Tue, 14th May 2024

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Tue, 14th May 2024" was published on May 13, 2024 and runs 2 minutes.

May 13, 2024 ·2m · Insurance News Wrap

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Summary

In this week's episode of Financial Services Online's Weekly Insurance News Wrap, host Paige Estritori discusses an Australian tourist who secured a $195,223 compensation from Lloyd's Insurance despite their initial refusal due to lack of pre-approval. The Australian Financial Complaints Authority backed the tourist, who had fallen severely ill in Thailand, asserting the urgent need for repatriation and the essence of the insurance industry — people over paperwork. Next, Club Marine, an Allianz subsidiary, has announced Tim Wiles as the new CEO. Starting his journey as a junior underwriter in 2007, Wiles is poised to drive Club Marine's stature as a leading recreational boat insurance provider towards market growth.

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