Sun, 8th Jun 2025

In this week's episode, Paige Estritori brings updates from the Australian Insurance industry. Key issues include ASIC and APRA's concerns about duration-based pricing opacity in life insurance, emphasizing the need for greater transparency. She further highlights the importance of properly understanding insurance policies, as demonstrated by a father whose claim was denied due to an oversight in his policy. The episode also discusses the growing insurability crisis amplified by the recent floods in New South Wales, suggesting a rethink of disaster resilience funding and public schemes in insurance. Lastly, Paige comments on a landmark case where a ride-share driver successfully disputed a claim denial, reaffirming the necessity of clear communication on changes in vehicle use between insurers and policyholders.