Fri, 7th Jun 2024

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Fri, 7th Jun 2024" was published on June 6, 2024 and runs 3 minutes.

June 6, 2024 ·3m · Insurance News Wrap

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Summary

On June 7th, Paige Estritori discusses key developments in the insurance world. Key topics include the 4% increase in worker's compensation premiums by WorkCover Queensland, intended to avoid sudden dramatic leaps and maintain the state's competitive edge. This follows a different route compared to NSW's sharp 8% increase. The program also touched on the NSW Supreme Court's decision to freeze Haneen Asfour's bank accounts due to fraud allegations connected to sham medical invoices. A shift in focus to IAG uncovers allegations around deceptive loyalty discounts, the subject of a Victorian Supreme Court class action that could impact over a million policyholders. Finally, the Australian Financial Complaints Authority criticised IAG's handling of a denied flood damage claim, ordering the insurance giant to compensate $5400 for non-financial losses. Visit financialservicesonline.com.au for more insurance news and services.n

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