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South eastern Australia was inundated by record-breaking floods in the past year, due to the wet La Nina weather system.

Bonanza for insurance stocks tipped to cool as premium growth slows

Investors in insurance giants made bumper returns in 2024. But analysts say conditions will be less favourable this year as the pace of price rises slows.

  • Daniel Lo Surdo

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The 2020 floods in Northern NSW and southern Queensland provided a financial shock for insurers that is still being felt by customers across Australia.

Double-whammy: Household insurance costs to soar again, adding to inflation

Consumers will be hit with another steep rise in their household and car insurance premiums this year as general insurers push revenue growth ahead of rising inflation costs.

  • Colin Kruger
Suncorp chief executive Steve Johnston.

Lithium fires and ‘flexi’ water pipes pushing insurance bills higher: Suncorp

The insurance giant behind the AAMI, GIO and Apia brands has flagged it will raise insurance premiums by up to 9 per cent, as rising home-repair costs weigh on the business.

  • Sumeyya Ilanbey
Elliott

The big four bank boss who says there’s more room for risk

ANZ boss Shayne Elliott has been grappling with several challenges at the bank. But one societal issue he has his eye on is taking a disproportionate toll on younger generations.

  • Millie Muroi
When he’s challenged over the lack of a fair dinkum plan to fix Australia’s broken taxation system, Treasurer Jim Chalmers’ response is that Labor’s “modest but meaningful” tax changes are doing the job.

Treasurer gives the tick to $4.9b ANZ-Suncorp deal

The transaction is the biggest banking deal in Australia since Westpac bought St George in 2008.

  • Clancy Yeates
The author’s Pia Picanto, for which the NRMA’s proposed insurance premium soared by 17 per cent to

Who’d pay $3440 to insure my tiny car? My ex-insurer thought I would

My Kia Picanto is worth about as much as a Taylor Swift ticket. Check out the swifty my ex-insurer tried to pull.

  • Margot Saville
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Suncorp chief executive Steve Johnston said the insurer continued to face inflationary pressure.

Suncorp boss says premium growth to ease as earnings jump 14 per cent

Suncorp chief executive Steve Johnston concedes it has been a tough six months for customers facing rising home and motor insurance costs, but expects premium growth to ease.

  • Millie Muroi

How the ‘millionaires factory’ shook up Australia’s big four banks

A landmark ruling underlines how Macquarie Group, better known for investment banking, is making a serious play in the less racy retail banking sector.

  • Millie Muroi
Australian investors have followed the lead of their overseas peers, with all eyes on the outcome of the US Federal Reserve’s next monetary policy meeting.

Mining and energy stocks drag ASX lower on big day for earnings reports

Mining and energy stocks weighed heavily on the Australian sharemarket, dragging the index sharply into negative territory after it briefly pared early losses. 

  • Sumeyya Ilanbey
ANZ boss Shayne Elliott - has judicial approval to acquire Suncorp’s banking arm

The competition decision that snookered the treasurer

It’s a sticky decision for Treasurer Jim Chalmers given his government has been waging a war on the dominant players in concentrated industries.

  • Elizabeth Knight

Original URL: https://www.smh.com.au/topic/sun-1hb