Thu, 2nd May 2024 - Insurance News Wrap

What this episode covers

In this podcast, Paige Estritori of Financial Services Online brings the latest news from Australia's insurance industry. The episode emphasizes the importance of transparency after an insurance claim was denied due to undisclosed criminal conviction. Further discussed is the need for changes to cyclone insurance subsidies by the Australian Consumers Insurance Lobby, with the aim to extend post-cyclone coverage, reduce high premiums for $20M+ properties, and more. Committees are currently discussing these proposed changes. Lastly, the podcast talks about challenges faced by Victorian residents post the 2022 floods. Issues of slow insurance processes and material shortages are highlighted, with a stronger call for improvement by insurers. More details will be provided in a comprehensive report due in July. The podcast rounds off reminding listeners to stay informed and insured.n

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Frequently Asked Questions

How long is this episode of Insurance News Wrap?

This episode is 3 minutes long.

When was this Insurance News Wrap episode published?

This episode was published on May 1, 2024.

What is this episode about?

In this podcast, Paige Estritori of Financial Services Online brings the latest news from Australia's insurance industry. The episode emphasizes the importance of transparency after an insurance claim was denied due to undisclosed criminal...

Can I download this Insurance News Wrap episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.