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Mon, 25th Mar 2024

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Mon, 25th Mar 2024" was published on March 24, 2024 and runs 2 minutes.

March 24, 2024 ·2m · Insurance News Wrap

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Summary

This week's update from Financial Services Online covers several pressing topics in the finance industry. The 'Brokering Change' study illuminates the impacts of compliance requirements on insurance brokers while also indicating the industry's operational challenges. CFC launches an innovative insurance to address non-delivery risks in the carbon credit industry, a trillion-dollar market by 2050. Amid a fees-related backlash, property management firm Netstrata reasserts transparency commitment, collaborating with the NSW Fair Trading in a voluntary review. A local salon owner's legal battle against Chubb Insurance for water and mould damage claim highlights the intricacies of policy exclusions. The Australian Financial Complaints Authority has ruled in favor of the salon owner, holding Chubb liable for 30% of the damage plus other costs associated.

Episode Description

This week's update from Financial Services Online covers several pressing topics in the finance industry. The 'Brokering Change' study illuminates the impacts of compliance requirements on insurance brokers while also indicating the industry's operational challenges. CFC launches an innovative insurance to address non-delivery risks in the carbon credit industry, a trillion-dollar market by 2050. Amid a fees-related backlash, property management firm Netstrata reasserts transparency commitment, collaborating with the NSW Fair Trading in a voluntary review. A local salon owner's legal battle against Chubb Insurance for water and mould damage claim highlights the intricacies of policy exclusions. The Australian Financial Complaints Authority has ruled in favor of the salon owner, holding Chubb liable for 30% of the damage plus other costs associated.

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