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Thu, 16th Jan 2025

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Thu, 16th Jan 2025" was published on January 15, 2025.

January 15, 2025 · Insurance News Wrap

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Summary

This episode of the Weekly Insurance News Wrap by Financial Services Online highlights key industry news from Australia and global insurance updates. Australian broker Jason Prasad from J&P Capital was recently punished for selling fraudulent builders' warranty insurance. This case serves as a reminder of the importance of vigilance, stressing the role of regulatory bodies like the State Insurance Regulatory Authority (SIRA) and icare in protecting consumer interests. In global news, Los Angeles is handling wildfires resulting in possibly over $20 billion USD in insured losses, with concerns over insurance gaps as insurers retreat from California's marketplace. The need for safer infrastructure planning against climate change is emphasised in response to the wildfires.

Episode Description

This episode of the Weekly Insurance News Wrap by Financial Services Online highlights key industry news from Australia and global insurance updates. Australian broker Jason Prasad from J&P Capital was recently punished for selling fraudulent builders' warranty insurance. This case serves as a reminder of the importance of vigilance, stressing the role of regulatory bodies like the State Insurance Regulatory Authority (SIRA) and icare in protecting consumer interests. In global news, Los Angeles is handling wildfires resulting in possibly over $20 billion USD in insured losses, with concerns over insurance gaps as insurers retreat from California's marketplace. The need for safer infrastructure planning against climate change is emphasised in response to the wildfires.

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