Insurance News Wrap

This podcast discusses insurance news from Financial Services Online, featuring topics on community consultations, political action requests by the Insurance Council of Australia (ICA), and legal rulings affecting insurance companies. The ICA leads a unique initiative in Casterton, providing not merely financial relief but real support to homeowners affected by severe storms. Heading towards the f...

In this week's episode of Financial Services Online's Insurance News Wrap, host Paige Estritori reports on the Insurance Council of Australia's (ICA) compassionate outreach to storm-struck Casterton, offering a scheduled community consultation and information session to simplify claim procedures and recovery strategies for the residents. She also discusses ICA's advocacy for robust risk reduction...

In this episode of the Weekly Insurance News Wrap, Paige Estritori discusses industry developments amid the upcoming Australian federal election. The Insurance Council of Australia is pushing for extensive risk reduction measures, headlined by a $30bn flood protection fund, to combat an apparent disregard for such strategies in the recent federal budget. Significant legal news includes substantial...

In this episode, host Paige Estritori unpacks key updates in the Australian insurance industry. There's a focus on major rulings that highlight the gravity of consumer trust and regulations, with hefty fines administered to Allianz Australia Insurance and AWP Australia by the Supreme Court of New South Wales for misleading online financial product claims. Chubb Insurance also takes a blow as the A...

In this podcast, host Paige Estritori explores a variety of prevalent issues and updates in the Australian insurance industry. The Australian Financial Complaints Authority favored an apartment block in a case against Chubb Insurance regarding vandalism-related water damage repairs. Moreover, the New South Wales Government introduced the Claim Farming Practices Prohibition Bill 2025 to eradicate t...

The latest episode of 'Weekly Insurance News Wrap' brought crucial updates on Australia's insurance industry. There was a landmark ruling against Chubb Insurance by the Australian Financial Complaints Authority, forcing them to replace vandalized hoist ropes in an apartment block that suffered water damage. The NSW Government proposed a bill to counteract 'claim farming', an unethical practice pre...

In this week's Insurance News Wrap, AFCA rules in favour of owners in a lift vandalism dispute, setting a vital insurance precedent. The New South Wales Government takes a stand against claim farming with a new proposed bill aimed to deter exploitative practices. The Royal Automobile Association of South Australia partners with Duck Creek for a major technology overhaul, set to greatly improve the...

In the latest weekly edition of Financial Services Online's insurance news, Paige Estritori discusses decisions and developments in the Australian Insurance sector. Coverage includes the significant case involving the Australian Financial Complaints Authority (AFCA) and Chubb Insurance. The case, stemming from disputed repairs to water damage following vandalism, ended with AFCA ruling in the apar...

This week on Financial Services Online, Paige Estritori discusses major insurance news. The Australian Financial Complaints Authority ruled in favor of property owners in a lift vandalism dispute against Chubb Insurance, a decision set to impact future similar cases. Meanwhile, the New South Wales government targets claim farming by introducing the Claim Farming Practices Prohibition Bill 2025, wh...

This episode of Financial Services Online deals with critical issues playing out in Australia's insurance sector. It discusses consumer advocacy groups' critique of insurance companies over practices like 'poverty premiums' and 'loyalty taxes'. Following this, the episode looks at an appeal by the Insurance Council of Australia (ICA) CEO, for government involvement to control escalating motor insu...

In this episode of "Weekly Insurance News Wrap", Paige Estritori dissects the biggest insurance industry trends. Estritori reports a substantial rise in motor insurance premiums, a 42% increase since 2019, inciting an urgent call for governmental intervention from the Insurance Council of Australia. Proposed remedies include addressing labour shortages, enhancing supply chain resilience, regulatin...

In this edition of the Weekly Insurance News Wrap, host Paige Estritori discusses key updates from the Australian insurance industry. A significant rise in nationwide car theft claim costs, nearly doubling since 2015 and reaching $428 million last year, is alarming insurers and consumers. Interestingly, this increase coincides with a 26% rise in vehicle policies and greater car values and repair c...

This episode of Financial Services Online's Weekly Insurance News Wrap discussed three main topics. First, it highlighted a report showing an alarming rise in car theft claims, particularly in Queensland and Victoria. The number of claims nearly doubled from $218 million in 2015 to $428 million in 2025, largely because of increased vehicle values and repair costs. Second, the episode discussed a d...

On this episode of Weekly Insurance News Wrap, Paige Estritori discusses several key developments in insurance. The Australian Financial Complaints Authority (AFCA) denied compensation to an uninsured motorist who collided with a QBE-insured vehicle, emphasizing the importance of full vehicle coverage and safe driving. The Australian Consumers Insurance Lobby proposes insurers allocate $250 millio...

In this episode, Paige Estritori brings us the latest from the Australian insurance industry, including a dispute between QBE Insurance and an uninsured driver. The Australian Financial Complaints Authority ruled in favor of QBE, concluding that the uninsured driver didn't maintain a safe driving distance, causing the accident. Meanwhile, the Australian Consumers Insurance Lobby pushes for a signi...

In this episode of Financial Services Online's Insurance News Wrap, Paige Estritori discusses key developments in the insurance industry. She covers recent AFCA rulings on a vehicle collision involving QBE Insurance and an uninsured driver, and a fraud case concerning inflated property claims. The episode also discusses issues of consumer advocacy, namely the Australian Consumers Insurance Lobby's...

This week's edition of the Weekly Insurance News Wrap covers the latest updates from Australia's insurance industry. Key topics discussed include: the Australian Consumers Insurance Lobby's proposal for insurance firms to pool resources for a $250 million annual disaster risk mitigation fund, which they argue could aid high-risk areas, provide premium relief, and restore public trust; an update on...

This podcast hosted by Paige Estritori covers key happenings in the Australian insurance industry. The Australian Consumer Insurance Lobby (ACIL) proposes insurers set aside an annual $250 million budget for risk mitigation and insurance accessibility improvement, particularly in high-risk areas. This initiative complements the Insurance Council of Australia's $30 billion flood defense scheme. In...

In this week's episode, Paige Estritori presents the Weekly Insurance News Wrap from Financial Services Online. The segment opens with a case of insurance fraud handled by the Australian Financial Complaints Authority, involving a fabricated rental claim after a storm, underlining the severe consequences of dishonest claims. The podcast then shifts to discuss advances in Australias insurtech secto...

In this weekly digest of Australian insurance news, highlights include AFCA's support for QBE's reversal of a fraudulent rental claim payout. The fraud detection has reinforced the need for honesty in insurance claims. Elsewhere, Australia's insurtech sector is booming, with 293 local firms raising $1.6bn over twelve years, leveraging advanced technologies like blockchain and AI. The sector's grow...

This episode of the Weekly Insurance News Wrap covers key updates in the insurance sector. The podcast discusses a report "Insurtech Down Under", revealing Australia and New Zealand host 293 insurtech firms that have generated $1.6 billion over 12 years. Despite regulatory hurdles, the sector is booming thanks to advancements in technology like AI and blockchain. In a regrettable incident, a compa...

This week's Insurance News Wrap from Financial Services Online details recent developments in the Australian insurance sector. Advancements in insurtech boost the sector, with over 293 insurtech start-ups in Australia and New Zealand raising more than $1.6 billion over the past 12 years. Government incentives, mature start-up ecosystems, and advanced technologies play a role. Legal issues arise, a...

This week's Financial Services Online's podcast, hosted by Paige Estritori, discusses Australia's surging insurtech sector, backed by strategic investments and leading-edge tech, which has drawn $1.6 billion over the past 12 years. The episode also touches on a cautionary case about a firm falling victim to a $66,000 cybercrime, emphasizing the need for companies to comprehend insurance policy ter...

In this week's insurance news, Paige Estritori explores insurtech developments in Australia and New Zealand, raising a notable $US1.6 billion over 12 years, even amid growth challenges. The report “Insurtech Down Under” encourages big insurance companies to tap into local opportunities. Cyber threats in Australia have led to an increased need for businesses to understand their insurance policies....

On this week's episode of the Weekly Insurance News Wrap, we explore pivotal insurance stories affecting Australian consumers and businesses. We delve into a recent cybercrime case where an Australian company lost an insurance battle with AIG Australia due to fraudulent invoicing - a jarring reminder of the urgent need for expanded cyber insurance coverage. We then spotlight Australia Underwriting...