Tue, 3rd Jun 2025

This week's Insurance News Wrap delves into key events impacting the insurance industry, notably for an Australian audience. In the UK, rising veterinary costs have led to record pet insurance payouts of £1.23 billion, a 4% increase from last year. Back home, the recent floods in New South Wales have prompted discussions about insurance shortfalls and flood coverage inadequacies. Over 6,000 claims have been filed, leading to calls for policy reform and infrastructural improvements. Additionally, the NSW Premier and Federal Financial Services Minister are urging insurance companies to expedite flood claim processes. Lastly, a case involving a female footballer denied physiotherapy coverage by AIG Australia reminds listeners of the importance of understanding policy terms. Expect discussions on personal and business insurance in future episodes.n