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Thu, 13th Feb 2025

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Thu, 13th Feb 2025" was published on February 12, 2025.

February 12, 2025 · Insurance News Wrap

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Summary

In this week's 'Weekly Insurance News Wrap', host Paige Estritori discusses the latest happenings in the insurance industry. Commercial insurance rates have experienced a significant drop in the last quarter of 2025, with the Australia-Pacific region leading the trend with an 8% decrease. In Perth, construction firm DBD Developments was fined for breaching insurance laws by starting a project without acquiring the required Home Indemnity Insurance. Furthermore, ISS Property Services in New South Wales has been subjected to strong action by the State Insurance Regulatory Authority (SIRA) after irregularities were found in their worker's compensation self-insurance system. The podcast concludes with a reminder to always stay aware of compliance regulations and to consider how these stories might impact your personal or business insurance situation.n

Episode Description

In this week's 'Weekly Insurance News Wrap', host Paige Estritori discusses the latest happenings in the insurance industry. Commercial insurance rates have experienced a significant drop in the last quarter of 2025, with the Australia-Pacific region leading the trend with an 8% decrease. In Perth, construction firm DBD Developments was fined for breaching insurance laws by starting a project without acquiring the required Home Indemnity Insurance. Furthermore, ISS Property Services in New South Wales has been subjected to strong action by the State Insurance Regulatory Authority (SIRA) after irregularities were found in their worker's compensation self-insurance system. The podcast concludes with a reminder to always stay aware of compliance regulations and to consider how these stories might impact your personal or business insurance situation.n

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