Sat, 18th Jan 2025

In this week's episode of the Weekly Insurance News Wrap, we cover the severe storms hitting New South Wales and Queensland in East Australia, leading to a surge in insurance claims. We also delve into the case of Jason Prasad, who was sentenced to prison for selling fraudulent builders warranty insurance, a reminder of the importance of consumer vigilance. Moreover, we spotlight the catastrophic wildfires in Los Angeles projected to result in record-breaking insurance losses over $20 billion. Amid some insurance providers retreating from California, the need for resilient urban planning, improved infrastructure and climate change action becomes evident. Visit us at financialservicesonline.com.au for more information.n