Fri, 14th Feb 2025
Insurance News Wrap
An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Fri, 14th Feb 2025" was published on February 13, 2025.
February 13, 2025 · Insurance News Wrap
Summary
In this episode of the Weekly Insurance News Wrap, the show touches on various stories from different corners of the insurance industry. Marsh's commercial price monitor showed a reduction in global insurance rates during the last quarter of 2025, with Australia-Pacific leading the trend with an 8% dip. In Western Australia, DBD Developments faced regulatory action for constructing without mandatory Home Indemnity Insurance, reminding the industry of the importance of securing HII for projects over $20K. In New South Wales, ISS Property Services came under scrutiny due to inconsistencies in their workers' compensation self-insurance system. The episode ends with emphasizing the diverse challenges the insurance sector experiences, the global shift in rates, industry integrity, and the critical importance of compliance to protect consumers and workers.
Episode Description
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