Thu, 28th Mar 2024

In this episode, Paige Estritori discusses the surge in weather-related insurance claims experienced this summer, with nearly 85% due to storms and hail. The most affected regions were New South Wales, Queensland, and the Australian Capital Territory. Paige highlights the need for Australians to take preventive measures against extreme weather. The podcast also reports on a Federal Court ruling confirming that policyholders only need to report significant changes to their auto insurance coverage. Additionally, a survey reveals that insurance brokers are spending over three hours a day on administrative tasks, indicating a need for industry technological advancements. Lastly, the episode features the launch of the innovative Carbon Delivery Insurance by CFC, which marks a significant step forward in environmental finance. For more updates, visit financialservicesonline.com.au.