Tue, 3rd Mar 2026

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Tue, 3rd Mar 2026" was published on March 2, 2026.

March 2, 2026 · Insurance News Wrap

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Summary

On this week's Weekly Insurance News Wrap, the Australian Trucking Association expressed concerns over Productivity Commission's proposal to increase fuel taxes for trucks, cautioning it may elevate goods prices for consumers. Catastrophe data provider PERILS revised storm loss estimates in Queensland and New South Wales upwards, highlighting the importance of comprehensive insurance cover amid an uncertain climate future. 2025 data showed a 14% increase in financial complaints in Australia, with issues tied to superannuation and misleading product information taking a significant rise. Lastly, the farming sector is searching for alternative insurance solutions following NRMA Insurances withdrawal from offering farm insurance policies, emphasizing the crucial need for farmers to reassess their insurance strategies.

Episode Description

On this week's Weekly Insurance News Wrap, the Australian Trucking Association expressed concerns over Productivity Commission's proposal to increase fuel taxes for trucks, cautioning it may elevate goods prices for consumers. Catastrophe data provider PERILS revised storm loss estimates in Queensland and New South Wales upwards, highlighting the importance of comprehensive insurance cover amid an uncertain climate future. 2025 data showed a 14% increase in financial complaints in Australia, with issues tied to superannuation and misleading product information taking a significant rise. Lastly, the farming sector is searching for alternative insurance solutions following NRMA Insurances withdrawal from offering farm insurance policies, emphasizing the crucial need for farmers to reassess their insurance strategies.

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