Thu, 10th Jul 2025

In this weekly insurance news wrap, significant developments in the Australian insurance industry have been highlighted. The ASIC is escalating a legal battle over HCF Life's pre-existing conditions clause. Despite a recent $750,000 fine against HCF, the case could have widespread implications for consumer protections and regulatory environments. The episode also highlights calls for strata law reforms advocated by the ICA and the NIBA for better transparency in insurance fees and strata governance. Additionally, the proposed state-run insurer, TasInsure, in Tasmania has drawn intense industry opposition due to concerns about focus on natural disaster preparedness. Lastly, a denial of a business interruption claim underlines the challenges for businesses for unforeseen disruptions. Key discussions and updates from the fast-paced world of insurance are brought to the listeners by Financial Services Online.n