Mon, 20th May 2024

This podcast, by Paige Estritori for Financial Services Online, explores the latest news from the insurance sector. Main discussion points include a Senate probe into the impact of climate change on insurance costs, led by Greens Senator Mehreen Faruqi, and a reported 0.4% increase in total risk premiums, according to Dexx&r, amidst varying trends in the industry. Post the 2022 floods, Melbourne's insurance providers face criticism for their delayed responses and poor management. Lastly, Allianz is set to update their flood insurance, integrating it within home, contents, and landlord coverage. This measure, being an innovative effort to expedite claims, is expected to lead to a slight rise in premiums for low-risk clients.n