Thu, 26th Sep 2024

This weeks Insurance News Wrap looks at significant happenings in the insurance industry. The Federal Court dismissed class actions against four insurers for COVID-19 business interruption claims, mandating policyholders to file individual claims. The AAMI's Decade of Driving Report sees Australias male drivers cause 54% of road accidents, while the over 65s contribute 26%. The report calls for ongoing safe driving education. Tower, the reinsurance company, intends to increase its catastrophe coverage from 750 million to 800 million New Zealand dollars. Build America Mutual extends its reach to Australia and New Zealand to support nearly 300 billion dollars anticipated for infrastructure projects over the next five years. All these and more are covered in this episode of Weekly Insurance News Wrap with Paige Estritori.n