Thu, 30th Oct 2025

On the Financial Services Online news wrap, critical financial updates include a landmark ruling by the Australian Financial Complaints Authority (AFCA) favouring a restaurant over QBE Insurance in an arson insurance dispute despite the director's failure to disclose a criminal history. Insurance Australia Group has posted a 91% profit increase but warns of rising premiums due to climate risks. Spotlight intensifies on Commonwealth Bank over its loan approval to a problem gambler, reflecting concerns over responsible lending. Meanwhile, non-bank lender Rate Money is to reduce interest rates on select products, benefiting self-employed Australians and small businesses. These stories underline the importance for proper disclosure in insurance policies, risk mitigation, and responsible lending in the financial services sector.n