Mon, 20th Jan 2025

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Mon, 20th Jan 2025" was published on January 19, 2025.

January 19, 2025 · Insurance News Wrap

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Summary

In this episode, Paige Estritori discusses key events affecting the insurance industry. Extreme weather in Eastern Australia has led to widespread damage, with insurance giants Allianz and Suncorp reporting a surge in claims. In legal news, the case of insurance broker Jason Prasad who was sentenced for selling fraudulent builders warranty insurance, underlines the importance of regulatory bodies and vigilance against illicit practices. Internationally, wildfires in Los Angeles are set to become the costliest wildfire disaster on record with total losses likely to exceed $20 billion, highlighting the need for improved infrastructure and climate change action. The episode concludes a call for viewer vigilance and safe practices.n

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