Thu, 31st Oct 2024

In this episode of Financial Services Online Daily, we delve into notable financial news in Australia. Topics include the jail sentence of a gym owner, Karen Salkilld, for defrauding insurance firm TAL by faking her own death; a reminder for motorists about the absolute necessity of locking doors for car theft coverage, evidenced by a denied insurance claim due to unlocked car during a robbery; a landmark tribunal decision in South Australia that affirms workplace safety, even for remote working, as seen in the approved claim of an employee who sustained an injury at her home office; and lastly, a considerable increase in scam reports in Australia. Chief Ombudsman David Locke emphasizes the need for efficient resolutions to these fraud cases and urges a more customer-friendly approach amidst rising insurance premiums and hardship assistance issues.