Thu, 20th Feb 2025

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Thu, 20th Feb 2025" was published on February 19, 2025.

February 19, 2025 · Insurance News Wrap

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Summary

In this week's insurance news recap, we discuss a landmark court ruling involving controversial exclusion clauses in disability claims. A homeowner insurance hike is affecting 1.6 million Australian households, with premiums increasing by 9% due to climate change worsening natural calamities. Additionally, there's a case where the Australian Financial Complaints Authority favored a policyholder over an insurer, IAG, on a stolen car claim, stressing the importance of solid evidence in fraud accusations. Lastly, we touch upon a hot topic – the ongoing debate over the removal of commission caps on risk insurance, a decision that could redefine life insurance advisement. Stay informed and make sound financial choices with Financial Services Online.n

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