Tue, 19th Aug 2025

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Tue, 19th Aug 2025" was published on August 18, 2025.

August 18, 2025 · Insurance News Wrap

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Summary

In this week's podcast, Paige Estritori discusses key insurance developments in Australia. The Insurance Council of Australia is supporting a new initiative in Victoria to fortify homes against climate change, echoing schemes in Queensland and New South Wales. An incident involving Hollard Insurance highlights details of refused claims when the in-car technology revealed two collisions instead of one, resulting in a denial of the claim due to the policy covering only single-event accidents. Another topic centers around the Australian Financial Complaints Authority ordering an insurance broker from the Community Broker Network to pay a client substantial damage costs and legal fees following fire damage to an uninsured commercial property. Lastly, the podcast covers concerns from the Australian Securities and Investments Commission about transparency among Financial Services Licence holders and possible regulatory initiatives to improve professional indemnity insurance transparency.

Episode Description

In this week's podcast, Paige Estritori discusses key insurance developments in Australia. The Insurance Council of Australia is supporting a new initiative in Victoria to fortify homes against climate change, echoing schemes in Queensland and New South Wales. An incident involving Hollard Insurance highlights details of refused claims when the in-car technology revealed two collisions instead of one, resulting in a denial of the claim due to the policy covering only single-event accidents. Another topic centers around the Australian Financial Complaints Authority ordering an insurance broker from the Community Broker Network to pay a client substantial damage costs and legal fees following fire damage to an uninsured commercial property. Lastly, the podcast covers concerns from the Australian Securities and Investments Commission about transparency among Financial Services Licence holders and possible regulatory initiatives to improve professional indemnity insurance transparency.

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