In today's Daily Financial Services News Wrap, we delve into significant happenings in the Australian financial industry. The Australian Financial Complaints Authority sided with a restaurant owner in an arson claim dispute against QBE Insurance, stressing the importance of thorough information disclosure from policyholders to insurers. Meanwhile, Insurance Australia Group reported a whopping 91% net profit increase, though also signalled potential premium hikes due to climate-related risks. With the aim of promoting greener transport alternatives, the Australian government announced low-interest loans for buying electric vehicles. Mirroring this green trend, Bank Australia is ceasing to finance new petrol, diesel, and hybrid cars from February 2025, paving the way for a larger focus on EVs. Tune in for more insightful coverage and updates on financialservicesonline.com.au.

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