Tue, 5th Nov 2024

This week's episode of the Weekly Insurance News Wrap with Paige Estritori discusses key updates in the Australian insurance industry. Topics include the ACCC's call for further intervention on insurance affordability due to rising climate risks, the need for more transparent insurance practices, and the recent rulings by the AFCA. One such ruling held MetLife accountable in an income protection claim dispute, highlighting the importance of considering mental health issues in claims. Another case saw a landlord receiving less payout due to inaccurate insurance coverage on a vacant property. Lastly, a Perth gym owner's fake death insurance claim resulting in a three-year prison sentence serves as a severe reminder of the potential repercussions of fraudulent insurance activities.