scheme likely off-limits for Qld floods
Insurance companies are unlikely to be able to access a Commonwealth reinsurance project to offset costs of paying out victims of the North Queensland flooding, which could lead to a rise in premiums.
- Updated
- Liam Walsh
How to save $25 on your next tank of petrol
With significant price differences in some neighbourhoods, fuel experts say it pays to shop around in the lead-up to Christmas.
- Updated
- Gus McCubbing
Insurers warn of cutting flood cover options or even customers
Insurers have warned some coverage options might have to be changed after devastating floods last year.
- Liam Walsh
November 2023
Couple of sentences could have avoided insurer’s $10m fine
RACQ has been hit with a Federal Court penalty in the latest fallout for insurers and their failures to pass on discounts to policyholders.
- Liam Walsh
‘Weak board decision-making’: APRA hits RAC Insurance
The prudential regulator’s action against the West Australian organisation marks its latest snap at customer-owned insurers.
- Liam Walsh
September 2023
Insurers behaving badly: who will pay the price?
Bloodied carpets. Repair delays. Sly pricing accusations. While investors warm to insurers, government oversight is rising and crackdowns have struck overseas.
- Liam Walsh
RACQ admits to missed chances in $240m discount snafu
The insurance industry has paid back more than $815 million in refunds, but court documents suggest it didn’t have to be that bad.
- Liam Walsh
This sly algorithm is allegedly targeting loyal insurance clients
The industry has for years had the capability to charge higher premiums for certain people renewing policies.
- Liam Walsh
July 2023
IAG missed insurance discount warnings for years
The failure to pass on discounts and rewards for almost six years has triggered internal inquiries and led to gross costs of more than $500 million.
- Liam Walsh