Wed, 20th Mar 2024

This week's Weekly Insurance News Wrap presented by Paige Estritori features key insights from the insurance industry. APRAs Sean Carmody emphasizes the need for practical solutions to severe weather challenges and protection gaps. In New South Wales, the state government explores adjusting the emergency services funding model to potentially lower insurance costs. The House of Representatives Standing Committee on Economics is conducting an inquiry into the aftermath of the 2022 floods, calling for public narratives from affected communities. Lastly, a recent case against insurer Suncorp underscored the importance of clarity in policy wording after the Australian Financial Complaints Authority categorized a disputed car accident as theft. The Weekly Insurance News Wrap continues to provide updates on news and trends in the insurance industry.