Thu, 20th Feb 2025

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