Tue, 19th Mar 2024

This week's Insurance News Wrap with Paige Estritori brings you key developments from Australia's insurance sector. There's a significant focus on reforms in government policy and insurance practices, encapsulating critical cases that could shape future procedures. Notably, the NSW government looks to replace the Emergency Services Levy due to its role in growing insurance costs. The proposed alternative suggests using anonymized insurance data to ensure a fair system. The House of Representatives is continuing its investigation of post-2022-flood insurance practices, inviting public participation and organizing visits to affected areas for first-hand insight. Lastly, a unique legal case highlights the importance of precise policy definitions and effective communication between insurers and clients, as a car owner stands against Suncorp's drug-induced driving exclusions. For in-depth analysis of these stories and more, visit financialservicesonline.com.au.n