Fri, 24th Jan 2025

In this episode of Weekly Insurance News Wrap, Paige Estritori discusses the latest developments in Australian insurance. Auto & General receives criticism and instruction due to alleged procedural lapses leading to an erroneous denial of a storm damage claim. A warning is given about fully understanding travel insurance exclusions, drawing from a case in which a man's claim wasn't covered due to a pre-existing condition clause covering his family. Meanwhile, the insurability crisis in Halls Gap, Victoria following bushfires prompts Coalition leader Peter Dutton to call for urgent solutions. Lastly, severe electrical storms lead to over 11,000 insurance claims, primarily from New South Wales and the Australian Capital Territory with collaborative efforts between the Insurance Council of Australia, Suncorp, and the government to aid recovery. Stay informed and protected with Financial Services Online.n