ASIC is threatening major insurers with legal action unless they clearly explain the key reasons behind annual car insurance hikes.

The corporate regulator ASIC has taken aim at major car insurers, finding the companies are not explaining why customers' premiums are rising faster than inflation.

Together they cover roughly 72% of the comprehensive and third-party car insurance market. Not one of them gave customers a ...

The regulator’s warnings, ahead of earnings updates from major providers QBE, IAG and Suncorp, comes amid increased scrutiny and a surge in premiums.

Drivers are effectively being taxed for their loyalty to their insurers, the corporate regulator has found in an analysis of the sector.

Motor premiums rose more than 42% from 2019 to 2024. Australian car insurers are failing to explain the factors behind sharp and repeated premium increases, making it harder for consumers to compare ...