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Episode Synopsis
In this week's episode of the Insurance News Wrap, we discuss significant developments in the insurance industry. We start with the five-year partnership between NM Insurance and Zurich, a collaboration set to strengthen NMs position in niche risk strategies. Cyber threats have surged recently, prompting CFC Underwriting Limited to introduce a free Cyber Masterclass for brokers. Meanwhile, New South Wales has revisited its Compulsory Third Party insurance and lifetime care schemes, inviting a variety of opinions on possible adjustments. The Australian Financial Complaints Authority issued a ruling that emphasized consumer responsibility in insurance policies, following a rejected refund plea from a homeowner due to increased flood cover premiums. Stay tuned for next week's discussion on the latest insurance trends.
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