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News
Buying insurance online? 5 digital frauds that can put your money at risk
1+ day, 21+ hour ago (391+ words) Fraudsters are posing as insurers and regulators, offering fake benefits and using phishing links to dupe people... Buying and managing a life insurance policy is easy Customers can purchase policies, pay premiums, update details and initiate service requests through their…...
Life CCC sanctions insurer over inaccurate and delayed annual notices
1+ week, 4+ day ago (534+ words) The Life Insurance Code Compliance Committee (Life CCC) has sanctioned a life insurer after more than 10,000 breaches meant customers received annual notices that were inaccurate, incomplete or issued late. Between August 2024 and January 2026, the insurer failed to include relevant policy benefits,…...
Buying life insurance online? Beware of fake policy offers, phishing links and payment scams
2+ week, 3+ hour ago (274+ words) The comfort and convenience of investing and managing life insurance online come with immense responsibilities. Clearly knowing what is genuine and what is a trap. This is because a lack of a proper understanding of the fundamentals can lead to…...
General insurance complaints hit a third record – brokers are not driving them
1+ mon, 10+ hour ago (769+ words) Insurance Business General insurance complaints hit a third record – brokers are not driving them What the AFCA data does and doesn’t say about the intermediated channel Nearly half of all general insurance written in Australia flows through brokers, yet the…...
Ethika Insurance Broking: 10 Years, 50,000 Claims, Their Unbelievable Secret.
1+ mon, 5+ day ago (86+ words) ...
Record AFCA complaints mask a worse story in insurer compliance data
1+ mon, 1+ week ago (730+ words) Insurance Business Record AFCA complaints mask a worse story in insurer compliance data Claims handling failures were accumulating well before policyholders reached the ombudsman Rejection of claim complaints for comprehensive vehicle insurance rose 47% in 2025-26, superannuation insurance claim rejection complaints climbed…...
Dave Ramsey calls whole life insurance agents 'crooks' pushing fear of economic collapse for 20x commissions
1+ mon, 1+ week ago (317+ words) A caller got pitched whole life insurance as a hedge against an economic collapse. Ramsey says that's illogical, the product is a bad deal and the salespeople lied....
Prudential Life Insurance to fundamentally reform compensation system
1+ mon, 2+ week ago (148+ words) Nikkei Asia Prudential Life Insurance to fundamentally reform compensation system Japanese affiliate of US giant makes move after customer exploitation scandal TOKYO -- Prudential Life Insurance has decided to abolish a salary system that leans heavily on commissions, Nikkei learned on…...
One Inc and CalcFocus target friction in life insurance pay
1+ mon, 3+ week ago (257+ words) One Inc, a digital payments network for the insurance industry, has entered a strategic partnership with policy administration provider CalcFocus to help life insurers modernise premium collections and improve the policyholder payment experience. The partnership will integrate One Inc’s PremiumPay…...
Suze Orman: stop buying life insurance once you've saved $3 million
3+ mon, 1+ week ago (409+ words) Chris Martin is a US economics and current affairs journalist covering the intersection of policy, markets, and everyday financial life. With a background in financial reporting and a sharp eye for the stories behind the numbers, Chris brings clarity to…...