Tue, 11th Mar 2025

On this week's edition of the Weekly Insurance News Wrap, host Paige Estritori covers noteworthy events in the Australian insurance industry. The discussion highlights a recent ruling by the Australian Financial Complaints Authority (AFCA) against the insurer Hollard in a mould contamination dispute. Despite Jack Hollard's efforts, mould issues continued, and Hollard's remediation methods were criticised. AFCA demanded a revised compensation inclusive of home damages and expert fees. Also, there's a synopsis of the ongoing debate about breaking up insurers to reduce premiums. Key industry figures argue that the focus should be on enhanced disaster readiness and modifications in tax structures rather than industry restructure. These issues reflect the complex ecosystem of the insurance industry, encompassing home repair and disaster preparedness, requiring the involvement of various stakeholders. Join Paige Estritori next Tuesday for further insurance industry analysis on Financial Services Online.