Jun 16, 2026 – 5.42pmThe country’s biggest insurers say the rising cost of natural disasters and inflation in the construction industry will push premiums up by double digits every year for the foreseeable future, setting up a showdown with consumers and regulators demanding policies remain affordable.The warnings come as the Albanese government demands insurers improve how they explain the reasons for premium rises – including the drivers of the increases – and with the Australian Securities and Investments Commission preparing to examine a code of conduct that the industry abides by.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Insurance giants warn soaring costs mean double-digit premium rises
The country’s three major insurers say that regulation and the higher price for construction, along with more natural disasters, are pushing up policies.
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