Insurance News Wrap

In this episode, host Paige Estritori discuses critical changes in the Australian insurance industry. There is increasing focus on mental health coverage in the life and disability sectors, with a recent review by Peter Kell advocating for improved customer protection, clearer policies, and better communication. With mental health claims rising, Australians must scrutinize their policies for poten...

This episode of the Weekly Insurance News Wrap discusses important insurance-related developments. The episode begins with PSC Insurance Brokers making a significant investment in MA Insurance Brokers, highlighting the importance of expert advice in transport insurance. In the trade arena, QBE Insurance's plans to discontinue its standalone office and trade pack products call for caution during po...

This podcast by Paige Estritori for Financial Services Online provides vital insurance news for the week. It discusses the rising support in Australia for a shift from fuel excise to a distance-based model for road user charging, highlighting the potential impacts on truck operators and emphasizing the growing role of data in transport costs. Attention is brought to recent Australian Financial Com...

This podcast covers key updates and advice for the Australian insurance industry. Topics include the unclear cost differences between annual and installment payments for tradespeople's insurances, recent fines for Mercer Super due to member service issues, and the detection of the H5 bird flu in migratory seabirds in New South Wales and Western Australia that warrants biosecurity review by farm op...

This episode of the Weekly Insurance News Wrap features a comprehensive review of strata insurance broking by the National Insurance Brokers Association due to transparency and governance concerns. In light of findings from a large-scale investigation, the episode emphasizes the need for improved standards in the sector, including detailed broker agreements and transparent fee disclosures. In addi...

In this week's Australian insurance news wrap, the Australian Prudential Regulation Authority (APRA) will be publishing cyber insurance and management liability data for increased transparency. Meanwhile, New South Wales is questioning the affordability of the Emergency Services Levy. The Insurance Council of Australia is advocating for a fairer distribution of emergency services costs. Also, PSC...

In this week's insurance news in Australia by Financial Services Online, PSC Insurance Brokers' investment in MA Insurance Brokers shows a trend towards sector specialisation with potentially better tailored options for transport operators. The Australian Financial Complaints Authority highlighted the importance of careful reading of insurance policy details with a case denied over precise policy...

In this edition of the Weekly Insurance News Wrap, host Paige Estritori presents key updates from the insurance industry. A primary focus is the independent review of Australia's Life Insurance Code of Practice by Peter Kell, emphasizing mental health fairness and claims handling reform. With 85 recommendations, the report signifies potential shifts in industry standards and insurer obligations. F...

On Financial Services Online Weekly Insurance News Wrap, Paige Estritori discusses new developments in the insurance sector. The Insurance Council of Australia has redrafted the General Insurance Code of Practice, with a focus on expert reports, cash settlements and claims standards. However, certain coverages, such as liability and workers' compensation, may be excluded from its provisions. AI ri...

This episode of the Weekly Insurance News Wrap explored artificial intelligence's growing relevance in Australian boardrooms, as posited by Clyde & Co's Corporate Risk Radar 2026. The report stresses on strengthening AI governance and scrutinizing insurance policies for AI-related exclusions. Additionally, Vero Insurance debuted a residential strata insurance product in select northern regions, in...

This week's Financial Services Online podcast with Paige Estritori covers significant events in the Australian insurance industry. There are major takeaways from a ruling involving QBE where a business received a lower payout due to a policy's portable items limit. Tradespeople are urged to scrutinize policy specifics and maintain clear records. A shift in focus is signified by a Full Federal Cour...

In this week's episode of Financial Services Onlines Weekly Insurance News Wrap, host Paige Estritori discusses key industry topics. The Full Federal Court's ruling on policy wording concerning HCF Life stressed the need for precise policy wording and consumer knowledge. Home and business owners grappling with high cyclone insurance premiums may find relief as the ACCC's report indicates premium r...

This episode of the Weekly Insurance News Wrap, hosted by Paige Estritori, discusses recent changes in the insurance sector. Featured topics include service delays in the life insurance sector, the new draft of the General Insurance Code of Practice from the Insurance Council of Australia, which aims to improve customer protection, and its potential impacts on boat insurance. The episode also cove...

In this episode of the Weekly Insurance News Wrap, host Paige Estritori discusses major advancements in the Australian insurance industry, including a draft General Insurance Code of Practice unveiled by the Insurance Council of Australia. The draft proposes key obligations that will be legally enforceable, including automatic acceptance of certain claims after 12 months, diamond standard standard...

In the latest episode of Financial Services Online's Weekly Insurance News Wrap, host Paige Estritori discusses key Australian insurance industry happenings. She first addresses the New South Wales budget's impact on the Emergency Services Levy, creating increasing premiums and resultant calls for reform. The reforms seek to develop a property-based system for better fairness and affordability, es...

This week on Financial Services Online's podcast with Paige Estritori, important updates in Australia's national insurance landscape are discussed. The Heavy Vehicle National Law is seeing major changes, placing emphasis on safety, driver fitness, and risk management. Evidence-based policies and insurance are more tightly linked now and proactive risk management is key. The Victorian government is...

In this week's episode of Weekly Insurance News Wrap, host Paige Estritori discusses the reform of Victoria's owner corporation, which questions strata insurance commissions and aims to promote transparency in insurance costs. The government, however, is cautious about this change due to concerns over potential cost shifts and possible downturns in advice provision. Meanwhile, the General Insuranc...

In this week's episode of the Financial Services Online podcast, host Paige Estritori gives an update on the Australian insurance industry with key highlights including a significant review of the General Insurance Code of Practice that could revolutionize practices for Australian tradespeople, enhanced benefits claims processing urged by ASIC to help families during times of bereavement, rising r...

This episode of 'Weekly Insurance News Wrap' by Financial Services Online provides important updates on Australia's insurance industry. First, a major change in general insurance practice is expected with a thorough review of the Insurance Code offering over 100 recommendations. Particularly, Tradies could benefit from improved claims management, fair settlements, and efficient dispute resolution....

In this week's Insurance News Wrap, Paige Estritori explores important updates and trends in the insurance industry. The consultant sector is urged to prioritize insurance renewals, due to code breaches stemming from lapses in brokers' practices. The construction sector is revolutionizing project tracking and insurance using Geographic Information Systems (GIS) bringing precision to risk managemen...

This Financial Services Online podcast, hosted by Paige Estritori, offers key insights into recent developments in the insurance industry. Stressing the importance of timely insurance renewals, Estritori highlights possible consequences for Australian consultants in case of missed renewals due to broker code breaches. The podcast also looks at Australia's construction industry's use of Geographic...

This podcast episode discusses significant recent events in the Australian insurance industry. It covers NRMA's impending exit from the farm insurance market urging farmers to reassess their coverage with new providers; Sterling Insurance's new professional indemnity binding authority with Lloyd's, providing Australian brokers more control over products and prices for specialised risk sectors; Aus...

This episode of 'Weekly Insurance News Wrap' presented by Paige Estritori involves key developments within Australia's insurance sector. Major points include NRMA's decision to exit the farm insurance market and the implications for Australian farmers, especially the need to align with providers focused on agricultural coverage. Sterling Insurance has expanded its professional indemnity offerings...

In the podcast, Paige Estritori discusses key developments in Australia's insurance industry. Sterling Insurance has secured a professional indemnity binding authority with Lloyd's, offering better control over products and prices to brokers and expanding to cover sectors like design, construction, and training providers. Insurtech firm Cohabit launched a digital platform to manage strata insuranc...

In this week's Insurance News Wrap, we discuss the Australian Government's new $27 million Drought Resilience Fund aimed at mitigating future drought impacts and enhancing regional community support. This encompassed cultivation of drought-resistant crops, water-secure infrastructures, and mental health services. Elsewhere, Insurance Australia Group (IAG) announced the successful integration of RA...