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Thu, 6th Jun 2024

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Thu, 6th Jun 2024" was published on June 5, 2024 and runs 3 minutes.

June 5, 2024 ·3m · Insurance News Wrap

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Summary

In this episode of Financial Services Online's Weekly Insurance News Wrap, Paige Estritori covers significant developments in Australia's insurance sector. There's a moderate 4% increase in WorkCover Queensland's Workers' Compensation premiums attempting to avoid sharp spikes; the move still keeps Queensland competitive despite challenges like the rise in mental injury claims. Meanwhile, New South Wales grapples with an 8% premium increase. Estritori also touches on a case of fraudulent insurance claims by Haneen Asfour, accused of illicitly accumulating over $380k post a car accident. Other major points include two allegations against insurance giant IAG - one a class action over alleged deceptive loyalty discounts, and the second, AFCA's order to reassess a rejected flood damage claim. The episode sums up both lessons and insights from the week's happenings in the insurance industry.

Episode Description

In this episode of Financial Services Online's Weekly Insurance News Wrap, Paige Estritori covers significant developments in Australia's insurance sector. There's a moderate 4% increase in WorkCover Queensland's Workers' Compensation premiums attempting to avoid sharp spikes; the move still keeps Queensland competitive despite challenges like the rise in mental injury claims. Meanwhile, New South Wales grapples with an 8% premium increase. Estritori also touches on a case of fraudulent insurance claims by Haneen Asfour, accused of illicitly accumulating over $380k post a car accident. Other major points include two allegations against insurance giant IAG - one a class action over alleged deceptive loyalty discounts, and the second, AFCA's order to reassess a rejected flood damage claim. The episode sums up both lessons and insights from the week's happenings in the insurance industry.

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