Fri, 28th Nov 2025

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Fri, 28th Nov 2025" was published on November 27, 2025.

November 27, 2025 · Insurance News Wrap

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Summary

In this week's Insurance News Wrap, Financial Services Online discusses key industry updates in the Australian insurance market. The CHU highlights a 2.8% uptick in strata insurance premiums in their new report, contrasting the 14% surge in standalone house insurance due to climate risks. Other issues like building defects and lithium-ion battery fires are also discussed. The Insurance Australia Group forecasts a 10% increase in their gross written premium for FY 2026, fueled by a successful FY 2025 and potential strategic acquisitions like RACQ's general insurance business. In other news, Chubb is now obligated to cover 30% of the loss in a revised ruling of a beauty therapist's water damage case, resulting from the intervention by the Australian Financial Complaints Authority. Lastly, ASIC aims to strengthen safeguards in dealing with insurance pricing, claims handling, and complaint processes.n

Episode Description

In this week's Insurance News Wrap, Financial Services Online discusses key industry updates in the Australian insurance market. The CHU highlights a 2.8% uptick in strata insurance premiums in their new report, contrasting the 14% surge in standalone house insurance due to climate risks. Other issues like building defects and lithium-ion battery fires are also discussed. The Insurance Australia Group forecasts a 10% increase in their gross written premium for FY 2026, fueled by a successful FY 2025 and potential strategic acquisitions like RACQ's general insurance business. In other news, Chubb is now obligated to cover 30% of the loss in a revised ruling of a beauty therapist's water damage case, resulting from the intervention by the Australian Financial Complaints Authority. Lastly, ASIC aims to strengthen safeguards in dealing with insurance pricing, claims handling, and complaint processes.n

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