EPISODE · Feb 13, 2025
Fri, 14th Feb 2025
from Insurance News Wrap · host Paige Estritori
In this episode of the Weekly Insurance News Wrap, the show touches on various stories from different corners of the insurance industry. Marsh's commercial price monitor showed a reduction in global insurance rates during the last quarter of 2025, with Australia-Pacific leading the trend with an 8% dip. In Western Australia, DBD Developments faced regulatory action for constructing without mandatory Home Indemnity Insurance, reminding the industry of the importance of securing HII for projects over $20K. In New South Wales, ISS Property Services came under scrutiny due to inconsistencies in their workers' compensation self-insurance system. The episode ends with emphasizing the diverse challenges the insurance sector experiences, the global shift in rates, industry integrity, and the critical importance of compliance to protect consumers and workers.
What this episode covers
In this episode of the Weekly Insurance News Wrap, the show touches on various stories from different corners of the insurance industry. Marsh's commercial price monitor showed a reduction in global insurance rates during the last quarter of 2025, with Australia-Pacific leading the trend with an 8% dip. In Western Australia, DBD Developments faced regulatory action for constructing without mandatory Home Indemnity Insurance, reminding the industry of the importance of securing HII for projects over $20K. In New South Wales, ISS Property Services came under scrutiny due to inconsistencies in their workers' compensation self-insurance system. The episode ends with emphasizing the diverse challenges the insurance sector experiences, the global shift in rates, industry integrity, and the critical importance of compliance to protect consumers and workers.
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Fri, 14th Feb 2025
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