Fri, 25th Jul 2025

This edition of the Weekly Insurance News Wrap, hosted by Paige Estritori for Financial Services Online, discusses some of the key recent issues in Australia's insurance sector. Major points include a disputed travel insurance claim highlighting the need for clearer policy terms, changes being considered for cyclone policies to address affordability challenges, a homeowner's claim denial due to failure in property upkeep, and underinsurance problems in New South Wales' workers' compensation scheme. Particularly in the latter, non-compliance from employers has resulted in uncollected premiums, thus calling for stricter regulation. The discussions emphasize understanding your insurance policy thoroughly, maintaining property to avoid claim rejections, and the continued pursuit of fairness and affordability. Stay informed and insured with the help of Financial Services Online.