Wed, 9th Jul 2025

In this week's Insurance News Wrap, major events included a denial of an insurance claim related to an asbestos-contaminated mulch scare due to contamination exclusions policy, underscoring the importance of businesses reviewing their insurance frameworks. A NSW case has potential implications for future caretaking expenses in injury claims, as compulsory third-party insurers may be required to cover additional 'reasonable and necessary' services. Also, controversy arose with the Tasmanian Government's proposal for an expanded state-run insurance entity, spurring industry concerns over potential market destabilization. Finally, the Insurance Council of Australia advocated for stricter maintenance and transparency regulations in the Australian Capital Territory to enhance building management practices and safety measures for e-scooter users. The Wrap emphasizes the dynamic nature of the insurance sector and the need to stay informed.n