In this week's episode of the Weekly Insurance News Wrap with Paige Estritori, we explore key insurance industry developments in Australia. Regulatory body APRA is calling on insurers to close cybersecurity gaps, emphasizing the need for regular security tests and stringent reporting. In legal updates, the Federal Court disallowed an insurance claim by ex-rugby player Ethan Lowe due to nonfulfilment of total paralysis criteria, while a homeowner prevailed over Allianz in a disputed fire damage claim. Lastly, Senate hearings highlighted the role of natural climate variability and the need for improved levy design consistency and data in calculating insurance premiums. This underlines the wider global issue of adapting to a changing environmental landscape. Stay tuned at financialservicesonline.com.au for more insurance news and insights.

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