Mon, 1st Sep 2025

In this episode of the Weekly Insurance News Wrap, discussions include a homeowner's rejected claim for a refund from Allianz, which amplified the significance of tracking insurance policy changes, especially for properties in high-risk areas. Premiums for group life policies with long-term benefits have seen an average increase of 15% - 25%, and underwriting standards have tightened. As a result, many companies are reassessing their employee benefits to adapt to this shift. Meanwhile, the Insurance Council of Australia voiced concerns about potential economic impacts of pausing updates to the National Construction Code. Finally, praising the AFCA's forcing of RACQ Insurance to enhance a house fire claim payout underlined the importance of meticulous and impartial claim handling. Stay informed and prepared with Financial Services Online's expert advice and insights on these developing stories.