Fri, 18th Apr 2025

In this episode, Paige Estritori discusses major happenings in Australia's insurance industry. A Climate Valuation report warns that escalating climate change threats could render an increasing number of Australian properties uninsurable, given a notable uptick in insurance costs. As a remedy, The Insurance Council of Australia is advocating for climate resilience measures and an end to state insurance taxes. Another narrative revolves around a Suncorp motor insurance claim dismissed due to the use of unapproved fluids, shedding light on the importance of clear communication during policy renewals. Finally, the Australian Securities and Investments Commission has filed a lawsuit against Hollard Insurance for severe mishandling of a storm damage claim, stressing the unacceptability of insurance claim handling delays.