Wed, 15th Jan 2025

In this week's 'Weekly Insurance News Wrap', host Paige Estritori discusses pertinent insurance events. From a fraudulent insurance case in Australia where broker Jason Prasad was sentenced for selling fake builders warranty insurance, warning consumers about necessary vigilance in purchases, to the catastrophic wildfires in Los Angeles, anticipating insurance losses of up to $20 billion USD - the highest worldwide from such disasters. These incidents illuminate the importance of understanding one's insurance options, and the overall significance of comprehensive regulation in the industry to protect consumers. The podcast also highlights the global concerns of climate change, insisting on a need for improvements in infrastructure, better planning, and serious actions from insurance, environmental, and urban planning sectors.