Sat, 1st Mar 2025

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Sat, 1st Mar 2025" was published on February 28, 2025.

February 28, 2025 · Insurance News Wrap

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Summary

In this week's Weekly Insurance News Wrap from Financial Services Online, key updates include the Coalition's pre-election pledge to ease capital and compliance costs in the insurance sector, a move supported by the Insurance Council of Australia. This aims to improve consumer access to insurance and address the industry's billion-dollar compliance burdens. Scrutiny is also raised on New South Wales' proposal to combat claims farming, with calls for more robust measures. Lastly, the Insurance Council proposes a $30.15 billion, ten-year defense plan in response to recurrent flooding in Australia, aiming for better flood infrastructure, home protections, and proactive measures, but faces political dissent. Join Paige Estritori for deeper insights into these stories.n

Episode Description

In this week's Weekly Insurance News Wrap from Financial Services Online, key updates include the Coalition's pre-election pledge to ease capital and compliance costs in the insurance sector, a move supported by the Insurance Council of Australia. This aims to improve consumer access to insurance and address the industry's billion-dollar compliance burdens. Scrutiny is also raised on New South Wales' proposal to combat claims farming, with calls for more robust measures. Lastly, the Insurance Council proposes a $30.15 billion, ten-year defense plan in response to recurrent flooding in Australia, aiming for better flood infrastructure, home protections, and proactive measures, but faces political dissent. Join Paige Estritori for deeper insights into these stories.n

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