Wed, 30th Jul 2025

This episode of 'Weekly Insurance News Wrap' highlights key issues across the Australian insurance industry. Topics include the New South Wales government pushing for workplace mental injury law reforms, potentially saving $6 million a day in compensation costs. However, critics argue the reforms could disqualify workers suffering from mental health issues from benefits. In other news, the Australian Financial Complaints Authority ruled against a travel insurance claimant seeking compensation for a changed flight schedule. This decision underscores the importance of understanding policy terms. The episode also discusses the ongoing financial strain faced by property owners in high-risk cyclone zones, despite a cyclone reinsurance pool, and explores fee-based insurance models as potential solutions. Finally, a case of a denied storm damage claim due to improper maintenance summarizes the importance of regular upkeep for insurance coverage.