Thu, 8th Jan 2026

This episode of the Weekly Insurance News Wrap looks into recent happenings within the Australian insurance industry. Starting with Elders Insurance's warning on impending storm risks that greatly affect farming productivity and lead to expensive claims from damage, especially during the summer season. It emphasized the need for contingency plans to safeguard farming infrastructure. The show also highlighted WFI Insurance's initiative in partnership with AgCarE, which offers reduced premiums to farmers adopting sustainable agricultural practices through their certification. Conversely, climate change continues to impact the insurance industry, with IAG reporting increased home insurance premiums due to escalating extreme weather instances, such as bushfires and hailstorms. The episode concludes with a call for resilient strategies and collaboration to maintain affordable and sustainable insurance amidst these challenges.