In this week's Australian insurance industry update, Paige Estritori discusses several significant occurrences. Two farmhouses had their compensation claims for earthquake damage dismissed due to pre-existing issues, as suggested by the Australian Financial Complaints Authority. Estritori also relays the prosperous status of the Suncorp Group, with CEO Steve Johnston praising the reinsurance market's stability, which impacted insurance premiums in Australia and New Zealand. Despite no proof of purchase or unclear service history, a recent car theft case had a positive outcome for the claimant, emphasizing the importance of comprehensive car insurance. The case shines light on the necessity for car owners to keep all purchase/maintenance documents for smoother claim processing. For more on personal and business insurance, visit the Financial Services Online website.

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