Wed, 4th Mar 2026

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Wed, 4th Mar 2026" was published on March 3, 2026.

March 3, 2026 · Insurance News Wrap

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Summary

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.

Episode Description

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.

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