Fri, 6th Sep 2024

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Fri, 6th Sep 2024" was published on September 5, 2024.

September 5, 2024 · Insurance News Wrap

0:00 / 0:00

Summary

In this episode of the Weekly Insurance News Wrap, Paige Estritori highlights several key developments in the Australian insurance sector. The Australian Financial Complaints Authority (AFCA) has supported Allianzs decision to reduce a payout in a car claim dispute following a misdescription infringement. Zurich Financial Services Australia announced the appointment of David Wainwright, a veteran finance expert, as the new Chief Risk Officer for Australia and New Zealand, effective from January 6, 2025. The AFCA dismissed a critical illness claim lodged by a woman following her breast cancer diagnosis falling just outside her policy's eligibility period, emphasizing the need for continuous coverage. Lastly, an unnamed insurer was required to reimburse over 900 policyholders after breaching claims processing timelines within the Life Insurance Code of Practice, leading to improved compliance and customer service standards.

Episode Description

Share this episode

Similar Episodes

No similar episodes found.

Similar Podcasts

New Health Insurance News Podcasts – New Health Insurance News Michael's Insurance Podcast Michael Young A short-form podcast that covers insurance news, cases, tips and other thoughts by Michael Young, an insurance coverage and bad faith lawyer in St. Louis.michaelyoungstl.comThe choice of a lawyer is an important decision and should not be based solely upon advertisements. Silver Lining Safety - Safety Bytes West Bend Mutual Insurance As an insurance company, we understand how important your business is to you. In this weekly podcast, we’ll give you information on business safety and loss prevention best practices, provide resources to keep you and your employees safe and share the latest insurance news. Opinions in this podcast may not apply to all listeners. Be sure to consult with a qualified safety professional before making any changes to your business. To recommend topics, please email us at [email protected].