Tue, 15th Oct 2024

In this week's Insurance News Wrap, Paige Estritori covers deep concerns from Western Australia where homeowners struggle with recurring water leaks due to faulty Iplexs Pro-fit Typlex 1050 plumbing systems, causing insurance issues as insurers like RAC and QBE opt out of renewals. A legal dispute highlights the importance of understanding insurance contracts as an Australian homeowner battles with broker Aon over emergency tree removal coverage. Encouragingly, insurance companies are leading sustainability efforts with Capgemini's survey indicating a 30-point rise in financial services' sustainability index, with Australian firms outpacing international peers. Lastly, 360 Underwriting Solutions unveils '360 School Fee Protect', an inventive insurance cover for unpaid school fees, backed by Lloyds Syndicate 4444, providing financial stability for schools, even in challenging scenarios.