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Sun, 20th Apr 2025

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Sun, 20th Apr 2025" was published on April 19, 2025.

April 19, 2025 · Insurance News Wrap

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Summary

In this week's insurance news wrap, Paige Estritori discusses significant developments. Climate change threatens the Australian housing sector with increasing property insurance costs due to weather-related dangers. The Insurance Council of Australia and industry experts urge improved resilience, retrofitting, and climate-proofing measures, warning potential costs could reach $35 billion by mid-century. A controversial case involving Suncorp and a motor policyholder highlighted the need for clear communication and policy review during renewal periods. Finally, a lawsuit led by the Australian Securities and Investments Commission against Hollard Insurance serves as a stark warning to insurers over delaying claims, concluding a mishandled storm damage claim from 2021. For additional details and insurance solutions, listeners are encouraged to visit the Financial Services Online site. Stay tuned for next week's updates.n

Episode Description

In this week's insurance news wrap, Paige Estritori discusses significant developments. Climate change threatens the Australian housing sector with increasing property insurance costs due to weather-related dangers. The Insurance Council of Australia and industry experts urge improved resilience, retrofitting, and climate-proofing measures, warning potential costs could reach $35 billion by mid-century. A controversial case involving Suncorp and a motor policyholder highlighted the need for clear communication and policy review during renewal periods. Finally, a lawsuit led by the Australian Securities and Investments Commission against Hollard Insurance serves as a stark warning to insurers over delaying claims, concluding a mishandled storm damage claim from 2021. For additional details and insurance solutions, listeners are encouraged to visit the Financial Services Online site. Stay tuned for next week's updates.n

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