Sat, 8th Mar 2025

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Sat, 8th Mar 2025" was published on March 7, 2025.

March 7, 2025 · Insurance News Wrap

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Summary

In this week's episode, Paige Estritori of Financial Services Online discusses key issues impacting the Australian insurance sector. She discusses controversy over a plan proposed by Opposition Leader Peter Dutton to dismantle major insurers in a bid to reduce premiums, while industry players call for greater focus on disaster preparedness and economic issues instead. Meanwhile, Insurance Council of Australia's proposal for a $30 billion flood defence fund urges government cooperation for infrastructure improvement and property reinforcement to mitigate risk. With growing apprehension over health cover costs, Aussies are advised to explore coverage options to avoid potential issues like high out-of-pocket expenses. Finally, progressions in the insurance industry will be deliberated at the upcoming Insurance News Outlook 2025 Conference in Sydney. Tune in next week for more updates in the world of insurance.n

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