Sun, 29th Sep 2024

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Sun, 29th Sep 2024" was published on September 28, 2024.

September 28, 2024 · Insurance News Wrap

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Summary

In this episode, Paige Estritori of Financial Services Online covers updates in the Australian insurance scene this week. We consider a surge in breaches reported by insurance brokers due to new regulations, following adjustments promoted by the National Insurance Brokers Association. Secondly, 360 Commercial Motor is improving their service by launching an internal claims team and implementing tech platform Wilbur. In the realm of cybersecurity, Sportscover Australia and Beazley are beginning a comprehensive insurance plan for sports and leisure sector businesses. Finally, we look at a recent Federal Court rule that stops COVID-19 business interruption claims against four insurers from continuing as group actions. Instead, policyholders must file individual claims. Tune in next week for more news in the financial services sector. Stay protected.n

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