Tue, 10th Dec 2024

In this episode of the Weekly Insurance News Wrap, we cover four key headlines in the finance industry. We first look at a lesson on maintaining up-to-date insurance policies, featuring a case where a long-standing IAG car insurance customers claim was denied due to a lapsed policy. Next, we discuss an innovative safe driving rewards program launched by AAMI that promotes safety measures and improving driving skills. We then address a disturbing rise in the number of Total and Permanent Disability claims in young working adults, particularly related to mental health issues. Finally, we bring attention to a fraud case in Western Australia where a bakery owner allegedly set her business on fire to claim insurance. This episode underscores the importance of policyholders' awareness and the continuous need for enforcing preventive measures and improving our support systems.