Sun, 30th Mar 2025

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Sun, 30th Mar 2025" was published on March 29, 2025.

March 29, 2025 · Insurance News Wrap

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Summary

In this week's Insurance News Wrap, AFCA rules in favour of owners in a lift vandalism dispute, setting a vital insurance precedent. The New South Wales Government takes a stand against claim farming with a new proposed bill aimed to deter exploitative practices. The Royal Automobile Association of South Australia partners with Duck Creek for a major technology overhaul, set to greatly improve their motor and home insurance systems. Lastly, Australian insurers face criticism for rejecting recommendations to abolish damaging pricing tactics, namely 'poverty premiums' and 'loyalty taxes'. For further updates on the Australian insurance industry, visit financialservicesonline.com.au.

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