Fri, 24th Apr 2026

In this edition of Financial Services Online's weekly insurance news, the focus is on the pressures on small businesses due to insurance costs. The Insurance Council of Australia highlights the need to review outdated liability laws attributing to soaring insurance premiums by up to 60% since 2019, calling for legal caps and a nationwide farming claim ban. An underinsured café faces hardships after storm damage exposes the need for accurate risk exposure measures. There is a reported hike in insurance complaints, with about 100 daily, primarily due to procedural delays linked to material, labor shortages, and electric vehicle complexities. South-West Queensland local councils propose a community insurance mutual to combat high premiums by pooling resources for tailored coverage. Stay tuned for comprehensive updates on personal and business insurance on Financial Services Online.n