Fri, 3rd Jul 2026
from Insurance News Wrap Hosted by Paige Estritori
In this week's insurance news in Australia by Financial Services Online, PSC Insurance Brokers' investment in MA Insurance Brokers shows a trend towards sector specialisation with potentially better tailored options for transport operators. The Australian Financial Complaints Authority highlighted the importance of careful reading of insurance policy details with a case denied over precise policy wording. A review by the General Insurance Code Governance Committee revealed lack of transparency in renewal pricing, emphasizing the need for careful comparison of total annual costs across payment options. Lastly, IAG's investment in Spacecube, a company providing rapid deployment modular shelters, shows how insurers could reduce accommodation claims and maintain business continuity post-disaster. It serves as a reminder for enterprises to regularly review insurance policies and enhance their resilience.
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