Sun, 2nd Jun 2024

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Sun, 2nd Jun 2024" was published on June 1, 2024 and runs 2 minutes.

June 1, 2024 ·2m · Insurance News Wrap

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Summary

In this week's podcast, Paige Estritori discusses major trends in the Australian insurance industry and emergency services funding changes in New Zealand. Estritori highlights a class action lawsuit against SGIO, RACV, and SGIC for allegedly manipulating algorithms and exploiting customer loyalty, underscoring the need for transparent practices in the industry. The podcast also addresses proposed changes to New Zealand's emergency services funding. According to these changes, commercial property owners might face a substantial increase in levies if properties have to be fully insured, leading to a potential financial crunch for these owners. The Insurance Brokers Association of New Zealand warns of these possible challenges and advocates for a careful consideration of the proposed changes. The podcast encourages listeners to stay informed and vigilant when it comes to insurance.

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