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Mon, 13th Oct 2025

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Mon, 13th Oct 2025" was published on October 12, 2025.

October 12, 2025 · Insurance News Wrap

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Summary

On this episode of the Weekly Insurance News Wrap, we discuss critical news impacting the Australian insurance industry. We cover a shocking case from New Zealand about a former broker, Murray McClune, sentenced for embezzling $NZ1.7 million from his clients. In Australia, state insurer icare is investigating potential underpayments in workers compensation claims, affecting around 9,400 claims. In the health insurance sector, mental health-related claims are dramatically increasing and now make up nearly one-third of all TPD claims. This episode also highlights ongoing legal action initiated by ASIC against Australian Super for prolonged delays in death benefit claims. The coverage concludes with a reminder for superannuation members to carefully review their fund's policies.

Episode Description

On this episode of the Weekly Insurance News Wrap, we discuss critical news impacting the Australian insurance industry. We cover a shocking case from New Zealand about a former broker, Murray McClune, sentenced for embezzling $NZ1.7 million from his clients. In Australia, state insurer icare is investigating potential underpayments in workers compensation claims, affecting around 9,400 claims. In the health insurance sector, mental health-related claims are dramatically increasing and now make up nearly one-third of all TPD claims. This episode also highlights ongoing legal action initiated by ASIC against Australian Super for prolonged delays in death benefit claims. The coverage concludes with a reminder for superannuation members to carefully review their fund's policies.

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