Tue, 23rd Jul 2024

On this week's Insurance News Wrap, Paige Estritori discusses a study revealing 78% of Queensland renters lack contents insurance, putting them at significant financial risk. She covers RACQ Insurance's urge for increased educational initiatives about affordable insurance options for renters. Estritori also reports on a record fine issued to Aycon Constructions by the Victorian Building Authority for falsifying insurance certificates, illustrating the need for consumers to verify builders' registrations and insurance policies. In international insurance business, she highlights Liberty Mutual Insurance Group's unit, LM Re, launching a dedicated Australian branch, signaling a growth plan for Australia and New Zealand. Lastly, she discusses HCF's decision to expand its insurance offerings in collaboration with Allianz, which aims to address affordability concerns for the Australian non-profit health fund's near two million members.n