Latest Insurance Claims News

Livium’s insurer has settled five claims linked to the 2019 Envirostream fire, leaving the battery recycler with no remaining fire-related provision and no settlement cash outflow. The accounting benefit arrives in FY27, after a modest additional expense in FY26.

Livium’s insurer has settled four claims linked to the 2019 Envirostream premises fire for about A$1.765 million, with the company expecting no settlement cash outflow. Two claims remain unresolved, leaving the effect on Livium’s existing A$5.4 million provision uncertain.

PolyNovo reported a 16.1% rise in FY26 revenue to AUD 150 million, driven by strong global sales and manufacturing expansion, yet net profit fell 44% due to a significant asset write-off from an R&D centre fire and lower tax benefits.

Napier Port (NZX:NPH) reported a 38.9% increase in underlying net profit after tax for Q3 2026, driven by container services revenue growth and ongoing strategic infrastructure projects.

Helia Group’s half-year profit fell 25% to $100 million, hit by lower premiums and investment income. The insurer declared a combined 43 cents per share dividend and launched a $75 million share buy-back.

4DMedical has secured a pivotal three-year contract with SimonMed Imaging to deploy its CT:VQ™ lung imaging technology across over 170 US outpatient centres, while FY26 revenue rose 23% to $7.2 million on record scan volumes and global expansion.

Zelira Therapeutics has raised nearly US$33 million into its HOPE® 1 special purpose vehicle, valuing the SPV at about US$66 million post-money. The funds will advance FDA regulatory submissions and Phase 1 clinical trials for its autism-targeting cannabinoid drug.

Livium Ltd has locked in A$1.575 million in initial funding from The Lind Partners, with potential to raise up to A$11.75 million over two years, while offering shareholders a discounted share purchase plan to support its recycling growth strategy.

PolyNovo has delivered solid FY26 revenue growth of 16.1%, driven by commercial sales expansion and improved manufacturing output, while progressing insurance recovery from its R&D centre fire.

MGX Resources is set to exit its Koolan Island iron ore operation, selling to Crestlink for $20.2 million upfront plus potential revenue share, while shifting focus to gold development.

The ACCC has escalated its scrutiny of Insurance Australia Group’s proposed takeover of RAC Insurance, citing potential substantial lessening of competition in Western Australia’s motor and home insurance markets.

Capral Limited reported a resilient FY25 with earnings growth despite market headwinds, declaring a 30-cent dividend and reinforcing its commitment to sustainability with a 20% emissions reduction target by 2030.