Mon, 7th Jul 2025

This episode of the Weekly Insurance News Wrap features significant updates from the insurance industry, covering business interruption claims, landmark legal rulings, weather-driven losses, and leadership changes. A Sydney hospitality business faces challenges claiming financial losses from interruptions caused by asbestos-contaminated mulch; the decision sets precedent about insurance coverage for indirect business interruptions. In the legal arena, a landmark ruling in New South Wales includes dog walking services as "attendant care services" for accident recovery. Meanwhile, insurance companies shoulder losses of $1.83 billion due to severe weather events, with further threats looming. Lastly, ClearView announces Peter Tilocca as Head of Underwriting and updates in their medical underwriting framework and product definitions, stressing a focus on national growth. Stay alert for more updates next week.n