Tue, 18th Feb 2025

In this week's episode, Paige Estritori from Financial Services Online discusses rising insurance premiums affecting 1.6 million Australian households as a result of climate change-induced severe weather events. The episode also covers a landmark decision by the Australian Financial Complaints Authority ruling in favor of a policyholder in a motor insurance dispute despite initial doubts from the insurance provider, IAG. Finally, the episode explores ongoing debates around risk insurance cap limitations, with some proposing alternative commission models. These topics underline the impacts of climate change on insurance costs, the need for fairness in claims processing, and the contentious future of the financial advisory model. Tune in for up-to-date insights into these critical insurance industry issues.