Wed, 12th Mar 2025

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Wed, 12th Mar 2025" was published on March 11, 2025.

March 11, 2025 · Insurance News Wrap

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Summary

On this week's episode of the Weekly Insurance News Wrap, we explore pivotal insurance stories affecting Australian consumers and businesses. We delve into a recent cybercrime case where an Australian company lost an insurance battle with AIG Australia due to fraudulent invoicing - a jarring reminder of the urgent need for expanded cyber insurance coverage. We then spotlight Australia Underwriting's innovative approach to handling high-risk coverage. We examine a ruling by the AFCA forcing Hollard to pay higher compensation for unresolved mould contamination. Lastly, we discuss the resistance to Opposition Leader Peter Dutton's plan to reduce insurance premiums, with industry experts advocating for better disaster preparedness, tax focus and improved service provision. Tune in for all this and more on the Weekly Insurance News Wrap, bringing you the most relevant happenings in the Australian insurance industry.

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