Wed, 4th Sep 2024

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Wed, 4th Sep 2024" was published on September 3, 2024.

September 3, 2024 · Insurance News Wrap

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Summary

In this week's Financial Services Online podcast, Paige Estritori discusses key insurance news. Western Australia is facing a significant rise in insurance costs, particularly home, content, and motor insurance, stressing household budgets. Consumer advocates argue for annual premium caps and clearer communication from insurers. A 2014 Maserati GranTurismo owner learns the hard way about disclosure necessity after denied insurance claim for not reporting multiple speeding offenses. On a brighter note, insurers move focus to reducing household insurance losses, noted by increased net earnings, and positive gains in domestic motor insurance profits. The podcast ends with discussing Joel Mtebe's recent sentencing for insurance fraud in the UK. Fine details are available at financialservicesonline.com.au.

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