Mon, 14th Oct 2024

14/10/2024

Listen "Mon, 14th Oct 2024"

Episode Synopsis

On the "Weekly Insurance News Wrap," host Paige Estritori discusses recent developments in the Australian insurance industry. The Australian Financial Complaints Authority's (AFCA) recent ruling highlights the importance of understanding insurance contracts specifics, where the AFCA defended broker Aon in a dispute regarding emergency tree removal coverage. The finance sector, led by insurance companies, is gaining commendations for their role in the global sustainability drive, with Australia notably surpassing other nations in the sustainability index. A unique insurance product named "360 School Fee Protect" was launched by 360 Underwriting Solutions, showcasing the company's dedication to providing strategic financial solutions for education providers. Lastly, a recent travel insurance dispute emphasizes the need for transparency and dispensing with policy 'loopholes' in insurance agreements.