Fri, 17th Jan 2025

This week on 'Weekly Insurance News Wrap', we discussed the severe weather crises in Eastern Australia, particularly in New South Wales and Queensland which caused extensive destruction & a surge in insurance claims. In other news, a significant legal development unfolded as Jason Prasad from J&P Capital Insurance was sentenced for participation in a fraudulent builders insurance scheme, sending a stern reminder about the importance of integrity in our industry. Internationally, we discussed the devastating wildfires in Los Angeles, predicted to result in insured losses exceeding twenty billion US dollars, highlighting the urgent need for improved infrastructure and climate change management. Tune in next week for more updates.