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Thu, 29th Feb 2024

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Thu, 29th Feb 2024" was published on February 29, 2024 and runs 3 minutes.

February 29, 2024 ·3m · Insurance News Wrap

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Summary

This week's Insurance News Wrap includes the victory of a small northern NSW butcher over QBE Insurance following a dispute over stock spoilage during the Northern Rivers floods. Regulatory changes have led to a 36% fall in life insurance coverage through super funds, resulting in fewer Australians having this safeguard and a loss of A$655 million in death benefit claims in the last fiscal year. A ruling against Medibank's efforts to halt a probe into a significant data breach reiterated the importance of privacy. Lastly, icare's overhaul of its workers' compensation scheme in NSW introduces a transparent, choice-driven system where businesses select their claims service providers from a pre-approved list, an improvement from the 2017 criticized system.n

Episode Description

This week's Insurance News Wrap includes the victory of a small northern NSW butcher over QBE Insurance following a dispute over stock spoilage during the Northern Rivers floods. Regulatory changes have led to a 36% fall in life insurance coverage through super funds, resulting in fewer Australians having this safeguard and a loss of A$655 million in death benefit claims in the last fiscal year. A ruling against Medibank's efforts to halt a probe into a significant data breach reiterated the importance of privacy. Lastly, icare's overhaul of its workers' compensation scheme in NSW introduces a transparent, choice-driven system where businesses select their claims service providers from a pre-approved list, an improvement from the 2017 criticized system.n

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