Fri, 12th Apr 2024 - Insurance News Wrap

What this episode covers

In this weekly installment of Financial Services Online's insurance news wrap-up dated April 12th, 2024, host Paige Estritori discusses top stories shaping the industry. The podcast delves into a federal inquiry in Queensland investigating insurance claim procedures after devastating floods in 2022 and troublesome insurance practices. A spotlight on Australia's increased vulnerability to severe weather events, caused by climate change, triggers warnings of financial turmoil, fueling calls for adaptation and resilience. The episode also covers a concerning rise of 9% in code breaches within the financial sector noted in the Annual Industry Data and Compliance Report, with an 18% swell in claims handling violations. Finally, the podcast highlights a case where QBE Insurance is ordered to pay substantial compensation after delays in repairing a fire-damaged bed and breakfast in Tasmania, demonstrating the very real emotional toll of slow claim processes.

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Frequently Asked Questions

How long is this episode of Insurance News Wrap?

This episode is 2 minutes long.

When was this Insurance News Wrap episode published?

This episode was published on April 11, 2024.

What is this episode about?

In this weekly installment of Financial Services Online's insurance news wrap-up dated April 12th, 2024, host Paige Estritori discusses top stories shaping the industry. The podcast delves into a federal inquiry in Queensland investigating insurance...

Can I download this Insurance News Wrap episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.