Sun, 16th Feb 2025 - Insurance News Wrap

What this episode covers

In this week's Financial Services Online insurance news wrap-up, Marsh's commercial price monitor reports an 8% reduction in insurance rates in Australia for the final quarter of 2025, the largest worldwide decline. DBD Developments, a Perth construction firm, has been fined for starting a project without mandatory Home Indemnity Insurance, highlighting the importance of compliance. In New South Wales, ISS Property Services are under audit due to discrepancies in their workers' compensation self-insurance system. Regulator SIRA has issued a strict remediation strategy and requires a quality assurance program to be implemented. These stories underline the importance of businesses understanding and meeting their insurance obligations as well as the beneficial impacts of falling insurance rates.

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When was this Insurance News Wrap episode published?

This episode was published on February 15, 2025.

What is this episode about?

In this week's Financial Services Online insurance news wrap-up, Marsh's commercial price monitor reports an 8% reduction in insurance rates in Australia for the final quarter of 2025, the largest worldwide decline. DBD Developments, a Perth...

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