Wed, 6th Mar 2024

In this week's Insurance News Wrap, we covered the 3% rise in private health insurance premiums due to start in April. Health Minister, Mark Butler, ensured this aligns with the previous year's wage increase, benefitting Australians with private coverage. We also highlighted advancements in cyber insurance. Emergence Insurance is offering free advisory services for smaller businesses and tailor-made cybersecurity policies. In legal news, ASIC's stance against Youpla Group for deceptive Indigenous ownership claims was upheld by the Full Federal Court, marking a significant precedent. Finally, we featured a consumer advocacy story; after a four-year dispute, HDI Global Specialty was directed by the Australian Financial Complaints Authority to compensate a homeowner for poorly managed roof repairs. For more on these stories, visit financialservicesonline.com.au.