This episode of the Weekly Insurance News Wrap from Financial Services Online, hosted by Paige Estritori, discusses crucial insurance developments. Firstly, the Australian Prudential Regulation Authority urges insurers to significantly enhance their cybersecurity measures to ensure financial security and a low risk profile. Secondly, Ex-rugby league star Ethan Lowe's multi-million-dollar insurance claim for paralysis was dismissed by the Federal Court due to policy stipulations. In a homeowners victory, an initially rejected fire-damage claim against Allianz was later approved after being disputed over translation errors. Lastly, the episode examines a Senate inquiry into climate risk, addressing the variability of levee designs, and their impacts on insurance premiums, with discussion on the minimal role of climate change in affecting these premiums.n

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