Insurance News Wrap

In this episode of the Weekly Insurance News Wrap, the show touches on various stories from different corners of the insurance industry. Marsh's commercial price monitor showed a reduction in global insurance rates during the last quarter of 2025, with Australia-Pacific leading the trend with an 8% dip. In Western Australia, DBD Developments faced regulatory action for constructing without mandato...

In this week's 'Weekly Insurance News Wrap', host Paige Estritori discusses the latest happenings in the insurance industry. Commercial insurance rates have experienced a significant drop in the last quarter of 2025, with the Australia-Pacific region leading the trend with an 8% decrease. In Perth, construction firm DBD Developments was fined for breaching insurance laws by starting a project with...

In this episode, Paige Estritori from Financial Services Online shares important updates from the insurance industry. The reported global reduction in insurance rates, particularly an 8% drop in the Australia-Pacific region, is benefitting businesses. However, the U.S. casualty sector continues to face challenges. Attention is drawn to regulatory compliance, with Perth's DBD Developments penalized...

In this week's podcast, we discuss major developments in the Australian insurance sector. We start with a global trend of declining insurance rates, with the Australia-Pacific region leading the way with an 8% reduction, attributed to an increase in regional competition. We then delve into compliance matters; a Perth construction firm was fined for construction without the obligatory Home Indemnit...

On this episode of Financial Services Online's Weekly Insurance News Wrap, Paige Estritori delivers essential updates on the ongoing flooding situation in Queensland, which has resulted in over 1,400 insurance claims, and the emphasis on building resilience into future infrastructure upgrades. In industry news, the Australian Competition and Consumer Commission (ACCC) begins investigating major me...

In this week's edition of the Insurance News Wrap by Financial Services Online, host Paige Estritori discusses a range of urgent matters from Australia's crippling floods to alerts in the motor insurance sector and calls for financial reform. It starts off with a focus on the drastic flood situation in Queensland, where insurance claims have skyrocketed and health risks from contaminated waters po...

In this episode, Paige Estritori highlights the pressing impacts of severe flooding in northern regions of Australia with over a thousand insurance claims filed after the event. Presenting major challenges to towns like Ingham, the focus turns to learning from the disaster and prioritizing resilience in future infrastructure plans. Then, she mentions the thorough review being launched by the ACCC...

In this episode, Paige Estritori from Financial Services Online discusses Australian insurance news. Severe flooding in Queensland resulted in over 1435 insurance claims, prompting insurance firms like IAG, Suncorp, and RACQ to expedite claim processes. Attention turns to the dynamics of major insurance mergers with the ACCC inspecting the impacts of Insurance Australia Group's bid for RACQ and Al...

In this week's Financial Services Online podcast, Paige Estritori covers flood challenges in Queensland and the subsequent rise in insurance claims. Townsville evaded major flooding, but Ingham reported alarming Herbert River levels. Insurance companies like IAG, Suncorp and RACQ, are fast-tracking the claims process. David Crisafulli, current Premier, is aiming towards revamping infrastructure to...

This week's Insurance News Wrap from Financial Services Online, hosted by Paige Estritori, covers the dire situation in Queensland due to persistent flooding, and the consequent rise in insurance claims, highlighting the urgent need for resilient infrastructure. Special mention was made of insurance firms: IAG, Suncorp, and RACQ for their prompt claims processing. The podcast also covers the Austr...

In this episode of the Weekly Insurance News Wrap, Paige Estritori discusses severe flooding in North Queensland declared a significant event by the Insurance Council of Australia. Hardest hit are the communities of Townsville and Ingham, facing infrastructure damage and numerous evacuations, with insurers like Suncorp, IAG, and RACQ offering support. Elsewhere in Victoria, the focus is on recover...

In this podcast, Paige Estritori of Financial Services Online discusses key developments impacting personal and business insurance sectors in Australia. The episode focuses on Australians' growing concerns about life insurance affordability due to increasing living costs, interest rates, and inflation, with a report by iExtend suggesting that nearly 25% may drop their policies if financial strain...

This podcast by Paige Estritori covers the rising economic pressures in Australia, particularly focusing on the increasing costs of living and skyrocketing insurance prices. A report reveals that Australians are reassessing the value of their life insurance policies due to financial stress. A survey by the Council of Australian Life Insurers found that many may cancel policies if finances worsen,...

In this episode of the Financial Services Online Weekly Insurance News Wrap, Paige Estritori discusses Australians' changing views on life insurance due to rising costs of living. A Council of Australian Life Insurers survey reveals that 25% of respondents consider cancelling their life insurance if finances worsen, along with 68% expressing affordability concerns. In response, companies like iExt...

This podcast digs into the rising pressures on Australians regarding the costly life insurance amidst soaring living costs and inflation. The emphasis is on a startling survey by the Council of Australian Life Insurers indicating that one in four adults are contemplating cancelling their life insurance policies due to financial strain. The CEO of iExtend underscores the significance of guiding Aus...

In this episode of Financial Services Online's Weekly Insurance News Wrap, we discuss two major developments. Firstly, a comprehensive review led by ACT's Legislative Assemblys Standing Committee on Economics, Industry, and Recreation will investigate the insurance industry's practices, particularly regarding escalating insurance costs affecting businesses and community groups. Areas of focus will...

This episode of the Weekly Insurance News Wrap covers updates from the insurance industry for Wednesday, January 29th, 2025. The Australian Capital Territory launches an inquiry into rising insurance costs affecting businesses and community organisations, investigating aspects like workers' compensation and climate change's impacts on the industry. The Canberra Business Chamber points out increasi...

This podcast summarizes key developments in the Australian insurance industry as of January 28, 2025. It discusses a probe by the ACT Legislative Assembly into rising insurance costs impacting businesses and community organizations, with a focus on workers' compensation and climate change impacts. The podcast also narrates a recent mandate on the insurer, Auto & General forcing it to apologize and...

This week on the Insurance News Wrap, we discuss Auto & General's recent ruling requiring compensation and an apology for mismanaging a storm damage claim. In the travel sector, a case involving AWP Australia highlights the importance of understanding insurance policy exclusions. In Victoria's Halls Gap, a growing crisis around soaring insurance costs impacts local businesses following bushfire di...

This podcast, hosted by Paige Estritori of Financial Services Online, covers the latest insurance industry news across Australia. The episode reflects on the mishandling of a storm damage claim by Auto & General Insurance, resulting in a $2000 compensation mandated by the Australian Financial Complaints Authority (AFCA). It also discusses the rejection of a travel insurance claim due to a lack of...

This podcast update from Financial Services Online, hosted by Paige Estritori, covers key news from the insurance sector. It discusses the importance of insurers improving their claims handling processes exemplified by a case involving Auto & General in Brisbane, who was ordered to compensate after an improper handling of a storm damage claim. A travel insurance dispute outlined the necessity of u...

In this episode of Weekly Insurance News Wrap, Paige Estritori discusses the latest developments in Australian insurance. Auto & General receives criticism and instruction due to alleged procedural lapses leading to an erroneous denial of a storm damage claim. A warning is given about fully understanding travel insurance exclusions, drawing from a case in which a man's claim wasn't covered due to...

In this week's Insurance News Wrap, Paige Estritori of Financial Services Online discusses key happenings in the Australian insurance industry. The crucial role of understanding pre-existing condition clauses in travel insurance was emphasized after an Australian Financial Complaints Authority ruled in favour of insurer AWP Australia against a policyholder. In Victoria, the insurability crisis at...

This week's insurance news wrap-up includes reports of insurability crises due to destructive bushfires in Halls Gap, Victoria, with local businesses facing possible closures due to rising insurance premiums and the insurability issue. Meanwhile, in New South Wales and the Australian Capital Territory, over 11,000 claims have been filed following severe electrical storms. The situation has trigger...

In this episode of the Weekly Insurance News Wrap, Paige Estritori discusses recent weather events in New South Wales and the Australian Capital Territory, where catastrophic storms have led to over 11,000 insurance claims, and power outages have affected over 143,000 homes. Insurance companies like Suncorp and Allianz have seen a surge in claims, highlighting the need for preparedness and efficie...