Sat, 26th Apr 2025

26/04/2025

Listen "Sat, 26th Apr 2025"

Episode Synopsis

In this episode of the Weekly Insurance News Wrap, Paige Estritori discusses significant interventions by the AFCA in insurance disputes. One case saw AFCA support RAA Insurance over a vehicle location dispute. In the other, AFCA sided with homeowners against Youi Insurance regarding property damage, a landmark ruling that sets a positive precedent. The episode also explores potential risks associated with inaccuracies in AI implementation in the insurance sector, calling for detailed questioning on AI usage in policy forms and urging insurers to develop AI-specific policies. The program wraps up with a reminder of the commitment of Financial Services Online to assist with any personal and business insurance needs.n