PII

Home About Us Articles Sitemap Apply

Insurance News from Professional Indemnity Australia

Professional Indemnity Australia is pleased to present the latest financial news headlines.

To read an entire news item, simply click on the headline.

News items on this page are prepared by our editorial team as summaries of publicly available news reports and official announcements. See linked news sources where available. The following news items are for informational purposes only and are not independent journalism.

Insurance News

Clear

Federal Court Denies Allianz's Attempt to Limit Sexual Misconduct Coverage

16 May 2026: Paige Estritori

In a landmark decision on April 28, 2026, the Federal Court dismissed Allianz Australia's bid to impose a cap on sexual misconduct coverage under the Uniting Church's professional indemnity policy. This ruling underscores the judiciary's stance on upholding policy terms as executed, rather than as later interpreted by insurers. - read more

Markel Unveils Customised Professional Indemnity Insurance for Australian Market

16 May 2026: Paige Estritori

Markel, a prominent US-based specialty insurer, has announced the launch of professional indemnity (PI) insurance products specifically designed for the Australian market. This strategic move comes in response to a notable reduction in PI insurance capacity over recent years, leaving many professionals seeking reliable coverage options. - read more

Rising Professional Indemnity Claims in Australia's Financial Services Industry

16 May 2026: Paige Estritori

The Australian financial services sector is currently witnessing a significant increase in professional indemnity (PI) insurance claims. This trend is largely attributed to intensified regulatory scrutiny and recent legal actions initiated by the Australian Securities and Investments Commission (ASIC). - read more

Arch Insurance Australia Elevates Aisling Hegarty to Lead Professional Indemnity Division

08 May 2026: Paige Estritori

Arch Insurance Australia has announced the promotion of Aisling Hegarty to the position of Head of Professional Indemnity (PI), effective immediately. This strategic move underscores Arch's dedication to bolstering its PI insurance offerings across the Australian market. - read more

Insurance Council of Australia Advocates for Reforms to Sustain Compensation Scheme of Last Resort

08 May 2026: Paige Estritori

The Insurance Council of Australia (ICA) has called for structural reforms to the Compensation Scheme of Last Resort (CSLR) to address growing funding pressures and enhance consumer protection. This appeal comes in response to a Treasury consultation paper examining the role of professional indemnity insurance in compensation claims. - read more

Click for more Insurance News

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.