Wed, 4th Mar 2026

In this week's Financial Services Online Insurance News Wrap, the Australian Trucking Association opposes the proposed phasing out of fuel tax credits, which may cause a significant rise in fuel taxes and increase prices for goods, affecting particularly small trucking companies and rural exporters. In another story, the catastrophes data provider PERILS reports a revised loss estimate of AU$2.95 billion for the November 2025 storms in Queensland and New South Wales, a rise of 11% from the original estimate. Customers are being encouraged to ensure comprehensive coverage to mitigate future severe and frequent natural disasters due to climate change. The Australian Financial Complaints Authority reported a 14% increase in complaints in 2025, suggesting a need for greater transparency in financial institutions. Finally, following NRMA Insurance's exit from the farm insurance sector, policyholders are being urged to look elsewhere for coverage.