Wed, 27th Mar 2024

The Insurance News Wrap discusses NRMA Insurance's notice of a significant rise in weather-related claims throughout the summer, with New South Wales seeing the highest number. The show also covers a positive Federal Court decision for Auto & General which held its policy clause requiring policyholders to notify of significant changes in coverage. Meanwhile, brokers face challenges with around three hours daily spent on paperwork, according to the 'Brokering Change' study. The study also reveals that only 28% of brokers believe they would receive high customer ratings and only 25% felt adequately equipped last year. Finally, CFC introduces an innovative Carbon Delivery Insurance, potentially bolstering the confidence in a carbon credit market that is expected to be worth $1 trillion by 2050.n