Mon, 3rd Jun 2024

In this episode, Paige Estritori summarises key news from Financial Services Online's Daily News Wrap. The Insurance Australia Group is admonished for its negligent approach to a flood damage claim, resulting in a penalty. Meanwhile, a class action lawsuit is initiated by Slater and Gordon against SGIO, RACV, and SGIC for misleading long-term customers with an underhandedly high pricing algorithm. The financial sector sees a potential rise in inflation, requiring elevated interest rates and hinting at strain on household budgets. Additionally, a recent study reveals Tesla and BYD leading in EV strategies, while Japanese brands, and India, lagging. Australia sees a surge in EV sales due to strict upcoming emissions limits. Stay informed, proactive, and resilient, and visit www.financialservicesonline.com.au for more.n