In this week's insurance news wrap, Paige Estritori discusses significant developments. Climate change threatens the Australian housing sector with increasing property insurance costs due to weather-related dangers. The Insurance Council of Australia and industry experts urge improved resilience, retrofitting, and climate-proofing measures, warning potential costs could reach $35 billion by mid-century. A controversial case involving Suncorp and a motor policyholder highlighted the need for clear communication and policy review during renewal periods. Finally, a lawsuit led by the Australian Securities and Investments Commission against Hollard Insurance serves as a stark warning to insurers over delaying claims, concluding a mishandled storm damage claim from 2021. For additional details and insurance solutions, listeners are encouraged to visit the Financial Services Online site. Stay tuned for next week's updates.n

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