Tue, 13th Jan 2026

In this episode of Financial Services Online's Daily News Wrap, Paige Estritori discusses critical updates affecting the financial sector. Highlighting the Australian Insurance Council's (ICA) call for revisions in the civil liability laws stagnant for 25 years, due to spiraling public liability insurance costs, Estritori points out the Council's efforts towards building a sustainable market and legal framework. She also details significant rulings by the Australian Financial Complaints Authority (AFCA), emphasizing clear communication within the insurance industry and demanding companies like QBE Insurance to honor claims in light of undisclosed information. Lastly, the show notes the challenges posed by surging insurance premiums, with 80% of businesses in New South Wales recording double-digit increases, and the efforts towards insurance taxation reform. This episode aims to inform consumers and especially business owners, on important insurance and finance matters.