Wed, 2nd Jul 2025

In this episode of Financial Services Online's Weekly Insurance News Wrap, host Paige Estritori covers major updates in the insurance industry. She discusses strategic changes at ClearView, such as the appointment of Peter Tilocca as the new Head of Underwriting and the revisions in medical underwriting frameworks to simplify procedures for coverage sums under two million dollars. Updates also include refining trauma definitions in their ClearChoice and LifeSolutions products. Also spotlighted are significant rulings by the Australian Financial Complaints Authority (AFCA). The first ruling favored a policyholder against insurance provider IAG, highlighting scrutiny needed for insurance claims in relation to home businesses. The second verdict upholds RACQ Insurance's denial of a claim due to discovered inconsistencies, underscoring the importance of honesty and thorough verification in insurance transactions.n