Tue, 28th Jan 2025

This podcast summarizes key developments in the Australian insurance industry as of January 28, 2025. It discusses a probe by the ACT Legislative Assembly into rising insurance costs impacting businesses and community organizations, with a focus on workers' compensation and climate change impacts. The podcast also narrates a recent mandate on the insurer, Auto & General forcing it to apologize and provide compensation for overlooking a storm damage claim. Travelers are advised to ensure full coverage when taking out travel insurance. This comes after an Australian mans claim was rejected as his policy didnt cover his sister-in-laws pre-existing condition. Worries are rising over an "insurability crisis" caused by Grampians fires in Halls Gap, Victoria, highlighting the existential threat to businesses with no insurance and the possible destabilization of local economy. The information can be accessed on financialservicesonline.com.au.