In this week's Insurance News Wrap, Paige Estritori discusses key happenings in the Australian insurance industry. The program highlights WFI Insurance's green initiative, offering premium discounts to farmers maintaining sustainable farming practices via an AgCarE certification. Elsewhere, a sharp increase in professional indemnity insurance premiums poses a challenge for businesses, resulting from a 27% surge since 2015, mainly due to rising finalised bodily injury claims. The construction boom, including preparations for the 2032 Brisbane Olympics, underlines the need for this insurance, encouraging construction businesses to seek experts in the field. Finally, despite reductions in premiums for low-risk financial services, sectors like engineering, legal, and finance face strict underwriting and increased regulatory scrutiny related to long claim settlement times. Businesses are urged to exercise vigilance and tailor coverage for emerging risks.n

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