Sun, 24th Nov 2024

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Sun, 24th Nov 2024" was published on November 23, 2024.

November 23, 2024 · Insurance News Wrap

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Summary

In this week's Financial Services Online podcast, Paige Estritori discusses various insurance news, including an Australian Financial Complaints Authority decision overruling Zurich Insurance's dismissal of an off-roader's accident claim. The podcast also covers the ongoing earthquake damages controversy in New South Wales, with over half of the 600 filed insurance claims reportedly rejected. As the Insurance Council of Australia grapples with AI policy regulations, there's an urgent call for a comprehensive set of rules, coupled with a 12-month transition period for new privacy provisions. Finally, results of an Australian Prudential Regulation Authority survey indicate that 90% of participants deem climate change an element that could significantly impact underwriting practices and demand data-driven remedies for the insurance sector's sustainability.

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