Fri, 27th Sep 2024

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Fri, 27th Sep 2024" was published on September 26, 2024.

September 26, 2024 · Insurance News Wrap

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Summary

In this week's Financial Services Online podcast, Paige Estritori covers several important topics in Australia's insurance industry. Firstly, the Federal Court's decision to dismiss group business interruption claims related to COVID-19, urging policyholders to file claims individually instead. Secondly, AAMI's Decade of Driving report highlights road safety issues, revealing that male drivers and those over 65 are involved in most accidents. Friday afternoon is the most common time for accidents, with Melbourne's Plenty Road named the most accident-prone location. Thirdly, Tower's reinsurance sector expands its catastrophe coverage, anticipating lower reinsurance costs. Lastly, Build America Mutual enters the Australian market to bolster infrastructure projects, offering affordable solutions with an expected investment increase, lowered costs, and enhanced market access.

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