Wed, 24th Sep 2025

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Wed, 24th Sep 2025" was published on September 23, 2025.

September 23, 2025 · Insurance News Wrap

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Summary

In this episode, Paige Estritori discusses key updates in the insurance industry, citing major upcoming reforms under the Age Care Act that could affect liability insurance and urging necessary policy adjustments. She shifts focus to RACQ Insurance, who is charged by ASIC for misleading premium comparisons, underscoring the importance of transparency. The podcast also recounts Suncorp's recent order to compensate homeowners in a flexi-pipe damage dispute, highlighting the need for comprehensive insurance assessments. Lastly, the possible impacts of climate change on the insurance sector are addressed, with Australia's first National Climate Risk Assessment and Adaptation Plan emphasizing the need for emissions reduction, and warning of increased insurance claims due to natural disasters. The governments planned strategies for community resilience and strategic relocations are also discussed.

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