Tue, 15th Apr 2025

In this week's Insurance News Wrap, we cover ASIC's court case against Hollard Insurance for allegedly breaching utmost good faith during a prolonged claim handling. Also, we discuss imminent job cuts at Suncorp as the company plans to offshore some duties, prompting the Finance Sector Union to voice concerns over job security. The Australian Financial Complaints Authority emphasizes the need for accurate disclosures in insurance applications, following a trucking firm's claim denial due to misrepresentation. Finally, we dive into sport and insurance as Gow-Gates secures a two-year extension as the official broker for Football NSW. These stories highlight vigilance in claim settlements, the impact of industry restructuring on employment, importance of honesty in insurance applications, and the blend of sport and insurance in Australia. For more details, visit financialservicesonline.com.au.